2014 Social Security Disability Changes

The reason for a COLA, is to make sure the recipients of these benefits are not affected by inflation. The Social Security Administration determines the COLA by using the percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). If there is no increase than there will not be a COLA that year.

Whether you are applying for SSD or SSI, there is a term called Substantial Gainful Activity (SGA) that you may hear. This is when someone is working, while applying for these benefits, Social Security sets a limit on not how much you can work, but on how much you can earn. The limits for 2014 are now $1,070.00 gross per month as opposed to the 2013 limit of $1,040.00 gross per month. on the percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) from the third quarter of the last year a COLA was determined to the third quarter of the current year. If there is no increase, there can be no COLA. on the percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) from the third quarter of the last year a COLA was determined to the third quarter of the current year. If there is no increase, there can be no COLA.

For individuals who receive SSI, the monthly federal payment standard for an individual is now $721.00 per month compared to the 2013 amount of $710.00 per month. A couple who are both on SSI can now receive a combined total of $1,082.00 per month compared to the 2013 combined total of $1,066.00 per month. As far as resource limits, those have stayed the same at $2,000.00 for an individual and $3,000.00 for a couple.

As for SSD and Social Security Retirement benefit recipients, their monthly benefits will go up 1.5% as well.

For more information on COLAs and what they mean to you, visit ssa.gov or your local Social Security office.