tag:blogger.com,1999:blog-19246708.post8064720531143888797..comments2024-03-29T08:44:53.158-04:00Comments on Social Security News: While Straining To Prove A Minor Point, David Autor Undermines His Entire ThesisUnknownnoreply@blogger.comBlogger9125tag:blogger.com,1999:blog-19246708.post-12065324724001754932012-05-30T11:55:40.405-04:002012-05-30T11:55:40.405-04:00Consider a single man who earns the average wage t...Consider a single man who earns the average wage throughout his career ($43,100 in 2010 dollars), works every year from age 22 to 64, and then retires at age 65 in 2010. Over his lifetime he has paid $345,000 into the system. But he is likely to get back $72,000 more than that, or $417,000 in Social Security and Medicare payouts, according to recent Urban Institute calculations. A single women with the same work and tax history will come out even further ahead due to her longer life expectancy, likely netting $464,000 in lifetime benefits, which is $192,000 more than she paid into the system. These amounts are in constant 2010 dollars and assume a 2 percent real interest rate.<br /><br />Medicare benefits are the main reason most workers are coming out ahead. A male earning the average wage throughout his working life who retires in 2010 paid $55,000 into the Medicare trust fund, but is likely to receive $161,000 worth of Medicare benefits, the Urban Institute found. In contrast, he pays $290,000 in Social Security taxes throughout his career and collects $256,000 in retirement payments.<br /><br />For the disabled, depending on age at time of filing the amount of the Medicare goes up to pay for the conditions that caused the disability. Most people do not understand that Medicare Part B premiums are only 25% of the monthly cost, the government picks up the rest. That does not include a Part D prescription drug plan with donut hole costs, or drugs not covered by Part D. If you want back only what you paid it, go ahead and take it, but you are on your own, and dont show up at the ER and expect the rest of us to pay for it. Send the bill to Mit.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-7165615440013296132012-05-30T08:53:23.919-04:002012-05-30T08:53:23.919-04:00Anon 6:52 - for the bare minimum, to get one QC in...Anon 6:52 - for the bare minimum, to get one QC in 2012, you have to earn $1130, so to get the max of 4 QC's in 2012, the earnings have to be $4520, not $500. Those low earnings will make a person insured and eventually entitled to Medicare, but the monthly benefit will be commensurate with the low earnings, maybe $200 or $300 per month if there is only the bare miniumum earned.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-44326588960135131642012-05-30T06:52:02.805-04:002012-05-30T06:52:02.805-04:00"paid in" is a pretty generous term. I&..."paid in" is a pretty generous term. I'm not sure of the exact numbers, but earnings of approximately $500 per year get your covered for SSDI. Not sure you can really argue that people who have those type of low earnings haven't been on "welfare"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-33339435651442040122012-05-29T18:01:34.394-04:002012-05-29T18:01:34.394-04:00Dealing with the people that have filed that are c...Dealing with the people that have filed that are clearly disabled, and have to wait for extended periods, I would say it is not that easy to get disability. <br /><br />My own spouse became disabled at 58, and went to an ALJ and got approved for SSDI. I will say that there is generally a difference between SSI and SSDI applicants, as far as malingering. <br /><br />People that have worked and paid in tend to be the type that would rather work if they could. As opposed to people that may have never had jobs and been on welfare most of their lives then applying for disability.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-47022958429993225652012-05-29T14:21:58.610-04:002012-05-29T14:21:58.610-04:00There is no need for a sixth step. If you can wor...There is no need for a sixth step. If you can work at Step 5, that means you can work without special accommodations. If you require special accommodations to work, you are disabled at Step 5.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-36317465567134466412012-05-29T11:59:24.726-04:002012-05-29T11:59:24.726-04:00I have a disability. It's always disturbing to...I have a disability. It's always disturbing to read one sided or biased comments.<br /><br />The commissioner should add another step in his decision making process(step 6)in connection<br />with the ada.<br /><br />If requirements met,this step would provide a different type of coverage(without benefits unless<br />impairment related termination or difficulty)and remain in effect throughout any work attempt or<br />employment.<br /><br /><br />Is this a good idea?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-24101597921743197792012-05-29T10:06:04.479-04:002012-05-29T10:06:04.479-04:00As the above poster commented, inability to find a...As the above poster commented, inability to find a job in an economy that is still suffering, has nothing to do with one's disability status. <br /><br />We shouldnt be paying people just because the cant find a job. But many, many ALJs do. Whether it's to pay down the backlog, or just sympathy for the claimant's financial, as opposed to medical, status.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-67418354026747987502012-05-29T09:46:04.295-04:002012-05-29T09:46:04.295-04:00For many people, the difference between disability...For many people, the difference between disability and working is motivation. If you are motivated to work, you can find a way to work (with some obvious exceptions). It should not be surprising that many unsuccessful disability applications remain unemployed (especially those who had poor work histories and are seeking SSI (and were not stay-at-home mothers)), because they were not particularly motivated to begin with.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-12924612731467359602012-05-29T09:20:45.734-04:002012-05-29T09:20:45.734-04:00your critique relies on a flawed premise. Just be...your critique relies on a flawed premise. Just because people who are denied benefits don't return to work, doesn't mean that they are disabled.<br /><br />Unable to find a job does not equal disabled. <br /><br />However, those who are denied at the hearing level have likely been out of work for at least twelve months...making it much tougher for them to get back into the workforce.Anonymousnoreply@blogger.com