The coronavirus pandemic has been catastrophic for the thousands of Americans who’ve been diagnosed with the highly communicable virus or fallen ill to COVID-19, the disease that is spread by the coronavirus. The spread of coronavirus is also the catalyst of an economic disaster as governments and public health agencies struggle with the reopening of stores, small businesses and service providers closed for months to limit the spread of coronavirus, without putting people at risk of a renewed outbreak.
The effect of the pandemic has disrupted the economy in ways not seen since the Great Depression. The closing of stores led to layoffs as sales revenue plummeted, and 39 million people nationwide filed for unemployment claims in their states. Some of the businesses affected by the pandemic have workers on staff who signed up for the Social Security Ticket to Work program, which provides training and guidance to people receiving federal Social Security Disability Insurance (SSDI) benefits or Supplemental Security Income (SSI).
The federal government has responded to the impact of the pandemic on the worker with the passage of an aid and relief package for people whose livelihoods and ability to work have been affected. This includes those who participate in the SSA Ticket to Work program.
The coronavirus crisis has challenged officials on the local, state and federal levels since the first cases were identified in the United States at the start of 2020. States began issuing restrictions on its citizens to curb the outbreak, requiring them to remain sheltered and to work from home if possible.
By April 7 all but eight states had restrictions in place. Millions of people were laid off or furloughed as thousands of offices, department stores, small businesses, restaurants and bars closed for lengthy period. Paychecks dried up as rent and other bills came due.
The federal government’s response to this crisis is the Coronavirus Aid, Relief and Economic Security (CARES) Act. Signed into law March 28, the CARES Act includes direct payments to millions of Americans, expanded unemployment insurance benefits, and funding for small businesses forced to close because of the crisis.
The CARES Act provides $1,200 direct payments to adults, $2,400 for joint filers, and $500 for each child under 17. This includes recipients of SSDI, which goes to people who live with a disability that prevents them from holding a job; and SSI, an income-based benefit for people who have not contributed enough into the SSA retirement system during their lifetimes.
The CARES Act payments are limited to individuals with income under $75,000, $112,500 as the head of household and $150,000 if married. SSDI and SSI income is counted and if your income is above the ceiling, the payment amount is reduced by $5 for every $100 of your income over the limit. That is something to consider if you earned income in SSA ticket to work while still receiving your benefits. The best way to find out if you are eligible for the CARES Act relief aid is by going to the Internal Revenue Service “Get My Payment” page.
DisABLEd Workers helps people receiving Social Security Administration disability benefits set goals to return to work and financial independence through participation in SSA Ticket to Work.
Ticket to Work provides career counseling, job training, and access to Employment Networks. To get more information, contact DisABLEd Workers with your questions today at 877-291-9806.