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A Ticket To Work, or a Ticket To Ride?
Posted in: Work Incentives Program on August 8th, 2011

paycheckIt’s well known that all aspects of the social security program are under fire – not necessarily by politicians, mind you, but just by financial concerns.  The fact of the matter is that Social Security Disability Insurance has been paying out more than it has been taking in through revenues since 2005, and the most dire predictions say that the program could go entirely bankrupt as early as 2027 if things continue on in the vein that they are now.

What Can Be Done?

What has been suggested by many is that those who apply for Social Security Disability Insurance also be involved with vocational rehabilitation, or essentially equipping those who have suddenly experienced disability or illness that prevents them from working in the capacity that they were before.  Currently, this program is known as the “Ticket to Work” program, but it is not required that applicants to the Social Security Disability Insurance program apply.  Somewhat unsurprisingly, this program’s success rate is not very high – a recent study by Cornell University suggested that as little as 1.1 percent of all Social Security Disability Insurance applicants actually use the Ticket to Work program.

In light of the fat that the Social Security Disability Insurance program is quickly losing funds, there has been increasing pressure to make the Ticket to Work program a required prerequisite for all individuals who are applying for Social Security Disability Insurance.  The idea is to get as many people back in the work force as possible.  With the fact that Social Security Disability Insurance might go bankrupt in less than two decades, maybe getting back to work isn’t a bad idea!

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