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In addition, SSA must approve our fee before it’s disbursed. Our Attorney Fee is set by Federal SSA regulations and by Congress. Our Attorney Fee comes out of what we call your SSA backpay. The Agency refers to this money as your SSA Past-Due Benefits.
If we win, we cannot and will not charge you a fee that is higher than the statutory SSA maximum fee. The statutory SSA fee is the lesser of 25% (Twenty-Five Percent) of your SSA backpay (past-due benefits) or $9,200 (Ninety Two Hundred Dollars). Below are examples of how this this SSA statutory formula works:
$5,000
$10,000
$20,000
$36,800+
$1,250
$2,500
$5,000
$9,200 (the SSA max fee)
As attorneys, SSA is authorized to pay us our fee directly out of your backpay. If we are representing you and you’re approved, the Agency will withhold the statutory fee and send that amount directly to us. The remainder is then deposited into your bank account.