We Can't Wait Act of 2026

This bill amends Title II of the Social Security Act, enabling disabled individuals to elect to receive their disability insurance benefits during the standard waiting period. The primary goal is to provide earlier financial assistance to individuals who have been approved for disability benefits but are currently subject to a mandatory waiting period before payments begin. Individuals can make this election in writing at several points, including when filing an initial application, requesting reconsideration, or during an administrative law judge hearing. Specific timeframes are also provided for those with pending applications or after a favorable decision, ensuring flexibility in the election process. Opting for early benefits means the individual will receive a reduced monthly amount compared to their full disability insurance benefit. Initially, this reduction sets the benefit at 94.25 percent for the first 36 months following the provision's effective date, and this percentage will remain constant for the entire period of eligibility. To maintain the fiscal health of the Federal Disability Insurance Trust Fund, the Chief Actuary will calculate a new percentage every five years. This calculation aims to ensure the program remains actuarially neutral over a 75-year period, balancing early payments with long-term sustainability. The Commissioner of Social Security is required to certify the new percentage if it meets certain criteria, or report to Congress with recommendations if it falls below a threshold. Furthermore, the Commissioner must provide public information and an online calculator to help individuals understand the financial implications of electing early benefits, and all application forms must be updated to include this new option.