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The Inflation Reduction Act and Medicare

Senior Benefit Services, a senior insurance organization, recently released a report on the potential changes that the Inflation Reduction Act is expected to bring to Medicare in 2025. There are a number of changes that affect costs for Medicare Part D recipients....

New Social Security Overpayment Policies

The Social Security Administration (SSA) recently announced new policies for recovering overpayments. If Social Security makes an overpayment to a beneficiary, they are legally required to recover the amount of the overpayment. If an overpayment took place over years,...

Housing Unaffordable for SSI Recipients

A new study by TAC, a nonprofit housing and disability advocacy group, has found that housing is unaffordable anywhere in the country for individual SSI beneficiaries. In 2024, SSI benefits are capped at $943 per month for individuals. This equals a mere 17.5 percent...

Long-Term Care in the United States

The New York Times recently published an article detailing the state of long-term care in the United States compared with other countries.  Japan assures coverage through mandating the purchase of long-term care insurance by individuals over 40. The Netherlands covers...

SSI Savings Penalty Elimination Act

A bipartisan group of legislators recently introduced the SSI Savings Penalty Elimination Act in Congress. If passed, the act would increase the asset limit for SSI beneficiaries to $10,000 per person and $20,000 per married couple. These asset limits would also be...

2024 Social Security Updates

The Social Security Administration (SSA) recently announced the cost-of-living adjustments that will take effect in January 2024.    The maximum Supplemental Security Income (SSI) payment will increase from $914 to $943 per month for eligible individuals. For eligible...

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