Americans in line for new $914 payment in weeks - check full payment schedule (2024)

16th Jan 2023, 12:00By Josephine Fuller

SSI application and proof of status

According to theSSA, if you are a citizen, examples of documents you may need are:

• A birth certificate showing you were born in the United States
• A religious record of birth or baptism showing your place of birth in the United States
• A naturalization certificate
• A US passport or passport card
• A certificate of citizenship

For those who are considered an alien, examples of documents you may need are a current immigration document I-551 (Permanent Resident Card) and an I–94 (Arrival/Departure Record).

If you are an alien who has served in the US Armed Forces, you may need your military discharge paper (form DD–214).

16th Jan 2023, 11:30By Josephine Fuller

Supplemental Security Income expedited payments

The SSA can start payments more quickly than usual in four different types of situations:

• Presumptive disability (PD) or presumptive blindness (PB) payment
• Emergency advance payment
• Immediate payment
• Expedited reinstatement cases

16th Jan 2023, 11:03By Josephine Fuller

Dual eligible coverage

Dual health plans combine hospital, medical and prescription drug coverage while keeping all theMedicaidbenefits.

Some may also be eligible for greater benefits than with originalMedicareand for as low as a $0 plan premium.

Check your state’s health websiteto see if you qualify for Medicaidbased on household size and income.

16th Jan 2023, 10:30By Josephine Fuller

What it means to be dually eligible

Some people qualify for bothMedicaidandMedicarebecause of age (they’re age 65 or older) or because of a disability.

They could also qualify for Medicaid because they meet their state requirements.

Those who qualify for Medicare and Medicaid are considered “dual eligible.”

Dual-eligible persons have a special type of Medicare Part C (Medicare Advantage) plan.

16th Jan 2023, 10:01By Josephine Fuller

Supplemental Security Income appeals process, continued

The SSA established appeals procedures for individuals who disagree with the determination(s) or decision(s) we make.

The determination(s) or decision(s) that you can appeal are called initial determinations.

The levels of appeal are:

• Reconsideration
• Hearing by an administrative law judge
• Appeals Council Review
• Federal Court

16th Jan 2023, 09:30By Josephine Fuller

Supplemental Security Income appeals process

You can appeal most determinations and decisions made aboutSupplemental Security Income(SSI) or changes to your benefit amount.

That means you can ask the SSA to look at your case again.

When you ask for an appeal, the agency will look at the entire determination or decision, even those parts that were in your favor.

16th Jan 2023, 09:00By Josephine Fuller

Medicare has three parts

According to theMedicarewebsite, those parts include:

• Medicare Part A – covers inpatient hospital stays, care in a skilled nursing facility, hospice care, and some home health care
• Medicare Part B – covers certain doctors’ services, outpatient care, medical supplies, and preventive services
• Medicare Part D – covers the cost of prescription drugs as well as shots/vaccines

16th Jan 2023, 08:30By Josephine Fuller

What to do if you lose your Social Security card

Even though it is important to keep yourSocial Securitycard safe at all times, there's always a possibility of it getting destroyed or lost.

If this happens, you canapply for a free replacement onlinewith the Social Security Administration, or make an appointment at your local Social Security office.

The My Social Security online account is the fastest way to apply for a new card but you can also print an application and submit it manually.

There is no charge for a new card, according to theSSA.

16th Jan 2023, 08:00By Josephine Fuller

Should you laminate your Social Security card?

Although it may seem proactive to laminate your Social Security card, theSocial Security Administrationadvises against it.

Lamination can prevent detection of security features so it is recommended to just cover the card with plastic or a removable case.

Social Securitycards should also be kept in a secure place to prevent it from being destroyed or ruined.

16th Jan 2023, 07:30By Josephine Fuller

What is a Social Security card?

Social Security cardsare automatically issued to all citizens of the United States with theirunique Social Security number.

This numberhelps the government identify you and keep track of yourfinancial history.

It is then needed when applying forloans,bank accounts, andMedicareso it is important to keep you Social Security card in a safe and confidential place.

16th Jan 2023, 07:00By Josephine Fuller

Social Security tax rate revealed

The tax rate for 2022 earnings sits at 6.2 percent each for employees and employers.

So individuals earning $147,000 or more in 2022 would contribute $9,114 to the OASDI program, and their employer would contribute the same amount, according to theSocial Security Administration.

For those who are self-employed, the OASDI tax rate is 12.4 percent.

16th Jan 2023, 06:30By Josephine Fuller

How do Social Security claimants pay taxes?

If it turns out that you do owe taxes on your benefits, you can opt to make quarterly estimated payments to the IRS, or you canchoose to have federal taxes withheldwhen you initially apply for benefits.

You can choose 7 percent, 10 percent, 12 percent, or 22 percent of your monthly benefit withheld for taxes.

We explainfive changes hitting Social Security in 2022.

16th Jan 2023, 06:00By Josephine Fuller

Do Social Security claimants need to pay taxes?

In January of each year, you’ll be notified of how much you received in benefits during the previous year.

This Social Security benefits statement is a form SSA-1099 and can be used to help you complete your tax return.

By using this form, you’ll find out if your monthly benefits are subject to tax.

If by February you’ve not received this form, or if you’ve misplaced it, you can request a new one using youronline social security account.

16th Jan 2023, 05:30By Josephine Fuller

Four Social Security exemptions

TheSocial SecurityAdministration exempts some things you own, which include the following:

• Life insurance policies with a face value of $1,500 or less
• Your car (usually)
• Burial plots for you and members of your immediate family
• Up to $1,500 in burial funds for you and up to $1,500 in burial funds for your spouse
• The home and land where you live.

16th Jan 2023, 05:00By Josephine Fuller

Five reasons you missed SS benefits

In 2022, themaximum Social Security paymentis $4,194, so it’s possible you could miss out on benefits if you fall under one of the scenarios below.

• You moved overseas to a certain country
• You don’t qualify for spousal benefits
• You didn’t work enough
• You’re working while claiming
• You were a federal or a railroad worker

16th Jan 2023, 04:30By Josephine Fuller

Assets that do not count toward the limit

Qualifying for SSI can be complicated, especially due to the asset limits put in place.

While assets include bank accounts, stocks, bonds, and property it excludes the following, according to theSocial Security website,

• Your home and the land
• One vehicle – if you or a member of your household use it for transportation
• Household goods and personal effects
• Life insurance policies you own with a combined face value of $1,500 or less
• Burial plots or spaces for you or your immediate family
• Burial funds of up to $1,500 each for you and your spouse’s burial expenses
• Property you or your spouse use in a trade or business, or on your job if you work for someone else
• If you are disabled or blind, money or property you have set aside under a Plan to Achieve Self-Support
• Up to $100,000 of funds in an Achieving a Better Life Experience

16th Jan 2023, 04:00By Josephine Fuller

How asset limits could change

Currently, beneficiaries are only allowed a limit of $2,000 for an individual and $3,000 for couples.

These limits include anything a recipient can own including money in their bank accounts, stocks, bonds, and property.

Senators Brown and Portman have included in their proposal an expansion of this limit, increasing it to $10,000 for individuals and $20,000 for couples,The Sunhas previously reported.

16th Jan 2023, 03:30By Josephine Fuller

The Social Security Administration’s automated services

Automated telephone services include:

• Requesting a benefit verification letter or replacement tax summary
• Requesting a replacement Medicare Card or applying for help with Medicare prescription drug costs
• Getting claim status
• Finding addresses for localSocial Securityoffices
• Requesting a form to apply for Social Security cards or make changes
• Hearing information about SSI,COLA, taxes, payment delivery dates, direct deposit, fraud, and other Social Security services
• Updating addresses or phone numbers for Social Security benefits

If you’re deaf or hard of hearing and use TTY equipment, you can call the TTY number at 1-800-325-0778.

16th Jan 2023, 03:00By Josephine Fuller

Critics call for updates

SSI advocates are speaking out on the need to update the program.

According toCNBC News, many of the income and asset rules have not been updated since they were created in 1972.

Richard Johnson of the Urban Institute claims, “SSI just provides a bare-bones support for older people and people with disabilities,”

“It really highlights how little support we provide for the most vulnerable Americans.”

16th Jan 2023, 02:30By Josephine Fuller

Many foster children unaware of SSI benefits

According to areportpublished by The Marshall Project andNPR, foster care agencies in at least 49 states have been applying forSocial Securityfor the youth in their care.

Despite the benefits available, many former foster children are unaware of them.

Kathy Stolz-Silvis told NPR she was not aware she could file forsurvivor benefitsuntil 45 years after leaving foster care.

16th Jan 2023, 02:00By Josephine Fuller

Types of income for SSI, part two

Unearned Income: all income that is not earned such as Social Security benefits, pensions, State disability payments, unemployment benefits, interest income, dividends, and cash from friends and relatives.

In-Kind Income: food, shelter, or both that you get for free or for less than its fair market value.

Deemed Income: income from your spouse with whom you live, your parent(s) with whom you live, or your sponsor.

16th Jan 2023, 01:30By Josephine Fuller

Types of income for SSI

The SSA describes income is any item an individual receives in cash or that can be used for food or shelter.

The four types of income include:

Earned Income: net earnings from self–employment, certain royalties, honoraria, and sheltered workshop payments.

16th Jan 2023, 01:00By Josephine Fuller

Benefit drop – Hospital Insurance

The Hospital Insurance (HI) Trust Fund, or Medicare Part A, helps pay for services such as inpatient hospital care and is scheduled to issue benefits until 2028.

After that, the fund’s reserves will become depleted and continuing total program income will be sufficient to pay 90percent of the total scheduled benefits.

16th Jan 2023, 00:34By Josephine Fuller

Benefit drop – Disability Insurance

The Disability Insurance (DI) Trust Fund pays disability benefits and is no longer projected to be depleted within the 75-year projection period.

According to last year’sSocial Securityreport, the DI fund is projected to pay scheduled benefits until 2057.

16th Jan 2023, 00:01By Josephine Fuller

Benefit drop – Old-Age and Survivors Insurance

The Old-Age and Survivors Insurance (OASI) Trust Fund pays retirement and survivors benefits and is scheduled to disdtibute benefits until 2034.

After 2034, the fund’s reserves will become depleted and continuing tax income will be sufficient to pay 77percent of scheduled benefits.