Millions of Americans receiving Social Security and other federal benefits could qualify for as much as $1,200 in additional assistance under a proposal introduced in Congress. The Social Security Emergency Inflation Relief Act would provide an extra $200 per month for six months to eligible beneficiaries. However, the legislation has not been approved, meaning no … Read more
Social Security beneficiaries who still receive paper checks may soon need to change the way they get their monthly payments, as the federal government moves toward a full electronic payment system. The Social Security Administration says it intends to fully transition to electronic payments this year. The shift follows an executive order signed by President … Read more
A Republican lawmaker has reintroduced legislation that could reshape the national debate over Social Security and Medicare as both programs face growing financial pressure in the coming years. Representative Gus Bilirakis has brought back the Commission on Sustaining Medicare and Social Security Act, a proposal that would create an independent bipartisan commission to study the … Read more
The Social Security Administration is facing growing concern after major staffing cuts, service changes, and missing performance data made it harder for many Americans to access disability benefits. According to the report, the agency cut more than 7,100 jobs, representing over 13 percent of its workforce. It also closed six of its 10 regional offices, … Read more
Social Security benefits are projected to increase in 2027, based on estimates from The Senior Citizens League, one of the largest organizations representing older Americans. Each year, the Social Security Administration determines the cost-of-living adjustment (COLA), which reflects the annual increase applied to benefits to keep pace with inflation. The COLA is calculated using changes … Read more
Medical debt is a growing concern for many Americans, especially retirees and older adults who rely on fixed monthly income. Hospital bills, specialist visits, prescription costs and rising Medicare-related expenses can quickly strain a household budget. For people who depend on Social Security to pay for rent, groceries and utilities, unpaid medical bills can create … Read more
Every month, the Social Security Administration distributes benefits to retired workers, survivors, individuals receiving Social Security Disability Insurance (SSDI), and those enrolled in Supplemental Security Income (SSI). The amount each beneficiary receives is not the same, as payments are calculated on an individual basis. However, several key factors can cause these payments to increase or … Read more
Millions of Americans will see Social Security Administration payments arrive this week as May’s benefit schedule begins. The payments include Supplemental Security Income, also known as SSI, along with Social Security benefits for specific groups of retirees, disability recipients and survivor beneficiaries. For some people, this week brings more than one deposit. Certain beneficiaries who … Read more