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...

Many Missouri Medicaid Recipients Lose Coverage in Renewal Process

According to an article by the Missouri Independent, over 50,000 Missouri Medicaid recipients have lost coverage in the first two months of the Medicaid renewal process. The renewal process, which was paused during the COVID-19 pandemic, resumed in June 2023. The...

FBI Reports Increase in Elder Fraud in 2022

The FBI recently released its annual elder fraud report for 2022. According to the FBI, losses from elder fraud increased 84 percent in 2022 when compared with the previous year. The losses from fraud in 2022 totaled $3.1 billion and affected over 88,000 people over...

Care Costs Expected to Continue to Rise

A government report projects that costs for nursing home, continuing care retirement communities, and home care will continue to rise in coming years. The Centers for Medicare and Medicaid Services (CMS) predicts that nursing home and continuing care retirement...

Getting a Replacement Social Security Tax Form

Every January Social Security mails out SSA-1099, or SSA-1042S, tax forms to all Social Security beneficiaries. The forms show what income needs to be reported to the IRS when filing an annual tax return.  The SSA-1042S form only goes out to non-US citizens who live...