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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...

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...

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