Wednesday, November 20, 2013

Social Security Check Dates

When does Social Security pay benefits? 

Social Security pays retirement and spouse's benefits the month after they are due to start. For example, if your benefit start month is May, we will pay May's benefit in June.
The exact payment date is determined by the birthday of the retired worker.
For example, if the retired worker's date of birth is on:
  • The 1st thru 10th - we pay the benefits on the second Wednesday of the month
  • The 11th thru 20th - we pay the benefits on the third Wednesday of the month
  • The 21st thru 31st - we pay the benefits on the fourth Wednesday of the month.
If your regularly scheduled Social Security check is due on a weekend or holiday, you will receive it on the preceding business day.


Courtesy SSA.gov

Thursday, November 14, 2013

Social Security payments to Same-Sex Couples.


Statement of Carolyn W. Colvin, Acting Commissioner of Social Security,
on Payments to Same-Sex Couples



“I am pleased to announce that Social Security is now processing some retirement spouse claims for same-sex couples and paying benefits where they are due.  The recent Supreme Court decision on Section 3 of the Defense of Marriage Act, made just over a month ago, helps to ensure that all Americans are treated fairly and equally, with the dignity and respect they deserve.  
We continue to work closely with the Department of Justice.  In the coming weeks and months, we will develop and implement additional policy and processing instructions.  We appreciate the public’s patience as we work through the legal issues to ensure that our policy is legally sound and clear. 
I encourage individuals who believe they may be eligible for Social Security benefits to apply now, to protect against the loss of any potential benefits. We will process claims as soon as additional instructions become finalized.”
To learn more, please visit www.socialsecurity.gov.

Social Security Announces 1.5 Percent Benefit Increase for 2014

Social Security Announces 1.5 Percent Benefit Increase for 2014
Monthly Social Security and Supplemental Security Income (SSI) benefits for nearly 63 million Americans will increase 1.5 percent in 2014, the Social Security Administration announced.
The 1.5 percent cost-of-living adjustment (COLA) will begin with benefits that more than 57 million Social Security beneficiaries receive in January 2014.  Increased payments to more than 8 million SSI beneficiaries will begin on December 31, 2013.
Some other changes that take effect in January of each year are based on the increase in average wages.  Based on that increase, the maximum amount of earnings subject to the Social Security tax (taxable maximum) will increase to $117,000 from $113,700.  Of the estimated 165 million workers who will pay Social Security taxes in 2014, about 10 million will pay higher taxes as a result of the increase in the taxable maximum. 
Information about Medicare changes for 2014 is available at www.Medicare.gov
The Social Security Act provides for how the COLA is calculated.  To read more, please visit www.socialsecurity.gov/cola


An Update on the Health Insurance Marketplace

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Dept. of Health & Human Services
It has been three weeks since the start of the new Health Insurance Marketplace, where Americans, regardless of income or health status, can find quality, affordable health coverage. The launch of the Marketplace website, HealthCare.gov, has been rocky but we are working tirelessly to make the online process better.
And we are taking other steps to meet the consumer demand for affordable health insurance. There are four basic ways to apply for health coverage through the Marketplace, and I want to tell you about them.
  • Apply online. Visit HealthCare.gov to get started.
  • Apply by phone. Call 1-800-318-2596 to apply for a health insurance plan and enroll over the phone. (TTY: 1-855-889-4325)
  • Apply in person. Visit a trained counselor in your community to get information and apply in person. Find help in your area at LocalHelp.HealthCare.gov.
  • Apply by mail. Complete a paper application and mail it in.  You can download the paper application form and instructions from HealthCare.gov.
Before you choose a plan, you may want to explore your options.  You can use this calculator to see if you qualify for lower costs on coverage and preview Marketplace plans here.
More people are applying and getting covered every day, and I often hear how the Marketplace has helped them.  It’s one of the best parts of my job.  Here are some of their stories:
  • Last week while on the road in Ohio, I met Keith Deaton, a Cincinnati realtor. Because of a preexisting condition, Keith has struggled to find health insurance that meets his family’s budget.  When I spoke with him, he told me how excited he was to be able to shop for a plan that’s a better fit for him and his family.
  • Daniel, a student from Florida, was able to find high quality insurance for $70 dollars a month through HealthCare.gov.  Affordable coverage is critical to students like Daniel who have to protect their health on a limited budget.

106,185 Americans selected health plans in first reporting period of open enrollment

 106,185 Americans selected health plans in first reporting period of open enrollment

Detailing results of the first reporting period (Oct. 1-Nov. 2, 2013) of the Health Insurance Marketplace’s Open Enrollment, Health and Human Services (HHS) Secretary Kathleen Sebelius announced today that 106,185 individuals have selected plans from the Marketplace, and another 975,407 have made it through the process by applying and receiving an eligibility determination, but have not yet selected a plan.  An additional 396,261 have been determined or assessed eligible for Medicaid or the Children’s Health Insurance Program (CHIP).
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