New Social Security rules in April could mean higher monthly payments for some beneficiaries. Increases depend on cost-of-living adjustments and wage indexing.
1. Higher Benefits for Some
The full retirement age is gradually increasing. If you're planning to retire soon, check if your age group is affected to avoid penalties or reduced benefits.
2. Full Retirement Age Shift
If you work while receiving Social Security, new income limits will apply. Exceeding these limits may reduce your benefits, so plan ahead to avoid surprises.
3. Earnings Limit Adjustment
Changes in eligibility rules for Social Security Disability Insurance (SSDI) may affect who qualifies. Ensure you meet the new medical and work history requirements.
4. Disability Benefits Criteria
Modifications in spousal and survivor benefits could impact widows, widowers, and dependent spouses. Review the changes to maximize your benefits.
5. Spousal and Survivor Benefit
If you receive Medicare, some Social Security changes may affect your premiums or coverage. Stay informed about how this might impact your healthcare costs.
6. Medicare and Social Security Link
The Social Security application and appeal process is being streamlined. If you're applying or appealing a decision, expect quicker processing and updated procedures. 4o
7. New Application and Appeal Proce