Benefits Archives - DR News - News, Retirement, Finance

Missouri Legislative Momentum Builds to End Seizure of Foster Children’s Benefits

Jefferson City, Missouri – Proponents of bills aiming to end Missouri’s practice of seizing Social Security benefits from foster children are optimistic about regaining momentum in the legislative process after a setback during the spring break. Despite hurdles in both the House and the Senate, advocates for the bill are working to push it forward when lawmakers reconvene. In the Senate, GOP state Sen. Holly Thompson Rehder of Scott City faced challenges with her bill …

Applying: Your Guide to Social Security Benefits Before Retirement

Chicago, Illinois – Planning for retirement can be both exciting and overwhelming, especially when it comes to securing Social Security benefits and lining up health insurance. As you prepare for this significant life transition, it’s essential to have a clear understanding of the process and requirements involved in applying for these crucial benefits. Before diving into the application process, it’s important to determine when you want to start receiving your Social Security benefits. Whether you …

Social Security Benefits Boost Bill Proposed by Senate Democrats amid Rising Costs for Older Adults

Philadelphia, Pennsylvania – A new legislation introduced in the Senate aims to increase Social Security benefits for older adults by adjusting the way cost-of-living increases are determined. However, the bill’s success in becoming a law remains uncertain. Senator Bob Casey, the chair of the Senate Special Committee on Aging, emphasized the importance of ensuring that Social Security remains a vital resource for seniors facing rising costs. The proposed Boosting Benefits and COLAs for Seniors Act …

Age Increase Proposal Threatens Social Security Benefits for Blue-Collar Workers, Warns SSA Commissioner

Baltimore, Maryland – Social Security Administration (SSA) Commissioner Martin O’Malley expressed concerns about the impact of raising the retirement age on blue-collar workers, following the release of a proposal by the Republican Study Committee (RSC) to increase the age of Social Security eligibility. The RSC’s budget proposal did not specify the exact age to which the eligibility would be raised but cited the need to adjust for increases in life expectancy. During a House Ways …

Retired Workers Set to Receive $4,873 Social Security Benefits Next Week

Austin, Texas – The Social Security Administration (SSA) has announced that millions of Social Security benefits are set to be distributed over the coming week. As of yesterday, the final round of payments will be issued on Wednesday, March 27th. Retired workers born between the 21st and 31st of the month may receive up to $4,873 in monthly benefits, subject to eligibility requirements set by the SSA. To qualify for the maximum benefit payment, retired …

Identity Theft Scheme Lands Ohio Woman in Jail for Stealing Social Security Benefits from Dead Child

Cincinnati, Ohio – A 56-year-old woman from Cincinnati, Ohio, has been imprisoned for assuming the Social Security identity of a deceased child and illicitly obtaining substantial financial benefits. Christina Vaskovsky’s criminal activities include pilfering $14,500 from an employer in 2008, subsequently evading her court appearance and prompting a warrant for her arrest. In 2010, she embarked on a new scheme, adopting the personal details of a child who had passed away in 1977, born in …

What you need to know before choosing a Medicare Advantage Plan

Medicare Advantage plans are attracting an increasing number of seniors who are seeking a wider range of healthcare coverage options. Offered by private insurers, these plans include benefits beyond what original Medicare provides, such as dental cleanings, eye exams, and wellness perks like fitness club memberships. Medicare Advantage plans, however, come with challenges and limitations. According to data from Axios, over half of eligible beneficiaries – 51% – are currently enrolled in Medicare Advantage plans. …

Social Security Retirement Benefits: Mistake or Necessity at 62?

Pittsburgh, PA – A retired individual shared their experience of being compelled to opt for Social Security retirement benefits at the age of 62 instead of Supplemental Security Income (SSI). Now at the age of 71, they are questioning if this decision was an error on the agency’s part. This situation raises concerns about the complexities of social security benefits and the various factors that come into play when individuals make such decisions. It is …

Retiree Shares Experience of Claiming Social Security Benefits at 62 Instead of SSI

Springfield, Illinois – A retiree in Springfield, Illinois recounts a challenging decision to start receiving Social Security retirement benefits at the age of 62 instead of Supplemental Security Income. This choice was influenced by the need for immediate financial assistance, highlighting the complex financial decisions many retirees face. The retiree shared that factors such as rising medical costs, unexpected expenses, and limited savings led to the early application for Social Security benefits. This experience shed …

Social Security Disability Benefits Arriving in Days: Check Your Eligibility Today!

Chicago, IL – Social Security beneficiaries in the United States can anticipate a new wave of Disability Benefits arriving in the coming days. These benefits, which are akin to retirement payments, cater to different groups of retirees based on specific criteria. While some may assume that Disability benefits are distinct from retirement payments, they ultimately fall under the Social Security retirement umbrella. As beneficiaries meet the necessary requirements, they can expect to receive their next …