ICHRA: A New Solution for Employer Health Benefits Coverage Gap

Austin, Texas – Business owners are increasingly exploring new options to provide health benefits to employees as the landscape of employer-provided health insurance benefits continues to evolve. According to a recent nationwide survey conducted by Gravie and Wakefield Research, there is a growing interest in the individual coverage healthcare reimbursement arrangement (ICHRA) as a potential solution. The survey revealed that 83% of firms with 10 to 199 employees offer health benefits to some of their …

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Retirement Planning: Understanding the Impact on Spousal Benefits

Maryville, Missouri – As couples plan for retirement, it’s essential to consider how this milestone will impact both spouses. And for those relying on Social Security benefits, understanding the rules and options for spousal benefits is crucial. When it comes to Social Security, a spouse can receive up to 50 percent of their partner’s full retirement age benefit amount if they wait until full retirement age to claim it. However, it’s important to note that …

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SSI Recipients to Receive Boost in Social Security Benefits with New Rule Implementation

Washington, D.C. – The Social Security Administration has recently announced significant changes to the Supplemental Security Income program, impacting seniors and individuals with disabilities who rely on Social Security benefits. These changes, set to take effect in the near future, aim to ensure that financial aid payments remain unaffected by food aid payments for specific beneficiaries. The modifications will specifically apply to Supplemental Security Income recipients, distinguishing this program from others under Social Security such …

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500000 Britons Urged to Take Action to Prevent Loss of Benefits Entitlement

London, England – The Department for Work and Pensions (DWP) has issued a crucial warning to approximately 500,000 Britons regarding their benefits entitlement. Recipients of specific letters from the DWP have been advised to swiftly respond and take necessary action, or else they risk losing their benefits. The correspondence sent out by the DWP has urged individuals to engage promptly to ensure they maintain their entitlement to benefits. Failure to act on these letters could …

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Seniors Push for Enhanced Social Security Benefits Through New Legislation

Philadelphia, Pennsylvania—Seniors across the United States are facing financial challenges as their Social Security benefits fail to keep pace with rising costs. A recent analysis revealed that retirees have seen a significant decrease in purchasing power over the past two decades, with a 36 percent loss in 2023 alone, marking one of the biggest drops since 2000. As expenses like healthcare continue to increase, many seniors are struggling to make ends meet with inadequate benefits. …

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Social Security: Access Benefits and Services Online in 2024

IRONTON, Ohio – With more than 71 million people benefiting from Social Security programs, it is crucial to ensure that accessing critical benefits and services is as seamless as possible. As we embrace the new year, there is an opportunity for individuals to engage with Social Security online, starting with the creation of a free and secure personal my Social Security account at www.ssa.gov/myaccount. Through this online platform, individuals can take various actions such as …

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Disability Benefits: April Payments for SSDI Recipients Arriving Soon

Los Angeles, CA – SSDI recipients are set to receive another round of disability benefits this week, totaling more than $2,000. These payments are crucial for those who rely on Social Security Disability Insurance to support themselves due to major and irreversible disabilities. With 7.6 million recipients, including 90,000 spouses and 1.1 million children, this program plays a significant role in providing financial stability to those in need. Funded mainly by the Social Security payroll …

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Children’s Security Law Passes in Missouri Senate to Safeguard Foster Youth Social Security Benefits

Jefferson City, Missouri – The Missouri Senate made a significant move on Friday by passing a bill aimed at ending the state’s practice of seizing Social Security benefits from foster children. This legislation, sponsored by Republican state Representative Hannah Kelly and state Senator Holly Thompson Rehder, seeks to redirect these funds to address the specific needs of vulnerable youths in the foster care system. Over the past five years, Missouri has withheld approximately $28.2 million …

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Social Security Benefits Formula Revealed: What You Need to Know Before Claiming at Age 62

Chicago, Illinois – Many Americans approaching retirement age may not fully understand their eligibility for Social Security benefits at age 62. It’s important for people to realize the factors that determine the benefits they can expect once they reach retirement age. The Social Security Administration uses a formula based on a person’s 35 highest-paid years of work to calculate their primary insurance amount (PIA). This amount is the benefit a worker will receive if they …

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Retirement Benefits Trap: US Government’s Discriminatory Rule Penalizes Working Seniors

Los Angeles, California – Many American workers approaching the age of 62 may be unaware of the complexities and restrictions surrounding their eligibility for Social Security retirement benefits. While the Social Security system promises financial support to those who have paid into it for at least ten years, certain regulations can limit the ability to receive these benefits if not followed precisely. For individuals under the full retirement age of 67, the government imposes strict …

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