Benefits Archives - Page 3 of 27 - DR News

Social Security Trust Fund Running Out of Money, Putting Benefits at Risk

Washington, D.C. – The Social Security and Medicare programs are facing financial challenges that could impact millions of Americans who rely on them for retirement income. The latest reports from the trustees of these programs highlight a growing concern over the long-term sustainability of Social Security, with more funds projected to be going out than coming in. This has raised serious questions about the ability of the programs to meet their obligations in the future. …

Delaware Working Group Recommends Changes to State Retiree Healthcare Benefits, Including Medicare Advantage Plan Elimination

Dover, Delaware – The Retiree Healthcare Benefits Advisory Subcommittee has recommended that Delaware no longer consider a Medicare Advantage plan for state retiree healthcare benefits. The working group was established by the state’s General Assembly a year ago to address concerns about healthcare benefits for current and retired state workers and the growing unfunded liability for those benefits. This recommendation comes after a proposed transition to a Delaware-specific Medicare Advantage plan faced strong opposition from …

Social Security Benefits Face Uncertain Future with Lower Cost of Living Adjustment Forecast

Miami, Florida – Social Security beneficiaries in Miami, Florida, are bracing for a potential decrease in their Cost of Living Adjustment (COLA) next year. The adjustment, typically based on changes in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) during the third quarter, plays a crucial role in protecting the purchasing power of retirees against inflation. While the official COLA for 2025 has yet to be calculated by the Social Security …

Benefits: Debunking Common Misunderstandings for Women and Social Security

Dallas, TX – Many women often misunderstand the eligibility requirements for Social Security benefits. This lack of understanding can result in missed opportunities for financial support during retirement. It is crucial for women to have a clear understanding of Social Security benefits to ensure they can make informed decisions about their financial future. One common misunderstanding is related to the age at which women can start collecting Social Security benefits. Many women believe they have …

Disability Check May 8th: Maximum Benefits Increase for Social Security Retirees

Orlando, Florida – Social Security Disability recipients can take comfort in the annual increase in their benefits provided by the Cost of Living Adjustment (COLA). While the incremental rise may not make them wealthy, it does help mitigate the effects of inflation, ensuring a stable standard of living. Amidst discussions of the May 8th Disability payment, beneficiaries have noted a noticeable increase compared to the previous year. The maximum Disability benefit for May 2024 stands …

Security in Seniors: Biden and Trump Vow to Protect Benefits, but What’s the Financial Reality Ahead?

Washington D.C. – Both President Biden and former president Donald Trump have made a commitment to leave Social Security benefits untouched, a rare point of agreement between the two political figures. The popularity of the program among seniors, who are known for their high voter turnout, serves as a driving force behind this shared stance. Social Security plays a crucial role in income distribution, especially for lower earners who rely on it to prevent falling …

Social Security Benefits Face Looming Cut in 2035 Due to Trust Fund Shortfall, Experts Warn

Austin, Texas – A recent annual report from the Social Security trustees has revealed that without intervention from lawmakers, Americans’ Social Security benefits could face significant cuts in 2035. The report, released on Monday, pushed back the projected year of benefit slashes by one year compared to previous forecasts. It paints a concerning picture of the future of the program. The report highlights that the combined Social Security trust funds, crucial for supporting monthly payments …

Disability Benefits: Navigating Employment While Keeping Benefits

Des Moines, Iowa – Many individuals living with disabilities face a daunting decision when it comes to pursuing employment. The fear of losing their Social Security or healthcare benefits often holds them back from seeking work. However, there are ways for individuals to navigate this challenge successfully and find employment while still receiving the support they need. This initiative aims to assist residents of Iowa in understanding how their work earnings may impact their benefits. …

Fraud: Kansas Couple Concealed Dead Relative’s Body While Collecting $215K Retirement Benefits

Overland Park, Kansas – A couple from Overland Park, Kansas, has been accused of fraudulently obtaining more than $215,000 in retirement benefits on behalf of a deceased relative, all while concealing his body inside their home for six years. The deceased, Mike Carroll, was determined to have passed away in 2016 at the age of 81, based on data from his pacemaker. However, his body was not discovered by the police until 2022, when his …