[NFBMO] Social Security /Medicare changes for 2023

[Fred Olver]

Good afternoon Sara if you look closely at the message which Jeanne sent it states that SGA for blind recipients goes from $2260 per month up to $2460 per month. Fred Olver

Sent from my iPhone

> On Oct 13, 2022, at 3:28 PM, Julie Dawson via NFBMO <nfbmo at nfbnet.org> wrote:
> 
> 
> This is very pertinent information. Thank you for distributing it.
> ----- Original Message -----
> From: Sarah Calhoun via NFBMO
> To: 'NFB of Missouri Mailing List'
> Cc: Sarah Calhoun
> Sent: Thursday, October 13, 2022 3:15 PM
> Subject: Re: [NFBMO] Social Security /Medicare changes for 2023
> 
> Hello Eugene,
>  
> This might be a dumb question, but what is SGA for blind recipients? Thank you so much!
>  
> Kind regards,
> Sarah
>  
>  
> From: NFBMO <nfbmo-bounces at nfbnet.org> On Behalf Of Eugene Coulter via NFBMO
> Sent: Thursday, October 13, 2022 2:01 PM
> To: 'NFB of Missouri Mailing List' <nfbmo at nfbnet.org>
> Cc: mizzoufan1979 at gmail.com
> Subject: [NFBMO] Social Security /Medicare changes for 2023
>  
> The centers for Medicare and Medicaid services and Social Security have released updates for 2023.
> Good news for the first time in ten years there will not be an increase in the standard Medicare premium, in fact it will decrease.
> Currently the premium is $170.10 in 2023 it will go down to $164.90 or a decrease  of $5.20.
> Also, for those paying for  prescription  drug, Part D, in most cases the premium will also likely decrease
> Social Security checks will increase by 8.7%.
> SSI for individuals will go from $841 to $914 and couples from$1,261 up to $1,371.
> SGA for blind recipients will go from $2,260 to $2,460 a month.
> For non-blind SGA will go from $1,350 to $1,470.
> Trial work period month will be counted for earnings exceeding 1,050.
> The only negative news for most of us is that to earn a quarter  of coverage toward being eligible for Disabillty benefits in 2023 you need to earn $16,640 which is up from $1,510.
>  
> If you want to figure your 2023 check amount follow the steps below.
> Note: due to Social Security rounding rules the amount you calculate maybe a couple of dollars different than what you figure.
> Add your current check amount together with the current Medicare premium of $170.10
> Then multiply that figure by 1.087
> Next, subtract the new Medicare premium of $164.90
> Finally discard any cents and you have a reasonable estimate of your new amount.
> Here is an example.
> Betty Lou’s 2022 check is $1,201
> Add her premium of $170.10 getting 1,371.10
> Multiply $1,371.10 by 1.087 to get $1,490.38
> From 1,490.38 subtract $164.90 giving a result of $1,325.48Discarding the pennies gives Betty Lou an estimated check of $1,325.00
>  
> Hope this is informative
>  
> _______________________________________________
> NFBMO mailing list
> NFBMO at nfbnet.org
> http://nfbnet.org/mailman/listinfo/nfbmo_nfbnet.org
> To unsubscribe, change your list options or get your account info for NFBMO:
> http://nfbnet.org/mailman/options/nfbmo_nfbnet.org/julie.magnolia62%40gmail.com
> _______________________________________________
> NFBMO mailing list
> NFBMO at nfbnet.org
> http://nfbnet.org/mailman/listinfo/nfbmo_nfbnet.org
> To unsubscribe, change your list options or get your account info for NFBMO:
> http://nfbnet.org/mailman/options/nfbmo_nfbnet.org/fredolver%40gmail.com
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://nfbnet.org/pipermail/nfbmo_nfbnet.org/attachments/20221013/a6092eee/attachment.html>