[NFBMO] Social Security /Medicare changes for 2023

[Sarah Calhoun]

Thank you Brian. Yes, I am inquiring on what SBA means. 

 

Best,

Sarah

 

From: NFBMO <nfbmo-bounces at nfbnet.org> On Behalf Of Bryan Schulz via NFBMO
Sent: Thursday, October 13, 2022 4:05 PM
To: 'NFB of Missouri Mailing List' <nfbmo at nfbnet.org>
Cc: Bryan Schulz <b.schulz at sbcglobal.net>
Subject: Re: [NFBMO] Social Security /Medicare changes for 2023

 

Hi,

 

I’m sure she can read.

She was wanting an explanation of sga And I was leaving that for Gene!

Bryan

 

 

From: NFBMO <nfbmo-bounces at nfbnet.org <mailto:nfbmo-bounces at nfbnet.org> > On Behalf Of Fred Olver via NFBMO
Sent: Thursday, October 13, 2022 3:49 PM
To: NFB of Missouri Mailing List <nfbmo at nfbnet.org <mailto:nfbmo at nfbnet.org> >
Cc: Fred Olver <fredolver at gmail.com <mailto:fredolver at gmail.com> >
Subject: Re: [NFBMO] Social Security /Medicare changes for 2023

 

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 <mailto:nfbmo at nfbnet.org> > wrote:

 

This is very pertinent information. Thank you for distributing it.

----- Original Message ----- 

From: Sarah Calhoun via NFBMO <mailto:nfbmo at nfbnet.org>  

To: 'NFB of Missouri Mailing List' <mailto:nfbmo at nfbnet.org>  

Cc: Sarah Calhoun <mailto:sc-tico at att.net>  

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 <mailto: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 <mailto:nfbmo at nfbnet.org> >
Cc: mizzoufan1979 at gmail.com <mailto: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

 

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