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<p class="MsoNormal">Hello, Gene:<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Can you clarify one thing. Is the amount to earn a credit $1640? You have it as $16,640.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">From the message below:<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">“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.”<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Regards,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Daniel<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><b>From:</b> NFBMO <nfbmo-bounces@nfbnet.org> <b>On Behalf Of
</b>Eugene Coulter via NFBMO<br>
<b>Sent:</b> Thursday, October 13, 2022 2:01 PM<br>
<b>To:</b> 'NFB of Missouri Mailing List' <nfbmo@nfbnet.org><br>
<b>Cc:</b> mizzoufan1979@gmail.com<br>
<b>Subject:</b> [NFBMO] Social Security /Medicare changes for 2023<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">The centers for Medicare and Medicaid services and Social Security have released updates for 2023.<o:p></o:p></p>
<p class="MsoNormal">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.<o:p></o:p></p>
<p class="MsoNormal">Currently the premium is $170.10 in 2023 it will go down to $164.90 or a decrease of $5.20.<o:p></o:p></p>
<p class="MsoNormal">Also, for those paying for prescription drug, Part D, in most cases the premium will also likely decrease
<o:p></o:p></p>
<p class="MsoNormal">Social Security checks will increase by 8.7%.<o:p></o:p></p>
<p class="MsoNormal">SSI for individuals will go from $841 to $914 and couples from$1,261 up to $1,371.<o:p></o:p></p>
<p class="MsoNormal">SGA for blind recipients will go from $2,260 to $2,460 a month.<o:p></o:p></p>
<p class="MsoNormal">For non-blind SGA will go from $1,350 to $1,470.<o:p></o:p></p>
<p class="MsoNormal">Trial work period month will be counted for earnings exceeding 1,050.<o:p></o:p></p>
<p class="MsoNormal">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.
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">If you want to figure your 2023 check amount follow the steps below.<o:p></o:p></p>
<p class="MsoNormal">Note: due to Social Security rounding rules the amount you calculate maybe a couple of dollars different than what you figure.<o:p></o:p></p>
<p class="MsoNormal">Add your current check amount together with the current Medicare premium of $170.10<o:p></o:p></p>
<p class="MsoNormal">Then multiply that figure by 1.087<o:p></o:p></p>
<p class="MsoNormal">Next, subtract the new Medicare premium of $164.90 <o:p></o:p></p>
<p class="MsoNormal">Finally discard any cents and you have a reasonable estimate of your new amount.<o:p></o:p></p>
<p class="MsoNormal">Here is an example.<o:p></o:p></p>
<p class="MsoNormal">Betty Lou’s 2022 check is $1,201 <o:p></o:p></p>
<p class="MsoNormal">Add her premium of $170.10 getting 1,371.10<o:p></o:p></p>
<p class="MsoNormal">Multiply $1,371.10 by 1.087 to get $1,490.38<o:p></o:p></p>
<p class="MsoNormal">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<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Hope this is informative<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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