$4,567 SOCIAL SECURITY PAYMENT! SSI SSDI, $800 Fourth Stimulus Package Update, COLA Increase, Daily News Bites
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If you receive Social Security benefits, you may be excited to hear that your next payment could be $4,567! This is fantastic news for anyone on Social Security, but some people may be wondering why their payment has suddenly increased so much. In this article, we’ll take a closer look at what’s going on with Social Security payments, including information on SSI SSDI, the $800 Fourth Stimulus Package Update, and the COLA Increase.
First, let’s look at the $4,567 payment. This is not a mistake – some Social Security recipients will receive a sizable payment due to a special rule called “the hold harmless” provision. This provision protects people who receive Social Security from losing money due to inflation and rising healthcare costs. In other words, if healthcare costs or inflation rise faster than expected, Social Security payments can’t go down because of the hold harmless provision. Since healthcare costs have risen significantly over the past year, some Social Security beneficiaries will be receiving larger payments to account for the increased expenses.
Now let’s talk about SSI SSDI. SSI (Supplemental Security Income) is a program designed to help people with low incomes who have disabilities or are 65 and older. SSDI (Social Security Disability Insurance) is a program that provides benefits to people who become disabled before retirement age. While these programs are separate from regular Social Security payments, they are also experiencing some changes this year.
For SSI recipients, the maximum monthly payment has increased from $794 to $843 in 2022. For SSDI recipients, there is a small increase in monthly benefits due to the COLA (Cost-of-Living Adjustment) increase, which we’ll discuss more in a moment.
Now let’s move on to the $800 Fourth Stimulus Package Update. While this package has not yet been approved by Congress, there is a possibility that it could go into effect later this year. If it does, Social Security beneficiaries would be eligible to receive the $800 payment. This is great news for anyone who needs extra financial assistance due to the ongoing pandemic.
Finally, let’s talk about the COLA Increase. Each year, Social Security payments increase slightly to account for inflation. This year, the COLA increase is 5.9%, which is the largest increase in over four decades. While this may not sound like a lot, it can make a big difference for people on a fixed income.
In conclusion, there is a lot happening with Social Security payments this year! If you receive Social Security, SSI, or SSDI, make sure to keep an eye on your payments to see if they’ve increased. Between the hold harmless provision, the COLA increase, and the possibility of the Fourth Stimulus Package, there is a lot of financial assistance available to those who need it.
Peoples please don’t get you hopes up because they are not going to raise those benefits. These peoples are lying to y’all . Don’t fall for the okey-doke.
See SSI SSDI not SS
Hello trail ..Great show..a lot. Of informations.. I cant believe how many time this very good president and Congress has heard the people telll them that t hey are wayyyy to slow when it comes to helping American citizens our seniors who have payed taxes all their lives and now can not get that 4th stemulus checks that was the campaign promise …and permit manchian and cinnama and republican s senate t o manipulate the president with deception and false promises to cooperate ..seniors and social security recipients will not be covered for dental or most of stemulus benefits because passing bills are only helping the rich and those who have money all ready they keep giving money and tax breaks to them over and over . When will they stop to help those they have iqnores for close to 50 years …making the rich richer .and paying their homes off and their child's student loans and every child cares and anyone who are not Americans ..who help build america. and workers and ukrainians but iqnore social security seniors who payed taxes all their live ..the most vunerable to the pandemics and scams and government officials who force the president and Congress to trittle down to no help for seniors and social security ..then wander way their popularity has dropped so low on these government officials giving so much power to help seniors and social security on their campaign promises…???????
I hear a lot about the money.to me it seem like that it is just all talk &no action.&does it include ssa.we all could use the money .
What about the marriage penalty
Sending other countries money needs to stop when America's economy is not in good standing. Also, people entering the country illegally should not continue. This is a crisis! Security is a major concern.
Yes am on sis how can we save money we ain't got nothing to safe wants we pay are bills
They need to reform SSI, with spouse income they say over payment. Then they cut you down to nothing and we struggle two week to two weeks. We have inherited a home ok the gas for cooking heat and waterhearter we had to pay there bill that was here well they have been taking 299.00 a month I can't even pay other bill
no money is not on the way he is lied to us there all piece of shit we need the money but there send or money to UK amd that not right we paid texts all or life amd we get shit we need a president will be there for the American people amd Joe biden is not helping us he don't care if we have a place to live or eat he lives in a big house way we in a tent he need to do something.. Donald Trump will be a president in 2024 i hope.
Nothing but lies lies lies lies from president Biden and Joe manchin and the congressman and the republicans vote them out of power know people and start a petition against them to get them out of power know people
They need update Social Security and improve it!!! It taking them forever to do something
How will that affect your benefits?
The Social Security trust fund would not be in danger if the government just repay the money they continually have taken out and transferred to the general fund starting in the 1950's
55 years paying Social Security, 65 years paying US Income Tax. 32 years in the US Army. And still I pay more than 6 times as much in US Income Tax as I receive in SS Full Retirement. Some on SSi and SSDI never paid SS or Income Tax, the get what they do from parents. Many had girlfriens and boyfriends on SSI and SSDI with 5 or six children on it as well.
Believe me folds. There will be no Stimulus money until the Department of Treasury, CHH, ABC, CBS and NBC announce it. Not a cent until then. So forget what others say, it's not happening!
Could receive, but won't.
The seniors get nothing
See it says SSI (worked some )and SSDI ( disability) does Not say ss (worked)
Hey Trell
Everyone should get
I thought spouse benefit if your spouse had die.
I'm claiming it in the mighty name of Jesus Christ for Missouri and Kansas
Show us the money!!
When we all see the changes we will let you know
Lies lies and more lives
THANK FOR MORE MONEY
This is just another lie by Congress. How many times have we heard new plans. One year ? 8 to 14 months. I've sad it before many times that when we get close to election. My God we need to start over in elections. All over. Senior Demo's and Republicans it's time to vote for new senators and Congress. Lol. Congress members was given a raise . Haha they need it more than we seniors Republicans and Democrats. This is just another lie
Why U Keep Feeding B.S. to The American People! That Government is Not Giving Out Shit!… All That Other Free $$$ is B.S. Propaganda! The Corrupted Political Politicians r Liar's n Thief's! Its A BlaBlahBlah Bills n Bills n Nothing But Its Easy for Them to Get a $2,000 Monthly Race n to Get $$$33 Millions or Billions for Ukrain! Fogget That is Our Tax$$$…for The American People its Not for Them To Steal n to Give it Away nor Misused it On B.S….The American People r in Need n This Hypocrites r Leaving America Behind! It Seems to Me U r A Propagandists for This ANTI-AMERICA Marxist-Leninist Oligarchy! Or a Fool That Believe All of Their Lies!….MM
Heyy how's everything I hope we get something it been hard streching every penny and trying to pay bills and all on a daily
Love the shirt. My favorite color. God bless you. Keep up the good work.