Key Takeaways: Selling a primary residence may not affect Social Security benefits, as the proceeds from the sale are not counted as income or resources for determining eligibility or benefit amount. Selling a secondary residence, such as a vacation home or rental property, may impact Social Security benefits if the capital gains from the sale…
Key Takeaway: Social Security benefits may be subject to taxation: Depending on your provisional income, a portion of your Social Security benefits may be subject to taxation at the federal level. Provisional income determines taxability: Provisional income is calculated by taking your gross income and adding your Social Security benefits. If the resulting amount is…
Key Takeaways: Medicare Savings Programs can provide financial assistance to individuals who are eligible based on their income level. These programs can help cover Medicare premiums, deductibles, and coinsurance costs. Medicaid can also assist with Medicare expenses for individuals who meet eligibility requirements set by both programs. Medicaid may cover some costs that Medicare does…
Key Takeaway: Social Security Disability benefits are available to individuals who have a qualifying medical condition and meet specific eligibility requirements. A kidney transplant may affect Social Security Disability benefits, depending on the recipient’s ability to work and earn a substantial gainful activity (SGA). The duration of Social Security Disability benefits after a kidney transplant…
Key Takeaway: Social security workers may exhibit rudeness due to high stress levels, understaffing, repetitive and monotonous work, dealing with difficult cases, strict regulations and rules, and lack of training and support. Understanding the underlying reasons can help mitigate the negative impact on customer experience and employee satisfaction. Rudeness from social security workers can lead…
Key Takeaway: Social Security is for eligible individuals who have attained the age requirement or have a qualifying disability, as well as for survivors of deceased individuals who were receiving or eligible for Social Security benefits. Age requirements for Social Security depend on your birth year, ranging from 62 to 67 years old, with higher…
Key Takeaway: The Social Security Flex Card is a debit card that is offered to Social Security beneficiaries in the US, providing a more convenient way to access their funds than traditional paper checks. The Flex Card reduces the risk of identity theft and fraud, as beneficiaries no longer need to receive and deposit paper…
Key Takeaway: Eligibility for Social Security Disability requires that the individual has a severe impairment that is expected to last at least 12 months or result in death. The medical qualifications for Social Security Disability require that the applicant’s disability prevents them from engaging in any substantial gainful activity and significantly limits their ability to…
Key Takeaway: Ticketmaster asks for your Social Security Number (SSN) to help verify your identity and prevent fraud when buying tickets. This is necessary because many events have restrictions on who can buy tickets, and Ticketmaster needs to ensure that the buyer meets these requirements. Ticketmaster’s main uses of SSN include verifying identity, processing payments,…
Key Takeaway: Going into a nursing home does not necessarily mean losing Social Security Benefits. Eligibility for benefits is determined by the amount of money paid into Social Security, and people who have paid in enough can continue to receive benefits even while residing in a nursing home. Medicaid and Social Security Benefits are also…
Key Takeaway: Long-term concern about the social security trust fund is due to demographic changes and increased benefits: As the population ages, there are fewer workers contributing to the fund, while the number of retirees drawing benefits continues to rise. This demographic shift, combined with increased benefits, creates a funding shortfall that, if left unaddressed,…
Key Takeaway: Social Security processing time can vary: The length of time it takes to receive Social Security benefits depends on multiple factors such as the type of benefit, complexity of the claim, and current workload of the Social Security Administration. As such, there is no set timeframe for processing Social Security claims. Factors that…