Will There Be A 2013 COLA For SSI?

Q: Will there be a 2013 cost-of-living adjustment (COLA) for SSI? A: Yes. The October announcement about the 1.7 percent cost-of-living adjustment (COLA) for 2013 included both monthly Social Security and Supplemental Security Income (SSI) benefits. COLA changes will be in the Supplement Security Income payment received on December 31, 2012. COLA changes to Social Security…
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When Should You Complete Your Retirement Application?

Q: I am thinking about starting Social Security retirement in early 2013. If I do, when should I apply?  A: Apply now if you plan to start your Social Security in early 2013. You can apply for Social Security retirement benefits when you are at least 61 years and 9 months of age and want your benefits to start in…
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2013 Medicare Part B Premium Information

The Centers for Medicare and Medicaid Services (CMS) has announced that the standard 2013 Medicare Part B (Medical) premium will be $104.90 per month. Some people pay a higher premium. The Centers for Medicare & Medicaid Services is the agency in charge of the Medicare program, even though you apply for Medicare at Social Security.  More…
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The First (official) Social Security Number

Last week I mentioned that the first Social Security number (SSN) card was issued, sometime in mid-November 1936, to someone whose identity and SSN are unknown. In theory, the first card should have been issued on November 24, 1936, but the best that the Social Security Administration can say with certainty is that the first…
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Receiving Social Security? Work In 2011? Read This.

As recently as last week, several times I have mentioned that ongoing employment after retirement has the potential to increase your Social Security benefit.  To determine if payment amounts should increase, work records of everyone receiving Social Security benefits are automatically reviewed each year that new earnings are posted to their record.  To increase monthly…
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