November 10, 2015

CYBER MONDAY VALUE AT SOCIALSECURITY.GOV

Filed under: seniorlivingguide — seniorlivingguide @ 12:10 pm

eeeeBy Rodney V. Taylor
Social Security Regional Commissioner in Atlanta
With the holiday season in full swing, ailment you may find yourself exploring those tempting online shopping deals.

The day after Thanksgiving has nearly become a holiday of its own. “Black Friday” is the busiest shopping day of the year, with people lining up at midnight for deals as they begin the busy holiday shopping season. The Monday after that has become a virtual holiday, pun intended. “Cyber Monday” is the day Internet-savvy people search for deals, all online.

But, there’s more than one way to find value on the Internet. For example, Social Security offers many online services to the public — and they’re free and secure! Doing business online with Social Security will also save time. Now that’s an offer you can’t refuse!

Here are some of the most popular online services you’ll find at www.socialsecurity.gov. Each site is safe and secure.
1. The online Social Security Statement is a hot service that is a big hit with the millions of people who’ve used it since its launch. Your online Statement provides you with a record of your past earnings, and it uses those earnings along with projected earnings for future years to give you accurate estimates of future Social Security benefits. Open your personal my Social Security account to get your Statement today. Just go to www.socialsecurity.gov/myaccount/.

2. The Retirement Estimator is an easy way to get an instant, personalized estimate of your future Social Security benefits. Just enter some basic information and the Estimator will use information on your Social Security record, along with what you input, to give you a benefit estimate on the spot. You can even experiment with different scenarios, such as changing your future earnings and retirement date. Check it out in English at www.socialsecurity.gov/estimator or in Spanish at www.segurosocial.gov/calculador.

3. The online Retirement Application is the most convenient way to apply for Social Security retirement benefits. You can apply from the comfort of your home — it’s convenient and secure. In fact, you can apply online in as little as 15 minutes. In most cases, after your application is submitted electronically, you’re done. There are no forms to sign and, usually, no documentation is required. Social Security will process your application and contact you if any further information is needed. When you’re ready to retire, apply at www.socialsecurity.gov/applyonline.

4. Business Services Online is our one-stop shop for small business owners. The site allows organizations and authorized people to conduct business with and submit confidential information to Social Security. Employers can use it to file W-2s for their employees the fast, convenient, and paperless way — online. Visit Business Services Online at www.socialsecurity.gov/bso.
Social Security’s online services continually receive the highest ratings in both the public and private sectors. Each site uses the highest security to keep your information safe. We have one of the top-ranking websites for plain language, so you can easily understand the features you’re getting — no fine print to squint over.

Learn more about all you can do online at Social Security on Cyber Monday, or any day, at www.socialsecurity.gov/onlineservices.

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Law Does Not Provide for a Social Security Cost-of-Living Adjustment for 2016

Filed under: seniorlivingguide — seniorlivingguide @ 11:24 am

Courtesy of
Chris Jenkins, cialis Public Affairs Specialist
Social Security Administration

With consumer prices down over the past year, monthly Social Security and Supplemental Security Income (SSI) benefits for nearly 65 million Americans will not automatically increase in 2016.

The Social Security Act provides for an automatic increase in Social Security and SSI benefits if there is an increase in inflation as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). The period of consideration includes the third quarter of the last year a cost-of-living adjustment (COLA) was made to the third quarter of the current year. As determined by the Bureau of Labor Statistics, there was no increase in the CPI-W from the third quarter of 2014 to the third quarter of 2015. Therefore, under existing law, there can be no COLA in 2016.

Other adjustments that would normally take effect based on changes in the national average wage index also will not take effect in January 2016. Since there is no COLA, the statute also prohibits a change in the maximum amount of earnings subject to the Social Security tax, as well as the retirement earnings test exempt amounts. These amounts will remain unchanged in 2016. The attached fact sheet provides more information on 2016 Social Security and SSI changes.

The Department of Health and Human Services has not yet announced Medicare premium changes for 2016. Should there be an increase in the Medicare Part B premium, the law contains a “hold harmless” provision that protects approximately 70 percent of Social Security beneficiaries from paying a higher Part B premium, in order to avoid reducing their net Social Security benefit. Those not protected include higher income beneficiaries subject to an income-adjusted Part B premium and beneficiaries newly entitled to Part B in 2016. In addition, beneficiaries who have their Medicare Part B premiums paid by state medical assistance programs will see no change in their Social Security benefit. The state will be required to pay any Medicare Part B premium increase.

Information about Medicare changes for 2016, when available, will be found at www.medicare.gov.

For additional information, please go to www.socialsecurity.gov/cola.

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