SS beneficiaries may be in line for a surprise stimulus check package’ while a fourth stimulus check does not appear likely.
Upcoming Stimulus Checks
SS beneficiaries may be in line for a surprise stimulus check package’ while a fourth stimulus check does not appear likely. During the COVID-19, the government sent our three rounds of stimulus checks to citizens in the United States, as the government sought to provide financial support amid rising inflation and job uncertainty. While a fourth stimulus check does not appear likely,
According to Marca Lifestyle, the US is facing an increased danger of economic troubles as a result of a sharp spike in COVID-19 infections as a result of the Omicron variation, therefore stimulation checks for the elderly have become a vital next step.
Since the beginning of 2022, the Senior Citizens League (TSCL) has been lobbying Congress for another $1,400 one-time SS Stimulus payment for seniors2. This is in response to the current ambiguity in the United States, which rise as a result of the rise in COVID-19 infections since the introduction of the Omicron form.
Also read: $1,657 Social Security To Be Distributed This Week
How is the Inflation Rate already Biting SS beneficiaries?
The Medicare Part B premium, which deducts from a Social Security beneficiary’ check each month, has increased by 14.5 percent, according to the Center on Medicare and Medicaid. The price only grows by 2% from 2020 to 2021, demonstrating the impact of inflation on the healthcare sector.
In the latest news of AS, Mary Johnson, a SS and Medicare policy analyst said that the Part B increase from $148.50 to $170.10 per month is the highest since 2016. It will also consume the entire annual COLA of Social Security recipients with the very lowest benefits, of about $365 per month.
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