SS Trustees '32 CBO 7% cuts; Chevron ends SSA deference
Key Questions
What cuts are projected for Social Security in 2032?
OASI trust fund depletion could trigger 7% across-the-board benefit cuts by 2032 per CBO projections. COLA increases of 2.8% are already trailing inflation.
What are the 2026 Social Security payment amounts and schedules?
Typical payments in May/June reach $994, with earnings tests at $24,000/$65,000. Overpayments may trigger $7,000+ clawbacks.
How will the new SSI household rule affect disabled recipients?
Nearly 400,000 disabled people face potential SSI cuts under the proposed household rule change. The rule alters how income and resources are counted.
What are the updated Medicare Part A and Part B costs?
Part A deductible rises to $1,736 while Part B premiums are increasing. Nursing facility coinsurance also climbs to $217 per day.
How many people may leave Medicare Advantage plans in 2027?
Projections show 3 million disenrollments from MA plans in 2027 due to cuts and changes. This marks the first decline since 2010.
What earnings test rules apply to working Social Security recipients?
Retirees face $24,000 and $65,000 annual earnings test limits in 2026. Benefits may be reduced if limits are exceeded.
Are there new rules for Social Security overpayments?
Updated 2026 rules clarify how overpayments are recovered, including potential loss of checks. Seniors should review notices carefully to avoid penalties.
What back payments have some retirees received?
Some retirees have received $30,000 to $50,000+ in retroactive lump sums. These payments can trigger higher taxes or benefit adjustments.
OASI'32 7% cuts; COLA2.8% trails inflation; May/June $994 payments; $7k+ clawbacks; $24k/$65k earnings test; 400k disabled face SSI household rule cuts; Part A $1736 ded/Part B spikes; MA2027 3M disenroll.