Social Security Fairness Act: What It Means for You
January 21, 2025
POSTED IN: General Info TAGS: Social Security
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On January 5, 2025, President Biden signed the Social Security Fairness Act into law.This major change could positively impact the incomes of 2-3 million seniors across the United States, including retired teachers, nurses, and government employees.What Does the Act Do?The Act officially repeals two provisions that reduced Social Security benefits for certain retirees:Windfall Elimination Provision (WEP): Reduced Social Security benefits for retirees who also received public sector pensions, such as state or federal employees.Government Pension Offset (GPO): Reduced benefits for the spouses, widows, or widowers of retired government employees.How Much More Will You Receive?If you were previously affected by WEP or GPO, you can expect an average increase of $360 per month in your Social Security benefits.Additionally, Social Security will issue lump-sum back payments for the entire year of 2024some retirees could receive over $4,000 in back pay!Important Considerations for Public BenefitsWhile this is excellent news for many seniors, the changes could affect eligibility for public benefits, such as Medicaid.
Heres how:Lump-Sum Payments:If not spent in the month received, these payments might count as a resource and could temporarily make you ineligible for Medicaid.Monthly Benefit Increases:If the increase pushes your income above Medicaids monthly cap of $2,901, you may lose eligibility unless you set up a Qualified Income Trust (QIT).Its essential to establish and properly manage a QIT to maintain benefits.Have more questions?If you have questions about how the Social Security Fairness Act could affect you or your loved ones, our team at Hurley Elder Care Law is here to help.Contact us at 404-843-0121 for guidance on protecting your Medicaid benefits and navigating these changes.
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Posted in General InfoTags: Social Security
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I am so very pleased with the result.I have a much improved understanding of the complexity of this process, the necessary documents, timing, regulations and the need for professional guidance.Gina M.Superb service through a difficult maze of governmental regulations and requirements which are not navigable by an individual without a depth of knowledge that far exceeds mine.Wallace M.It's impossible to accurately describe the lost feeling of realizing you need power of attorney, updated will and general guidance all of a sudden when dealing with a parent with dementia.The firms responsiveness has been superb, their work flawless and their advice kind, compassionate and professional.
I'll forever know that their guidance prevented us from making many bad decisions.Neal R.Hurley Elder Care Law went to work for my Mother and navigated all of the Government red tape and got her approved for Medicaid in short order.I, as her POA, could not even begin to climb the mountain of paperwork on my own.David Q.Very comfortable atmosphere.They treat you like you are one of the family.Val B.
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Nola Hurley is an incredible face to the group and their team of attorneys are some of the most knowledgeable professionals who have thought through some life affairs that catches many off guard.I plan to use their services for family and professional referrals.read moreread less Sosena Kebede 11/11/2024 I couldnt have had a more pleasant experience when trying to navigate a situation that I wasnt prepared for.Hurley Elder Care Law as a whole and the many people who assisted me were so kind, considerate and helpful every step of the process I was going through.
I personally would like to thank Megan, Paul, Jennifer and especially Kiersten for helping me, keeping me on track and keeping me informed all the way through.I am very grateful.Anyone is in need of a friendly and super law firm.
I Highly recommended Hurley Elder Care Lawread moreread less Jim Anders 10/02/2024 I have had the privilege to work with Hurley Elder Care at a time in my life when I thought my world would crumble dealing with a difficult situation with my elderly parents.I cannot say enough nice things about the staff (specifically Kaila and Nicole).These two kept me calm and answered all of my questions quickly.
The dust has finally settled and I am beyond thankful for Mr.Hurley and his above and beyond staff!! I HIGHLY recommend this law firm for your elderly needs!!read moreread less Marci Ray 9/27/2024 During my wife's illness and eventual passing.I can't express the professionalism and compassion I recieved from this law group.
They were and are friends who I'll never forget.read moreread less Richard Nicholson 8/15/2024 Highly recommend Hurley Law.Everyone was so helpful.Kelsie helped me through an extremely tough time with my Mom.
Kelsie, Andrew and all of the staff got back to me quickly and walked me though everything.Thank you so much!!!!read moreread less Tricia Woodward 8/15/2024 The staff is very friendly and professional! The office is in a great location.Everything was explained thoroughly.
Great team of lawyers for your estate planningread moreread less denise bradley 8/07/2024 Wonderful law firm to work with.Everyone is so helpful and friendly.They take time to answer questions and listen to your needs but are extremely efficient in delivering the documents required.
Amazing experience all the way around!read moreread less David Dorsett 8/03/2024 Very knowledgeable and efficient! Smooth transaction handled professionally!read moreread less doris housley 7/17/2024 Caring professionals who have helped me feel much more secure about the future.read moreread less Jan Batson 7/16/2024 We had a great experience with Hurley Elder Law.They helped us put my parents wills, advanced directive and POA in order.They hold informative classes helping families to navigate all the new policies, laws and resources.
Highly recommend.read moreread less Lisa McIntyre 5/17/2024 We were pleased with the methodical, thorough approach Hurley used to update or wills and handle details of our estate planning.We highly recommend their services.read moreread less Don Barnett 5/17/2024 I needed to redraft my will, health care directive and power of attorney after my divorce and estrangement from a child.Needless to say, it was an emotionally delicate process but Jennifer was incredibly sympathetic and really knows her stuff! Shes uber-professional but personable and the entire revision process took a matter of several weeks and was fairly priced.
I love that the firm sends newsletters with articles that are of interest to those in the later stages of life and their loved ones who might be caring for them.Nobody enjoys thinking about their eventual demise but it must be done if you want to make it easier for those left behind.Highly recommend!read moreread less Karen Stearns 4/10/2024 Working with Jennifer and her team at Hurley was a great experience.
Communication is excellent and they were very professional and efficient throughout the entire process.Highly recommend them!read moreread less Harris Wattles 3/08/2024 Wish I could give 10 stars.We left the meeting knowing we had received excellent advice.
Advice was very clear and easy for my mother to understand.We feel so lucky to have found Hurley Elder Care Law.read moreread less Tammy Davis 2/04/2024 I went to Hurley to get help for my wife.Everyone involved in the process has been informative, attentive, and compassionate.
Hurley is definitely the place to go when you need help!read moreread less D Gooden 2/04/2024 I retained Hurley ECL in May of 2023 to work on behalf of my recently widowed mother.I cannot offer high enough praise for this outstanding firm.Their team approach is a model of efficiency, and efficacy.
The level of care they provide the client is unsurpassed in my experience.We were blessed to have been referred to them.read moreread less Louis Mura 12/23/2023
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