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Old 08-20-2014, 10:21 AM
 
3,175 posts, read 3,399,220 times
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If you collect a small Social Security check, they will deduct that when your employer goes out of business.
I worked at the same place for 16 years, my employer paid for me for 16 years.
Guess what I will receive weekly? $10.00.

All because I have a $650 SS check, out of this they take $105 for medicare but you still can't go to the DR because of high deductible and 20% payment.

Out of all the states Illinois and Louisiana are the only ones who do this.
All other states give the people the unemployment they deserve.
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Old 08-20-2014, 03:52 PM
 
Location: Not where you ever lived
11,543 posts, read 28,364,131 times
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If you live in Illinois you ae eligible for Link and Medicade which takes care of the office call and some other stuff. If you continue to work you can only earn X dollars maximum per year. SS takes back $2 for every $1 you earn over the maximum amount allowed. You do not generally get Medicare A and B until you're 65. The $650 is AFTER the deductible is taken rather than $650 minus the deductible.

If you own a home in Illinos there are deductions for age, owner occupancy, military service, and more..
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Old 08-21-2014, 04:19 PM
 
Location: Not where you ever lived
11,543 posts, read 28,364,131 times
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Let me clarify. In Illinois seniors who qualify financially are eligible to receive certain tax deductions for age, military service, health related issues, and more. The caveat is you must have a current house appraisal before you apply. The appraisal cannot be more than 90 days old. All of the this information is at the tax office where you PAY your taxes. I believe even if your tax is included in the mortgage payment you can still apply for the deductions. And if your house lost valuation due to the market crash you can apply for that too.

Last edited by linicx; 08-21-2014 at 04:34 PM..
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Old 08-21-2014, 06:13 PM
 
Location: home state of Myrtle Beach!
6,615 posts, read 21,094,623 times
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This is an unemployment issue not a property tax issue. You might do better to post this in the Unemployment forum. I know for a fact there are others from Illinois collecting Social Security that frequent the forum. You might learn something OP. If SS is only giving you $650/month, something doesn't seem right.

Here is a link to the forum:

//www.city-data.com/forum/unemployment/
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Old 08-22-2014, 01:18 AM
 
Location: Not where you ever lived
11,543 posts, read 28,364,131 times
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He did no say he was actively seeking a job. I addressed SS benefits. If he owns a home, as far as I know, if he is 65 or over, and if he qualifies financially, he can get a reduction in property taxes whether he is works or not. I do not believe working will change the amount of his SS check.

Your SS benefits are explained yearly in an AWARD letter sent in December to every one who receives SS. Plus at his level of income he should be able to receive Medicaid and a Link card. As to working, after a certain age the SS recipient will receive notice they can earn any amount without the 2/1 repayment deduction.

I know nothing about unemployment benefits for those who receive SS benefits. The state legislature probably thinks the $755 plus $107 unemployment benefits is adequate. $757 doesn't go far in Chicago, that's for sure.
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Old 08-24-2014, 07:26 AM
 
219 posts, read 340,288 times
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Quote:
Originally Posted by myrc60 View Post
This is an unemployment issue not a property tax issue. You might do better to post this in the Unemployment forum. I know for a fact there are others from Illinois collecting Social Security that frequent the forum. You might learn something OP. If SS is only giving you $650/month, something doesn't seem right.

Here is a link to the forum:

//www.city-data.com/forum/unemployment/
Benefit amounts are calculated by the highest 35 years of earnings. If the earnings were low, then the payment is not incorrect. Based on the OP income, IF this is the only true income, this person will likely be eligible for the State of Illinois to pay the $104.90 Medicare premium. OP would apply for that with his/her local Department of Human Services. It takes about 3 months to begin, after approval and premiums MAY be refunded retroactively up to 3 months.

Unemployment is an entirely different animal. I do know that if a person is laid off, collects u/e and begins working again at a lesser rate, u/e pays some benefit, but not as much as the person is not working. It is possible the same applies here, as to draw u/e you are supposed to be "actively seeking" work.
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Old 08-24-2014, 08:32 AM
 
Location: home state of Myrtle Beach!
6,615 posts, read 21,094,623 times
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Quote:
Originally Posted by linicx View Post
He did no say he was actively seeking a job. I addressed SS benefits. If he owns a home, as far as I know, if he is 65 or over, and if he qualifies financially, he can get a reduction in property taxes whether he is works or not. I do not believe working will change the amount of his SS check.

Your SS benefits are explained yearly in an AWARD letter sent in December to every one who receives SS. Plus at his level of income he should be able to receive Medicaid and a Link card. As to working, after a certain age the SS recipient will receive notice they can earn any amount without the 2/1 repayment deduction.

I know nothing about unemployment benefits for those who receive SS benefits. The state legislature probably thinks the $755 plus $107 unemployment benefits is adequate. $757 doesn't go far in Chicago, that's for sure.
No, you are right, he did not say he was actively seeking work, however, if he is collecting unemployment (even at $10/wk) he is telling the State that he is actively seeking work and therefore I assumed he is seeking work! It's not the SS benefits I have issue with (I think OP would agree), it is the UE benefits and why I suggested he go to the Unemployment forum for help. There are experts there that can help him determine if something is wrong with his UE claim, provided he provides the correct information.

linicx, my husband receives Social Security Disability pre-age-65. I fully understand all the benefits you have explained but it is possible OP doesn't. Those receiving SS can earn wages to a specific amount before SS benefits are reduced. I don't know what the amount is as there is no possibility hubby will ever work again.
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Old 08-24-2014, 08:47 AM
 
Location: Not where you ever lived
11,543 posts, read 28,364,131 times
Reputation: 6381
If I remember correctly, the first Award Letter that notifies the individual the month when the first benefit will be received, also contains information about earned income and the 2/1 benefit reduction. I retired at 62 and received that information. It may not apply to those who retire at 65 or older.

Quote:
Originally Posted by myrc60 View Post
No, you are right, he did not say he was actively seeking work, however, if he is collecting unemployment (even at $10/wk) he is telling the State that he is actively seeking work and therefore I assumed he is seeking work! It's not the SS benefits I have issue with (I think OP would agree), it is the UE benefits and why I suggested he go to the Unemployment forum for help. There are experts there that can help him determine if something is wrong with his UE claim, provided he provides the correct information.

linicx, my husband receives Social Security Disability pre-age-65. I fully understand all the benefits you have explained but it is possible OP doesn't. Those receiving SS can earn wages to a specific amount before SS benefits are reduced. I don't know what the amount is as there is no possibility hubby will ever work again.

Last edited by linicx; 08-24-2014 at 09:02 AM..
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Old 08-30-2014, 10:40 PM
 
219 posts, read 340,288 times
Reputation: 173
Quote:
Originally Posted by myrc60 View Post
No, you are right, he did not say he was actively seeking work, however, if he is collecting unemployment (even at $10/wk) he is telling the State that he is actively seeking work and therefore I assumed he is seeking work! It's not the SS benefits I have issue with (I think OP would agree), it is the UE benefits and why I suggested he go to the Unemployment forum for help. There are experts there that can help him determine if something is wrong with his UE claim, provided he provides the correct information.

linicx, my husband receives Social Security Disability pre-age-65. I fully understand all the benefits you have explained but it is possible OP doesn't. Those receiving SS can earn wages to a specific amount before SS benefits are reduced. I don't know what the amount is as there is no possibility hubby will ever work again.
$1040 per month gross if the person is in Social Security Disability. There is a 9 month trial work period, that begins when a disabled person starts working and earning over about $700 per month. After the 9 months , if the disabled person works and earns over the $1040....that is considered Substantial Gainful Activity and the individual may be ceased due to work. But if the earnings stay below the $1040, the monthly benefits continue until the agency makes a medical decision that indicates the person is no longer disabled.

Social Security Retirement is an annual amount of roughly 15,xxx per year, without the $1.00 reduction for every $2.00 earned, until January of the year the person reaches full retirement age. Currently, FRA is 66. In January of the FRA year, until the last day of the month prior to the birth month, the retired individual can make roughly $44,xxxx. The FRA year it is a $1.00 reduction for every $3.00 earned. Beginning the month of FRA, wages do not matter anymore.
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