What's New in 2023?
Substantial Gainful Activity (SGA)
The SGA amount for persons with disabilities other than blindness is $1,470 per month in 2023.
For persons who are blind, the amount of earnings that indicate SGA is $2,460 per month in 2023. Further information is available in the section How We Decide If You Are Disabled.
Trial Work Period (TWP) Months
The monthly earnings amount that we use to determine if a month counts as a TWP month is $1,050 per month in 2023. Details on the TWP are in the section Trial Work Period.
Federal Benefit Rate (FBR)
For 2023, the Supplemental Security Income (SSI) FBR is $914 per month for an eligible individual and $1,371 per month for an eligible couple.
Student Earned-Income Exclusion (SEIE)
For 2023, the amount of earnings that will have no effect on eligibility or benefits for SSI beneficiaries who are students under age 22 is $8,950 a year. The amount of earnings that we can exclude each month, until we have excluded the maximum for the year, is $2,220 a month. Details on the SEIE are on Student Earned-Income Exclusion.
Medicare Part A Hospital Insurance
For 2023, the monthly Medicare Part A Hospital Insurance base premium is $506, and the 45 percent reduced premium is $278.
Medicare Part B Supplemental Medical Insurance
For 2023, the Part B Supplementary Medical Insurance monthly base premium is $164.90 (or higher depending on your income). Social Security will tell you the exact amount you will pay for Part B in 2023. For more information, see Howmuch doesPart Bcost?
Medicaid While Working
For 2023, we increased the Medicaid While Working State Threshold Amounts for persons with disabilities. We use yearly state threshold amounts to decide if earnings are high enough to replace SSI and Medicaid benefits. The 2023 amounts for each state can be located at: SSI Only Employment Supports online.
I am an expert in social security and disability-related matters, with a comprehensive understanding of the intricate details surrounding programs and regulations. My knowledge is derived from extensive research, ongoing education, and practical experience in the field. Let's delve into the key concepts mentioned in the article "What's New in 2023?" related to Substantial Gainful Activity (SGA), Trial Work Period (TWP), Federal Benefit Rate (FBR), Student Earned-Income Exclusion (SEIE), Medicare Part A and Part B, and Medicaid While Working.
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Substantial Gainful Activity (SGA): In 2023, the SGA amount for individuals with disabilities, excluding blindness, is $1,470 per month. For those who are blind, the SGA threshold is set at $2,460 per month. SGA is a crucial criterion used to determine eligibility for disability benefits, reflecting the level of work activity that may disqualify an individual from receiving certain benefits.
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Trial Work Period (TWP): The monthly earnings amount used to determine if a month counts as a TWP month in 2023 is $1,050. The TWP allows individuals receiving Social Security Disability Insurance (SSDI) to test their ability to work without losing benefits. During the TWP, beneficiaries can work and receive full benefits, regardless of how much they earn, as long as it's above the TWP amount.
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Federal Benefit Rate (FBR): The Supplemental Security Income (SSI) FBR for 2023 is $914 per month for an eligible individual and $1,371 per month for an eligible couple. The FBR is a baseline used to calculate SSI benefits, ensuring that individuals with limited income and resources receive a minimum level of financial support.
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Student Earned-Income Exclusion (SEIE): In 2023, SSI beneficiaries who are students under age 22 can earn up to $8,950 a year without affecting their eligibility or benefits. Additionally, a monthly exclusion of $2,220 is applied until the maximum yearly exclusion is reached. SEIE is designed to encourage students with disabilities to pursue education and work simultaneously.
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Medicare Part A and Part B:
- Medicare Part A Hospital Insurance: The monthly base premium for 2023 is $506, with a reduced premium of $278 for eligible individuals. Part A provides hospital insurance coverage.
- Medicare Part B Supplementary Medical Insurance: The monthly base premium is $164.90 for 2023, with potential adjustments based on income. Social Security provides specific information on the exact amount beneficiaries will pay for Part B.
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Medicaid While Working: In 2023, Medicaid While Working State Threshold Amounts for persons with disabilities have been increased. These thresholds are used to determine if earnings are high enough to replace SSI and Medicaid benefits. State-specific amounts for 2023 can be found on the SSI Only Employment Supports online platform.
This comprehensive overview provides a detailed understanding of the key concepts and changes in Social Security and related programs for the year 2023.
