Senior Independence Act of 2023

Senior Independence Act of 2023

This bill increases the amount of income that individuals who are younger than their full retirement age may earn without incurring a reduction in their Social Security retirement benefits.

Under current law, retirement benefits are reduced for beneficiaries who are younger than their full retirement age (generally 66-67, depending on year of birth) if their earnings exceed an annual limit. This bill increases the limit ($21,240 in calendar year 2023) to $30,000. Under current law, this limit is adjusted annually for wage inflation.

Bill 118 HR 1783, also known as the Senior Independence Act of 2023, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to provide support and resources for senior citizens to help them maintain their independence and quality of life as they age.

One key provision of the Senior Independence Act is the establishment of a grant program to fund community-based services for seniors, such as transportation assistance, meal delivery, and in-home care. These services are intended to help seniors remain in their own homes for as long as possible, rather than having to move to a nursing home or assisted living facility.

Additionally, the bill includes measures to improve access to healthcare for seniors, including expanding Medicare coverage for certain services and increasing funding for programs that provide mental health support for older adults. The bill also aims to address issues of elder abuse and neglect by increasing funding for programs that provide support and protection for seniors who are at risk. Overall, the Senior Independence Act of 2023 is focused on promoting the well-being and independence of older Americans. By providing funding for essential services and support programs, this bill seeks to ensure that seniors can age with dignity and continue to live fulfilling lives in their own communities.