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Wednesday, March 29, 2023   8:49 AM    |   58°F

COLA Changes 2021

  1. Student Earned Income Exclusion: 2021 Change - $1,930 monthly and $7,770 annually.
  2. Medicare for People Who Work: 2021 Change - Part A premium can cost up to $471.00 per month for those without 40 quarters of coverage.  Part B premium will cost $148.50 per month for up to 70% of Medicare recipients in 2021.
  3. Trial Work Period (TWP): The 2021 TWP amount is $940.00 per month.
  4. Substantial Gainful Activity (SGA): The 2021 SGA for non-blind individuals is $1,310.00 or more per month and $2,190.00 per month for visually impaired persons receiving Social Security Disability Insurance (SSDI).

For a complete explanation go to SSA Online and view the Redbook section or contact your local LABPS Benefits Planner 1-(855)-886-5123.

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