The Social Security Administration (SSA) has announced a new matching program with the Internal Revenue Service (IRS) to verify eligibility for the Medicare Part D Low Income Subsidy. This program involves the IRS sharing specific taxpayer information with the SSA to determine correct subsidy percentages for benefits under the Social Security Act. Interested parties have until May 12, 2025, to submit comments regarding this program, which will begin on May 27, 2025, and last for 18 months. The initiative is authorized under specific sections of the Internal Revenue Code and the Social Security Act.
Simple Explanation
The government is starting a new team-up where the tax office tells another agency about people's money details to help decide if they can get help paying for certain medicines. People can share their thoughts on this until May 12, and it will start on May 27 for about a year and a half.