GREAT NEWS FOR SENIORS: 5 Real Money Changes This July — Don't Miss the First One

If you're receiving Social Security or Medicare benefits, July brings several important updates that could affect your payments, taxes, and healthcare costs. In this video, we explain the latest Social Security payment schedule, the 2026 COLA increase, the new $6,000 senior tax deduction, retroactive payments for eligible public-sector retirees, and the new Medicare GLP-1 Bridge Program. Learn who qualifies, what actions you should take this month, and how these changes could impact your finances. Stay informed with accurate, easy-to-understand updates so you don't miss valuable benefits or important deadlines. CHAPTERS 00:00 Cold Open — Five Real Changes This Month 00:45 Why This Month Matters 01:45 #5 — Your July Payment Dates Shifted 04:00 #4 — The 2.8% Raise and What's Eating Into It 06:30 #3 — The New $6,000 Senior Tax Deduction 09:30 #2 — Retroactive Payments for Public-Sector Retirees 12:30 #1 — The New Medicare GLP-1 Bridge Program 16:00 What to Do This Week 17:45 Closing 18:15 Next Week + Share This video is for general informational purposes only and is not personalized financial, tax, or legal advice. Program rules, deductions, and eligibility criteria can change and may vary by individual circumstance. Confirm your specific situation with the Social Security Administration (ssa.gov / 1-800-772-1213), Medicare (medicare.gov / 1-800-MEDICARE), or a qualified tax professional before making financial decisions.