Detailed Single Year Tables
Description of Proposed Provision:
B7.13: Eliminate the DI 5-month waiting period for disabled workers and disabled surviving spouses, and eliminate the 24-month Medicare (HI) waiting period for individuals who have become entitled to Social Security disability benefits. Effective with 2024 applications.
Financial Estimates for the OASDI Trust Fund Program
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Expressed as a percentage of current-law taxable payroll |
Trust fund ratio as of January 1 |
Expressed as a percentage of current-law taxable payroll |
|||||||
|
Calendar year |
Cost rate |
Income rate |
Annual balance |
Cost rate |
Income rate |
Annual balance |
|||
| 2023 | 14.53 | 13.29 | -1.24 | 204 | 0.00 | 0.00 | 0.00 | ||
| 2024 | 14.90 | 12.89 | -2.01 | 187 | 0.03 | 0.00 | -0.03 | ||
| 2025 | 15.11 | 12.97 | -2.13 | 167 | 0.06 | 0.00 | -0.06 | ||
| 2026 | 15.31 | 13.08 | -2.23 | 148 | 0.08 | 0.00 | -0.08 | ||
| 2027 | 15.47 | 13.10 | -2.37 | 130 | 0.09 | 0.00 | -0.09 | ||
| 2028 | 15.64 | 13.13 | -2.51 | 111 | 0.09 | 0.00 | -0.08 | ||
| 2029 | 15.81 | 13.16 | -2.64 | 93 | 0.09 | 0.00 | -0.09 | ||
| 2030 | 15.96 | 13.19 | -2.77 | 75 | 0.09 | 0.00 | -0.09 | ||
| 2031 | 16.09 | 13.21 | -2.88 | 57 | 0.09 | 0.00 | -0.09 | ||
| 2032 | 16.24 | 13.24 | -3.00 | 39 | 0.09 | 0.00 | -0.09 | ||
| 2033 | 16.36 | 13.25 | -3.11 | 21 | 0.09 | 0.00 | -0.09 | ||
| 2034 | 16.48 | 13.26 | -3.22 | 2 | 0.10 | 0.00 | -0.09 | ||
| 2035 | 16.57 | 13.27 | -3.31 | ---- | 0.10 | 0.00 | -0.10 | ||
| 2036 | 16.65 | 13.28 | -3.38 | ---- | 0.10 | 0.00 | -0.10 | ||
| 2037 | 16.73 | 13.28 | -3.45 | ---- | 0.10 | 0.00 | -0.10 | ||
| 2038 | 16.80 | 13.29 | -3.51 | ---- | 0.10 | 0.00 | -0.10 | ||
| 2039 | 16.85 | 13.29 | -3.55 | ---- | 0.10 | 0.00 | -0.10 | ||
| 2040 | 16.89 | 13.30 | -3.59 | ---- | 0.10 | 0.00 | -0.10 | ||
| 2041 | 16.91 | 13.30 | -3.61 | ---- | 0.11 | 0.00 | -0.10 | ||
| 2042 | 16.93 | 13.30 | -3.62 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2043 | 16.94 | 13.30 | -3.63 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2044 | 16.96 | 13.31 | -3.65 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2045 | 16.97 | 13.31 | -3.66 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2046 | 16.99 | 13.31 | -3.68 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2047 | 17.02 | 13.31 | -3.70 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2048 | 17.04 | 13.32 | -3.72 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2049 | 17.07 | 13.32 | -3.75 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2050 | 17.10 | 13.32 | -3.78 | ---- | 0.12 | 0.00 | -0.11 | ||
| 2051 | 17.13 | 13.33 | -3.81 | ---- | 0.12 | 0.00 | -0.11 | ||
| 2052 | 17.18 | 13.33 | -3.85 | ---- | 0.12 | 0.00 | -0.11 | ||
| 2053 | 17.22 | 13.33 | -3.89 | ---- | 0.12 | 0.00 | -0.11 | ||
| 2054 | 17.28 | 13.34 | -3.94 | ---- | 0.12 | 0.00 | -0.11 | ||
| 2055 | 17.35 | 13.34 | -4.00 | ---- | 0.12 | 0.00 | -0.11 | ||
| 2056 | 17.42 | 13.35 | -4.07 | ---- | 0.12 | 0.00 | -0.11 | ||
| 2057 | 17.49 | 13.36 | -4.14 | ---- | 0.12 | 0.00 | -0.11 | ||
| 2058 | 17.57 | 13.36 | -4.21 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2059 | 17.65 | 13.37 | -4.28 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2060 | 17.73 | 13.38 | -4.36 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2061 | 17.80 | 13.38 | -4.42 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2062 | 17.87 | 13.39 | -4.49 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2063 | 17.94 | 13.39 | -4.55 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2064 | 18.00 | 13.40 | -4.60 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2065 | 18.06 | 13.40 | -4.66 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2066 | 18.12 | 13.41 | -4.71 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2067 | 18.17 | 13.41 | -4.76 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2068 | 18.23 | 13.42 | -4.81 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2069 | 18.29 | 13.42 | -4.86 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2070 | 18.34 | 13.42 | -4.92 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2071 | 18.39 | 13.43 | -4.97 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2072 | 18.44 | 13.43 | -5.01 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2073 | 18.49 | 13.44 | -5.06 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2074 | 18.54 | 13.44 | -5.10 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2075 | 18.57 | 13.44 | -5.13 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2076 | 18.60 | 13.45 | -5.15 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2077 | 18.61 | 13.45 | -5.16 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2078 | 18.61 | 13.45 | -5.16 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2079 | 18.60 | 13.45 | -5.15 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2080 | 18.57 | 13.45 | -5.13 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2081 | 18.54 | 13.45 | -5.09 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2082 | 18.50 | 13.44 | -5.06 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2083 | 18.45 | 13.44 | -5.01 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2084 | 18.40 | 13.44 | -4.96 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2085 | 18.33 | 13.44 | -4.90 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2086 | 18.27 | 13.43 | -4.84 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2087 | 18.20 | 13.43 | -4.77 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2088 | 18.13 | 13.42 | -4.71 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2089 | 18.06 | 13.42 | -4.64 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2090 | 18.00 | 13.41 | -4.59 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2091 | 17.95 | 13.41 | -4.54 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2092 | 17.91 | 13.41 | -4.50 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2093 | 17.88 | 13.41 | -4.48 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2094 | 17.87 | 13.41 | -4.46 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2095 | 17.86 | 13.41 | -4.45 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2096 | 17.86 | 13.41 | -4.45 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2097 | 17.87 | 13.41 | -4.46 | ---- | 0.11 | 0.00 | -0.11 | ||
| 2098 | 17.88 | 13.41 | -4.48 | ---- | 0.11 | 0.00 | -0.11 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2023-2097 | 17.49% | 13.78% | -3.71% | 2034 | 0.10% | 0.00% | -0.10% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
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Based on Intermediate Assumptions of the 2023 Trustees Report.