What to Know for Thursday, June 25th, 2026:

1: Sen. Cassidy pushes $1.5 trillion stock investment "big idea" for Social Security before leaving office — trust fund depletes late 2032

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  • Retiring Louisiana senator proposes investing $1.5 trillion in separate fund to cover 60-65% of Social Security's unfunded liability over 65-70 years: Cassidy's plan would borrow $1.5 trillion held in escrow (not increasing national debt), invest in stock market on behalf of Social Security — modeled after federal Railroad Retirement system investment changes under President George W. Bush — designed to sidestep debate over raising taxes vs. cutting benefits — plan would need bipartisan support (requires 60 Senate votes), though Trump recently called Cassidy "disloyal disaster" on social media.

  • Boston College researchers warn plan "unlikely to work" without pairing with tax increases or benefit cuts — concerns about stock market risk and unpredictable returns: Analysis found plan would leave government in debt by 75th year requiring large interest payments — Bipartisan Policy Center raised concerns about market volatility and "significant risk" of leveraged investment strategies amid unsustainable national debt trajectory — Cassidy argues past market analysis shows investment premium exceeding borrowing costs, "all risk borne by fund; people get promised benefits."

  • Trust fund projected depleted late 2032 triggering automatic 22% benefit cuts (only 78% payable) — next steps include hearings and finding successors to "carry torch": Four senators (Cassidy, Durbin D-IL, Kaine D-VA, Tillis R-NC) issued joint statement: "Congress shouldn't delay any longer" — Cassidy leaving office Jan 3, 2027, urging action before deadline — if plan doesn't pass this Congress, seeking colleagues interested in advancing proposal in next Congress when beneficiaries will feel impact.

2: SSI checks arrive July 1, Social Security by birth date — some beneficiaries receiving both will get 3 payments in October, December

  • Supplemental Security Income (SSI) paid Wednesday, July 1 — Social Security retirement benefits staggered by birth date: Nearly 74 million beneficiaries receiving payments — SSI always sent first of month (or early if weekend/holiday) — Social Security: July 8 (birthdates 1-10), July 15 (11-20), July 22 (21-31) — SSI sent early Friday, July 31 for August check since August 1 is Saturday — early payments also scheduled for November and New Year's Day.

  • People receiving both SSI and Social Security get triple payments in October and December: Dual beneficiaries receive regular SSI on first of month, standard Social Security on scheduled date, plus additional SSI near month-end because next disbursement falls on weekend/holiday — creates three separate payments in same month for budget planning — affects significant portion of beneficiaries receiving both programs.

  • Check 2026 SSA calendar online to plan budgets — payment schedule consistent throughout year: SSA publishes full payment schedules to help beneficiaries plan — can verify payment dates at ssa.gov or local Social Security office — tracking payment schedule important for fixed-income budgeting, especially with multiple payments in some months.

3: Medicare covers new biomechanical CT osteoporosis test starting October 2026 — measures bone strength plus density for better fracture risk assessment

  • Biomechanical CT (BCT) added to Medicare Bone Mass Measurement benefit effective October 5, 2026 with retroactive coverage to January 1, 2024: New screening method measures bone strength AND bone mineral density (BMD) vs. DEXA scan relying on BMD alone — identifies more high-risk fracture patients than BMD testing alone — Kaiser Permanente study of 100,000+ patients showed BCT predicted hip fractures independently of BMD T-score with improved sensitivity compared to DEXA — over 70 peer-reviewed studies supporting effectiveness.

  • Best suited for patients with existing CT scans from other medical reasons — no additional imaging needed: Technology requires CT scan; most beneficial for older adults who already had CT for other reasons (cancer screening, spine imaging) — can analyze existing scans without need for separate appointment — experts see main value as "opportunistic screening" in patients with prior CT scans who haven't had previous BMD testing — not recommended for those already screened or needing multiple tests.

  • Standardization and access limitations remain — DEXA still first-line despite BCT advantages: BCT results vary by CT scanner brand, software, protocol making inter-machine comparison difficult vs. standardized DEXA — currently available only through O.N. Diagnostics — experts recommend DEXA first-line for most patients; BCT useful for women at risk from estrogen deficiency, steroid use, hyperparathyroidism, or monitoring existing osteoporosis treatment.

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This newsletter is for information only. Always confirm your options directly with Social Security, Medicare, Medicaid, or a qualified advisor before making big decisions about your benefits.

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