Policy Impact Analysis - 117/HR/6776

Bill Overview

Title: Health Care Worker and First Responder Social Security Beneficiary Choice Act of 2022

Description: of 2022 This bill excludes wages from employment in the health care workforce or as a first responder during public health emergencies, including the COVID-19 emergency, from income limits that apply to Social Security retirement benefits.

Sponsors: Rep. Katko, John [R-NY-24]

Target Audience

Population: Retired health care workers and first responders during public health emergencies

Estimated Size: 500000

Reasoning

Simulated Interviews

Retired Nurse (New York, NY)

Age: 68 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 10.0 years

Commonness: 5/20

Statement of Opinion:

  • I was concerned about how returning to work affected my Social Security benefits.
  • This bill provides much-needed relief during stressful times.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 6
Year 2 8 6
Year 3 8 6
Year 5 9 6
Year 10 9 7
Year 20 7 5

Retired EMT (Los Angeles, CA)

Age: 72 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 10.0 years

Commonness: 5/20

Statement of Opinion:

  • I felt penalized for trying to help during the pandemic.
  • Relief from the policy will significantly ease my financial stress.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 5
Year 2 7 5
Year 3 7 5
Year 5 8 5
Year 10 8 6
Year 20 6 4

Retired Doctor (Houston, TX)

Age: 65 | Gender: female

Wellbeing Before Policy: 7

Duration of Impact: 5.0 years

Commonness: 4/20

Statement of Opinion:

  • I appreciate that the bill acknowledges our contributions.
  • This change validates the extra work retired healthcare workers put in.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 7
Year 2 8 7
Year 3 9 7
Year 5 9 6
Year 10 8 6
Year 20 7 5

Retired Police Officer (Miami, FL)

Age: 70 | Gender: male

Wellbeing Before Policy: 6

Duration of Impact: 10.0 years

Commonness: 4/20

Statement of Opinion:

  • It was difficult balancing duty and personal financial needs.
  • This policy is a fair recognition of our efforts.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 6
Year 2 8 6
Year 3 8 6
Year 5 8 5
Year 10 7 5
Year 20 6 4

Retired Paramedic (Chicago, IL)

Age: 75 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 10.0 years

Commonness: 3/20

Statement of Opinion:

  • I worry less now about financial repercussions for helping.
  • The bill will improve my quality of life significantly.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 6
Year 2 8 6
Year 3 8 5
Year 5 8 5
Year 10 8 6
Year 20 6 5

Retired Firefighter (Phoenix, AZ)

Age: 67 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 8.0 years

Commonness: 4/20

Statement of Opinion:

  • The extra income was crucial, and this policy secures my benefits.
  • Policy adds a layer of financial stability.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 5
Year 2 7 5
Year 3 7 5
Year 5 8 5
Year 10 7 5
Year 20 6 5

Retired Nurse Aide (Boston, MA)

Age: 69 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 9.0 years

Commonness: 5/20

Statement of Opinion:

  • Knowing my benefits won't be cut encourages me to continue helping.
  • This supportive policy boosts my morale.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 6
Year 2 8 6
Year 3 9 6
Year 5 9 6
Year 10 9 6
Year 20 7 5

Retired Paramedic (Denver, CO)

Age: 64 | Gender: male

Wellbeing Before Policy: 5

Duration of Impact: 8.0 years

Commonness: 4/20

Statement of Opinion:

  • I always believed helping shouldn't come with a financial penalty.
  • The policy feels like a just and timely intervention.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 7 5
Year 2 7 5
Year 3 8 5
Year 5 8 5
Year 10 7 5
Year 20 6 4

Retired Respiratory Therapist (San Francisco, CA)

Age: 66 | Gender: female

Wellbeing Before Policy: 6

Duration of Impact: 10.0 years

Commonness: 4/20

Statement of Opinion:

  • I felt this was a needed revision to the existing system.
  • It should have been in place from the start of the pandemic.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 8 6
Year 2 8 6
Year 3 8 5
Year 5 9 5
Year 10 8 5
Year 20 6 5

Retired Doctor (Seattle, WA)

Age: 74 | Gender: male

Wellbeing Before Policy: 7

Duration of Impact: 10.0 years

Commonness: 3/20

Statement of Opinion:

  • Knowing I can serve without fear of financial impact is liberating.
  • This legislative change should reassure all retired professionals.

Wellbeing Over Time (With vs Without Policy)

Year With Policy Without Policy
Year 1 9 7
Year 2 9 7
Year 3 9 6
Year 5 9 6
Year 10 8 6
Year 20 7 5

Cost Estimates

Year 1: $250000000 (Low: $200000000, High: $300000000)

Year 2: $255000000 (Low: $204000000, High: $306000000)

Year 3: $260000000 (Low: $208000000, High: $312000000)

Year 5: $270000000 (Low: $216000000, High: $324000000)

Year 10: $300000000 (Low: $240000000, High: $360000000)

Year 100: $500000000 (Low: $400000000, High: $600000000)

Key Considerations