Analysis by Budget and Legislative Analyst shows that a discrete population of long-term HIV survivors are approaching age 65, at which point their private disability insurance will end, leading to a significant drop in income and resulting housing instability
WHEN: Wednesday, April 1st, 10:00am
WHERE: Budget and Finance Committee
Board of Supervisors
San Francisco City Hall, Room 250
WHAT: Today, Supervisor Scott Wiener will hold a hearing to discuss the expected financial needs created by the increase of people living with HIV/AIDS who will lose their private disability insurance as they become eligible for Social Security benefits. The Budget and Legislative Analyst recently released a report quantifying the number of people estimated to be impacted and the financial support needed. The percentage of San Franciscans living with HIV/AIDS who are 50 years or older has increased by more than 100% since 2004 and now comprises 55% of the total population of HIV-positive people living. Supervisor Wiener is calling for action now to prevent potential negative outcomes in the future – particularly loss of housing due to this drop in income – for San Franciscans living with HIV/AIDS. According to the Budget and Legislative Analyst’s report, the annual income of people living with HIV/AIDS on private disability insurance is expected to drop by an average of 40% when they become eligible for Social Security. As a result, the percentage of these individuals’ monthly income that would go towards rent would increase from 45% to 74%. At the hearing, Supervisor Wiener will ask both the Budget and Legislative Analyst’s Office and community organizations to report on the projected number of San Franciscans who will be affected, as well as the fiscal impact that losing private disability insurance will have on each of these individuals.
CONTACT: Supervisor Scott Wiener, (415) 554-6968, email@example.com