Dim Outlook For Social Security, Medicare

Social Security, which pays benefits to 56 million Americans, will exhaust its reserves three years sooner than expected by 2033, a new government report said, raising pressure on the White House and Congress to tackle a program that many politicians fear changing because of the potential voter backlash. Social Security, which provides funds to retirees and workers with disabilities, and Medicare, the government-run health plan for seniors, are the nation's largest public benefit programs....

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From: Wall Street Journal

Related topics : social security benefits medicare / social security medicare disability / cost of social security and medicare per year

Obama Deficit Commission Criticized for Proposals to Slash Social Security, Medicare

The co-chairmen of the bipartisan presidential deficit commission released a list of recommendations Wednesday on ways to reduce the nation's deficit by $4 trillion by 2020. Co-chairmen Erskine Bowles and Alan Simpson have proposed raising the retirement age for Social Security to 69 by the year 2075, decreasing the cost of living benefits for Social Security recipients, imposing new limits on the Medicare health insurance program and ending several middle class tax breaks. Democracy Now!...

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From: mediagrrl9

Related topics : cost of social security and medicare per year / social security medicare tax / medicare is a health insurance program

Seniors Urge Congress to Reform Medicare Advantage

President and CEO of the National Committee to Preserve Social Security and Medicare, Barbara B. Kennelly, details the successful delivery of 48,000 petitions signed by seniors throughout the nation asking the Senate to eliminate or reduce billions in insurance industry subsidies to private Medicare providers and to strengthen the traditional Medicare program. Congress is considering legislation that could include cuts to billions of dollars in subsidies to private insurers. These...

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From: charrise1977

Related topics : national committee to preserve social security and medicare / medicare advantage insurance providers / medicare advantage cuts

Society Breaking News: Medicare Forecast: Solvent Til 2026, Though Baby Boomer Costs Loom

Medicare Forecast: Solvent Til 2026, Though Baby Boomer Costs Loom

The annual report of Social Security and Medicare Board of Trustees, released today, said the hospital trust fund has two years more life than they projected last year.

http://feeds.kaiserhealthnews.org/~r/khn/~3/MlumKh6SOX8/medicare-trust-fund.aspx

Outlook for Medicare Has Improved a Bit

The Obama administration said that a stronger economy and slower growth in health spending has helped strengthen the financial outlook for...

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From: Wochit Business

Related topics : cost of social security and medicare per year / medicare hospital cost report / medicare is a federal health insurance program

Social Security Benefits Won't Rise in 2016

The government said Thursday there will be no benefit increase next year for millions of Social Security recipients, disabled veterans and federal retirees. It's just the third time in 40 years that payments will remain flat. All three times have come since 2010. And there's more bad news. The lack of a benefit increase means that many older people could face higher Medicare costs--an issue that has advocates lobbying Congress. The main reason for no increase next year is low gas prices,...

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From: Wochit News

Related topics : social security benefits medicare / cost of social security and medicare per year

2018 Medicare Part B Premium & the Hold Harmless Provision

2018 Medicare Part B Premium & the Hold Harmless Provision

4 Out of 10 on Medicare Will See Part B Premiums Rise by over 20% in 2018

Randy Wolfe - 888-730-3994

http://www.quotemymedicare.org/

Social Security provided their largest raise to beneficiaries in six years, however some speculate nearly 70% of seniors will not see it.

Social Security’s cost-of-living adjustment for the upcoming year will be 2%,

Those protected by “hold-harmless” will see significant premium...

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From: QuoteMyMedicare.org

Related topics : medicare part a and part b premiums for 2018 / part b premium for 2018 / medicare part d providers

Navigating Medicare health plans Adler Insurance

If you've paid into Social Security for 10 years, you qualify for Medicare Part A and Part B at age 65. The healthcare insurance coverage offered through Part A and Part B provides seniors with a safety net against costly illness or injury, however there are some gaps in Medicare coverage that could make signing up for a Medicare Advantage plan the best idea. Adler Insurance brings you these tips for navigating Medicare health plans.

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From: Adler Insurance

Related topics : health insurance plans medicare / medicare part b insurance plans / medicare advantage plan insurance / medicare is health insurance coverage provided / medicare part d coverage plans

Reid: GOP would slash Medicare & Social Security while protecting tax breaks for yachts & jets

"This legislation goes beyond the draconian budget that Republicans passed earlier this year. That budget would have ended Medicare as we know it. It would also have cut clean energy by 70%, axed education funding and cost hundreds of thousands of private-sector jobs.

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From: Nevada Senator Harry Reid

Related topics : social security medicare tax / cost of social security and medicare per year

Maximizing Social Security

We've conducted 17 Maximizing Social Security Classes in 2017. Hundreds of people have successfully completed this course.

Claiming your social security benefits … is complicated and confusing.

And it’s about to get worse … with even more changes starting in the 2018.

Ultimately, this could cost you tens of thousands of dollars in lost benefits, increased taxes, and higher Medicare premiums!

Next year’s workshops will be announced soon!

If you want to attend one of these events,...

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From: David Lukas Financial

Related topics : social security medicare premiums 2017 / social security medicare tax

Is Social Security drafting the wrong amount in 2018 for my Part D?

Here is a question that my office is getting a lot the past few days, so I figured other may have this question as well, “I received my social security payment schedule and it appears that my Part D Plan is going to cost $37.00 but I signed up for a $12.00 drug plan. Why is Social Security showing a higher premium?

Here is a question that my office is getting a lot the past few days, so I figured other may have this question as well, “I received my social security payment schedule and it...

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From: Robert Bache

Related topics : social security medicare drug plans / part d medicare drug plans for 2018 / medicare plan b cost