Social Security Overview

I attended a meeting in which Social Security employees talked about Social Security and how it works, how benefits are calculated, and special situations.  

Calculating Social Security Benefits

Here is some information on calculating Social Security benefits. Widows can get benefits at age 60 based on their deceased spouse’s Social Security. To calculate how much money a person will get from Social Security each month, there [...]

Applying for Medicare or Social Security

Here is some info on applying for Medicare or Social Security and some of the “special” situations that come up.

Medicare Enrollment Special Situations

When it comes to Medicare enrollment special situations sometimes occur. The Social Security representative explained some of the different scenarios.

Why don’t people buy long-term care insurance?

Although 70% of older people will need long-term care, very few people buy long-term care insurance.  Many people think the government will pay the bill if they end up in  a nursing home.  And most people don’t want to pay for something [...]

Turning 65 and Medicare

No federal agency provides notification about Medicare eligibility to individuals not yet collecting Social Security benefits—meaning those not automatically enrolled in Medicare are not informed about enrollment rules and policies. Medicarerights.org  [...]

Medicare and the TPP

What has an international trade deal got to do with Medicare?  Apparently, the issue of drug costs for seniors, veterans, and people on Medicaid is right in the middle of the Trans Pacific Partnership (TPP) free trade agreement.  You may have [...]

Help with Medicare Costs

I am meeting today with a couple who are having trouble paying their drug co-pays. It sounds like they qualify for help with their Medicare costs and their drug costs – but they had never heard about programs that help people on Medicare [...]

Your Health Insurance Deductible

I have excellent health insurance, but I’ve found myself arguing with doctors’ office staff about what I am supposed to pay for services.  At first I thought it was just one greedy doctor’s office, but this has happened four [...]

Is Social Security Income Taxed?

I found an informative article on taxes and Social Security. Is Social Security income taxed? The answer to this question depends on a beneficiary’s filing status and their total income for the year.  According to the AgingCare.com article: Determining [...]

Social Security Explained

Most of my clients who are turning 65 have been collecting Social Security since they turned 62 – even though their full retirement age was 66.  Their Social Security check is about one-third less than it would be if they had waited until [...]