How Your Stimulus Check Affects Medicaid Eligibility

With the pending approval of a second round stimulus payments under the Senate’s HEALS Act, this provides a good reminder for how the first wave of payments were calculated. The coronavirus relief bill includes a direct payment to most Americans, but this has Medicaid recipients wondering how the payment will affect them. Because the payment […]

How Does the Coronavirus Relief Bill Affect Seniors?

The $2 trillion economic relief package that Congress passed to help Americans deal with the devastating financial impact of the coronavirus pandemic contains some provisions that affect seniors. In addition to authorizing direct payments to most Americans, including seniors, the law also changes required retirement plan distributions for this year and includes two Medicare-related provisions.  […]

CMS Rings in the New Decade with Medicare Rate Hikes

Now that Medicare open enrollment is closed for another year and you have chosen your plan specifics, the next concern for most is how much more is it going to cost me? After a few years of small or no changes, costs are rising sharply in 2020. Medicare Part B premiums will increase by $9.10 […]

Social Security- Is There a Right and a Wrong Time to Collect?

Knowing when to claim social security can be a confusing scenario. Many would be retirees don’t realize the repercussions of collecting too early. “The consequences of claiming Social Security too early can be big. The report found that collecting benefits at the wrong time causes retirees to collectively lose $3.4 trillion in potential income (an […]

What exactly is SSDI?

It is easy to confuse Supplemental Security Income aka SSI with Social Security Disability Insurance, aka SSDI. SSI is for people with disabilities that have minimal means; SSDI is an insurance program that is available to qualified workers with disabilities regardless of their resources. SSDI pays cash benefits to those who are unable to work […]

Are Wanderlust and Retirement Crossing Paths for You?

Do you dream of retiring to some foreign land? Maybe in South America, Europe or perhaps the Carribean? It isn’t uncommon. As reported recently in an article by The Week, “As of April 2019, the Social Security Administration was sending 685,000 payments to beneficiaries overseas — a 40 percent increase over the past 10 years”. […]

Maximizing Your Social Security Survivor's Benefits

When it comes to survivor benefits, timing is everything. While you can claim survivor’s benefits as early as age 60, if you claim benefits before your full retirement age, your benefits will be permanently reduced. If you claim benefits at your full retirement age, you will receive 100 percent of your spouse’s benefit or, if […]

Social Security Administration Online Services

1957. It is the earliest year that you would have to be born in order to be eligible to receive Social Security benefits in 2019. As baby boomers are approaching the age at which they retire, a new sector of the aging population that is much more tech orientated don’t want to spend hours on […]

Eight Year High for Increase to Social Security Benefits Coming in 2019!

With a 2.8% increase to Social Security benefits in 2019 that will allow for an additional $468 for each retired beneficiary. More good news is that this increase will not be swallowed by increasing Medicare Part B premiums either (see our earlier post on this!) 2019 to Usher in Biggest Increase in Social Security Benefits […]