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Anti-Fraud Bill Presses CMS to Nix Social Security Numbers on Medicare Cards
Medicare identification cards would no longer display beneficiaries’ Social Security numbers under a new bill outlined recently by the chairman of the House Ways and Means Subcommittee on Health. Rep. Kevin Brady, R-Texas, released the draft text of a measure that compiles a wide range of…
Is a Social Security number required to buy a new car?
Erica recently purchased a new car, and she intended to pay the full amount up front with a personal check. Nevertheless, she said the dealer insisted that she provide her Social Security number. Erica objected, saying it wasn’t necessary because she…
Millennials buy stocks for head start on retirement saving
Chad Gentry would rather bet on his own ability to save for the next 40 years than on the Social Security Administration’s solvency, so enrollment in his employer’s 401(k) plan was a no-brainer. “I wanted to take advantage of that to…
FL Vet Disability Backlog at 22000
Florida has the highest number of backlogged veteran disability claims in the country, according to the Miami Herald. About 59.7 percent of veteran disability claims in Florida are backlogged, meaning they have been pending for more than 125 days. That’s more than…
House Ways and Means Committee Marks Up ABLE Act
On July 31, The House Ways and Means Committee marked up the Achieving a Better Life Experience (ABLE) Act (H.R. 647). The ABLE Act seeks to create tax-favored savings accounts for people with disabilities that would not count toward the…
6 ways to prepare for retirement
While retirement living can appeal to the nine-to-fiver with dreams of relaxing, traveling or buying a beach house, saving for retirement often breeds fear. But if you follow these six simple rules for retirement savings, you can focus on the dream…
Save Medicare’s Home Health Benefit | Commentary
The Affordable Care Act was sold to the American public with the promise of improved access to health care for all who previously could not afford it. In a September 2013 speech on the ACA, President Barack Obama recalled examples…
Social Security Disability Benefits
Like most people, you probably don’t expect to become disabled. However, you are three times more likely to become disabled due to illness or injury than to die during your earning years. (Source: 1985 Commissioner’s Individual Disability Table A.) That’s…
5 reasons not to retire in the U.S.
More than half a million retirees receive their Social Security benefits abroad, according to International Living , a monthly newsletter focusing on retiring overseas. The Social Security Administration currently sends 613,650 retirement-benefit payments outside the U.S., more than double the 242,128 benefit payments sent…
How Today’s Workers Can Dodge the Retirement Crisis
Trying to figure our whether mid-career folks like myself are adequately preparing for retirement can get a bit confusing. If you look at Boston College’s National Retirement Risk Index (NRRI), as of 2013 as many as 52% of households aged…