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Obama administration’s proposed Medicare drug change stirs access worries
In a move that some fear could compromise care for Medicare recipients, the Obama administration is proposing to remove special protections that guarantee seniors access to a wide selection of three types of drugs. The three classes of drugs — widely…
No increase in costs for Medicare Plan B
There’s a little bit of good news for Medicare recipients — particularly Part B coverage. The plan usually increases as recipients’ income increases. However, this year, Part B deductibles and premiums will stay the same as last year. Other plans though will…
Social Security shouldn’t be used to balance budget
Over the past three years, Congress’ solution to our budget crisis has been a temporary patchwork of fiscal bandages, passed at the stroke of midnight before critical deadlines. Unfortunately, some have proposed balancing our budget by cutting Social Security benefits. Read more… Notice: The “Read…
Jobs, not more government, needed for the unemployed
U.S. Rep. Kevin Brady, a senior member of the House Ways and Means Committee, says the president’s politically-fueled push to extend the five-year emergency unemployment insurance program misses the key point – the long-term unemployed need jobs first and foremost.…
End of 2013 sees record number of Americans getting disability benefits
According to the Social Security Administration, more than one out of every four 20-year-olds will face a physical or mental disability that makes them unable to work before reaching age 67. When a disability strikes, most workers do not have…
The Impact of Health-Care Costs on Social Security
For many retirees and their families, Social Security provides a dependable source of income. In fact, for the majority of retirees, Social Security accounts for at least half of their income (source: Fast Facts & Figures About Social Security, 2013).…
A Farewell to Retirement Security
Back in organized labor’s heyday, United Steelworkers (USW) Local 1010, in Hammond, Ind., decided to fight for pensions. It wasn’t a foolish notion. Some American workers had pensions, and new U.S. labor laws and rulings had led the way to bargaining for them. But…
Advice For Those Thinking About Early Retirement
Early retirement is a dream for many working Americans that can quickly become a nightmare if you’re not paying attention. A lot of baby boomers find they have an option to take early retirement. The package may seem like a lot of money but…
Social Security Disability: What You Need to Know
Many people think that Social Security is just a retirement program. But with millions of recipients getting disability payments from Social Security, it’s important to know what benefits you’re actually entitled to receive. In the following video, Dan Caplinger, The Motley…
Entitlement
Entitlement has become a dirty word, a negative word. Politicians have learned to utter it with a sneer as they explain that entitlements have caused our deficit and cutting entitlements is the only way to balance the budget. They are…