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“Buyer’s Remorse” for your Medicare Advantage plan? There is still time to switch.
There is no question that the “Medicare Advantage” program has seen phenomenal growth in recent years. “Medicare Advantage” plans are alternative healthcare plans offered by private insurers to replace “original Medicare” provided by the Federal Government. The attraction is obvious…
Need to Update Your Banking Info for Social Security Payments? Better Read this.
Beginning March 29, the Social Security Administration (SSA) will no longer accept requests to change banking information over the phone. The change will require banking changes to be submitted through a “my Social Security” account or, as an alternative, visit…
Details Emerging on the Social Security Overpayment Recovery Process
Since last week’s announcement of a return to stringent Social Security benefit overpayment recovery rules, many have been left wondering about the details. For example, how quickly will I be affected if I get a notice, or what about the…
“Surprise” Deposits Appearing in Beneficiaries’ Accounts…NBC 5 Explains
Retirees in the Chicago area are contacting an NBC affiliate questioning the origin of “unexpected” deposits in the $6000 range appearing in their bank accounts. Some have indicated they do not know why they’ve received the payments, so NBC 5…
Rep. Larson Strikes Back on Allegations of Massive Social Security Fraud
Citing continuing assertions of “hundreds of million dollars of fraud” in the U.S. Social Security system, Rep. John Larson (D-CT) lashed out in a firey address before the House committee meeting and suggested that the intent behind these allegations could…
An Argument for privatizing Social Security
Speaking at the firm’s Retirement Summit program, Blackrock CEO Larry Fink spoke in favor of individual savings accounts funded by employer and employee contributions and market-based investment management as a better way to ensure continuity of Social Security. He based his…
House Appropriations Committee Refutes Misinformation on Social Security Cuts
In a post yesterday on appropriations.house.gov, the House Appropriations Committee countered partisan allegations of Medicare, Medicaid, and Social Security cuts in the legislation passed by the House Tuesday to avert a partial government shutdown and fund federal agencies through September.…
White House Reiterates Pledge to Avoid Social Security Cuts
In the wake of Elon Musk’s public comments about focusing on “entitlement” programs as cost-cutting targets, the White House issued a press release stating that “The Trump Administration will not cut Social Security, Medicare, or Medicaid benefits.” The press release,…
Sen. Graham Advocates Full Retirement Age Setback
Earlier this week, Senate Budget Committee chairman Lindsey Graham (R – SC) spoke in favor of a change to the Social Security full retirement age (FRA). SC Daily Gazette reporter Shaun Chornobroff, reporting on comments made by Sen. Graham in…
Examining the Details on DOGE-Related SSA Reductions
(This post is related to today’s headline post) The numbers continue to evolve as DOGE makes its way through the maze of government agencies, but one of the focus areas that draws considerable attention in the media is the closing…