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“Original Medicare” vs. Medicare Advantage – A national picture
In this interesting article, a study found that most seniors living in rural areas tend to rely on the federal government’s “traditional Medicare – Part A and Part B” to provide their healthcare insurance, versus opting for enrollment in private…
An Idea to Save Social Security Money
In this piece by a prominent Social Security disability executive, an opinion is offered for how to save about $400 billion of Social Security’s money. The opinion offered describes the Social Security disability program known as “SSDI” (Social Security Disability…
When is Medicare Part A free?
For most seniors, the FICA payroll tax they pay when working includes an amount for Medicare’s “Part A” – which is Medicare coverage for inpatient hospitalization services. Those payroll contributions, made for at least 10 years of working, result in…
When Is the Right Time to Retire?
Ah, retirement! That wonderful time of life that we dream about all during our working years, but which also presents a dilemma as we approach the end of our working career. When is the right time to retire? Do we…
Don’t Lose your Social Security Disability Income (SSDI)
Getting approved for Social Security Disability Income (SSDI) can sometimes be an arduous task. About 2/3rd of all SSDI applications are initially denied, which may mean an appeal process must be used. Then, even if approved, there is a 5…
About Claiming Social Security Early
One of the most frequently asked questions at our AMAC Foundation Social Security Advisory Service is “when is the best time to claim Social Security?” Our answer, of course, is “It depends.” It depends on your financial need, your health…
The cumulative effect of long-term HSA ownership
Funded health savings accounts, meaning the account has a balance greater than $0, have an average balance of $2,415. However, according to Devenir, an investment solutions provider, those HSAs opened before 2024 have benefited from long-term HSA ownership. The average…
Oh no!!! A COLA Forecast Already?
While it is far to early to accurately predict the 2026 Cost of Living Adjustment (COLA) for Social Security recipients, predictions inevitably happens about this time every year. After all, next year’s COLA won’t be known until early-October of this…
Course Correction at the Social Security Administration Sorely Needed
Amid all of the media hyperbole from liberal Democrats in arms about the Department of Government Efficiency (DOGE) and, most recently, about DOGE activities to cut Social Security fraud and waste, comes a reasoned opinion by a respected media executive…
Some Retirees Will See an Increase in their Social Security payment
If you are among the retired public service workers who receive a government pension, yet did not contribute to Social Security while earning same, you will likely see an increase in your Social Security benefit, starting with your April 2025…