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One Way to Improve Social Security Solvency
Ending the Retirement Earnings Test, which places a limit on how much you can earn if you take your Social Security benefits before your Full Retirement Age, would be one strategy to improve solvency. While the purpose of the Depression-era…
Medicare telehealth coverage could expire
For many seniors, during the Covid-19 pandemic, the expansion of Medicare telehealth was a godsend. However, the Medicare telehealth expansion will expire on March 31st if Congress fails to act. To read Bracey Harris’ report on this issue, click here…
Possible reorganization of the Social Security Administration?
The Social Security Administration, with staff levels at a 25-year low, announced a “massive” reorganization, with “significant” job cuts. The Administration said, “wholesale abolishment of organizations and positions could happen, as well as reassignments and staff cuts.” How will this…
SSA can fast-track disability decisions for people with severe conditions
Rare Disease Day is an annual international campaign held on the last day of February to advocate for people living with one of approximately 6,000 rare diseases. The goal of Rare Disease Day is to improve access to diagnosis, treatment,…
A Medicaid Per Capita Cap
There are several options under consideration in Congress to significantly reduce Medicaid spending to help pay for tax cuts, with the recently passed House budget resolution targeting cuts to Medicaid of up to $880 billion or more over a decade.…
Who is least likely to implement retirement income solutions
New research found employers’ lackluster stance on the available retirement tools for their employees. Instead, they are analyzing their investment lineups and considering updating plan features as they are worried about workers’ retirement readiness. Amanda Umpierrez reports why employers are…
A wave of new Social Security benefit claims
With the signing of the Social Security Fairness Act into law on January 5, 2025, the Social Security Administration has, “To date, we have processed approximately 30,000 of these new initial claims and, depending on their age and other factors…
How much does the government spend on health care?
Spending on health programs accounts for a substantial share of federal spending; those programs are targets to achieve overall spending goals in current reconciliation discussions by the current administration. With Medicaid being the main focus of federal spending cuts, the…
Check in on your retirement goals
How often do you check on your retirement savings progress? According to a recent NerdWallet survey, only 23 percent of Americans had, in the prior 12 months, evaluated their progress toward retirement savings goals. Erin El Issa outlines how to…
Workers may not be financially prepared for the future
BlackRock, Inc., a multinational investment company, recently released statistics about how Americans plan for retirement. The statistics show that 33 percent of Americans have no retirement savings, and 69 percent have less than $150,000 saved. Caitlin Cahalan reports that American…