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Are Social Security benefits taxed?
Do you have to pay income taxes on your Social Security benefit? About 40 percent of people who get Social Security must pay federal income taxes on their benefits. However, this usually happens if you have other substantial income in…
This 2025 Medicare Change could reduce out-of-pocket expenses
Medicare changes every year, and 2025 was no exception. Although those changes usually involve higher premiums and deductibles for recipients, these two changes may reduce some seniors’ out-of-pocket expenses. How will seniors benefit from these changes? Kailey Hagen explains the…
Will you qualify for back payments under the Social Security Fairness Act?
The Social Security Fairness Act signed into law on January 5th, ended the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO). These provisions reduced or eliminated the Social Security benefits of over 3.2 million people who receive a pension…
Not just retirees who are impacted by Social Security changes
Although the yearly announcement from Social Security on the upcoming changes is aimed at retirees, those still working need to be aware of those changes as well. Why? Maurie Backman explains the two new rules for 2025 that could affect…
A Look Back in Time: Comparison of Social Security Benefits in 1974 and 2024
Stefon Walters for The Motley Fool provides a look at how Social Security has increased over the years. He also mentions the difference in the cost of goods between then and now. Read here… The link provided above connects readers to…
Identity Theft Awareness Week – January 27-31
The Social Security Administration is providing two webinars during the week to help you learn how to protect yourself from ID Theft. Attendance is free. Along with information on avoiding identity theft you will also hear about free tools and…
The Inflation Reduction Act’s Medicare Drug Price Negotiation Program updated
The Inflation Reduction Act of 2022 included several provisions to lower Medicare drug costs by requiring the Secretary of Health and Human Services (HHS) to negotiate prices with drug companies for certain drugs covered under Medicare Part D. Juliette Cubanski…
An Analysis of the Future Potential Result of the Passage of HR82
The repeal of the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) made the headlines at the end of 2024. So what happens next? How will the repeal affect Social Security Solvency? Will there be some corrective tax…
Medicare Advantage enrollment has increased
Of the Medicare-eligible individuals, 54 percent are enrolled in Medicare Advantage plans. Why has Medicare Advantage plan enrollment increased as rapidly as it has? According to new research, the Medicare Advantage plan’s ability to cover extra benefits, reduce premiums, and…
Review of Three Important Social Security Rules
Social Security has hundreds of rules. Most are pretty straightforward, but there are a few that are somewhat obscure and not very well known. It is crucial to know about these rules if you happen to be affected by them.…