Q & A
What’s Your Social Security Breakeven Date?
Answer: Deciding when to take your Social Security benefits is a key decision that will affect your finances for the rest of your life. But many Americans don’t know how to make a smart choice about starting to receive their…
Getting Social Security Disability Benefits for Anxiety Disorders
What you need to prove to get Social Security disability benefits for a severe anxiety disorder. While many individuals claim they are affected by anxiety or stress, an anxiety disorder is a mental condition in which extreme feelings of worry…
Can a judgment creditor garnish private disability payments?
Answer: Probably not. Many states won’t allow judgment creditors to take your private disability income. And even if states do allow garnishment of private disability, federal law may protect all or a portion of those payments. Read more… Source: http://www.nolo.com, October 18,…
Retirement: Should you live longer than you plan, how do you survive?
Answer: The decision you take at the end of your working career on how and where to invest your retirement fund is critical in determining how far you will enjoy the remaining part of your old age. This is because the…
What are your rights to patient privacy?
Full Question: “I work for a Fortune 500 company and I went out on disability. I had been sexually assaulted (off the job) and suffer from post-traumatic stress disorder. I have become extremely anxious and depressed. I filed for time off…
I am looking at the Trust Fund Data of Social Security & Medicare Tax rates from the Social Security Administration website. For the year 1971-72, I see a 4.6 withholding rate under OASDI and .600 under HI. Would a federal employee covered under CSRS in 1972 have paid the 0.6 percent into Medicare? I know they would not pay the 4.6 under OASDI.
Answer: No. Federal employees weren’t covered by Social Security until Jan. 1, 1984. Source: http://blogs.federaltimes.com – November 16, 2013
Does quitting at 63 affect my Social Security?
Answer: A Social Security benefits are based on your 35 years of highest earnings. Have you worked at least that long? Then quitting at 63 probably won’t have a major impact, says Jonathan Peterson, author of Social Security for Dummies. Read more……
What are Medicare Prescription Drug Plans (PDPs)?
Answer: In 2003, the federal government enacted a Medicare prescription drug coverage benefit for Medicare beneficiaries. Private insurance companies, whose plans have been approved by Medicare, sell Medicare PDPs. Everyone with Medicare is eligible to enroll in a PDP, regardless of income…
What are my options if I want to enroll in a Medicare PDP?
Answer: You can enroll in a stand-alone prescription drug plan (Medicare Part D) or you can choose a Medicare Advantage plan (Medicare Part C) that includes the new drug benefit. You will want to compare plans and select the one that best…
What is Supplemental Security Income?
Answer: The SSI program provides monthly payments to people with limited income and financial resources who are age 65 or older, blind or disabled.This year, the maximum federal SSI payment is $710 a month for a person and $1,066 a month…