Q & A
What’s the Difference Between EPOs, PPOs, and HMOs?
Answer: When picking a health plan, comparing an EPO vs HMO, or an EPO vs PPO, can be confusing. Think of EPO health insurance as a cross-breed between an HMO and a PPO; an EPO has some of the characteristics of…
Should I apply for Disability or regular Social Security benefits?
Complete Question: I wanted to apply for Social Security at 62, but quickly realized that the reduced benefits were too low and I needed to work until age 66 for full benefits (I also do not have 35 years of…
Medicare: Answer:What Does “Medically Necessary” Mean?
Answer: Medicare will only pay for services that are considered to be medically necessary. According to Medicare, services or supplies are considered medically necessary if they: Are proper and needed for diagnosis, or treatment of your medical condition. Are provided for…
Why does my statement show a different benefit amount for disability and regular Social Security?
Complete Question: I just turned 45, so I thought it would be a good idea to take a look at my statement of estimated benefits. As expected, it showed my different estimated benefit amounts for early retirement (62), full retirement…
Can Social Security Be Garnished?
Answer: If creditors and debt collectors are hounding you for money, you may wonder: Can Social Security be garnished? The answer is: It depends on to whom you owe money. Banks and other financial creditors can’t touch your Social Security benefits, but…
I lost my Social Security card. Now what?
Complete Question: I lost my wallet, which had my Social Security card in it. It’s been a real annoyance. Besides the obvious issues that come with losing a wallet, when I went to get a new driver’s license, they wanted…
Tricare, Medicare questions from woman turning 65.
Full Question Set: My husband is on active duty until 2017. He’s six years younger than me; I’ll turn 65 in November and become eligible for Medicare. 1. Will I receive a new military ID card? I noticed it expires in…
This summer, I’ll turn 65 and, because of my financial situation, I thought I’d be eligible for Supplemental Security Income (SSI). But my neighbor told me I’d probably be turned down because I have a friend who said he might help support me. Is this true?
Answer: If your friend helps support you, it could have an effect on whether you get SSI and on the amount you would receive. If you have low income and few resources, you may be able to get SSI. However, if…
Why is there a five-month waiting period for Social Security disability benefits?
Answer: Social Security provides only long-term disability, so we can pay benefits only after you have been disabled continuously for a period of five full calendar months. Social Security disability benefits begin with the sixth full month after the date your…
If I retire at 62, do I receive benefits based on me drawing at 62, or based on my ex drawing at 65 which could be a big difference?
Full Question: My husband and I were married for about 35 years and recently divorced after a 9 year separation. He is 63 and will be retiring and collecting Social Security when he is 65. I would like to retire when…