AMAC Foundation
Demystifying Medicare
Medicare, part of President Lyndon Johnson’s “Great Society,” was first enacted in 1965. As it has evolved over the decades, Medicare now consists of four unique “parts,” each designed to provide specific healthcare insurance coverage to American seniors. “Original Medicare”…
Social Security: Claiming early vs. waiting for higher benefits
Claiming Social Security “early” (before full retirement age) is still the most popular option for many American seniors, even though they know waiting longer will substantially improve their monthly benefit. Two recent surveys revealed that nearly half of unretired Americans…
Demystifying Social Security’s “Earnings Test”
Social Security’s “Earnings Test” These days, working throughout one’s sixties and into and even beyond one’s seventies is very common. Recognizing that reality – and considering another which shows that most people today claim Social Security benefits in their early…
Concerned about Social Security? Don’t be!
If you pay attention at all to media accounts and armchair pundits, you are already aware that Social Security has a looming solvency issue, expected to come to a head in less than a decade. According to the Trustees of…
Demystifying Child-in-Care Spouse Benefits
A Spouse Can Get Social Security Benefits Before Age 62 Most couples know that age 62 is the normal minimum age to apply for Social Security spousal benefits. But many are not aware that spouse benefits are available to spouses…
Demystifying Your Social Security Benefit
Your Social Security Benefit Winston Churchill famously described the Soviet Union as “a riddle inside an enigma wrapped in a mystery.” That is also an apt way to describe your Social Security benefit, or so it seems when trying to…
Ask Rusty – Do I Need to Sign Up for an Online Social Security Account?
Dear Rusty: I recently I heard the tail end of a radio program which was discussing “signing up for my Social Security account.” I am now 76 years old and have been receiving my SSA monthly amount directly into a…
Medicare Advantage is changing for many!
“Medicare Advantage,” also known as “Medicare Part C,” will undergo some significant changes for 2026. Thus if you currently have a Medicare Advantage plan, be sure to do your due diligence as the new year approaches! Medicare Annual Open Enrollment,…
Medicare “Open Enrollment” is now – Here’s how to save money!
The annual Medicare “Open Enrollment period is upon us, starting on October 15th and running through December 7th. This is the time of the year when you can change your Medicare coverage, and it is the best time to evaluate…
Medicare and a Health Savings Account
Now that you are on Medicare, or getting ready to go on Medicare, you may not be able to contribute to your Health Savings Account (HSA) any longer, but you can still use it to pay for qualifying medical expenses.…