medicare

What will one’s NET Social Security increase be in 2021?

Medicare and Social Security are so intertwined that a common question we here at The AMAC Foundation get is this: “what will my net Social Security increase be?”  That is, people seek to know how their monthly check will increase after…

Medicare and Costs Related to COVID-19

There are quite a few fast-moving parts involved with the evolving coronavirus pandemic, and one of the more frequently asked question areas these days is the handling of costs associated with COVID-19 testing and treatment. To address these questions, the…

MEDPAC Report Calls for Immediate Medicare Tax Increase

MedPAC, the independent nonpartisan legislative branch agency established by the Balanced Budget Act of 1997 to provide the U.S. Congress with analysis and policy advice on the Medicare program, released its March 2020 report to Congress last Friday. Citing a projected depletion of the…

Medicare: Looking at Some of the Basics

Medicare is one of those programs that we all know about, but do we really? It’s always good to step back and take a fresh look at programs like this to be sure we have a good understanding of the…

Healthcare Spending in Retirement: Now Approaching $300,000

Even with Medicare, retirees today can expect to absorb an enormous tab for healthcare during their later years. According to The Motley Fool’s Katie Brockman, this tab can be expected to reach $296,000. Her analysis is based on the results of…

Ask Rusty – About Medicare and Social Security

Dear Rusty: I know that when a person turns 65 he or she must enroll in Medicare. I have been informed that the charge for this would be deducted from the Social Security benefit, if it has been claimed. Otherwise,…

What If I Sign Up for Medicare Before Social Security?

Maurie Backman notes that signing up for Social Security before Medicare matters little as far as the mechanics of it all.  Age 62 is currently the most popular age to file for Social Security, even though seniors have between ages 62 and 70…

The Unnoticed Trillion Dollar Budget Gap 

In the 1980s critics of overspending pointed to record deficits (averaging $167 billion a year then) and were often met with replies from supply-siders—“Don’t worry about federal deficits.  They’re big enough of take care of themselves.”  President Reagan even uttered…

Turning 65 in 2019– Here’s your “Need to Know”

Dan Caplinger’s piece here states the most important thing about turning 65 is that you become eligible for Medicare, the first opportunity for most people to gain eligibility for this important healthcare program.  But, unless you’re already getting Social Security, signing up for…

Signing Up for Medicare & Social Security at the Same Time. Should you?

The answer to whether one should sign up for Social Security and Medicare together at age 65 is a hard, “it depends.”  Medicare Part B premiums can be deducted from Social Security benefits, and that ease and peace of mind…

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