The Pandemic, and Social Security’s and Medicare’s Future
The most recent report by the Trustees of Social Security and Medicare predicted that the Social Security Trust Funds would be facing insolvency in about 2035 and that the Medicare Part A Trust Fund would face the same issue even sooner. But that was before the COVID-19 pandemic ravaged the American economy, and severely and adversely affected income for both of these critical American benefit programs. This Forbes article by contributor Chris Farrell explores how the pandemic might affect the future for both Social Security and Medicare, based upon analyses by noted experts. Click here to read more.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.