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Understanding the Connection Between Social Security and Medicare
Reaching your sixties means it’s time to look ahead to your retirement years, and that means starting to take a look at what senior benefit programs like Social Security and Medicare will mean to you. It can appear to be a daunting time, with many questions ahead: Will I need Medicare when I reach 65? Must I claim my Social Security benefit in order to enroll in Medicare? What will my Social Security benefit be if I retire early? The list of unknowns can seem kind of long, so the earlier you start to think about the way these two programs interact, the easier it will be when you get there.
Bankrate’s Rachel Christian offers valuable background information on Social Security and Medicare in a post on their website, which you can access here. Her article covers the basic format of both programs, as well as the mechanics of how the programs work together, and includes a set of basic frequently asked questions to help newcomers understand the information flow.
After reading Ms. Christian’s post, if you still have questions about how the rules apply to your personal situation, know that the AMAC Foundation offers a free-to-the-public Advisory Service that can help you. Visit the Foundation website for information on how to access this service.