Medicare Legislation Anniversary

Tomorrow is the 51st anniversary of Medicare legislation.   On July 30, 1965, President Lyndon B. Johnson signed Medicare into law to provide health insurance for the elderly.  The Medicare legislation was signed in Independence, Missouri, in the presence of Harry S. Truman who opened the fight for such legislation in a message to Congress in…
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Is Age 65 Still Important For Social Security Retirement?

Q: Is age 65 still important for Social Security retirement? A: While age 65 is important as the starting age for Medicare, it has no special meaning for Social Security retirement anymore. Until the Social Security Amendments of 1983, retirement benefits were not reduced for age if you waited until age 65 before starting them.…
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Payroll Tax Continues If Working After Retirement

Q: My mom is 67 years old and receives Social Security retirement. She also works part-time and noticed that Medicare is taken out of both her paycheck and Social Security benefit. She is wondering why. A: Two different issues are involved. The Medicare Part B (Medical Insurance) monthly premium is routinely deducted from Social Security…
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Medicare And Pre-existing Health Problems

Q: Will existing health problems prevent me from getting Medicare coverage? A: Existing health problems will not prevent your enrollment in Medicare. Many people think of Medicare as beginning only at age 65 but that is not the full story. People younger than age 65 and receiving Social Security benefits based on their own disability…
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Questions For You Before Starting Social Security

Recent posts touched upon starting Social Security retirement early, meaning reduced because you are younger than full retirement age (FRA). I hope these posts provided you with additional ideas to consider. Deciding to retire is a major decision and Social Security benefits are just one part of that decision. As noted on the earlier posts,…
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