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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2016 Social Security Board Of Trustees Report

The Security Board of Trustees released its annual report on the long-term financial status of the Social Security Trust Funds last week. Lots of current and historical Trust Fund information is available through the Social Security website, www.socialsecurity.gov. From the Menu box, go to Research, Policy & Planning and then to Solvency of Social Security.…
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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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Social Security & Women

Q: Are Social Security benefits the same for women and men? A: Program legislation is gender neutral so individuals with identical earnings histories are treated the same in terms of benefits, so yes; Social Security benefits are the same for women and men. Differences outside of Social Security, such as interrupted work patterns, overall earnings…
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Railroad Employment & Social Security

Q: My neighbor works for the railroad and said he will not get Social Security at retirement. Why is that? A: Most, but not all, employed people pay into Social Security and become eligible for benefits. Railroad employment is an exception with a separate system administered by the Railroad Retirement Board. Although two very different…
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