Learn more about your Social Security benefits and strategies when filing for Social Security retirement.
Category: Social Security
Statement About Service from Andrew Saul, Commissioner of Social Security
A message from Andrew Saul, Commissioner of Social Security: About a year ago, I took the unprecedented step to close our offices to the public. I did this to keep our employees and you—the public we serve—safe. As we enter year two of the COVID-19 pandemic, vaccines and other precautionary measures give us cause for hope. … Continue reading Statement About Service from Andrew Saul, Commissioner of Social Security
Status of the Medicare Trust Fund
There has been a certain amount of educated speculation about the effect of COVID-19 on the Social Security and Medicare systems. The 2020 OASDI Trustees Report, which was prepared before the pandemic gained a foothold and showed financial results through 2019, projected an exhaust date of 2035 for the combined OAS and DI funds. In … Continue reading Status of the Medicare Trust Fund
Can Congress Cut the Budget for Social Security?
No. Medicare and Social Security are MANDATORY expenses! Mandatory spending pays for U.S. federal programs that have already been established by Congress under so-called authorization laws. These laws both establish the federal programs and mandate that Congress must appropriate whatever funds are needed to keep the programs running. In other words, Congress cannot reduce the … Continue reading Can Congress Cut the Budget for Social Security?
What To Do if You Move (With Your Health Insurance or Medicare)
Any time you move, contact your insurance agent no matter what your age to see if you need to change or SHOULD change plans. Often, your time is limited to do this so it's important to contact your agent BEFORE you move so they can help you plan. Usually you only have 60 days and if … Continue reading What To Do if You Move (With Your Health Insurance or Medicare)