Immigrants who receive provisional legal status under President Obama’s new executive orders may be eligible for Social Security and Medicare or Medicaid benefits.  Under the President’s plan, U.S. residents can apply for provisional legal status if they have  lived in the U.S. for at least 5 years, can pass a criminal background check and have

If your spouse has already filed for his or her Social Security Retirement Benefit, and you have reached full retirement age (66 for the current crop of baby boomers), you can receive a monthly spousal benefit equal to half of your retired spouse’s full retirement benefit.  You can do this yourself without filing for your

A recent study by researchers at Stanford University and Harvard University has shown that if a private health plan manages to negotiate lower prices with health care providers, they may make up the difference by providing health care to Medicare beneficiaries. The study examined data from more than 300 geographic regions in the U.S., including

The Centers for Medicare and Medicaid Services has announced that there will be reductions in funding for hospitals who provide care for many low income patients, and for hospitals with too many patients who develop infections while in the hospital.  In addition, there will be higher penalties assessed for those hospitals with readmissions within 30

Many older patients, who are on Medicare or in a Medicare Advantage Plan, are shocked when they are hospitalized for less than 3 days only to find out that Medicare will not pay for nursing home coverage following this brief hospitalization.  These patients, who are technically admitted for “observation” for less than 3 full days,

Many individuals take an early retirement, at age 62, the youngest age at which you can currently receive your Social Security retirement benefit, thinking that they can get a better return on their money by investing the amount they receive from Social Security.  Most retirement experts do not advise this course of action.  First of

I am currently covered by Medicare. Can I keep my Medicare coverage even though marketplace plans are available, or do I need to select a plan through the marketplace?

You can keep your Medicare and you do not need to make any changes to your coverage because of Obamacare. You may have heard about the new requirement that all adults need to have health insurance coverage (known as the “individual mandate”) or have to pay a penalty if they go without health insurance, but your Medicare coverage satisfies this requirement. So if you have Medicare, this penalty won’t apply to you.
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If you work for more than one employer in your career, including both employers that do not withhold Social Security payroll taxes and employers that do withhold SS payroll taxes, the pension you receive from the employer who doesn’t withhold payroll taxes may reduce your overall Social Security Retirement benefits.

Many people do not become aware of the windfall reduction until they apply for their Social Security Retirement benefits and SSA learns that the applicant is also entitled to a “private” pension from a non-withholding employer.
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As we all know, Social Security Retirement benefits are funded, at least in large part, by payroll taxes during a person’s working lifetime. Anyone who has worked at least 10 years and made a minimum of $4,480/year is eligible when they reach their retirement age. Veterans also pay Social Security taxes during their time in the military. Unlike civilians, however, vets all pay social security taxes at the same rate, regardless of their rank or their wage.
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