Originally posted to BenefitsPro via LifeHealthPro | APR 08, 2015 | BY JOSEPH F. STENKEN The Social Security Act has established numerous programs which provide supplemental income for insured individuals and their families in the event of disability, when they retire, or at death. This supplemental income acts as a safety net — especially in old age — and keeps an estimated 43 … Read more
Changing the benefit formula. Updating the COLA. Providing caregiver credits. All of these notions are apparently on the table, at least for the moment, as the Senate Finance Subcommittee on Social Security, Pensions and Family Policy digs into how best to ensure the solvency of Social Security. Social Security is financed through two trust funds, … Read more
Everyone knows that health care costs in the U.S. are rising. An index introduced Thursday puts that rise into grim perspective. HealthView Services’ new Retirement Health Care Cost Index shows that middle-class Americans are approaching the day when they will have to use their entire Social Security benefit to pay for their health care. The index … Read more
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