Medicare Part B Premium Increase for 2022 Largest Ever
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Medicare Part B Premium Increase for 2022 Largest Ever

  Medicare’s Part B monthly premium for 2022 will increase by $26.60, the largest dollar increase in the health insurance program’s history, the Centers for Medicare & Medicaid Services (CMS) announced on Nov, 12. Standard monthly premiums for Part B will cost $170.10 in 2022, up from $148.50 in 2021. Medicare Part B covers doctor…

Why is your retirement age seniors still working?
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Why is your retirement age seniors still working?

You can make a difference in people’s lives. These success stories, repeated anonymously can be a great catalyst for getting referrals. Once I share this story, you might think about which current clients fit into the same situation. I had a longtime client. I really liked her and the feeling was mutual. One day when…

Big 2022 Social Security COLA announced after much speculation
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Big 2022 Social Security COLA announced after much speculation

Social Security recipients are looking forward to the largest cost of living adjustment in four decades in January. The tradeoff, however, is that they may need that added income to counter rising inflation. “COLAs are intended to protect the buying power of Social Security benefits but, according to consumer price data through July of 2021,…

Highest Social Security COLA increase in nearly 40 years could be coming
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Highest Social Security COLA increase in nearly 40 years could be coming

In 2021, Social Security benefits increased by just 1.3 percent, raising the average benefit by only about $20. Social Security recipients can look forward to one of the largest cost-of-living adjustments in nearly 40 years in 2022. The Senior Citizens League predicts an increase of 6.2 percent based on consumer price index data from July. “The estimate is significant,…

5 opportunities Social Security’s new statements offer advisors, participants
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5 opportunities Social Security’s new statements offer advisors, participants

Social Security statements already served as handy tools. But the changes that the Social Security Administration is rolling out will help advisors and clients even more. Advisors who have never used their clients’ Social Security statements to provide a clearer picture of how much they will get when they retire have been missing an opportunity, according to advisors and financial planners interviewed….

Claiming Social Security: Too many think it’s “as simple as flipping a switch”

Claiming Social Security: Too many think it’s “as simple as flipping a switch”

Lack of knowledge about Social Security is like getting a new job but not asking when you would start and how much you would make. When it comes to Social Security benefits, many Americans may be leaving a lot of money on the table – but financial professionals and employers can help with that, according to…

Is it time to overhaul America’s social insurance system?
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Is it time to overhaul America’s social insurance system?

A new report considers changes in social insurance programs, from workforce training to health care, as the U.S. recovers from COVID. Are Americans ready for an in-depth discussion of social insurance systems and how to improve them? At a time of deep partisan divisions and ongoing economic uncertainty, such policy discussions may seem academic to…