Kevin Knauss: Health, History, Travel, Insurance
Posts related to Social Security in regards to Medicare eligibility and the low income subsidy for Part D prescription drug plans.
The next set of calculations are truly mind bending. The SSA has to bend your AIME into a Primary Insurance Amount (PIA.) The PIA is what you will receive at your Full Retirement Age, 67 if born in 1960 or later. The AIME is bent lower by a series of calculations using Bend Points. The specific Bend Points are from the year you turn 62.
The main takeaway is that the calculations for the ACA health insurance income estimates are separate from determining the tax on Social Security benefits. Specifically, all the Social Security income is included on the Covered California application as income, but only ½ is used for the combined income calculation of Social Security income taxes.
People over 65 bring a lot of value to the table because of their reduce cost of employment: Medicare, pensions, Social Security
In the last of three Town Hall Meetings, Rep. Dan Lungren (R-Sacramento) had to face a crowd full on angry constituents over his positions on Medicare, social security, higher education, women’s health issues and the environment.
All the necessary information is on the Medicare Advantage application (Social Security #, address, EFT) to steal a senior’s identity or start a scam. Is this how we protect our seniors, with easy access to their personal information?
