Social Security Fairness Act Changes Rules on Medicare Premium Payments for Millions of Retirees

Snippet of Article: "...If your newly adjusted Social Security benefit is large enough to cover Medicare premiums, you may no longer need to pay those premiums out of pocket. Instead, the premium amount will be automatically deducted from your monthly Social Security check.

This includes:

Medicare Part B (Medical Insurance)
Medicare Part D (Prescription Drug Coverage)

This deduction process streamlines the payment method, reducing the chance of missed payments and ensuring uninterrupted coverage. 2. Direct Billing Will Continue for Some..."

If your annual income crosses certain thresholds due to benefit increases, you might fall into a higher IRMAA bracket, leading to higher premiums.

Source: weekendspy.com

Medicare Part B (Medical Insurance), Medicare Part D (Prescription Drug Coverage),

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Federal Worker Shortage Coming With Mass Retirement Wave Possible

Article Title: Wave of federal retirees to hit government

Snippet of Article: "...30% of the federal workforce will be eligible to retire in the next three years, according to a Government Accountability Office report. That means the government could be hit by a wave of retirements at a time when it is already dealing with inadequate staffing..."

Source: cnn.com

Should Rules for All Include Congress?

Article Title: Should Rules for All Include Congress?
Snippet of Article: "...Congress is covered now by the Federal Employees Health Benefits Program, the same plan that covers eight million other federal workers, retirees and their families...."

Source: prescriptions.blogs.nytimes.com

[tag]Federal,Government,Military,Retiree, [/tag]

Government employees do share tax burden

Article Title: Government employees do share tax burden
Snippet from Article: "...Many federal retirees do not receive Social Security benefits because they have not worked in a non-government job for a sufficient amount of time. Those that are eligible have their benefits substantially reduced by the Government Pension Offset and Windfall Elimination Provision...."
Source: www.islandpacket.com

[tag]Federal,Government,Military,Retiree, [/tag]