CHICAGO, July 30 (Reuters) – Medicare turns 50 on Thursday,
riding high in the polls but under attack from presidential
candidates proposing benefit cuts or even phasing out the U.S.
healthcare program for older people.
When President Lyndon Johnson signed the law, half of
Americans age 65 or older had no health insurance. Today, just 2
percent go uncovered.
CHICAGO (Reuters) – If you plan to retire soon, add this item to your to-do list: a visit to the dentist before your dental insurance disappears.
Retirees transitioning to Medicare are often surprised to learn that the program does not cover routine dental care or more complex procedures.
CHICAGO, July 9 (Reuters) – When presidents call Americans
together to talk about aging, major change is possible. The
first White House Conference on Aging in 1961 played a midwife’s
role in the birth of Medicare; the 1971 conference led to
creation of the automatic cost-of-living adjustment for Social
Security, which has been in place since 1975.
This year’s conference, set for Monday, July 13, could have
similar impact in a country facing the challenges of a rapidly
CHICAGO, June 26 (Reuters) – Friday’s U.S. Supreme Court
ruling on same-sex marriage will give a huge boost to the
retirement security of LGBT Americans. That will be especially
true in the realm of Social Security – where it pays to be
The ruling will affect everything from access to spousal
pension and retirement accounts, health benefits and more. But
Social Security really is the headliner. Recognition of same-sex
marriage in all 50 states will guarantee access to Social
Security’s spousal and survivor benefits, which are the most
valuable features of the program.
CHICAGO (Reuters) – How much money you will need to save to enjoy a secure retirement depends on the ultimate unknowable: How long will you live?
The possibility of running short is called longevity risk, and the Obama administration last year established rules to foster a new type of annuity, the Qualified Longevity Annuity Contract, that would provide a steady monthly payment until you die.
CHICAGO, June 18 (Reuters) – Americans are living longer, so
why not lower the eligibility age for Medicare?
That prescription might sound upside down: rising longevity
often is used as an argument for delaying Medicare eligibility
past age 65. However, one of the country’s top experts on
geriatric medicine actually thinks Medicare should start
covering preventive healthcare when we turn 50.
CHICAGO (Reuters) – Ready for a quick quiz on how Social Security benefits work?
You should ace it. After all, Social Security is the most important retirement benefit for most Americans, and understanding the rules is critical for getting the most out of the program.
CHICAGO, June 4 (Reuters) – The hand-off from employer
health insurance to Medicare can be one of the trickiest
challenges you will face in managing your retirement.
The rules are full of pitfalls that can cost you thousands
of dollars in unnecessary premiums or lead to a risky gap in
CHICAGO (Reuters) – Americans need bigger retirement nest eggs, there is no doubt about that. More than half of us have saved less than $25,000, according to the Employee Benefit Research Institute.
Policy experts often point to such figures to underscore the looming retirement security crisis, and proposals have been flying this year from Republicans and Democrats alike for ways to encourage people to sock away more money.
CHICAGO, May 21 (Reuters) – The U.S. Supreme Court ruled
this week that employers have a duty to protect workers in their
401(k) plans from mutual funds that are too expensive or perform
Monday’s unanimous ruling sends a strong signal that
employers must improve their plans. And it comes just as the
Obama administration prepares a landmark change of its own by
issuing rules requiring that financial advisers put the interest
of customers ahead of their own.