‘Still many millions of older people on the edge,’ AARP president says
The poverty rate among older Americans could be nearly twice as high as the traditional 10 percent level, according to a revision of a half-century-old formula for calculating medical costs and geographic variations in the cost of living.
Read more via Hidden pockets of elderly said to be in poverty – U.S. business- msnbc.com.
Find and Compare Nursing Homes in your area. Search by name, city, county, state, or ZIP code.
Read more via Medicare.gov – Nursing Home Compare.
|
For people who choose to defer benefits until age 66, it generally takes about 12 more years to collect as much as if you started getting checks at 62. So you break even, so to speak, about age 78
via Collect Now, or Later? Timing Social Security Benefits – NYTimes.com.
It looks like Social Security will not provide a cost-of-living adjustment to beneficiaries in 2010 (and the Congressional Budget Office projects that there may not be another Social Security cost-of-living increase until 2013). But health-care costs continue to rise, and Medicare Part B premiums — which are designed to cover about 25% of the total costs of Part B — are also expected to go up. Because Medicare Part B premiums are usually deducted from Social Security payments, some people will see those payments decrease next year.
Read more via Social Security Payments Could Shrink for Some – Kiplinger.com.
Grandparents, retirees and struggling seniors have waited months for this.
Tens of millions of Social Security recipients will see their bank accounts jump by $250 starting Thursday, when the government began sending out checks and transferring funds for a one-time boost coming from the stimulus bill passed in February.
The payments are flowing to nearly 55 million seniors and retirees between now and June 4, with a huge batch of checks hitting the mail this week.
Read more via $250 checks going to millions of seniors Thursday – CNN.com.