Learning Center

How Does Medicare Part C Work?

Today in the United States, there are over 20 million people who rely on a Medicare Advantage (Part C) plan for their Medicare coverage for health care. That means that one out of every three Medicare beneficiaries has a Part C policy. You can purchase Medicare Advantage (MA), or Medicare…

Does Social Security Work for Spouses?

When the topic of spousal benefits comes up, it is often connected to the other spouse’s death. However, as a spouse, you may be entitled to benefits while your better half is still living and receiving their retirement benefits. Even if you have not worked under Social Security yourself, you…

When Does Social Security Become Taxable?

When you retire, you begin seeing a monthly deposit from the Social Security Administration. The amount of these benefits is determined based on your age at retirement, your income, and your work history. But, after retirement, questions that commonly pop up include: Do I still have to pay taxes, and…

Is Social Security Going Up in 2020?

Social Security income is a necessity for many Americans. After retirement, Social Security may be the only income that is coming in on a regularly basis, and because of this, the amount of these benefits is critical for financial planning, especially for individuals that have only limited amounts of savings….

Will the Social Security Office Call You?

All too often, a call comes in from an unknown number. Should you even answer it? Let’s say you do. It’s a call from the “Social Security Administration” telling you that your benefits will be revoked or that legal action will be taken against your Social Security Number unless you…

Does Social Security Count as Income for Medicaid?

The Social Security Administration (SSA) oversees and manages several federal programs that pay allotments to beneficiaries and qualifying dependents. Whether your income from the SSA will be included or excluded for Medicaid eligibility will depend upon which federal program you are enrolled in. TYPES OF SOCIAL SECURITY INCOME INCLUDED IN…

Does Social Security Count as Income?

Although Social Security is used as supplemental income for many recipients, others rely on it as a sole source of income. Regardless of the case, it’s important to know whether or not Social Security payments count as income for tax purposes and other financial contracts. In most cases, tax liability…

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When Does Social Security Start?

Social Security is a source of monthly funds that many seniors rely on in order to take care of household costs, including food and utilities. It was put into place in 1935, and today, the program serves nearly 100 million people across the United States. The program is designed to…

How Does Social Security Disability Work?

For many people, even those who diligently plan for a rainy day, disability is often overlooked as a potential life crisis. Perhaps you have purchased life insurance and have been investing in a savings plan but have not given much thought as to what you or your family would do…