The Shining City Upon a Hill

[slimslob]

Some will. It all depends on work status past and present.
Those that pass early are S.O.L. and so are they family.
$255 is the max that certain living members can claim. That is ONE payment only.

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My wife receives the spousal benefit and has since she turned 65. It is not automatic. She had to apply to her birth month. Application for Social Security and Medicare parts A and B must be submitted during the 3 calendar months prior to your birth month, your birth month and 1 calendar month after.

[Phil B.]

My wife receives the spousal benefit and has since she turned 65. It is not automatic. She had to apply to her birth month. Application for Social Security and Medicare parts A and B must be submitted during the 3 calendar months prior to your birth month, your birth month and 1 calendar month after.

first timers (like me) have 7 months before my 65th birthday to apply.. then it is the three month re-enrollment .... to change any options you have for Nov 7th to make changes

not sure if that's just for NC or country wide

there is an option to get back $148 into your SSI check.

dentist
vision
hearing
RX
travel to doctors office

those are offered under a supplement insurance program that you have to buy into.

[bsm2]

[Phil B.]

sounds like the 'hill' in NY is starting to tarnish

2nd Former Aide Accuses Cuomo of Sexual Harassment

NEW YORK—A second former aide has come forward with sexual harassment allegations against New York Gov. Andrew Cuomo, who responded with a statement Saturday saying he never made advances toward her and never intended to be inappropriate.
Charlotte Bennett, a health policy adviser in the Democratic governor’s administration until November, told The New York Times that Cuomo asked her inappropriate questions about her sex life, including whether she had ever had sex with older men.
Another former aide, Lindsey Boylan, a former deputy secretary for economic development and special adviser to the governor, recently accused Cuomo of subjecting her to an unwanted kiss and inappropriate comments. Cuomo denied the allegations.
Cuomo said in a statement Saturday that Bennett was a “hardworking and valued member of our team during COVID” and that “she has every right to speak out.”
He said he had intended to be a mentor for Bennett, who is 25.
“I never made advances toward Ms. Bennett nor did I ever intend to act in any way that was inappropriate,” Cuomo’s statement said. “The last thing I would ever have wanted was to make her feel any of the things that are being reported.”
Cuomo, however, said he had authorized an outside review of Bennett’s allegations.
The governor’s special counsel, Beth Garvey, said that review would be conducted by a former federal judge, Barbara Jones.
“I ask all New Yorkers to await the findings of the review so that they know the facts before making any judgements,” Cuomo said. “I will have no further comment until the review has concluded.”

[slimslob]

first timers (like me) have 7 months before my 65th birthday to apply.. then it is the three month re-enrollment .... to change any options you have for Nov 7th to make changes

not sure if that's just for NC or country wide

there is an option to get back $148 into your SSI check.

dentist
vision
hearing
RX
travel to doctors office

those are offered under a supplement insurance program that you have to buy into.

Actually that $148 is the cost of Medicare Part B. If you are receiving Part B through a private policy then the SSA will refund the Part B after they receive confirmation each month. The proper amount for 2021 is $163.40. Before signing up with one of those companies you see on TV constantly, talk to a local independent agent. Preferably one who is already on Medicare.

[Phil B.]

Actually that $148 is the cost of Medicare Part B. If you are receiving Part B through a private policy then the SSA will refund the Part B after they receive confirmation each month. The proper amount for 2021 is $163.40. Before signing up with one of those companies you see on TV constantly, talk to a local independent agent. Preferably one who is already on Medicare.

I did state that was supplemental insurance that afforded those benefits.

[copier addict]

and if you think about it 1,390$ is a JOKE if you take into account:

a mortgage

the increasing cost of electricity

gas ( both types )

now that Biden has removed Trump's deal on Insulin there's that increase.

food

other household expenses.

WE paid into the system our whole working lives.. Congress has been dipping into that coffer for almost the entire time I've been alive. I feel sorry for the ones that have to depend on the Gov't to support them in their latter years.

That's why I encourage young folks to:

buy a house

build their portfolio

invest in HANDS ON precious metals

buy real estate

stay healthy and alert to changing times

clothing

So, depending on how long one lives most people will collect more than they contribute, by a long shot. Sounds a lot like socialism to me.

[slimslob]

So, depending on how long one lives most people will collect more than they contribute, by a long shot. Sounds a lot like socialism to me.

But nowhere near what they would have earned had they invested the same amount into a personal retirement fund or even a government bond fund.

[bsm2]

[BillyCarpenter]

So, depending on how long one lives most people will collect more than they contribute, by a long shot. Sounds a lot like socialism to me.

You finally got something right.


Now for the rest of the story:



According to the 2020 annual report of the Social Security Board of Trustees, the surplus in the trust funds that disburse retirement, disability and other Social Security benefits will be depleted by 2035.

America's top social program is facing a $16.8 trillion black hole



Before answering, let's take a closer look at some of the figures and trends that are perpetuating the idea that America's top social program is doomed.
Every year for the past eight decades, the Social Security Board of Trustees has released a report analyzing the short-term (10-year) and long-term (75-year) outlook for the program. Since 1985, the Trustees have cautioned that long-term revenue collection wouldn't support outlays. In plainer English, the program would be facing a funding obligation shortfall.

In the 2020 report, the Board of Trustees projected that the program will completely exhaust its $2.9 trillion in asset reserves by 2035. These asset reserves are Social Security's net cash surpluses built up since inception. The program hasn't had an annual net cash outflow occur since 1982, but the Trustees are forecasting one in 2021 (and every year through 2035).
What's more, the program is facing an estimated $16.8 trillion cash shortfall between 2035 and 2094. For context, that's up $2.9 trillion from the 2019 report and $5.7 trillion since 2015. The longer lawmakers wait to resolve Social Security's financial shortcomings, the costlier the fix is becoming.