Medicare and Social Security Age Differences

Tom KennedyMedicare

If you are turning 65 in the near future and considering enrollment in Social Security and Medicare, you should be aware of their distinct age differences. There is a lot of confusion now between the enrollment ages for both programs, and it has left many people wondering what they should do with Medicare. In fact, “Time Magazine” reported Social Security experts are still unclear about the new law. Social Security age changes The Social Security landscape has changed significantly in recent years. According to the National Academy of Social Science, the full benefit age for Social Security eligibility is now 66 for people born between 1943 to 1954. However, the age will eventually increase to 67 for people born after …

Why the Average Retirement Age is Rising

Denise GillinHuman Resources, Medicare, News

Social Security, pension type, and education are factors that have contributed to the rise in the retirement age since the mid-1980s, writes Alicia H. Munnell, director of Boston College Center for Retirement Research, in this article on MarketWatch. Other factors that have also spurred an increase in retirement age are improved health and longevity, jobs becoming less physically demanding, writes Munnell. “While all these factors help explain the gains since the mid-1980s, I was concerned that they had played themselves out. At least for men, though, the increase in the average retirement age from 63.9 in 2013 to 64.6 in 2015 is encouraging.” Tell me more >>>