When to Apply for SS Benefits

People don’t always hate their jobs; sometimes they love it. Sometimes, they would rather keep working while they feel like they still have the energy to keep doing so, before cashing in their retirement chips. Is there any real danger in postponing an application for Social Security benefits?

The answer is: YES!

You could lose access to thousands of dollars that could be yours. Benefits typically rise 8 percentage points a year between your full retirement age and the age of 70, after which no credits accrue. You have six months’ worth of back benefits available to you if you apply late. So if you apply at the age of 71, that’s a year’s worth of payments that can not be redeemed or recovered.

The lesson here: don’t wait!

Shingles Vaccine Shortage

If you are in the habit of getting vaccinated for shingles, you may be forced to wait. Shingrix — which is the vaccine for shingles prevention — has been such a sought after thing that its maker, Glaxo-SmithKline hasn’t been able to produce enough supply to keep up with the demand.

This particular vaccine is recommended for those older than 50, but many who are over 50 are having trouble getting it. There are allegedly no manufacturing problems, the company just wasn’t expecting so many people to want it.

Many individuals are desperately trying to avoid shingles, since it causes a rash that can be extremely painful, itchy and even in some cases debilitating. Sometimes it even leaves long-lasting nerve damage for months or years after contracting it.

Shingles comes from the childhood virus chicken pox, which goes dormant for years, until reactivated sometime after the age of 50 usually. 1 in 3 people are likely to have it at some point in their lives, and it can be reoccurring.

Studies have shown that two vaccinations between two to six months apart were more than 90% effective at preventing the rash, and almost 90% effective at preventing nerve complications.

Talk to your doctor to see if it is available, or how long the wait list is for the vaccine should you so desire it.

Stay healthy!

Article Originally Posted in the New York Times
Original wording changed for reposting purposes


A Brief History of American Medical Insurance

SeniorQuote has posted similar articles before on the history of medical insurance in America, specifically in regard to Medicare and sometimes even social security.

Today we’d like to refer you to another wonderful article summarizing American Medical Insurance, speicifically in regards to why and how it came to be so expensive, and what the high costs are doing to the economy.

Featured in Hillsdale College’s Imprimis September 2018 • Volume 47, Number 9 this article was originally written by John Steele Gordon, the author of An Empire of Wealth: The Epic History of American Economic Power. John was educated at Millbrook School and Vanderbilt University. His articles have appeared in numerous publications, including Forbes, National Review, Commentary, the New York Times, and the Wall Street Journal. He is a contributing editor at American Heritage, where he wrote the “Business of America” column for many years, and currently writes “The Long View” column for Barron’s. He is the author of several books, including Hamilton’s Blessing: The Extraordinary Life and Times of Our National Debt, and The Great Game: The Emergence of Wall Street as a World Power.

Click on this link to read the piece.