Learn More + Earn More = Live Longer?

How long you live has a lot to do with income and education. That’s the message from experts who testified on Nov. 20 at a U.S. Senate hearing on “Dying Young: Why Your Social and Economic Status May Be a Death Sentence in America.” >> Sign up for the AARP Money newsletter. As Steven Woolf, M.D., the director of the Center on Society and Health at Virginia Commonwealth University, put it, “the lower people’s income, the earlier they die and …

AARP: Don’t Shrink Social Security’s Cost-of-Living Adjustment

The annual Social Security cost-of-living adjustment (COLA) is critically important to the financial security of the nearly 58 million Americans receiving benefits. By providing protection against inflation, the COLA helps beneficiaries of all ages maintain their standard of living, keeping many from falling into poverty. The COLA announced today is vital to millions, but at an average of just $19 per month, it will quickly be consumed by the rising costs of basic needs such as food, utilities and health …

Study: 5.2 Million Americans Will Fall Into Medicaid ‘Coverage Gap’

By Phil Galewitz, Kaiser Health News About 5.2 million poor, uninsured adults will fall into the “coverage gap,” created by 26 states choosing not to expand Medicaid under the federal health law next year, according to a study released today by the Kaiser Family Foundation. (Kaiser Health News is an editorially independent program of the foundation.) Sign up for the AARP Health Newsletter These people are projected to have incomes too high to qualify for their state’s existing Medicaid programs, but below the federal poverty …

Losing a Job and Insurance? The New Marketplace Might Help

By Michelle Andrews, for Kaiser Health News Workers who lose their jobs and their employer-based health insurance will have new coverage options when the Affordable Care Act’s state marketplaces open in October. But consumer advocates are concerned many may not realize this and lock themselves into pricier coverage than they need. Today, the only option for many laid-off workers is to continue their employer-provided coverage for up to 18 months under the federal law known as COBRA. Because they have to pay the …

Social Security’s 78th Anniversary: Then and Now

To help celebrate Social Security’s 78th anniversary, here is a comparison of how the country – and Social Security – have changed since 1940, when Ida May Fuller received Social Security’s first monthly benefit. Since 1940, the number of Americans age 65 and over has quadrupled, more than doubling as a percentage of the population. Sources: http://www.census.gov/prod/www/decennial.html and http://www.census.gov/population/age/data/2011.html   The number of individuals receiving a Social Security benefit, since benefit checks were first issued in 1940, has increased over …

Will You Get an Insurance Subsidy? How Much?

By Julie Appleby, Senior Correspondent, Kaiser Health News If you buy your own health insurance, you’ve no doubt heard that subsidies will be available next year to help pay the premiums. But will you get a subsidy and how much? A report from researchers at the Kaiser Family Foundation provides some insight. Based on their analysis, about 48 percent of adults currently purchasing coverage for themselves will be eligible for subsidies next year – and those subsidies will average $5,548 …