Full question: My social security only covers small part of medicare payment. Medicare does NOT allow me to pay the rest monthly but charges me one huge sum once a year. WHY? Hi there, It sounds like your full monthly Medicare premiums are higher than you Social Security benefit. If this is due to your…

Full question: Does my younger spouse need to wait for her FRA in order to claim my benefit as surviving spouse? She will claim early at age 62 in 2031 while I am waiting to claim at age 70 in 2025. Hi there, If you were to pass away prior to your spouse claiming her…

Full question: Is it misleading to say that you receive an 8% increase in benefits for each year you delay? 8% appears to be an average, but the actual annual increase is much less than 8%, according to my actual account. Hello, The 8 percent increase per year only applies to the years from full…

Full question: I am 62 years old . If I start collecting social security now but continue working are my benefits going to be reduced or they will be the same as if I am not working ? Thank you Hi there, If you start collecting your retirement benefits and are still working, your benefits…

Full question: In 2023, I took my social security benefit at age 70 (born in 1953. previously from age 66 took 50% of my wife’s FRA social security benefit). Had 35+ years at max social wage base. My monthly benefit was $4,498. Social Security Administration said max benefit for 2023 at age 70 was $4,555….

Full question: How do I find out how many quarters I need to fulfill my 40 and know what the benefit might be to decide if I want to get a part time job to get there? Hi there! You can contact the Social Security Administration in several ways to obtain this information. If you…