Is reducing the age to 60 on medicare still possible

[Tribetime]

The only thing that doesn't make sense to me is you can collect Social Security at 62 but not Medicare. I was watching Lawrence O'Donnell and he said that Cinema changed your mind about raising taxes on the wealthy but CNN is not saying that

[PoliticAverse]

1. Manchin has indicated he is opposed to such expanisions until the projected revenue shortfalls

of the program as it exists currently are dealt with.

Note that although you can collect Social Security at 62, you don't get the full amount that you would at ages 65-67.

[Tribetime]

3. I see more and more people telling me to take it at 62

[PoliticAverse]

5. There are online "break even" calculators that can tell you at what age waiting will result...

in you making more more money than taking it early (it depends on whether you are still working/earning) but the age can be as late as 76. I think, in general, it makes sense to take it at 62 if the payments will make a difference in your life.

[Wounded Bear]

7. At 62, there are work and earning restrictions...

that reduce you payments if you make too much.

Something to consider.

[PoliticAverse]

8. Yes, the situation is complicated and requires you to make some assumptions about your future

lifespan and earnings, which is why the Social Security administration won't give out any specific advise as to when you should start taking Social Security payments.

[Old Crank]

2. And there is an easy way

To shore up the system. Just raise the maximum salary for payment into the system $50k per year for the next 5 years.

If Medicare wad available at 60/62 I think many more jobs would open up. I know quite a few people hanging on to their current employment because they can't afgord healthcare without their insurance through their jobs.

Even people who have reached retirement points levels can't go because the healthcare cost will flip and they will have to pay the employer match instead of the employee share which was quite a bit lower where I worked before.

If these people can quit then they open up the promotion channels in a company.

[Tribetime]

4. Ty 👍

[PoliticAverse]

6. I was really hoping the ACA would make separation of health insurance and employment a reality, but

that didn't quite happen.

You shouldn't really be getting health insurance through your job.

[MichMan]

9. Nothing that prevents anyone from buying an ACA policy on the exchange at age 60 is there?