Lowering the age for Medicare?

[hamsterjill]

Do we even hear anything about this any more? Or has it totally been forgotten?

I've heard nothing in months, and it was something I was very hopeful about.

[XanaDUer2]

1. I know

I really need this to happen.

I feel we're not hearing enough about SS, or Medicare

[moose65]

14. Haven't heard much about it lately

For a minute, I was hopeful that we might expand Medicare on both ends - cover every child up to the age of 18, and lowering the top age to 60. To me, that would be a good start.

[MiniMe]

2. I just need it to drop 1 year

But that's just me. They should drop it down to at least 60

[XanaDUer2]

3. I'm hoping 55

there may be a lot of messaging about this, but I'm not hearing much.

[ProfessorGAC]

10. Too Late For Me

Had it been dropped to 60, I would have retired 2 years sooner.
I turn 65 tomorrow, so I've been Medicare since September 1st.
I think lowering the eligibility age 5-10 years makes sense, and may encourage more early retirements which churns jobs and gets younger people getting better gigs for higher wages. That's economically stimulative.

[MiniMe]

19. Yeah, even if they lowered it a year, I would be 65 before it took effect

If they voted to lower the age today, I don't imagine it would be put in place before next August which is when I turn 65. Things move at a smails pace through congress.

[MissMillie]

4. Not enough

Universal health care for all.

[XanaDUer2]

5. Healthcare is so important

I'd really like to see Biden speak about it. I know he's juggling a lot

[hamsterjill]

6. Agreed.

But handling a lot is his job. He promised this, and I took him at his word.

Hope you are doing well!!!

[XanaDUer2]

9. I'm okay

seeing if I get my ltd.

I am super frustrated with whats happening and don't want to be Charlie brown with the football. Again

[hamsterjill]

7. Ideally, of course.

But I think they were looking at lowering the age as a start…and nothing to my knowledge has even started.

I share the frustration.

[questionseverything]

13. I hate to be the bearer of bad news but

This am, a guest on c span said, lowering the age is off table

They are still trying to add glasses 👓, hearing aids and dental to medicare

Now hopefully the guest was wrong or I heard wrong but c span is usually a good source

[luv2fly]

8. This and social security too

Haven't heard boo on lowering the age for Medicare, and I'd like to know how they're going to shore up Social Security so it's there for all of us who have paid into it for our entire lives.

[XanaDUer2]

11. this nt

[Xolodno]

15. They always do a few things when SS is a bit in trouble.

1. Increase Contribution

2. Raise the the age to access.

3. Decrease benefits.

4. Combination of any of the above.

In a better world, create a separate Social Security account with a set low minimum (say half a percent) and a guaranteed interest rate. And have the option to increase the size of the contribution to a certain maximum. Furthermore, this would be your account and your money and could designate survivorship benefits.

Also have the ability to borrow a percentage that gets repaid as you get paid (also have the option to pay it back sooner). That would go a long way in ending predatory loans, people with credit issues, help finance a home purchase, etc.

Finally, be able to start withdrawing tax free at 55.

Plus having a Medicare buy in at 55 would help as well. Shoot why not have a pre-buy in your younger years so if you are fired at 55, you can retire earlier.

Also, increase the number of allowable days of work after retirement.

[MichMan]

12. How much higher would payroll taxes need to be raised for this to happen?

[LanternWaste]

16. Many different answers.

Some from politicians, others from economists, and still others from editorials. All easily found.




(if you ever need assistance on locating easily-found topics on the internet, throw me a PM and I'll happily give you some helpful hints)

[Hoyt]

17. Doubt we'll see any chance of lowering Medicare age until after mid-terms.

I’m doubtful the limited dental, hearing aid, vision benefits will pass in the current bills.

Medicare’s eligibility age could be lowered if people have to pay the full actuarial cost. But most of us will balk at that cost. It won’t be as cheap as people think.

[JT45242]

18. Eliminate FICA cap and lower to 60

This is a no brainer. Medicare could be lowered to 60 by taxing all earnings even those above 130K.

I am hoping it happens in the next few years before I need them

[GoodRaisin]

20. Republicans aren't going to do it.

If they win the mid terms or manage to steal the mid terms with their new voting laws it’s all over. I hope democrats take this up next year, it might be the last chance for that legislation for a while.

[Hoyt]

21. There is currently no limit on Medicare tax. Doubt the limit on SS will

be changed much, unless benefit for higher income people is changed from zero.

I do expect some relatively small increase for higher income. But would be surprised to see Congress pass a 12 percentage point additional tax on people making over $175,000 or so.