Archive for the ‘Blog’ Category

What Would Happen If Social Security Funds Run Out

15/05/14 9:30 am | Comments (0) | Posted By:

  It’s a little scary to contemplate that Social Security trust funds are projected to be exhausted in the not-too-distant future. But that is the subject recently studied in a 2013 report from the Congressional Research Services (CRS). If the trust funds cannot pay current expenses out of current income or accumulated assets, they are con...

Who Pays First?

07/05/14 1:15 am | Comments (0) | Posted By:

  Are you 65 or older, have Medicare, and other insurance coverage such as a group health plan from an employer? Who is the “primary payer” responsible for paying your medical bills first? When there’s more than one payer, “coordination of benefits” rules decide who pays first. The “primary payer” pays what it owes on your bills first, and...