Wednesday, October 29, 2008

Social Security Benefits to rise 5.8 percent for 2009.

A news release from the agency dated Oct 16th states that benefits for more that 55 million Americans will increase 5.8 percent in 2009. It is the largest increase since 1982. The rise is based each year on the Bureau of Labor Statics' Consumer Price Index.
Other changes are based on the increase in average wages (from 102,000 to 106,800) that will be subject to the Social Security tax.

And news from Medicare -

Stay or Switch

You can switch your Medicare health or prescription drug coverage for 2009 between November 15, 2008–December 31, 2008.

This is the official government handbook with important information about changes in 2009.

● What's new

● 2009 Medicare costs

● What Medicare covers

● Health and prescription drug plans

● Your Medicare rights

● Fraud and identity theft

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