Author: Aaron Helmbrecht

January 16, 2020 Aaron Helmbrecht

Medicaid is a joint federal-state program that funds health care services on a means-tested basis for eligible low-income Americans. Although states must operate within certain federal requirements, each state sets its own Medicaid regulations, including qualifications for benefits, benefits provided, and reimbursement rates.

January 16, 2020 Aaron Helmbrecht

An estimated 70 percent of Americans currently age 65 and older will one day need long-term care (LTC) services and supports, which include nursing facilities, home health aides, personal care, and family caregiving. With Medicare not providing LTC coverage and private LTC insurance coverage low, Medicaid is a major provider of LTC services and supports for the elderly.

January 16, 2020 Aaron Helmbrecht

When Social Security first started paying regular monthly benefits in 1940, males born in that year were expected to live 61.4 years and females 65.7 years. Today, those average numbers have increased to 76.7 and 81.4 respectively, an increase of about 15 years.

January 16, 2020 Aaron Helmbrecht

Benefit changes are a consideration in any discussion of Social Security reform because they can provide a solution, or a partial one, to addressing Social Security’s long-term funding challenge to the extent benefits are reduced.

January 16, 2020 Aaron Helmbrecht

Almost 90 percent of Social Security’s funding comes from payroll taxes on workers’ earnings. Employees and employers each pay a tax of 6.2 percent of an employee’s wages (Federal Insurance Contributions Act [FICA] tax), while self-employed workers pay the entire 12.4 percent (Self-Employment Contributions Act [SECA] tax).

January 10, 2020 Aaron Helmbrecht

Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin announced Friday that the U.S. imposed new sanctions on Iran’s metal exports and eight senior Iranian officials. The new penalties came days after Iran fired a barrage of missiles at Iraqi bases that were housing U.S. targets — a move made in retaliation for an…

January 10, 2020 Aaron Helmbrecht

Most people younger than age 65 with private health insurance coverage obtain that coverage through their job or as a dependent on a family member’s employer group plan. The individual health insurance market is a source of coverage for those without access to employer coverage or public coverage such as Medicaid.

January 9, 2020 Aaron Helmbrecht

Americans planning for retirement today face more individual responsibility and risk for their retirement benefits than prior generations experienced.

January 9, 2020 Aaron Helmbrecht

An estimated 70 percent of Americans ages 65 and older will one day need long-term care (LTC) services and supports, which include nursing facilities, home health aides, personal care, and family caregiving. With Medicare not providing LTC coverage and private LTC insurance coverage low, Medicaid is a major provider of LTC services and supports for the elderly.

January 9, 2020 Aaron Helmbrecht

Many Americans have felt keenly the effects of extreme climatic events: increased droughts in the western United States, higher rainfall and snowfall in the eastern part of the country, and greater damage from tornadoes, hurricanes, floods, and wildfires.