President Donald Trump’s pause on federal grants and loans has agencies and individuals scrambling as the fallout continues.
It ends the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), which reduced or eliminated the Social Security benefits of over 3.2 million people who receive a pension based on work that was not covered by Social Security (a "non-covered pension").
The Trump administration temporarily halted nearly all federal grants, loans, and other financial assistance to beneficiaries in a surprise move Monday to reassess federal spending. The order came from the Office of Management and Budget in a memo to government agencies directing them to eliminate any federal funding advancing “Marxist equity,
President Donald Trump has frozen $3 trillion in federal funds until his administration completes a full spending review. Here’s what it means.
Unclear if sweeping executive order will affect Medicaid and other federal assistance programs for older Americans.
A freeze warning rocked the U.S. this week. And it had nothing to do with the weather. On Monday, the Trump administration issued a memorandum that instructed federal agencies to temporarily pause all grants,
The White House rescinded a pause on all Federal grants and loans, but the short-lived action shined a light on what could come in the future.
The HHS Secretary nominee confused Medicare and Medicaid programs, though he would be responsible for them if confirmed. We break down the difference.
White House press secretary Karoline Leavitt said that Social Security, Medicare and food stamps would not be affected by the decision to freeze federal aid. NBC News’ Sahil Kapur reports on the Trump administration’s first White House press briefing and whether Medicaid could be among the programs affected.
Investopedia spoke with Isabel Barrow at Edelman Financial Engines to discuss the changes the new Social Security Fairness Law will bring and the impact it could have on retirees.
But actually, Medicare eligibility doesn't usually begin until age 65 (there can be exceptions for people with certain medical conditions). So if your plan is to retire at 62 and sign up for Social Security and Medicare at the same time, you'll need to rethink it.
Individuals living with ALS are automatically eligible for Medicare when they start receiving Social Security benefits. Medicare should cover most diagnostics and treatments, but this depends on the type of service and whether it is deemed medically necessary.