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What’s Next For Medicare and Social Security?

Will Medicare and Social Security continue to provide the health and economic security that older Americans count on? Since March, AARP has been working to make sure we all have a say in the debate about how to strengthen these programs for future generations. So far, one million people have shared opinions online, and tens of thousands have participated in more than 1,400 community meetings in every corner of the nation.

See Also: Volunteer Spotlight: You’ve Earned A Say

Here in Massachusetts, the message from residents has been clear: Bay Staters count on Medicare and Social Security, and want their voices heard.

You’ve Earned a Say

That’s why AARP launched You’ve Earned a Say, a national conversation about keeping Medicare and Social Security strong for today’s retirees as well as future generations. At public events and community conversations across the commonwealth, AARP is talking with residents about the options under discussion in Washington. The goal: to provide straight talk, minus the political spin, about the pros and cons of each proposal.

The facts

Nearly a million Massachusetts seniors count on Social Security to help pay the bills, and on Medicare for guaranteed health care coverage. The average Social Security benefit is $14,000 a year, and in the Bay State, seniors typically rely on Social Security for more than half (56%) of their income. At the same time, the commonwealth’s seniors pay about $6,800 out of pocket annually for Medicare premiums, co-payments and deductibles.

What's next for Medicare and Social Security?

Even if no changes are made, Social Security can pay scheduled benefits through 2033. After that, 75 percent of benefits can be paid. Medicare is also financially stable, but its hospital trust fund, which pays for inpatient and skilled nursing care, as well as the program’s administration, is expected to fall short in 2024.

Nearly everyone agrees that some changes need to be made to strengthen Medicare and Social Security, but you may not know yet how proposed changes could affect you and your family.

That’s why we asked experts at the Heritage Foundation as well as the Brookings Institution and the National Academy of Social Insurance – to give the arguments for and against the major options on the table in Washington so our members and the public can weigh in on the debate.

Help make sure the future of Medicare and Social Security is decided in an open, public conversation – not behind closed doors in Washington. Visit earnedasay.org for balanced information – both the pros and cons – about the options being considered for both programs.

Then, take a few minutes to answer questions about what you think should be next for these critical programs.

Share Your Say Wall

Bay Staters, share your thoughts. Upload a photo or video message to the Share Your Say Wall and add to the conversation about Medicare and Social Security. Your voice can and will add insight to this debate. You have a right to say what’s on your mind about Medicare and Social Security.

You’ve earned it.

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