SOURCE: Social Security Solutions, Inc.

Social Security Solutions, Inc.

October 15, 2015 15:18 ET

Does the Medicare Premium Hike Impact Social Security Claiming Strategy -- Educational Webinar

LEAWOOD, KS--(Marketwired - Oct 15, 2015) - Social Security Solutions, Inc., the market leader in Social Security claiming software and the recognized expert on benefit claiming strategies, has announced it will be offering a webinar to help financial professionals evaluate how the impending increase in Medicare premiums impacts Social Security retirement strategies. Dr. William Reichenstein from Baylor University and Robin Brewton from Social Security Solutions, Inc. will illustrate how to determine who will be impacted and specific implications to claiming strategies.

With today's announcement that there will be no cost of living adjustment for Social Security beneficiaries, Medicare premiums for some Americans are set to soar. The issue stems from a little-known Social Security law, sometimes called the "hold harmless" provision, which prevents the net Social Security payment from decreasing due to an increase in Medicare premiums. But for those who've decided to delay taking Social Security, the result could be a premium increase of more than 50%. Experts at Social Security Solutions, Inc. say that advisors must prepare themselves to help clients determine whether their Social Security plans should be adjusted.

"A number of Americans are planning to delay Social Security thinking it was a good decision. And for some, it will still be their best plan of action," stated Bill Meyer, Founder and CEO of Social Security Solutions. "But advisors need to help clients analyze the situation and determine if their planned Social Security strategy should be changed because of this development."

Social Security Solutions, creators of the SSAnalzyer software, are offering a complimentary webinar on Wednesday, October 21, at 3:00 p.m. central time. This educational session will assist financial professionals in understanding the hold harmless provision and its impact, as well as to better equip them in consulting with clients about changes that may be necessary to their Social Security strategy.

To register for this webinar, contact Social Security Solutions, Inc. at 866-762-7526, ext. 20.

About the SSAnalyzer Software

Found at www.SSAnalyzer.com, the SSAnalyzer software is designed to assist financial professionals in guiding clients to make the best possible decision about when to begin Social Security. The tool is able to analyze the Social Security rules that apply to each situation, compare scenarios for selecting benefits, and recommend a claiming strategy to maximize benefits.

The SSAnalyzer was developed by Social Security Solutions, Inc. based on their research published in the Journal of Financial Planning. In addition, their book, Social Security Strategies: How to Optimize Retirement Benefits, is now in its second edition and available on Amazon.com.

About Social Security Solutions

Headquartered in Leawood, KS, Social Security Solutions, Inc. (www.SocialSecuritySolutions.com) delivers advice and education about Social Security retirement benefit claiming strategies to consumers and practitioners. Social Security Solutions, Inc. leverages its expertise, research and technology to help clients determine the best strategy for collecting benefits in line with their overall retirement goals.

Contact Information

  • Contact
    Robin Brewton
    913-815-6996