Won't Medicare run out of money before I can benefit from it?
Answered by 15 licensed agents
On the other hand, our Social Security accounts are sovereign from other Government activities. That means that what goes into the Social Security account is only paid out to Social Security benefits.
The Social Security account is fully funded until around 2035, and after that, Congress will have to subsidize Social Security payments. It has been stated that after 2035, not enough money is being paid into the Social Security account as Social Security is paid out.
Answered by Larry Dalton on April 22, 2025
Broker Licensed in OK & TX
Answered by Misty Bolt on May 7, 2025
Agent Licensed in TN, AL, AR & 45 other states
Answered by Lauryn Ivey on June 3, 2025
Broker Licensed in AL
Answered by Sandra Bailey on May 19, 2025
Broker Licensed in TN, AL, AR & 13 other states
Answered by Steven Bleicher on April 10, 2025
Broker Licensed in AZ
Answered by Yasmery Vargas on April 15, 2025
Agent Licensed in PA
Here's a more detailed breakdown:
HI Trust Fund Depletion:
The Medicare Hospital Insurance trust fund, which covers hospital benefits, is projected to be depleted in 2036. This means the trust fund will no longer be able to fully pay scheduled benefits.
Continued Coverage:
Even after the HI trust fund is depleted, Medicare will still cover 89% of costs through ongoing tax revenues. This means you would still be able to access Medicare benefits, though potentially with some cost-sharing or restrictions.
Other Medicare Parts:
Parts B (doctor visits, outpatient services) and D (prescription drugs) are financed differently and don't have the same insolvency dates as Part A. These programs are also projected to face financial challenges, but they are not expected to run out of money completely.
No Complete "Bankruptcy":
Medicare is not expected to completely cease operating or be unable to pay benefits. Even after the HI trust fund is depleted, Medicare will continue to operate with reduced funding, potentially through mechanisms like tax increases or spending cuts.
Answered by Fred Manas on June 12, 2025
Agent Licensed in NY, CT, DC & 7 other states
Answered by Steve Brauer on April 17, 2025
Broker Licensed in AZ & CA
Medicare part A is predicted to run out of money by 2026 but tax revenues will support probably with lower benefits.
Answered by Karen Ansell on April 22, 2025
Agent Licensed in FL, GA, KY & OH
Answered by Wild Bill Anderson on April 8, 2025
Broker Licensed in CA
Answered by Steven Rodriguez Giudicelli on June 3, 2025
Broker Licensed in FL & TX
Answered by Jamie Herrick on April 4, 2025
Agent Licensed in WI
Answered by Dominic Javier on May 5, 2025
Broker Licensed in TX
Medicare is not going anywhere, ever. It's YOUR money that you paid into.
Relax, shop your plans yearly, and live worry-free by shopping with me.
Best wishes,
Rene Apack
847-917-4870
Answered by Rene Apack on April 9, 2025
Broker Licensed in IL, AL, AR & 25 other states
Answered by Angelique Solomon on April 28, 2025
Broker Licensed in AL, FL, GA & 5 other states
Tags: Advice for Seniors The Medicare System
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