Lois Vanreese doesn’t receive Social Security or Medicare yet, but one day she will.
Vanreese, 60, a Sun City West resident, retired early and lives off her investments.
But she might have to make some financial changes in the years ahead.
“I really want to have a better handle on it now,” she said.
“It’s important to be educated now, so I might know what to expect in the future.”
Vanreese and close to two dozen residents learned more about Medicare and Social Security Thursday at the Sun City West Property Owners and Residents Association.
AARP sponsored the program, titled “You’ve Earned A Say.”
The two-hour class broke down the basics of Medicare and Social Security as well as major changes that could occur for seniors and future retirees.
During the program, seniors also took a computerized survey on the state of Medicare and Social Security.
Ginny Creagor, an AARP advocacy leader, taught part of the session on Social Security and ways to keep it solvent, including re-evaluating the cost-of-living adjustment, increasing payroll taxes, eliminating the payroll tax cap and reducing the benefits of high earners.
Carl Erickson, an AARP executive council member, led the Medicare discussion.
“There are many challenges with Medicare as the cost of health care rapidly inflates, with new drugs and a lot of technology,” Erickson said.
In addition, Erickson said more than 10,000 Baby Boomers a day are coming into retirement age for Social Security and Medicare.
“One thing that’s always been in discussion is to raise the eligibility,” he said.
“It’s very crucial that we strengthen Medicare for future retirees.”