(November 12, 2020 at 12:27 pm)BrianSoddingBoru4 Wrote:Our SS benefits are tied to our earnings over our lifetime. The amount you have in savings means nothing.(November 12, 2020 at 11:56 am)Brian37 Wrote: I had to different stays last month. I won't get into total, other than to say FUCK THE GOP! I wont even go if I get covid, I'll fucking die first. A couple weeks ago I heard a story on tv that a guy that got covid stayed a month and his bill was nearly 1 million.
I have the money, but never again. I would rather be able to give it to my best friend than to make some asshole CEO richer.
I am lucky I have a savings, but even with that, it is going to cut into my ability to get to social security.
Just curious - how does having a whopping great medical bill affect your ability to get social security (it probably works different there than here).
Boru
It can have an effect on Medicare when you reach that age but it doesn't factor into SS.
What I have to watch is how much I earn since I now draw Social Security. There's a limit as to how much I can earn per month at a job or as a contractor. Not once has the SS Administration asked how much I have in the bank. If you exceed your monthly limit then your future pay from SS can be reduced.