Skip navigation
Benefits for Seniors Reduced

Benefits for Seniors Reduced

The Bipartisan Budget Act of 2015 imposes a Medicare surcharge, while closing a perceived Social Security loophole

Seniors may have a harder time making ends meet this year, thanks to increased premiums for Medicare, as well as the closing of a perceived loophole in Social Security that allowed seniors to take advantage of the file and suspend strategy. Individuals with disabilities fared better due to the Achieving a Better Life Experience Act (the ABLE Act); funds in these designated ABLE accounts can accumulate tax-free. Practitioners who advise clients on special needs planning now


Please Log in if you are currently a Trust&Estates subscriber, or select DAYPASS for our new 24 hour access (nominal fee required).

If you are interested in unlimited article access for one year, please select Annual Subscription below.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.