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News Brief

Jan. 24, 2013IA |  By: Alan

Medicare and Social Security

Nearly 436,000 Iowans receive Social Security benefits and about the same number get Medicare.

A new wave of Iowans will soon be counting on those programs, and an AARP report details the middle-class prospects for a secure retirement. The report finds that a combination of rising health-care costs, credit card debt and the recession have led to less retirement security for many. AARP Iowa's state director Kent Sovern, says most people close to retirement are discovering how expensive medical costs are - even with Medicare.

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Sovern says this is leading many Iowans close to retirement to reassess their finances and wonder what will happen once Congress is done making changes.

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Sovern says AARP is opposed to at least one proposal to change Social Security: the idea of reducing the cost-of-living adjustment, which would reduce a person's benefits over time.