Sentences with phrase «early claimers»

Although delayed claimers have higher median Social Security benefits, those benefits make up a smaller portion of household income than for early claimers.

In 2014, some early claimers, especially those without access to health coverage, may benefit from certain provisions of the Patient Protection and Affordable Care Act (PPACA) intended to improve the availability and affordability of health coverage.

To better understand the circumstances faced by those who claim early Social Security benefits, GAO examined: (1) demographic and occupational characteristics associated with early claiming; (2) retirement income of early claimers compared to those who delay; and (3) how PPACA changes health coverage options for early claimers.

However, GAO estimates that 10 percent of these early claimers had incomes below the federal poverty level but lived in states that did not expand Medicaid and had incomes too low for federal exchange tax credits.

In 2014, these early claimers will see their monthly benefits reduced by 25 percent compared to what they would have received if they had delayed claiming until age 66, the current full retirement age.

More specifically, GAO examined the characteristics and income of early claimers using data from the Health and Retirement Study, as well as the eligibility for PPACA insurance programs using 2009 - 2011 American Community Survey data.