Tag: Medicare eligibility
The brief’s key findings are: Although Social Security’s “Full Retirement Age” has moved to 66, 65 remains a popular age to withdraw from the labor force. One reason might be the availability of Medicare at 65, particularly for workers who have employer coverage while working but not after they retire. The analysis, which relates retirement…
Abstract When Social Security’s Full Retirement Age (FRA) increased to age 66 for recent retirees, the peak retirement age increased with it. However, a large share of people continue to claim their Social Security benefits at age 65. This paper explores two potential explanations for the “stickiness” of age 65 as a claiming age: Medicar…