Grahall’s Robert Cirkeil shares some thoughts on the Social Security Adminstration’s SUMMARY OF THE 2009 ANNUAL REPORTS
For years, older men would marry younger women. More recently, older women have been marrying younger men. Historically this was done for love (or lust). Now the mature crowd is searching for youthful spouses for one reason and one reason only – MEDICAL BENEFITS! It would seem that this is the only way seniors can continue to have medical coverage. Private sector employers don’t provide medical coverage to retirees like they used to thanks to changes in the accounting rules.