2019 Social Security and Medicare changes
Individuals who claim Social Security benefits before their full retirement age and who continue to work are subject to earnings restrictions that can temporarily reduce or eliminate their benefits. In 2019, retirees younger than 66 can earn up to $17,640 before losing any benefits, $600 more than last year. After that, they would forfeit $1 in benefits for every $2 earned over the limit.
Those who turn 66 in 2019 can earn up to $46,920 in the months preceding their birthday without jeopardizing any benefits, up $1,560 from last year. They would lose $1 in benefits for every $3 earned over that limit. The earnings cap disappears once they reach full retirement age — meaning they can earn any amount without forfeiting benefits. Any benefits lost to the earnings cap are restored in the form of higher monthly benefits at full retirement age.