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3 Smart Fixes for Social Security and Medicare As workers are now allowed to have longevity annuities in their tax-deferred retirement accounts, Social Security is being urged to increase full retirement age to 68, 69, or even 70, according to CNN Money. There are also other proposed reforms to enhance services for retirees, including one that seeks lower Social Security payroll taxes for those who intend to continue working through retirement. It is proposed that working retirees be given a hybrid form of Medicare merged with employer health insurance, and that Medicaid be revamped by creating a trust fund to cover long-term care costs.   -- CNN Money

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