When Will Social Security and Medicare Trust Funds Run Out of Money?

Social Security and Medicare trust funds, which help pay benefits, are projected to run dry. What will happen then?

Time running out concept for Social Security trust fund with alarm clock approaching midnight and face replaced by card and cash
(Image credit: Getty Images)

There’s good news and bad news regarding Social Security and Medicare trust funds and when they may run out of money. 

But before we give you the details, you should know that neither program is expected to completely stop paying benefits, no matter when the trust funds run dry. Rather, at least a portion of promised benefits will be paid by new tax levies. 

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Senior Retirement Editor, Kiplinger.com

Elaine Silvestrini has worked for Kiplinger since 2021, serving as senior retirement editor since 2022. Before that, she had an extensive career as a newspaper and online journalist, primarily covering legal issues at the Tampa Tribune and the Asbury Park Press in New Jersey. In more recent years, she's written for several marketing, legal and financial websites, including Annuity.org and LegalExaminer.com, and the newsletters Auto Insurance Report and Property Insurance Report. 

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