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The age 55 ceiling is only 45% of the age 65 amount.
FORBES: PBGC Pension Termination: A Worker's Perspective by Terry O'Rourke, United airlines (December 15, 2007 )
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New York recently raised the age ceiling for Child Health Plus coverage from six to 18, and by July, the program will also cover hospital stays and major surgery.
CNN: New York fills gap between insurance, Medicaid
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Even President Obama is said to have put the notion of raising the Medicare age on the table in his failed negotiations with Speaker John Boehner during the 2011 debt ceiling debacle.
FORBES: Raising The Medicare Age May Be Good GOP Politics, But Single-Payer Is The Better Solution For All Americans
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And the fact that his nominal (face value) covered earnings is being compared with my earnings up through 60, albeit indexed by wage growth through age 60, means that I and everyone else in my boat that earns above the ceiling can benefit, potentially big time, from working very late in life.
FORBES: Social Security's Huge Obscure Incentive To Keep Working