News
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Update For Week Ending July 31 2021
The study examined the increase in costs of 40 key items between 2000 and January 2020. The items were chosen because they are typical of the costs of most Social Security recipients, and include expenditures, like the Medicare Part B premium, that are not measured by the index currently used to calculate the COLA. Of the 40 items analyzed, 26 exceeded the COLA over the same period while 14 were lower than the COLA. .SGR Repeal Unlikely This Month .Budget Committee Debates Future of DI Program … Continued
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Loss Of Buying Power Report 2019
When asked what portion of Social Security benefits retirees spent on healthcare here's how survey participants responded: .This week, TSCL's Board of Trustees traveled to Washington, D.C. for its first meeting of 201The Board of Trustees includes the following members: Edward Cates, Chairman; Charlie Flowers, Vice-Chairman; Arthur Cooper, Secretary; Deborah Oelschig, Treasurer; Michael Gales, PAC Treasurer; and Larry Hyland, Liaison and President of TREThe Enlisted Association. ."Most people 65 and over take more than one prescription drug, so to get the lowest-costing plan that's right for you, people need to do a drug plan comparison based on all the drugs they currently take, " Johnson explains. "In addition, you should carefully compare prices at network retail pharmacies as well as mail order — those prices can also vary significantly," Johnson notes. … Continued
Even Republicans who support changing the regulations are opposed to putting it in the NDAA and they may support an effort to pass it and try to override the President's veto, which would be the first of his presidency. . I'm helping my mother shop for an assisted living facility. She's considering one within reasonable driving distance, but a clause in the paperwork stipulates that she must agree to mandatory arbitration to settle any disputes. Can you explain the pros and cons of this? .Have You Been Fully Vaccinated? .When working Social Security recipients who are younger than full retirement age earn more than the annual earnings limit amount, their benefits will be reduced. The Social Security Administration likes to point out that these benefit reductions are "not truly lost because your benefit will be increased at your full retirement age to account for benefits withheld due to earlier earnings." But as you have discovered, you can sometimes wind up owing money to Social Security that was not withheld properly. .The provision only protects an estimated 70 percent of beneficiaries (almost 43 million beneficiaries) from increases in the Medicare Part B premium that exceed the dollar amount of their COLA. When an individual's Part B premium increases more than the dollar amount of their COLA, the Part B premium is reduced to prevent a reduction in net Social Security benefits from one year to the next. ."In the event that you have the choice to get vaccinated, I'd encourage you to take the vaccine that you're given," John Brooks, the chief medical officer of the Centers for Disease Control and Prevention's Covid-19 response, said at a briefing Friday." .For information about town hall meetings near you in the final days of the week-long recess, call the local offices of your elected officials. You can find contact information for your Members of Congress right here. .TSCL's Board of Trustees on Capitol Hill .The lack of growth in Social Security benefits, together with the inexorable rise in healthcare costs, is causing financial dilemmas for Medicare beneficiaries that may be jeopardizing their health. The situation is leaving both seniors and disabled adults who are living longer lives without adequate financial resources for their retirement, survey participants say.
