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  • Category Issues Soical Security Notch Articles

    (Washington, DC) – The percentage of retired households that expect to pay tax on their Social Security benefits has experienced a rare decline this tax season, but that appears to be due to a much higher level of uncertainty than usual ahead of this tax season according to a new survey by The Senior Citizens League (TSCL). "This could potentially mean lower than expected tax revenues for the Social Security and Medicare Trust Funds," says Mary Johnson, a Social Security and Medicare policy analyst for The Senior Citizens League .For progress updates or for more information about these and other bills that would strengthen the Social Security and Medicare programs, visit the Bill Tracking section of our website or follow TSCL on Twitter. .If more than 12 months have passed, the plan should disenroll your mom, and her Special Enrollment Period should begin at the beginning of the twelfth month and continue through the end of the fourteenth month after the move. … Continued

  • Seniors Lose 31 Percent Of Their Buying Power Since 2000 2013 Annual Survey Of Senior Costs Finds Expenses Have Increased More Than Twice As Fast As Social Security Cola

    In addition, your Social Security benefit is likely to be small anyway. When Social Security calculates the initial benefit, the amount of total earnings would be averaged over a 35-year (420 month) period to determine your average monthly earnings. While you become eligible with a little as ten years of earnings total, the SSA will still average your earnings over the 420-month period. This would produce a low average initial benefit amount. Then the WEP adjustment would reduce your initial benefit formula by scaling back the amount of average monthly earnings that would be credited toward your benefit. .Ask the Advisor: August 2021 Why Can't Legal Guardians Receive Social Security Benefits on Behalf of Grandchild? .By the end of this year, lawmakers could enact legislation that would trim Social Security benefits, threaten access to care for Medicare beneficiaries, and make millions of immigrants eligible for benefits based on illegal work. With so much currently at stake, it is more important than ever for seniors to learn about – and possibly challenge – the positions of their elected officials. … Continued

This week, lawmakers in both chambers voted to approve a temporary spending bill to fund the government past September 30th. In addition, The Senior Citizens League's (TSCL's) legislative team met with several Members of Congress and their aides, and two key bills gained support. .TSCL strongly supports legislation that would correct how COLAs are calculated to more accurately represent what seniors and the disabled must spend on their out-of-pocket healthcare costs. We strongly encourage you to contact your Members of Congress and attend local town halls during the upcoming campaign season. Help us make the case why a fair and adequate COLA is a necessity to protect Social Security benefits from losing buying power as costs rise. .On housing, the President instructed key officials to "consider" whether there should be a ban on evictions. He also insists that state governments pick up the tab for some of the unemployment aid. But there are serious questions about whether states have the finances to pay the additional amount. .It came in the mid-1950s, before health insurance for outpatient care was common, before new drugs were protected by multiple patents, and before medical research was regarded as a way to become rich. It was not patented because it was not considered patentable under the standards at the time. .Something does need to happen. Seniors haven't received any cost of living adjustment (COLA) over the past two years — an unprecedented situation that hasn't occurred since the annual benefit adjustments began in the 1970's. At the same time, the cost of healthcare, petroleum products, and most recently, food and other consumer goods, are taking big jumps, eroding the purchasing power of benefits. .Where to find premium information. Rather than calling insurance agencies for quotes, first visit the website of your state insurance commission and look for a publication listing all the state-approved Medigap insurers and Medigap plans (A through N) sold in your state. The information includes the insurer's company name, phone number and website address, and more crucially, the current premiums for the plans (A through N). Since all insurers are required to cover the same benefits under specific plans (A through N) then all you need to do is select the plan covering the benefits you are interested in (such as Plan F), then find a good insurer with the lowest premium for the plan you are shopping for. Not all states have all plans. Calls to the insurer are necessary to confirm premium quotes for your zip code. For Part D Plans, or Medicare Advantage plans, use the health and drug plan finder on the Medicare website at www.Medicare.gov. It's important to select those plans by selecting the lowest-costing plan based on the prescriptions you currently take. .How Much Should You Spend on Vet Care for Your Pets? .Florida Gov. Ron DeSantis tried to alleviate fears of flying during the pandemic at an event with airline and rental car executives."The airplanes have just not been vectors when you see spread of the coronavirus," DeSantis said during a discussion at Fort Lauderdale-Hollywood International Airport on Aug. 2"The evidence is the evidence. And I think it's something that is safe for people to do." .Medicare's Trustees reported in April that the Part A Trust Fund, which covers hospital insurance and inpatient care, would run out of money by 202That estimate, however, does not factor in the impact of the coronavirus on the program. New estimates are coming in that the pandemic could cause the Part A Trust Fund to become insolvent much sooner. The Committee for a Responsible Federal Budget, a group of nonpartisan budget experts focused on fiscal policy, estimates that the pandemic will cause Medicare Part A to run low in 2023 or 2024 —as little as two to three years from now.