News

  • Legislative Update For Week Ending June 7 2019

    Don't delay. To learn more, find a local Social Security office or to apply online, visit the Social Security website at SocialSecurity.gov or call the Social Security Administration toll-free at 1-800-772-1213 .Medicare Advantage plans require very careful scrutiny of potential costs. Some plans have lured seniors with low premiums and deductibles, only for enrollees to discover high undisclosed costs later. .According to a Social Security Administration Issue Paper, when Congress first enacted the tax on Social Security in 1983, it was estimated to affect only 10 percent of Social Security recipients. But the income thresholds have never been adjusted for inflation in more than three decades. "Today, the taxation of benefits hits almost everyone with any income in addition to Social Security benefits —even people with the most modest of bottom lines," Johnson says. "An older couple with ,000 is living at just 155% of the federal poverty level," Johnson points out. Had the income thresholds been adjusted for inflation since 1983, the ,000 threshold would be ,940 and the ,000 threshold would be ,284 according the Bureau of Labor Statistics. … Continued

  • Q July 2016

    By Representative Tim Walberg (MI-7) .Four Things To Avoid When Shopping For Retirement Housing .One new cosponsor – Rep. Denny Heck (WA-10) – signed on to Rep. Allyson Schwartz's (PA-13) Medicare Physician Payment Innovation Act (H.R. 574) this week, bringing the total up to thirty-three. The bill, if signed into law, would repeal and replace the faulty formula that is currently used to determine reimbursements for physicians who treat Medicare patients. … Continued

Mary Johnson .Social Security and Medicare Public Trustees Recommend Raising Eligibility Age and Benefit Formula Changes .When Should Single People Move to Assisted Living? .Other critics say that revising the government's purchasing rules will not provide a quick solution to the supply shortages of the current pandemic. "Making Buy American provisions tighter during the current crisis would likely do more harm than good," according to William Reinsch and Jack Caporal of the Center for Strategic and International Studies. .If you have not filed a return for 2020, the IRS urges people with children to file one as soon as possible. Even if your grandson was not with you in 2020, eligible taxpayers have the opportunity to update information about changes in income, filing status or the number of qualifying children. The IRS is continuing to update information about this credit which can be found at: https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021. .Your daughter is giving you good advice. It is time to sign up for Medicare. If you are still working, and you aren't yet getting Social Security, then you won't get Medicare automatically, and you need to apply by your Initial Enrollment deadline. It's important to pay attention to Medicare's enrollment deadlines in order to avoid permanent late enrollment penalties or a lapse in your health insurance coverage, but there is excellent free unbiased help available to steer you through this, as near as your local agency on aging or senior center. .What would locality pay adjustments mean for your Social Security benefits? It's unclear, and likely difficult to estimate. Studies would have to be performed to compare locality - based pay adjustments to what future annual COLAs might be. Locality pay adjustments would be higher in areas where private sector pay scales are higher than those of federal workers, and lower in areas where pay scales are lower. The percentage of the annual locality pay increase would vary depending on where you live. Some retirees would receive a lower percentage of increase, or even no increase, while others a higher percentage. .For years, the age at which an individual could receive full, unreduced Social Security benefits was 6Since the passage of the 1983 amendments to the Social Security Act, the age has increased very gradually. The current full retirement age is 66 and it is slowly rising to 67 for people born after 195Benefits can be claimed as early as 62; however, doing so will result in a reduced benefit. For example, if someone was born in 1945 and claimed benefits at 62, their benefits were reduced by 25%. If someone who is born after 1959 collects benefits at 62, their benefits will be reduced by 30%. Some economists have proposed increasing the early retirement age, currently age 62, as well as the full retirement age. .The Medicare Hotline number is The number to report Medicare fraud is You may also wish to look at their web site. www.hcfa.gov