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  • Best Ways To Save April 2019

    But 2 million retirees receiving Social Security benefits of less than 0 per month in 2018, won't see an increase after the deduction for their Medicare Part B premiums. Part B premiums will increase by more than .50, for this group of retirees because they are paying less than the current Part B premium of 4 today. This is due to the effects of the Social Security "hold harmless" provision. .Now that Congress has passed President Biden's Covid-19 relief bill it must turn its attention immediately to passing legislation to delay billions of dollars in cuts to Medicare. .Prevention of Fraud, Waste, and Abuse – Eliminating inefficiencies within Social Security and Medicare. … Continued

  • U S Mexico Totalization Agreement Raises Questions

    Alexandria, VA (June 17, 2013) Seniors are closely following the debate over Social Security, and a new survey indicates strong support for two major changes that could restore Social Security's long-term solvency. The survey, conducted by The Senior Citizens League (TSCL), one of the nation's largest nonpartisan seniors groups, found that 52% of seniors strongly favor, and another 30% somewhat favor, raising the Social Security maximum taxable wage base. In addition, 87% support banning the use of earnings from jobs worked under invalid and fraudulent Social Security numbers by unauthorized immigrant workers to determine entitlement to Social Security and other federal benefits. .In determining the COLA what items does the government track for price changes? Why does the COLA grow so much more slowly than my costs? .Because the economic fluctuations were highly unusual and unforeseen, logic dictates that Congress could not have intended the benefits that Notch Babies actually received. The disparities in benefits under the actual conditions of double-digit inflation are illustrated in the following chart, which was not developed until 199Even if Congress had developed this chart in 1977, however, they would have seen benefit differences of only 10%-14% shown on the left-hand side of the chart. Instead, the effects of inflation are reflected by benefit differences of 13% to 30% shown on the right. In effect, the actual benefit reductions for many retirees were more than double what original projections would have been at the time. … Continued

It's smart to compare your health insurance options. Your Initial Enrollment period for Medicare begins three months before you attain age 65, the month you turn 65, and ends three months after you attain 6If you decide in favor of starting Medicare as soon as you are eligible, then you would want to shop and compare coverage costs now. .This week, The Senior Citizens League's legislative team hand-delivered nearly eight hundred petitions to leaders in the Senate. The petitions urged lawmakers to support legislation that would boost Social Security benefits while strengthening the financing of the program by adopting the Social Security Expansion Act (S. 427). .Today we are going to be hearing from people in their own words about Congress's neglect to help the very citizens we are sworn to serve. .In particular, the expert witnesses at last week's hearing focused on isolation from the community, Medicare penalties for late enrollment, and a lack of funding for State Health Insurance Assistance Programs (SHIPs), which help older Americans navigate Medicare enrollment. .But while the temporary payroll tax cut won't affect Social Security's finances, it also won't change the need to put the Social Security system's finances on a sound footing for future generations. Over the last 30 years, proposals have been made to allow future workers to put some of their Social Security contributions into "personal" or "privatized" investment accounts – with the hope of getting more money back than they would get from Social Security as we know it today. .TSCL enthusiastically supports the five bills listed above and we were pleased to see support grow for them on Capitol Hill this week. For more information, visit the Bill Tracking section of our website. To thank your representative for becoming a cosponsor or to request their support for legislation, visit our "Contact Congress" page. .My husband survived cancer but his healthcare costs depleted our savings. Do you have suggestions for coping with debt in retirement? .Rep. Phil Roe (TN), who served as a witness at the Energy and Commerce hearing, introduced legislation in January to repeal the IPAB. The bill currently has bipartisan support and more than 160 cosponsors. While some, including President Obama and his Fiscal Commission, have proposed strengthening the authority of the IPAB, most at this week's hearings expressed their support for legislation that would eliminate it. .Source: The Full Retirement Age is Increasing, Social Security Administration, July 23, 20http://www.socialsecurity.gov/pubs/ageincrease.htm