Best Ways To Save July August 2019
At the time of writing this week's update, the House had not yet voted on the measure, but its passage is expected in that chamber by Friday. The committees of jurisdiction will then begin working on legislation to repeal the health care law. Through the budget reconciliation process, the Affordable Care Act is expected to be repealed by as early as February, and lawmakers hope to have a replacement plan signed into law soon after. .According to that study, during a recent five-year period, Medicare spending on hundreds of medicines to treat various neurologic conditions, such as epilepsy and multiple sclerosis, rose 50%, but the number of claims increased only 8%. .In view of what happened and the substantial differential in pure dollar terms, TSCL believes "The Notch Fairness Act" is a fair, and even modest settlement for those who were affected by the Notch. "The Notch Fairness Act" would provide those born from 1917 through 1926 the option of choosing ,000 payable over a five year period or an improved monthly benefit. … Continued
This week, TSCL's legislative team, which is led by former Congressman David Funderburk and Mrs. Betty Funderburk, met with several Members of Congress and their top staff to discuss issues of critical importance to seniors. The following bills, among others, were discussed this week: the Consumer Price Index for Elderly Consumers (CPI-E) Act (H.R. 1030), the CPI for Seniors Act (H.R. 2154), the Social Security Fairness Act (H.R. 1795), the Notch Fairness Act (H.R. 155), the No Social Security for Illegal Immigrants Act (H.R. 2745), and the Medicare Physician Payment Innovation Act (H.R. 574). .While inflation varies significantly depending on the area of the country in which people live, locality - based payment rates are not calculated on living costs or specific price levels like the COLA. According to a story appearing on the Federal News Network's website, this is a common misconception about locality pay. In fact, consumer inflation is not even a factor when setting locality pay. ."But the time is coming when the states and federal government will be under urgent pressure to cut Medicaid and Medicare costs," says TSCL Chairman, Larry Hyland. "TSCL is concerned that if states and the federal government don't design and implement the changes the right way, beneficiaries' may lose access to medically necessary care and quality." … Continued
This week, one new cosponsor – Rep. Pete Olson (TX-22) – signed on to the No Social Security for Illegal Immigrants Act (H.R. 2745), bringing the total up to twenty-six. If signed into law, the bill would prevent Social Security credits from being earned by work done illegally. Currently, those who receive "green cards" or work authorization may file a claim for Social Security benefits based on all earnings – even earnings from jobs where they used stolen, invalid, or fraudulent Social Security numbers. We believe that this practice must be put to an end in order to protect the integrity of the Social Security program. .In 2007 an analysis released by TSCL estimated that if 6 million illegal workers were to gain work authorization it would cost Social Security alone more than .6 trillion in benefits through 204Under current law, if illegal immigrants get work authorization at some point they could file claim for Social Security benefits. Currently the Social Security Administration uses all reported earnings to determine entitlement to benefits, including earnings for jobs worked illegally if the worker has kept evidence, like W2s, of earnings. ."The best laid schemes of mice and men oft go awry." That was authored by 18th century poet Robert Burns, and served as the inspiration for the title of John Steinbeck's book, Of Mice and Men, but aptly describes the economic situation facing today's seniors. .In new versions of this scam, scammers are impersonating the Social Security Administration using the Social Security Administration's own phone number as the incoming number on your caller ID. This is called "spoofing." Should you receive a call from someone alleging to be from the Social Security Administration you may report that information to the Social Security Office of Inspector General at 1-800-269-0271, or online at https://oig.ssa.gov/report. .This is precisely what happened to Notch Babies. In 1977, Congress did not have the same benefit of computer software that so quickly does the projections and estimates that we have today. But even if Congress had developed examples illustrating benefit differentials among different categories of receipients "they would not have shown as great differentials as actually developed," said a paper written by James W. Kelly and Joseph R. Humphreys, that appeared in the 1994 report of The Social Security Notch Commission. Some reductions of 10% to 14% would have been anticipated at the time, but because inflation grew much more quickly than estimated, and wages grew much more slowly, benefits were reduced 13% — 30% for Notch Babies under actual conditions. .To help you sort things out, TSCL strongly recommends that you get free one-on-one Medicare counseling through your state health insurance assistance program (SHIP). Many of the programs operate through area agencies on aging, local departments of senior services or senior centers. You can also get more information online at www.Medicare.gov or call 1-800-Medicare ( 7). .In the days and weeks ahead, TSCL encourages its members and supporters to contact their elected officials to request their support for a clean and immediate increase in the debt ceiling. For frequent updates on this important issue, follow TSCL on Facebook or Twitter. .The Social Security cost-of-living adjustment (COLA) for next year is likely to be the highest seen by retirees since 198Based on the most recent CPI data through August, I estimate that the COLA will increase Social Security benefits by 6%-6.1% in 202This would be the highest increase that I've forecast. Your Social Security Benefits Buying Less , editor .He is a member of TREThe Enlisted Association (TREA), The American Legion, the National Association of Uniformed Services (NAUS), the National Rifle Association (NRA), and the United States Flag Foundation. He was a member of the committee that chartered TREA Eagle Chapter 94, Warner Robins, Georgia, in 199He also served as their first President from 1999 to 200In 2001, he moved to Las Vegas, and joined Chapter 84, where he served as their President from 2002-200He returned to Warner Robins 2006, and rejoined Chapter 9He served as their President in 2007 and 2008, 2015, and 201He is still active in chapter activities.