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  • Legislative Update Week Ending July 14 2017

    For updates on the progress of the Prescription Drug Affordability Act or for more information about the Medicare Part D doughnut hole, visit our website at or find us on Facebook and Twitter. .According to a 2013 Pew Research study, women tend to take time off work to have children or care for aging family members more often than men, and then wind up with zero or only low earnings during those years. This reduces the initial Social Security retirement benefit. If a woman works entirely as a stay-at-home mom or is a full-time caregiver and doesn't take a job with an employer or is not self-employed, this means she would only rely on survivor or spousal benefits based on her spouse's work record for financial support. .Common sense suggests that the slowdown in rising Medicare costs is unlikely to last long. Medicare spending results for two main reasons: … Continued

  • Administrative Amnesty Gives Work Authorized Ssns To Known Illegals

    Diversify if you can. If you have the savings, it might be wise to spread your investment between two companies or consider having a portion of yours savings in fixed annuity and a portion in a variable annuity. .However, there is no denying that the past financial crisis and the ensuing recession coupled with the increasing number of participants entering retirement has taken a toll on the Social Security and Medicare Part A trust funds. In fact, the 2013 Social Security and Medicare Boards of Trustees annual reports found that the Social Security's retirement Trust Fund will be exhausted by 2033 and the Medicare's Federal Hospital Insurance Trust Fund will become insolvent by 202I believe in maintaining the strength of these programs and in order to protect future surpluses of these trust funds, Congress must first enact meaningful reforms to ensure they remain for current and future generations of beneficiaries. .This week, Members of Congress returned to Washington following a two-week recess and quickly began working on legislation to prevent a government shutdown. In addition, House Republicans revived the American Health Care Act (AHCA), which would repeal and replace most of the Affordable Care Act (ACA) if adopted. Finally, one House Subcommittee met to discuss fraud prevention within the Social Security Disability Insurance (DI) program. … Continued

With it looking increasingly likely that Social Security beneficiaries will receive the highest COLA in seven years —about 3.3% in 2019 — proponents of "chaining" the COLA are likely to try to argue that the COLA under current law overpays recipients. Proponents of using the chained consumer price index to calculate the COLA claim that the chained consumer price index (CPI) is more "accurate" in calculating the COLA because it takes into account how people substitute other items when prices change. .Increasing the payroll tax rate. Social Security is currently financed by a 12.4 percent payroll tax, split evenly between employers and employees. Gradually increasing the tax rate to 14.4 percent – just one percent more for both workers and employers – would extend the solvency of the Social Security program for decades to come and would amount to just an extra 50 cents per week for the average worker. .If adopted, S. 61 would allow for the personal importation of safe and affordable drugs from approved pharmacies in Canada. .Indeed, the Social Security Administration does not "promise" a specific amount of benefits, but they do not promise to replace a specific percentage of pre-retirement earnings either. Both benefit amounts and "replacement rates" can change at any time if Congress and the Social Security Administration deem it necessary. Prior to the 1977 changes, the replacement rate was not a stable percentage. For people who retired under the 1972-73 flawed formula (those born 1913 through 1916), replacement rates grew from 39% to a high of 54%. The new benefit formula led to a lower, more stable replacement rate of about 43%, as well as lower benefits. .Easier Said Than Done: Public Unconvinced That Medicaid Spending Should Be Cut .Some MA plans, including UnitedHealth – the largest provider of MA coverage – have already begun modifying their offerings in order to accommodate the increasing financial pressure. Last year, UnitedHealth dropped thousands of physicians from its networks, which left many enrollees doctor-less. Without much notice, they had to either find new physicians, or pay more out-of-pocket to see their former, trusted and out-of-network doctors. Because the open enrollment period had already ended, seniors were unable to change plans in order to keep their physicians and their low costs. .I am writing for assistance in applying for the Notch Settlement on behalf of my widowed mother who has been a supporter of this cause for several years. She currently draws my deceased father's Social Security since it is greater than what she would receive under her own amounts paid in. My father was born on Sept. 16, 1926, which would qualify her to receive the settlement of ,000. She also has an acquaintance who was in this same situation and she was able to obtain the ,000 in full under her husband's benefits and he was also born in 192We have made several attempts to contact Social Security and they simply will not respond to her request. Is there any assistance you may lend to resolve this issue? .We will be watching all of the candidates closely as we approach the November elections. Seniors are not being over-paid by Social Security and are not under-paying for Medicare. Getting Congress to pass a fair COLA that reflects the true cost of living for Seniors' remain one of our top priorities and we will keep you informed about what the candidates say about the Social Security and Medicare issue and details on their platforms are released. .I spent the better part of last year trying to determine the cause of, and best treatment for, a mysterious chronic cough. A non-smoker, I'm usually obnoxiously healthy. Last year, though, I went through a battery of four specialists, a long menu of tests, underwent surgery and spent a night in the hospital. Yet by January of this year the cough was worse than ever.