News
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Legislative Update For Week Ending August 2 2019
The new cosponsors of the Social Security Fairness Act are as follows: Congressman Patrick Meehan (PA-7), Congressman Luke Messer (IN-6), Congresswoman Eleanor Holmes Norton (DC), Congressman Danny Davis (IL-7), Congressman Ben Ray Lujan (NM-3), Congressman Dan Kildee (MI-5), Congresswoman Brenda Lawrence (MI-14), Congressman Juan Vargas (CA-51), Congressman Lee Zeldin (NY-1), and Congressman Tim O'Halleran (AZ-1). .Surprisingly, there was no discussion of slowing the growth of cost-of-living adjustments (COLAs) by switching to the more slowly-growing "chained" CPI. The proposal is getting increasing attention (mostly favorable) in media editorials. Switching to the more slowly-growing chained CPI would reduce cost-of-living-adjustments, and many policy experts view the option as a front-runner for reducing the deficit. .The order is a direct response to the President's efforts to greenlight the importation of drugs from Canada. … Continued
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Legislative Update Week Ending August 10 2018
Lawmakers Approve Temporary Spending Bill .But for more than two months, state inspectors failed to enter half the country's homes — a revelation that prompted CMS to crack down. .I worked in a California city police department for 30 years and I'm now entitled to a pension. For the past 8 years, I've also paid into Social Security for. Q & 038; April/May 2020 How Much May I Earn in the Year I Turn Full Retirement Age? … Continued
The fact is there isn't much information yet— even though doctors and their staff are reporting huge amounts of data mandated by the 2010 health law. Based on what I've been able to learn, the Administration is still tinkering with the system. .In case Congress is not able to come to an agreement concerning legislation to lower prescription drug prices, there are reports that President Trump is considering executive action to cut drug prices ahead of the 2020 election as he enters his re-election seeking to rebut Democratic criticism that his policies have hurt U.S. health care. .According to information from the Medicare Rights Center, a nonprofit organization that provides Medicare counseling and educational programs, when you notify a Medicare Advantage plan after the move, then your mom's Special Enrollment Period begins the month you tell her plan, plus two more full months thereafter. .With reconciliation, Democrats can pass a bill without any Republican votes so they are hoping to get a much more comprehensive bill than the Grassley-Wyden one. .However, price negotiations could be included later this year in a reconciliation bill, a fast-track budgetary move that only needs 51 votes to pass the Senate and cannot be blocked using a filibuster. .The decision on when to start benefits is not a simple one. If you have some retirement savings, or equity in a home, it may be to your advantage to delay starting benefits and to use other resources for a few months while you look for other work. Your local senior center, or colleges or public libraries may also have programs provided by retirement and financial professionals that can help provide you with guidance. To learn more, download this publication from the Social Security Administration: How Work Affects Your Benefits. .The Senior Citizens League's surveys in 2020 asked about support for currently debated proposals to change Social Security and Medicare benefits. The five top areas of consensus include the following: .I've heard a lot of confusing advice on when to start Social Security. I'm divorced, single, and I turn 63 this year. I know that by waiting, my benefit will grow, but I'm not sure how much longer I will have my job. I need to augment my income now, especially to afford my health insurance costs. I don't have much in retirement savings. What are my best options? .A number of Social Security recipients told their stories to the members of the subcommittee and explained the problems they face, as well as their desires for improvements to the program.
