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Ask The Advisor How Would Earnings Under A Stolen Ssn Affect My Benefits
This week, TSCL delivered letters to several leaders in Congress – including Senate Majority Leader Mitch McConnell (KY), House Speaker Paul Ryan (WI-1), and House Freedom Caucus Chairman Mark Meadows (NC-11) – urging immediate action on the looming debt ceiling crisis. .Pfizer and Moderna also are studying the effect of their vaccines on asymptomatic infections. .According to the Congressional Research Service (CRS), for a person who retired at age 65 with average wages, a maximum benefit disparity of 10% would have arisen between the highest benefit under the old rules and the lowest benefit under the new rules if the 1977 assumptions had materialized. Under the economic conditions that actually arose, the disparity was 25% (6). … Continued
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Congressional Corner By Representative Ted Deutch Fl Feed
Members of Congress receive their benefits through the District of Columbia's small business health options program (SHOP) exchange that was established under the 2010 health law. Effective January 1, 2014, Members of Congress had to give up their previous health benefits received through the Federal Employees Health Benefits Program (FEHB) and get their insurance through the exchange. However, they remain eligible for employer contributions from the federal government (i.e., U.S. taxpayers) toward coverage, just as they previously received for their FEHB coverage. .TSCL will be watching closely for the expected executive orders and we will report on them in our legislative update that follows the release of the orders. .Last week we told you that President Trump issued four executive orders concerning prescription drug prices. We explained that we at TSCL are taking a "wait and see" approach because of concerns about the orders and the limitations that are involved with them. … Continued
According to MedPAC, the Medicare fee schedule undervalues the important services that primary care physicians provide. This creates disparities in compensation between the primary care and specialty fields, and it deters medical students from choosing to enter primary care. To address the issue, MedPAC recommended an extension of a primary care bonus program that is set to expire in the near future. However, instead of offering bonus payments for each service that is provided, the Commission suggested that physicians be rewarded on a per beneficiary basis, which will help the Medicare program improve the coordination of care. .On Monday, lawmakers in the House revealed the American Health Care Act (AHCA), which would replace the Affordable Care Act (ACA) if signed into law. Just two days later – before the Congressional Budget Office had a chance to evaluate the proposal – Republicans on the House Ways and Means Committee and the House Energy and Commerce Committee voted to advance the proposal. .Payment Reform Bill Passes First Hurdle .The announcement comes as the Super-Committee members consider how much savings should come from tax cuts versus spending cuts. If the committee cannot come to an agreement by the November 23rd deadline, across-the-board budget cuts will occur. .(Washington, DC) –Today's announcement of a 0.3 percent cost - of - living adjustment (COLA) is another major disappointment to the 60 million people who depend on Social Security, says The Senior Citizens League (TSCL.) "The consumer price index (CPI) that the government uses to determine the annual COLA is simply not doing the job of protecting the buying power of older and disabled Americans," says Mary Johnson, TSCL's Social Security policy analyst. .This week, just hours ahead of the December 9th deadline, lawmakers in the House passed legislation to avoid a government shutdown and left town for the remainder of the year. They are expected to return to Capitol Hill on January 3, 2017 to begin the 115th Congress. .TSCL feels the closing of the World War II Memorial is a prime example of backwards Administration priorities. Access to that memorial should never be barred in the first place. Its construction was funded heavily by donations from the public rather than solely by tax revenues, and many donations came from Notch Babies who formed the bulk of the fighting forces during World War II. In fact, TSCL members and supporters alone donated over ,749 for the World War II Memorial Foundation. .Between age 55 and 64, it's as if our body's warranty expires and everything just crashes. By the time we turn 65 and eligible for Medicare, chances are we may have a chronic health condition that requires regular check-ups. Often, it's insidiously hard to tell whether a problem really is serious or whether it's just a "natural part of growing older," which in any case feels just as crummy. .The Social Security Administration calculates benefit withholdings based on the amount you report that you will earn for the year, and then will withhold all benefit payments for a certain period of months to cover excess earnings. For example, say you received a Social Security benefit payment of 0 per month in 2007 (,800 for the year). Let's say that during 2007 you worked and earned ,450 or ,490 over the earnings limit (,450 - ,960). Social Security would withhold ,745 in benefit payments covering slightly more than 6 months of your payments.
