

News
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Healthcare Costs Taking Bigger Share Social Security Benefits
Sources: "Complementary And Alternative Medicine Products And Their Regulation By The Food And Drug Administration," FDA, December 200"Complimentary And Alternative Medicine Use Among Adults: United States 2002," CDC, May 27, 2004. . I was born May 10, 1960. Can you tell me my retirement age? I've read that the retirement age for Social Security is rising. How does this affect the amount that I receive in benefits? Can I still retire and receive benefits at age 62? .With 1.2 million supporters, The Senior Citizens League is one of the nation's largest nonpartisan seniors groups. Its mission is to promote and assist members and supporters, to educate and alert senior citizens about their rights an … Continued
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Q February March 2018
According to a report from Kaiser Health News, the skepticism is "Because whether it's sharing the credit for a legislative victory with the other party or running afoul of the powerful pharmaceutical lobby, neither Democrats nor Republicans are sure the benefits are worth the risks, according to several of those familiar with the debate on Capitol Hill. .https://www.mayoclinic.org/diseases-conditions/coronavirus/in-depth/covid-19-cold-flu-and-allergies-differences/art-20503981 .In 2018 Sally will finally get a COLA of 2% raising her monthly benefit of ,003 by .10 to ,023.However, if Medicare Part B premiums would be 4 per month in 2018 — Sally would need a COLA of .10 to cover the full cost of Part B premiums. Because Sally's benefit only increased .10, the increase in her Part B premium cannot exceed that amount. Thus Sally will continue to receive hold harmless protection and her monthly Medicare Part B premium would be adjusted downwards to 8.00 (7.90 + .10) to avoid reduction of her Social Security benefit. … Continued
But, again to be fair, the situation was the same when the Democrats were the majority in the Senate. So perhaps the issue is not which party is in control. Maybe it's the within the institution of the Senate itself. Or maybe it's the fact that voters keep sending Senators to Washington who are afraid to compromise on issues because the voters are so divided about what they done. .At the time of writing this week's update, neither chamber had voted on the omnibus spending bill, but its passage is expected before funding runs out on Tuesday, December 22nd. A vote in the House is scheduled for Friday morning, and lawmakers in the Senate will likely take it up shortly thereafter, potentially as early as Friday afternoon. President Obama signaled his support for the spending package on Wednesday, which means he plans to sign it into law if it is sent to his desk. .This week, House lawmakers remained in their home districts to continue the August recess. Meanwhile, The Senior Citizens League (TSCL) saw support grow in the Senate for three bipartisan bills that would strengthen the Medicare program. .Pelosi is reported to be aiming for a House vote on the plan by the end of October or early November but Senate Majority Leader McConnell has already said the bill will go nowhere in the Senate. .In order to correct the wrong done to those born during the Notch years, TSCL believes that some compensation should be provided. The Notch Fairness Act would provide victims of the Social Security Notch with a modest settlement payment or an increased monthly benefit calculation. .Senate Committee Discusses Social Security Benefit Maximization .Sixty – seven percent of seniors participating in the survey said they already spend up to one-third of their Social Security benefits on Medicare costs. Another 21 percent said they spent up to one-half. "Because healthcare costs are rising more rapidly than Social Security benefits, spending on Medicare takes an increasing share of senior income as seniors age," says Cates. .TSCL's legislative team is monitoring the tax reform negotiations closely, and we have serious concerns about several provisions that would impact older Americans, including the following five… .The tax cut costs the federal government approximately 0 billion each year it is extended. Allowing it to expire after this year would more than cover the cost of the Notch Fairness Act's passage. TSCL believes that Congress must pass the Notch Fairness Act to correct a wrong done to those affected by the Notch. Each of the offset options above would allow Congress to responsibly pass the Notch Fairness Act without contributing to the deficit. To learn more about the Social Security Notch, visit our website at .