When the Social Security Administration receives wage reports from employers with Social Security numbers and names that don't match those on file, the reports go into an Earnings Suspense File until they can be reconciled with the rightful owner. That can occur years later when an application for benefits is received. Over the past ten years for which data is available the Social Security Administration has received on average, more than 9.5 million suspicious wage reports annually representing more than billion per year in wages. It's wages, not the amount of taxes paid that are used to determine benefits..This week, the Congressional Budget Office released its analysis of the Senate's new Better Care Reconciliation Act, and leaders in the Senate postponed a vote on it until after the week-long holiday recess..Then, in our Oct. 3 Update we reported that the chairmen of the House Ways and Means Oversight and Health subcommittees had sent a letter to Health and Human Services Secretary Alex Azar requesting more information about the discount card. Among the questions they were asking was what legal authority is being used to justify the program and how it will be paid for..If that's so why hasn't anybody done it yet? The options Congress has to address the debt are dwindling and the choices that are left are wrenching..Those people include Barbara B. - a retired home healthcare aide who lives in the Indianapolis area. "We're due for the increase," she says. But rising Part B premiums will likely take her entire COLA, leaving her with no increase at all in her net operating Social Security benefit again in 2018..It's hard to plan your optimal retirement age without a realistic idea of what to expect in lifetime Social Security income. Yet, according TSCL's 2017 Senior Survey, 71% of survey participants said that's exactly the situation they were in when they filed a claim for Social Security benefits. They did not know, and Social Security did not supply any estimate of what they could expect in total lifetime Social Security income based on their choice of retirement age..Half of the medications that saw price hikes followed price increases in 2019 and 2020, according to the report..Other services provided by an out-of-network provider at an in-network facility, unless notice and consent criteria are met..With inflation soaring in 2021, The Senior Citizens League has received dozens of emails from retired and disabled adults who say they have cut back on prescription drugs to cope with rising costs, because they have no savings. Said one disabled retiree, "My husband and I have Social Security as our only income. All of our savings went to pay my medical bills. I have seven prescriptions and my husband has three. They are each a minimum of co-pay per month. We have no extra money. Our grocery budget is the only place we can cut from if we want to pay medical bills."

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Here is why we say that..The deduction is especially important to people age 65 and over, since spending on medical expenses increases with age, and healthcare costs can be considerable. About 23 percent of participants in The Senior Citizens League's 2018 Senior Survey said they routinely itemize medical expenses. A recent report from the non-partisan Kaiser Family Foundation says that Medicare households spent on average ,355 in 2016 on healthcare costs that Medicare doesn't cover. That's equivalent to ,700 in 2018 adjusting for inflation..Under the proposed House budget resolution, a Social Security "reform trigger" would be pulled in any year the Social Security Trustees determine the 75-year actuarial balance of the Social Security Trust Fund is in deficit. The resolution would also put any legislation on an expedited schedule for passage. … Continued

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Hang up the phone or shut the door if you encounter any of the following:.With medical costs and prescription drug prices rising higher than ever before, seniors living on fixed incomes are struggling to keep up and can no longer afford to be short-changed by the Social Security COLA. At Wednesday's press conference, Congressman Garamendi said: "Today - March 1st - we declare that something can be done.".Flag recurring costs: Flag costs that you have on a regular basis like premiums, prescriptions, over-the-counter meds, and supplements. These you can automatically figure into your monthly budget. … Continued

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