Rep. Charles Gonzalez introduced H.R. 456 on January 26, 201It has since been referred to the House Committee on Ways and Means.."My husband passed away September 5, 200What will happen to his lump-sum if they ever decide to pass Notch Reform? What would happen to my lump-sum if I should die now? Would my daughter get it? It seems they are waiting for us all to die."."Protecting the integrity of the Social Security program for current and future retirees is critical to our members and supporters," Hyland said. "As such, TSCL salutes you for introducing an amendment to S. 744 that would prohibit unauthorized workers from receiving Social Security benefits based on work completed illegally, with stolen or fraudulent Social Security numbers… we believe your amendment would improve the program's long-term solvency and prevent an unspecified and unnecessary strain on the Trust Fund.".The COLA as currently calculated is failing to protect the buying power of the beneficiaries for whom it is intended. TSCL supports legislation, the 3% COLA Act, that would ensure a more fair and adequate COLA two ways. It would base the annual boost on an index that more accurately reflects of the costs of older Americans - the Consumer Price Index for the Elderly. In addition, the legislation would require an annual minimum COLA of no less than 3%..Social Security beneficiaries receive a small automatic increase in their Social Security checks most years, intended to help their benefits keep up with rising costs. But since 2000, COLAs increased benefits a total of just 43 percent while typical senior expenses have jumped 86%. When costs climb more rapidly than benefits, retirees must spend down retirement savings more quickly than expected, and those without savings or other retirement income are either going into debt, or going without.."Hearing On The Effects Of COVID-19 On Social Security," Testimony of Stephen C. Goss, Chief Actuary, Social Security Administration, House Ways and Means Subcommittee on Social Security, July 17, 2020. "Biden Has Promised To Reform Social Security - Some Changes Could Come As Soon As This Year," Lorie Konish, CNBC, January 23, 2021..Another concern about congressional inaction on the debt ceiling is the potential for cuts to programs like Social Security, Medicare, and Medicaid. In recent debates, Social Security benefits have been used as a bargaining chip and have been held hostage to the debt limit increase. Some retirees have felt the sting of unexpected benefit cuts. In 2015, following the passage of the Bipartisan Budget Act, millions of seniors, already eligible for Social Security benefits, learned that an important claiming method called "file and suspend" a particularly important protection for women who tend to have lower benefits than men would no longer be an option to them..It's likely the surprise billing package will be attached to the year-end government spending bill, as lawmakers attempted to do late last year, assuming they can come to an agreement by the end of the year..The big dental expense is when you need more extensive work like crowns or root canals. Yet dental insurance often comes with waiting periods and won't cover fillings for the first six months of a policy and may not offer coverage for other procedures for up to 18 months. Many plans also have very low annual caps on care of ,000, meaning that once your dental bills exceed that amount you pay the rest of the bills in full.
