In order to cover shortfalls - in 2021, and every year thereafter - the Social Security Trust Fund will liquidate the special issue bonds it holds in order to pay scheduled benefits until the program becomes insolvent. According to the Social Security Trustees in 2020, without Congressional action, the combined Social Security Trust Fund will become insolvent around 2034, a little more than ten years from now. At the time of insolvency, Social Security will only receive enough revenues to pay about 77% of benefits. In other words, Congressional inaction could result in an automatic benefit cut of about 23%..At Tuesday's hearing, lawmakers on the Aging Committee and those who testified advocated for the passage of the bipartisan Building Our Largest Dementia Infrastructure for Alzheimer's Act, which was recently introduced by Chairman Collins and currently has the support of forty Senate cosponsors. If adopted, the bill would create the public health infrastructure that is needed to promote early detection, coordinate care, support caregivers, and combat Alzheimer's disease..The federal government negotiates prescription drug prices for Medicaid enrollees and for veterans, but it is not allowed to negotiate lower prices for Medicare beneficiaries. Do you support this policy?.To help protect the buying power of earned benefits, The Senior Citizens League is fighting proposals to cut COLAs. TSCL has developed an online calculator for the public to learn how much a COLA cut would cost in Social Security income. Visit seniorsleague.org/chained-cola-calculator/..Premium subsidies are actually advance federal tax credits and available only for people buying their own insurance on the insurance exchanges. You qualify if your income is less than ,960 for individuals or ,040 for a family of two. Your "modified adjusted gross income" will be used to determine your income. That includes your household's adjusted gross income plus any tax-exempt Social Security, interest and foreign income you have. When you apply, the government will access your most recent tax return to confirm the income data that you report..They also hope to include prescription drug price reductions in this legislation, something most Republicans have so far refused to support and which the drug industry is spending million in lobbying efforts to stop..Almost all of my income is from Social Security. I have some limited savings, and I own my home. I'm having trouble affording my Medicare premiums and out-of-pocket costs, but I don't think I qualify for Medicaid. Are there any programs that may help?."It's about time," states Johnson. At the time of passage of the Affordable Care Act, this tax was widely referred to as a "Medicare" tax in the media, by tax and investment professionals, and, many lawmakers sold it to the public that way. "Now those revenues are needed by the Medicare Part A Hospital Insurance Trust Fund," says Johnson. Part A is three years from insolvency and faces an estimated funding gap of more than 5 billion over the next ten years..Support Grows for CPI-E Act

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Around 20% of Medicare beneficiaries are also enrolled in Medicaid and receive help from the program to cover long-term nursing home stays. The BCRA would cut Medicaid by more than 0 billion and cap federal spending on the program. How will you ensure access to nursing home care if the BCRA is adopted, and can you guarantee that older Americans will not be forced out of skilled nursing facilities due to funding cuts?.Dental expenses not covered by dental insurance..My estimate is based on CPI data through March 2019 and projected through the third quarter of 2019, the quarter that the Social Security Administration will use to determine the COLA. … Continued

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A report about the memo, which was published in Politico, a Washington, D.C., based news service, also stated that the lawyer "and his office late last week instructed administration officials to seek guidance from the DOJ's public integrity section, which deals with election crimes, before moving forward with the drug-discount plan. That has further stalled the plan as the health department waits for DOJ review, said two officials.".New legislation passed in the House to repeal and replace Obamacare puts access to health care for the sickest, poorest, and even older Americans on Medicare at risk, warns The Senior Citizens League. Says TSCL's Medicare and Social Security policy analyst, Mary Johnson, "The GOP's American Health Care Act:.New legislation before the House and Senate would repeal the Windfall Elimination Provision and the Government Pension Offset so that public servants receive the Social Security benefits they have earned and deserve. Will you cosponsor the Social Security Fairness Act when you return to Washington? … Continued

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