Washington, DC) An eye - popping new list compiled by The Senior Citizens League indicates that, by late 2020, price increases for many of the expenditures of older Americans far outstripped the modest 1.3 percent cost of living adjustment boost that Social Security recipients start receiving this month. "This list is a snapshot of how COVID-19 affected prices of certain items through the end of November 2020," says Mary Johnson, a Social Security policy analyst for The Senior Citizens League. "There are surprising price aberrations that we haven't seen before," Johnson says. "Never in my wildest dreams would I have thought that toilet paper and disinfecting wipes could wind up on our annual list of fastest growing retiree costs," Johnson says..You can learn how the earnings test works and exempt amounts by year at:. You can check your earnings record online by setting up a "my Social Security" account. To contact Social Security by phone, call, or visit your local Social Security office..During these meetings, the following issues were discussed: Social Security cost-of-living adjustments, Social Security Notch fairness, Social Security Totalization agreement reform, and repeal of both the windfall elimination provision and the government pension offset. Support was expressed for many of these key issues, and TSCL looks forward to working with these offices in the future..Can You Live On Social Security Alone?."The Senior Citizens League believes that as retirees and disabled people live longer, thousands of older Americans like Susan and her husband are working hard to make ends meet while at the same time providing care and support to aging family members and disabled adult children, says TSCL Chairman Ed Cates. The Senior Citizens League recently endorsed The Credit For Caring Act, legislation that would provide a tax credit for caregiving expenses..A third initiative will increase access to nutritious foods for homebound individuals who can no longer drive by allowing Supplemental Nutrition Assistance Program benefits to be used for food delivery services. In addition, the Department of Transportation will be rolling out a new project called the National Aging and Disability Transportation Center. The .5 million initiative will help develop transportation options available to homebound older Americans..Finally, the platform closes by saying, "Saving Social Security is more than a challenge. It is our moral obligation to those who trusted in the government's word.".Emergency legislation passed earlier this year required health insurers, including those participating in Medicare, to cover both the coronavirus test, and associated care for COVID-19 without cost sharing. But it's becoming clear that patients may still be vulnerable to "surprise" medical bills for costs they thought would be covered. We hope that your dad is not another such case..In past years, Congress has chosen to allow this cost to shift to the 30 percent beneficiaries who are not held harmless. The total cost increase is spread over far fewer people, instead of all beneficiaries, and those who are not protected pay a much bigger share of Medicare Part B costs. This could happen again for the 2021 premium.

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A new study has found that it is more than prices that are high when it comes to so many prescription drugs. According to Modern Healthcare newsletter, "A .40 increase in out-of-pocket costs per prescription was associated with a 22.6% drop in consumption and a 32.7% increase in monthly mortality rates, an analysis of more than 358,000 relatively healthy 65-year-old Medicare beneficiaries found.".But the hyper - inflation of 2021also means that Social Security recipients are likely to see the highest cost-of-living adjustment in almost four decades. Johnson estimates that the Social Security COLA payable in 2022 will be about 6.2 percent if the current trends continue. "That's a huge boost, coming after COLAs have averaged a meager 1.4 percent over the past 12 years," Johnson notes..That subject is the coronavirus flu. We wrote a little about it last week, but we still have questions and concerns and we think you probably do, also. Let's start by pointing out the following: even the world's top infectious-disease specialists still aren't sure how lethal a threat the coronavirus presents. … Continued

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Never allow anyone into your home to check electrical wiring, natural gas pipes or appliances unless you have scheduled an appointment or have reported a utility problem. Also, ask utility employees for proper identification..Will Social Security Changes Affect Our Plans?.The part of Social Security that pays old age and survivor benefits is projected to become insolvent in just 14 years. The Social Security fund that pays disability benefits is projected to last longer until 206But that fund is much smaller and even if money were diverted from it to the old age fund, it would only last for an additional year. … Continued

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