I take my checkbook off the table, and see that there is only 1 check left..If you were to start your own retirement benefit now, your benefit would be permanently reduced, and you would be giving up potentially tens of thousands of dollars in long-term Social Security income. If you delay starting Social Security as your husband is doing, you receive 100% of your own benefit at your full retirement age. The Social Security Administration has a retirement age calculator to help..TSCL Endorses New House Bill.If adopted, the Seniors Have Eyes, Ears, and Teeth Act would expand Medicare coverage to include essential hearing, vision, and dental care. Under current law, the traditional Medicare program is prohibited from covering these basic health care services, and millions of seniors living on fixed incomes cannot afford to pay out-of-pocket for routine care or assistive technologies like hearing aids..For a big eye-opener on how illegal immigrants can become entitled to Social Security under current law and for information on Social Security's totalization agreement with Mexico, read Social Security Benefits For Noncitizens, from the non-partisan Congressional Research Service, Publication No. RL32004..Retirees frequently say that their annual cost-of-living adjustment does not adequately keep pace with rising costs. To learn if this is the case, this study, now in its eleventh year, looks at 40 expenditures that are typical for people age 65 and up, comparing the growth in the prices of those goods and services, to the growth in COLAs..Divide family size-packages into single servings: You can't afford to buy big packages every week, but with careful planning you might be able to buy one big package of something once a month and get enough portions to feed you for two months. Soon after purchasing divide your family pack into smaller individual portions and freeze or store appropriately. Hint: Use a good cling film and wrap individual portions. Freeze in reusable zipper bags. Mark with contents and date..Two Bills Gain Support.In years when there has been no, or almost no cost-of-living adjustment, Medicare Part B premiums have spiked significantly. TSCL is highly concerned that another Medicare Part B premium spike could occur again in 202Medicare beneficiaries who are not protected by the special provision of law known as the Social Security "hold harmless" provision could get hit with significantly steeper premium costs in 2021, and it may take several years before the majority of beneficiaries see their net Social Security benefit grow again.

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To help make the right saving and distribution decisions, get professional advice from professional financial advisors..The public frequently confuses the two programs. Like Social Security, people become eligible for Medicare based on payroll tax withholdings from their earnings. Eligibility for Medicaid is based on low income. Medicaid is a combined state and federal program, in which the federal government pays roughly 60% of program costs for all whose income is low enough to qualify under current law. The new House law would end the open ended nature of funding and cap per person costs, adjusting reimbursements for inflation using the consumer price index..To offset the increased spending, the proposal calls for approximately 0 billion in health care savings, with most coming from within the Medicare program. Under the President's plan, more beneficiaries would be subject to means testing and they would see higher premiums for Parts B and D. In addition, new beneficiaries would need to pay a copayment on home health care services, and they would also be faced with a surcharge on premiums for Medigap plans. … Continued

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Even though all federal government buildings are now air conditioned, Congress has continued with that tradition..If adopted, the Seniors Have Eyes, Ears, and Teeth Act would expand Medicare coverage to include essential hearing, vision, and dental care. Under current law, the traditional Medicare program is prohibited from covering these basic health care services, and millions of seniors living on fixed incomes cannot afford to pay out-of-pocket for routine care or assistive technologies like hearing aids..Reps. Steven Rothman and Michael Michaud signed on to Rep. Charlie Gonzalez's CPI-E Act. The co-sponsor total is now at 33. … Continued

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