Under the policy, illegal immigrants younger than the age of 30, who came to the United States before the age of 16, will be allowed to remain in the country without risk of deportation and to get work permits if they have been law abiding and meet certain requirements. Although the policy does not grant legal status, work authorization would provide access to Social Security numbers..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..On August 15th, President Obama went on the record saying, "We should extend the payroll tax cut as soon as possible, so that workers have more money in their paychecks next year and businesses have more customers next year.".When you simply claim benefits at age 66, Social Security will "deem" you eligible for both your own retirement benefit, and an ex spouse benefit. You receive your own benefit first, and the balance that you are eligible for as a divorced spouse would make up the difference. But by claiming at 66 you loose the advantage of delayed retirement credits that can boost your benefit by 8% per year from full retirement age to age 70..While the bill did win approval by the Appropriations Subcommittee this week, its future remains uncertain. Typically, bills that are advanced by Appropriations Subcommittees on Tuesdays are considered by the full Committee on Thursdays. However, the Labor-HHS-Education bill is not currently on the schedule, and Sen. Tom Harkin Chairman of the Subcommittee has said "there are no plans" for a full Committee markup. Some are speculating that, with the November elections looming, lawmakers are hoping to avoid the politically tough votes on amendments that come along with Labor-HHS-Education spending packages..Gold standard. Companies acquire drugs considered the best available for the condition they treat, ensuring that physicians would continue to prescribe it even if the price increased..Senior advocates are concerned that all of Medicare's 60 million beneficiaries will likely see their premiums for Medicare Part B, and Medigap supplements, rise significantly to cover this one new medication. Because the drug is administered in a physician's office, it would be covered under Medicare Part B, not part D plans which pay for drugs purchased from pharmacies. Medicare typically reimburses doctors 103% of the list price of drugs administered in their office.."Social Security Administration Actuarial Score," HR. 1314, Stephen Goss, Social Security Administration Office of the Actuary, October 27, 201"Time To Close A Social Security Loophole?" Alicia H. Munnell, Market Watch, March 19, 2014..The sharp plunge was the result of changes that Congress made in 1977 to a Social Security benefit formula glitch that over-adjusted for inflation. At the time, Social Security actuaries forecast that if left unchanged, some groups of future retirees would receive benefits that would be even higher than their average earnings during their working years. Social Security was almost insolvent.

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The Obama Administration and proponents of Obamacare have continued to downplay the cancellations of the health insurance of 4.7 million individual policy-holders who received notices that our polices would be ending in 2014 because they didn't comply with the new healthcare law. I was able to temporarily renew my so-called "junk policy." I wanted to keep it because my deductible is 50% lower than the lowest deductible found on any comparable policy in my area on the exchange, and my current plan has a much less restrictive provider network. Most importantly my premium is about 60% lower than I would pay on the exchange, that's after the subsidy..TSCL Endorses Two Medicare Bills.After weeks of debate by the House-Senate Conference Committee, President Obama signed the payroll tax holiday and temporary "doc fix" into law this week. Other action on Capitol Hill remained slow this week, as both Houses of Congress have adjourned for the Presidents Day Recess. … Continued

Blog Nebraska Election Tech Committee Meets To Consider Options

President Trump has said that he wants to deliver on his promise to lower drug costs, but bipartisan legislation is required to cap costs and provide real cost savings for older Americans. If Congress fails to take action, older Americans will bear the increasing burden of higher drug spending through depleted savings, higher taxes, and a lower standard of living..I'm 62 and my wife is 60. Last year she and I signed up for a new health plan on the federal health exchange. We qualified for lower premiums, but we still have trouble paying for all the out-of-pocket costs, because of the high deductibles. Now it's time to start all over. We're wondering if we should let our current plan automatically renew, or if we need to go through the hassle of shopping for new plans all over again..Conferees Hit Budget Impasse … Continued

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