partnership programs available in several states..This week, two new cosponsors Reps. David Cicilline and Steve Cohen signed on to the SAVE Benefits Act, which was recently introduced by Rep. Alan Grayson in the House. If signed into law, the bill would give Social Security beneficiaries a 3.9 percent COLA next year instead of the zero COLA they are expected to receive. It would cover the cost of the emergency COLA and extend the solvency of the Trust Funds by closing a loophole that allows corporations to deduct bonuses for CEOs from their taxes..Natural disasters can affect the consumer price index by showing up as higher costs, particularly when gasoline supplies are disrupted, and large numbers of people are forced to evacuate needing shelter and food away from home. But Joe thinks that our government economists may be cooking the books in their methods of measuring price increases..While economists are still sorting out the reason for the fall in inflation, I recently asked what you have observed in the way of prices. Are the goods and services on which you typically spend most of your budget really falling - or are those prices actually going up?.To qualify for a divorced spouse survivor's benefit, you must have been married to your ex-spouse for at least 10 years, and you did not remarry until you were past the age of 60. After age 60, your remarriage does not affect eligibility for ex-spouse survivor's benefits. Any benefit that you receive would not affect the benefit for other survivors who are receiving benefits based on the record of your ex-spouse..Deductibles: This is the amount you pay out of pocket before your insurance coverage kicks in. Most people get CT scans as outpatients under Medicare Part B, which has a deductible of 3 in 2021, meaning you might be responsible for that amount. If your scan is part of a hospital stay as an inpatient, it would bill under Part A which has a deductible of ,48Because you are enrolled in a Medicare Advantage plan, your deductible amounts can vary from the standard Medicare amount. It's a good idea to call your health plan before getting any services, to get an idea about the cost. For people covered by a Medigap supplement, it will cover the Part A deductibles but, as of January 2020, insurers are no longer allowed to sell plans that cover the Part B deductible, Plans C and Plan F to new enrollees..When Congress enacted automatic Social Security COLAs in 1972, there was only one CPI and it measured the inflation experienced by urban wage earners and clerical workers. The 1972 amendments used this CPI as the basis for determining your COLA today. But today there are other, more appropriate indexes for calculating the COLA. In 1978 the Bureau of Labor Statistics expanded the CPI known as the CPI-U to cover all urban residents, including most retirees, and in 1983 the BLS launched an experimental index, the Consumer Price Index for the Elderly, which reflects the spending patterns of people age 62 and older..Your earnings from work will reduce your benefits if you are under your full retirement age and the earnings are more than the annual limit. The age at which people become eligible for full retirement benefits has been gradually rising. The full retirement age for people born from 1943 through 1954 is 66..Should that come about you can be sure that TSCL will be fighting as hard as we can to stop any new attempt cut those programs that you've earned with your years of hard work and contributions to them and that you now depend on.

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When people file a claim for benefits, Social Security determines both entitlement to, and the amount of, benefits based on earnings history, NOT the amount of taxes paid in. Under current law, all earnings for which there is evidence are used to determine an individual's benefits, even if the earnings were for jobs worked under invalid and fraudulent Social Security numbers. Thus executive action on immigration could open Social Security and Medicare to significant long-term costs based on work performed while illegal..Most seniors are aware of the impact of the consumer price index on COLAs. But switching to the more slowly growing "chained" CPI, if applied government-wide, would be far more reaching than Social Security cuts alone. In every aspect where applied, seniors would receive less in benefits and pay more in higher taxes. The following chart illustrates:.In 2012, the GPO reduced, by nearly two-thirds, the Social Security benefits of nearly 600,000 surviving spouses who also collect a government pension. Nine out of 10 public employees affected by the GPO lose their entire spousal benefit, even though their spouse paid Social Security taxes for years. … Continued

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"The side effects of the drug, to be sold as Aduhelm by maker Biogen, are troubling and the cost is staggering, at ,000 per year 'forever,' doctors told STAT. More than one-third of trial participants developed brain swelling and 17% to 19% had small bleeds in their brains.".When the average person measures cost changes, one compares the change in the cost of a specific item like a gallon of home heating oil over a specific time frame. For example, the national average cost of home heating oil was .15 per gallon in the first week of January 2000. In the first week in January, 2013 it had increased to .00 per gallon - an increase of .8That's a total increase of 257% over 13 years..Under growing pressure to reduce the federal deficit, the prospect of major Social Security and Medicare cuts is the greatest it's been in almost three decades. The recent debt limit deal calls for a bipartisan committee that has until Thanksgiving to come up with a plan to cut the deficit by .2 trillion. TSCL believes that the committee would very likely include a change to a more slowly growing consumer price index that would cut annual-cost-of-living adjustments. There are also proposals that would require seniors to pay a bigger portion of their Medicare costs. … Continued

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