Will Social Security benefits be increased fairly to provide adequate cost-of-living adjustments ?.Advisor editor Mary Johnson estimates that using the chained CPI would cut lifetime Social Security benefits by about 7% over 25 years. New retirees with an average benefit of ,100 in 2010 would receive about ,634 less over a 25-year retirement period. "The financial impact is deceptive, appearing small at first," says TSCL Executive Director, Shannon Benton, "But the cuts compound over time, growing deepest when seniors are the oldest and sickest. By the time seniors are in their late 80's or 90's, when they are most likely to have chronic health problems, monthly benefits would be about 5 lower using the chained CPI.".At this point in time, it remains to be seen whether or not lawmakers will successfully avert the October 1st shutdown. Leaders in the House have already cancelled the week-long recess that was scheduled to begin on September 23rd, and according to Congressional Quarterly, a Senate vote on the measure could come as late as September 29th just one day before funding for federal agencies expires..As long as all other qualifications are met, and they have evidence of their earnings, like W2s, they may file a claim for Social Security benefits. Others who receive an SSN after 2004 must have work authorization to claim benefits. Yet even people who worked illegally for many years sometimes later change status. That can occur even without an amnesty, especially if the illegals have children who were born in this country. Because the children are born as U.S. citizens, when they become adults they can sponsor their parents to stay in the U.S. legally and to receive work authorization. If their parents kept W2s and evidence earnings, those work credits will be re-instated to their new SSNs. Once they receive work authorization, noncitizens can later file a claim for Social Security benefits..Subcommittee Discusses Social Security Windfall.In addition, since 1992 there has been a significant change to the government's bottom line. For the government fiscal year ending September 30, 2000, the Congressional Budget Office reported a surplus of 6 billion- billion of which comes from non Social Security revenues. The CBO estimates the 10-year non-Social Security surplus to be about .1 trillion..With President Obama pushing for an immigration bill "by the end of the summer," Congress is rapidly moving major immigration reform legislation. Under the bill passed in the Senate, an estimated 8-11 million unauthorized immigrants would receive work authorization, giving them access to Social Security numbers and with it entitlement to Social Security and Medicare benefits with ten years of earnings..Calling it an "economic imperative," President Obama continues to call for comprehensive immigration reform that would provide a path to legal status for illegal immigrants. A day after the President outlined his plan in a speech on the border with Mexico, immigration reform legislation known as the "DREAM Act" was reintroduced in the Senate..I turn 65 next year, and have very good healthcare coverage through my husband's employer. I need Humira for rheumatoid arthritis. The drug retails for more than ,250 a dose, which I require monthly. My husband's plan normally has a co-pay of 0 for Humira, but through a special arrangement I'm required to pay only $Do I have to give up this coverage when I sign up for Medicare?

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Starting January 1, 2014, all Americans are required to have health insurance. People who can afford it, but don't purchase health insurance by that date, may have to pay a fee, and must also pay the entire cost of all medical care they may later require. The fee in 2014 is 1% of your yearly income, or per person for the year, whichever is higher and that fee increases every year. By 2016, it is 2.5% of income, or 5 per person, whichever is higher..Senate Republican Whip John Thune, who TSCL met with last week, noted the Senate plans to hold multiple hearings on what should be included in the next relief bill, but he said moving a bill "probably doesn't happen" until July..The new Congress has been sworn into office but little in the way of legislation regarding Social Security, Medicare or Medicaid has yet been introduced. As we all are no doubt aware, there have been other things on Congress' plate the last week or two, to say the least. But once President Biden is sworn into office this Wednesday Congress will return and the legislative season will be off and running. … Continued

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"That simply isn't the case," says TSCL Chairman, Larry Hyland. TSCL conducts an annual survey of typical senior costs. "That data indicates that Social Security benefits have lost more than one-third of their buying power since 2000," Hyland says. "Changes that cut COLAs even further would make it that much harder for seniors and disabled beneficiaries to afford rising Medicare, energy, and other costs," he notes..This includes, among other things, legislation to strengthen the long-term viability of both Social Security and Medicare; lowering the costs of prescription drugs; enacting a fair COLA that takes into account the actual cost of living increases seniors face; Social Security Notch Reform; stopping any cuts to Social Security, Medicare or Medicaid, or to the COLA that may be proposed; enacting legislation to provide for dental, vision and hearing coverage for seniors..By Representative John Garamendi … Continued

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