If I start Social Security this year how much am I allowed to earn? I'll turn age 66 in November. I'm currently working in a job that pays ,000 per year plus health insurance..So why the concern if immigrants will be paying into Social Security and Medicare? Won't the payroll taxes boost the program in the meantime.Preventing benefit cuts. Older Americans understand the compounding effect that even the smallest benefit cut can have over the course of several years. DI beneficiaries living on fixed incomes simply cannot afford a reduction in benefits..I had the opportunity to interview Florida retiree Joe S., who told me how he is impacted, living in one of the most hurricane prone areas in the U.S. - Brevard County, Florida. In September, after hanging 20 hurricane shutters on his home, Joe and his wife evacuated for three days and rode out hurricane Dorian 110 miles inland. Gas, hotel, food costs totaled 0.00. Unexpected expenses like these are hard to plan for..What do you think? Take TSCL's 2016 Senior Survey.."8 Lawmakers Arrested At Immigration Rally," Seung Min Kim, Politico, October 8, 201"House Republicans Still Drafting Several More Immigration Bills," David Harrison, CQ Roll Call, October 23, 2013..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..The program is projected to have enough tax income to pay about 23% less than currently scheduled, according to the Congressional Research Service. But economists warn that without changes to reduce the deficit, the Social Security Trust Fund will get into trouble long before the program is scheduled to become insolvent. Indeed, beneficiaries got a glimpse of what may lay ahead during last summer's battle over the debt limit. According to estimates from the Bi-partisan Policy Center, the federal government did not have sufficient revenues to cover Social Security benefits last August. Congress came within hours of a default on what it owed to the Trust Fund, and thus falling short on money needed to pay benefits before enacting legislation..Based on consumer price index data through May of this year, TSCL's Social Security policy analyst and study author, Mary Johnson, estimates that the COLA for 2018 may indeed be significantly higher than in recent years - around 1.9% - 2.1% - but that could change since there are still several months to go before the COLA is announced in October.

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The video features the six members of The Senior Citizens League's Board of Trustees, as well as a few members of Congress..How much will the New Year's 1.5% cost-of-living adjustment increase your Social Security benefits? How much did your household budget increase over the past 12 months? Your response is important because the only thing standing between seniors and COLA cuts right now is public pressure on Congress and the White House. Major budget negotiations are underway as the nation faces another government shut-down on January 15th, hitting the debt limit again the first week in February. Members of Congress need to hear how their actions would impact real people like you..The Medicare Part A outlook has worsened due to both the financial impacts of COVID-19 and the high levels of people out of work. Nationwide business closures, layoffs and salary cuts, have significantly reduced the amount of revenues received by the Medicare HI trust fund over the past year, while payments to hospitals were increased 20% by emergency legislation for COVID-related care, and the elimination of cost sharing associated with COVID treatments. … Continued

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The coronavirus has hit older Americans particularly hard and sent tens of thousands of Medicare recipients to hospital emergency rooms and intensive care units. That type of care comes with particularly pricey out-of-pocket costs which we expect will drive up Medicare Part B spending for 2020. We.Benefit Bulletin: March/April 2020 What to do When You Can't Afford Medicare Premiums.Mo soberly told me that it has been a grueling experience for "a small-town emergency medical worker" who, before COVID, was used to mainly pushing paper, and just going on only a few calls a week for the "random" auto accident or over-dose. Day after grueling day, Mo and his crew have answered calls to hundreds of homes in my county. And sadly, they are still at it. If you haven't gotten one yet, please consider getting a COVID vaccine! Contact your local health department or doctor.."Americans' Financial Worries Edge Up In 2016," Gallup, April 201"You Might Need Nearly 0,000 To Pay Health-Care Costs In Retirement," Robert Powell, Market Watch, February 6, 2017. … Continued

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