Dependentparent benefit based on account of person who has reached age 62..Get the spiel. Keep pen and paper close to your phone and the next time you get the call, write down the offer. Without giving away any of your own information stay on the line to talk to an agent. What is the item or service and what are the terms?.If you would like to continue receiving these press releases via email, please send your email address to [email protected] about 70% of Medicare beneficiaries will see no Medicare Part B increase in premiums this year, the legislation reduced monthly Part B premiums for the 30% of beneficiaries who faced the jump of 52%. That group, who are not protected by the Social Security "hold harmless" provision, will pay a base premium of 1.80 per month instead of an estimated 9 this year. Higher income beneficiaries who are not protected by hold harmless pay an additional surcharge on the base premium amount. The legislation also reduced an increase in the Part B deductible from a projected 3 to 6..An individual's earnings are the basis for how the Social Security Administration calculates the initial retirement benefit. The benefit formula uses the 35 years of highest earnings to determine the average monthly wage. Low earnings and years of no earnings in one's earnings record, decreases the average monthly wage used to determine the monthly benefit. Initial benefits are pulled down with it. To boost benefits, some women today are working much longer than they anticipated to fill those gaps in their earnings records..On Monday, the CBO released its highly anticipated analysis of the BCRA health reform legislation released late last week by Republican leaders in the Senate. The report shows that if signed into law, the bill would leave 22 million more individuals uninsured than current law, and it would hit older, poorer people the hardest especially those between the ages of fifty and sixty-four with less than ,200 in annual income. Those individuals would see health insurance premium increases of 200 percent or more under the BCRA..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..NASI's survey used an innovative trade - off analysis approach to learn what Social Security changes Americans favor and are willing to pay for. Trade - off analysis is commonly used in market research for product development. It determines the effect of decreasing one or more key factors and simultaneously increasing one or more other key factors in a decision, design or project. More than 2,000 Americans over the age of 21 participated and 87% percent of respondents said they are registered voters..According to TSCL's 2017 Senior Survey, 8% of survey respondents said that their benefits have been withheld by Social Security due to excess earnings. Unless you have a terminal illness and are not expected to live very long, we strongly recommend that you consider delaying the start of your Social Security benefit until you are 66 or older when you will be eligible for the full, unreduced amount. To get the maximum, consider working until age 70 if you can. Your benefit will grow by 8% per year if you do.
