pressure was high - dangerously so - and wound up driving straight to the.Compounding the problem, it's also common for people close to retirement to underestimate medical expenses. Four-out-of-ten participants in the Nationwide survey did not expect to spend any of their Social Security income on healthcare. The Social Security Administration, however, automatically deducts the Medicare Part B premium, which is 4.00 per month in 2018, from Social Security benefits. Medicare Part B premiums have been the fastest rising retiree cost over the past 18 years..Estimate your costs and when you may risk hitting the doughnut hole: Based on the prescriptions you enter, the Medicare Drug Plan Finder can estimate your annual costs and when you potentially may hit the doughnut hole..In fact, Senators on both sides of the aisle praised Burwell during their speeches on the Senate floor, expressing their high hopes for her work as HHS Secretary. Sen. Mike Johanns called her "a breath of fresh air," and Sen. Rob Portman said he thinks Burwell will help the department "get its act together." In addition, Sen. Johnny Isakson stated: "I'm looking forward to having someone in [HHS] that's going to be able to answer the hard questions. I might not like the answer, but I like having somebody who has the intellect and the capability and the willingness to be communicating with the Members of Congress.".Social Security beneficiaries are receiving a cost-of-living adjustment of just 1.6% this year. For many, that won't be enough to keep up with healthcare costs, let alone items like homeowners and auto insurance or rising real estate taxes. That leaves retirees digging deeper into savings - if they have any, or - going deeper into debt..However, the swell of seniors who qualify for Medicare has outpaced the number of doctors available to treat them. Every day, an estimated 10,000 Americans turn 65 and become eligible for the government program, the Census Bureau reported..But that's not all. Congressional Democrats also want to add dental, vision and hearing coverage to Medicare but that goal is running into resistance from powerful health industry lobbies..Automatic renewals are supposed to make this fall's Open Enrollment under the new health law run more smoothly for consumers like you. But analysts are warning to only do so as a last resort - especially if you qualified for a lower premium. The lower premiums are made possible through premium subsidies, which are actually an advance tax credit based on your income. According to analysts, health insurance exchange customers who like the convenience of automatically renewing are likely to receive outdated and inaccurate premium subsidy amounts that could result in big tax bills later..Just hours after the trustees released their annual reports on Wednesday, members of the House Ways and Means Social Security Subcommittee met with Chief Actuary Stephen Goss to discuss the findings. Many of those present at the hearing expressed their commitment to addressing the program's funding shortfall. Chairman Sam Johnson said, "The longer we wait, the tougher it will get to fix Social Security. So the sooner we act the better." Chief Actuary Goss agreed, saying: "The trustees have consistently advised that enacting changes soon, even if with delayed effective dates, will allow more options to be considered, more advance warning for those affected, and a more gradual phase-in of adjustments."

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CMS Leader Confirmed by Senate.What you propose is an interesting concept. It would be possible to design such cost of living adjustment option in several different ways. For example, the COLA could be calculated based on the national average retiree benefit in the current year. This amount could be adjusted using the current method the Consumer Price Index for Urban Wage Earners and Clerical Workers, or the use of a seniors' consumer price index such as the Consumer Price Index for the Elderly. The law could even add a provision that the COLA would never be lower than a certain amount - such as 3%..During the meetings, the following issues were discussed: Social Security cost-of-living adjustments, Social Security Notch fairness, Social Security Totalization agreement reform, Social Security credits earned for work done illegally, and repeal of both the windfall elimination provision and the government pension offset. Support was expressed for many of these key issues, and TSCL looks forward to working with these offices in the future. … Continued

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As a father of three children attending public school, I want them to have access to the best educators. H.R. 973 will not only give our public servants the certainty they deserve but a chance to recruit and retain the best, brightest, and most dedicated educators so America can continue to compete..TSCL's annual senior survey, conducted from January through March of this year, confirmed that monthly household expenses made steep increases over the past year. The majority, 67%, indicated their monthly expenses went up by more than With today's Social Security benefit averaging ,320 per month, this is an unsustainable level of rising spending when there's just a 0.3% benefit increase to match..Survey participants were asked: "Since the start of 2021, which of the following budget categories increased fastest in your household?" … Continued

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