However, for many retirees age 65 and up, most or even all their COLA was offset by rising Medicare premiums and out-of-pocket costs. A recent survey conducted by TSCL found that 48 percent of survey participants reported that, after the deduction for just the Part B premium, their COLA increased their Social Security benefit by less than Another 6 percent of survey respondents reported no increase to their net benefits at all..Despite the slowing of the CPI, earlier this year, Medicare actuaries estimated that the base Part B premium paid by most seniors will climb about 8%, from .90 per month to 9.10, starting next January..I'm interested in hearing about your experiences with Medicare and Obamacare. What is working the way it should? What isn't? Send an email with "Obamacare, No Lie!" in the subject line at [email protected] week, lawmakers remained in their home states and districts to continue the fall recess. They are expected to return to Capitol Hill following the November elections to begin the lame duck session. Until then, most lawmakers will be attending local events and holding town hall meetings in their home states and districts..On Wednesday, Congressman John Garamendi introduced the Consumer Price Index for Elderly Consumers Act at a press conference with several advocates for older Americans, including TSCL. If adopted, his bill would base Social Security COLAs on a more accurate measure of inflation using the CPI-E. Currently, they are based on the way young workers spend their money using the Consumer Price Index for Urban Wage Earners..Caregiving, however, is a huge commitment in time and financial resources for the caregiver, who often has to take time off from work, and give up his or her own retirement savings to provide care for others. Although Susan's mom receives Railroad Retirement benefits and has a small savings to reimburse Susan for expenses, Andrew, who is too disabled to ever have ever worked, is dependent on Medicaid and receives only a modest monthly Social Security disability benefit of just Susan and her husband cover all the rest of Andrew's expenses - housing, food, uncovered medical expenses, transportation, clothing, and anything else.."'Health-care preparedness today is much better than it was in February and March,'" Badley said in an interview. "'We have better and more rapid access to diagnosis. We have more knowledge about what drugs to use and what drugs not to use. We have more experimental treatments available. All of those contribute to possible improvements in the mortality rate.'"."Medicare Beneficiary Savings and the Affordable Care Act," Department of Health and Human Services, February 201"Reliance on Capital Gains and Dividend Income Tends to Rise with Age," Tax Foundation, December 2005..In addition, new retirees in 2017 or later would no longer have their benefits reduced by the WEP. Instead, all earnings would be considered when determining Social Security benefits. Ways and Means Committee Chairman Kevin Brady the sponsor of H.R. 711 explained on Tuesday, "No more unfair formula … Instead, we use the same benefit formula for everyone, looking at all earnings. And if some of those earnings aren't from Social Security covered employment, we adjust benefits to reflect the proportion that are."

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House Majority Leader Steny Hoyer laid out the priorities for the Democratic majority in the House of Representatives this year. The good news is that more health care legislation is on the list..Check periodic costs: Next check for periodic costs like blood tests, X-rays, CT scans, dental and eye exams. These are the expenses you have once or twice annually, or every few years. When a new test is ordered, ask your doctor whether it's a one-time test, or whether it's likely you will be taking that test again periodically. Ask the recommended frequency for that test. Once you have a list of tests and the frequency and what it cost, you can start to develop a long-term contingency healthcare budget, at least based on your current health status..According to a report released by the Congressional Budget Office on Tuesday, a full repeal of the law without a replacement would result in a loss of insurance coverage for 18 million individuals, and premium increases of around 25 percent for those who purchased coverage through the individual market. In response to the new report, Senate Majority Leader Chuck Schumer said: "The numbers are even worse than experts could have imagined." … Continued

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As an indicator of low inflation, based on consumer price index data through April of this year, Johnson estimates that the COLA for 2019 will be about 1.7%percent. That number could change, since there are still five months of consumer price index data to be collected before the Social Security Administration announces the COLA in October..The Senior Citizens League would like to remind you that both Houses of Congress have adjourned for the August recess. The Senate is expected to be back in session on September 6th, while the House of Representatives will return on September 7th..Most Look Forward to Boost; Low-Income Retirees Worry Benefits Could be Trimmed … Continued

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