Rep. Charles Gonzalez introduced this bill on January 26, 201It has since been referred to the Ways and Means Subcommittee on Social Security and to the Committee on Education and the Workforce..There are other reasons why your dad might have received that bill. While Medicare Advantage enrollees would not have to pay cost sharing due to COVID-19, they might if hospitalized due to other reasons, such as heart attack or kidney failure. You may need to call your dad's health plan and find out how the reason for hospitalization is described on the bill..Many lawmakers feel that major Medicare reform is necessary, even though Congress has already made significant changes to the program this year. Do you agree, and if so, what changes do you think must be made?.Given the importance, changes to Social Security should ideally be made only after a full and open debate, separate from the debt limit negotiations. Any changes should be kept as small as possible and phased in over the longest possible period, and they should not affect people who are currently over 50 years of age..In the report released on Wednesday, the trustees estimated that Medicare beneficiaries will see a Part B premium increase of nearly per month next year, from 1.80 to However, due to the hold harmless provision, most beneficiaries will continue paying a monthly premium of 4.90. That's because experts are projecting another record-low Social Security cost-of-living adjustment for 201The trustees estimated that a 0.2 percent COLA will be paid next year, which would amount to a mere per month benefit increase for someone receiving a ,000 monthly check..From January through March, TSCL surveyed seniors and disabled Medicare beneficiaries to learn how our readers feel about many of the proposals under debate. Almost 5,000 of you weighed in. The answers are important as members of Congress consider major changes to Medicare, most of which would make people pay more for their benefits..Consequently, surprise billing is universally loathed. More than eighty percent of participants in TSCL's 2020 Senior Survey wanted Congress to prohibit surprise medical bills, and the legislation that was signed into law in December prohibits this practice..and if your drug plan doesn't cover it, or drops coverage, you may want to go.Government economists not only changed the math, they changed the underlying concept of the consumer price index itself. While the CPI formerly measured price changes of a fixed market basket of items from one period to the next, today the Bureau of Labor Statistics uses formulas more consistent with a theoretical cost-of-living concept. And because it is theoretical, it uses estimates and produces data that is subject to two revisions.

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House Republicans surprised the nation earlier this year by approving an increase to the federal budget debt limit in exchange for passing the "No Budget, No Pay Act." The legislation required Members of Congress in both chambers to pass a budget resolution by April 15, 2013, or their pay would be withheld until they do. According to a TSCL poll, 62 percent of seniors thought the "No Budget, No Pay Act" was a smart move that would get the legislative process back on track..SSA Announces Record-Low Social Security Increase.Your own retirement benefit would be low if you were to take it at age 64 - prior to reaching your full retirement age. Full retirement age at which you start receiving full, unreduced benefits, is rising. For people born in 1956 your full retirement age is 66 and 4 months. … Continued

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The amount of money that the federal government owes to its creditors - including the Social Security and Medicare Trust Funds - is now estimated to be as big as the entire U.S. economy. Economists warn that the situation can't continue without causing more economic crisis..In general, distributions from a traditional IRA are taxable in the year you receive them, although there are some exceptions. Thus you would need to figure the full amount of your distribution in figuring your provisional income..According to a new survey by The Senior Citizens League, premiums for Medicare supplemental insurance, known as Medigap, grew more than twice as fast as Social Security cost of living -adjustments in the past year. About 41 percent of survey participants who are covered by a Medigap policy report robust premium increases in the past 12 months of at least 6 percent or more, particularly for individuals who were covered by a policy for more than two years. "The Social Security COLA for 2019 is 2.8 percent, far lower than the rate that Medigap policies appear to be growing," says Mary Johnson, a Social Security and Medicare policy analyst for The Senior Citizens League. … Continued

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