Suppose, for example, that an illegal immigrant works for 13 years under an invalid Social Security number, but then gains legal status and works another 22 years under a valid Social Security number. The earnings under the invalid SSN are reinstated under the new work-authorized Social Security number because the individual kept W2s. Thirteen years of earnings would be more than enough to become qualified for Social Security. In this case, 13 years of illegal work would form one-third of the earnings that are used to determine the individual's basic Social Security benefit. This scenario isn't as unlikely as you might think. A major national pro-immigration reform advocacy organization counsels "undocumented" workers to save their pay stubs and W2s "in case their legal status changes.".Washington, DC) An eye - popping new list compiled by The Senior Citizens League indicates that, by late 2020, price increases for many of the expenditures of older Americans far outstripped the modest 1.3 percent cost of living adjustment boost that Social Security recipients start receiving this month. "This list is a snapshot of how COVID-19 affected prices of certain items through the end of November 2020," says Mary Johnson, a Social Security policy analyst for The Senior Citizens League. "There are surprising price aberrations that we haven't seen before," Johnson says. "Never in my wildest dreams would I have thought that toilet paper and disinfecting wipes could wind up on our annual list of fastest growing retiree costs," Johnson says..Are benefit cuts inevitable when Social Security's financing runs low in a few years? Your participation in this November's presidential election will play a critical role in how this question will be answered..How the Categories Compare Between the CPI-W and the CPI-E.The Senior Citizens League supports legislation that would provide a more fair and adequate COLA so that seniors living on fixed incomes can better afford rising costs like home heating oil. To learn more, visit..That said, logic says we may be in for some pretty big swings in the prices of certain items - such as gasoline. Especially troubling for everyone are steep increases in the cost of meats, poultry, processed fish and seafood, milk, fruits and vegetables. We are spending a lot more than usual trying to maintain a nutritious diet, and this has been going on for months..That may be okay for some, but I have had such great success. Why change to something else and put myself through all those fears again? My solution right now is to change where I purchase the medication. Canada, here I come and the devil with Medicare..An excessively low COLA triggers an important provision of law that ensures an individual's net Social Security benefit will not decrease from one year to the next because of an increase in the Part B premium. That's valuable protection. But when the provision is triggered there's no law which specifies how the unpaid portion of Medicare Part B premium increases will be financed..During recent healthcare reform hearings, TSCL submitted a statement to the Senate HELP Committee expressing support for an emergency COLA in 20The COLA could be set high enough to cover the rise in Medicare Part B and the average rise in Part D premiums. Doing so would help prevent reductions in seniors' benefits, and a Medicare notch in premiums, and provide protection from benefits taking a big hit in buying power. TSCL believes that H.R. 3557 as introduced by Representative Walter Jones would do just that.

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In years when there has been no, or almost no cost-of-living adjustment, Medicare Part B premiums have spiked significantly. TSCL is highly concerned that another Medicare Part B premium spike could occur again in 202Medicare beneficiaries who are not protected by the special provision of law known as the Social Security "hold harmless" provision could get hit with significantly steeper premium costs in 2021, and it may take several years before the majority of beneficiaries see their net Social Security benefit grow again..The car isn't washed..Even if you aren't ready to sell your home, but just doing some planning for the future, homes maintain their highest value with careful regular maintenance and de-cluttering. It's not too early to start thinking ahead. To learn more, see: Selling Your House, Nolo's Essential Guide, by Iiona Bray, J.D. … Continued

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Now let's say her husband, a construction worker, makes about ,000 a year. He purchased fake papers on the black market and gave his employers what looked like a Social Security number. Under current law employers are not required to verify the Social Security numbers of employees. Employers are, however, required to withhold taxes and report wages to the Social Security Administration, which they do..The 5 or so million Americans aged 50 to 64 who currently buy insurance on the individual and small business exchanges could compare a Medicare-X plan to those offered by private insurance plansm and choose which works best for them. Guaranteeing Medicare-X in every ZIP code would ensure there's always an option for Americans not yet on Medicare. And, because participants' premiums would cover the full cost of the plan, it wouldn't raise taxes, add to the deficit, or take resources from the Medicare trust fund. Medicare-X would allow price negotiation under Part D, but would not touch the benefits offered through traditional Medicare or Medicare Advantage..Rest assured the Consumer Price Index does include food and fuel. Without those two items, the CPI would grow much more slowly than it already does and so would your annual-cost-of-living adjustment. … Continued

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