Trustees Release Annual Reports.The hold harmless provision affects Medicare beneficiaries who have their Part B premiums automatically deducted from their Social Security payments. The law protects the Social Security benefits of those people, about 70% of all Medicare beneficiaries, when an increase in the amount of the Part B premium is greater than the amount of increase that individuals would receive in their COLA. The law prohibits a reduction to an individual's monthly Social Security benefit due to rising Medicare premiums from one year to the next..Their platform's Social Security plan closes by saying, "Our plan contrasts starkly with Donald Trump. He has referred to Social Security as a 'Ponzi scheme' and has called for privatizing it as well as increasing the retirement age.".The problem of how our government calculates price inflation affects more than just Social Security benefits. The consumer price index is also used to adjust many federal programs and other aspects of our laws such as the federal poverty limits and the federal tax code. By growing more slowly, fewer people qualify for safety net programs, or the federal tax code exemptions become less generous over time, and taxpayers pay more in taxes..At this point in time, it remains to be seen whether or not lawmakers will successfully avert the October 1st shutdown. Leaders in the House have already cancelled the week-long recess that was scheduled to begin on September 23rd, and according to Congressional Quarterly, a Senate vote on the measure could come as late as September 29th just one day before funding for federal agencies expires..Let's be clear about this. No one is saying that the effort to cut Medicare and/or Social Security will come this year or next.."The measure would generally limit surprise billing in the following circumstances:.Raising the Retirement Age: People are living longer now, and gradually raising the retirement age would bring Social Security benefits in line with this new reality. This would close between 15 and 21 percent of the program's long-term shortfall. We would not support any proposal that would cut the benefits of today's beneficiaries..Your marriage lasted for 10 years or more, and your ex-spouse is entitled to Social Security benefits;

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A question to ask yourself is how long you plan to stay in the home, and how many years remain on your current mortgage. If your current mortgage only has 10 or 15 years left to go, refinancing is likely to result in higher lifetime interest costs. When you get a new loan, most of the charges in the early years go towards interest costs. But if you only have a few years left on your current loan, you have moved past that stage and are making progress toward paying off your loan balance. If you refinance now, you start over from scratch..Congress Adjourns for Spring Break.Obama Signs Extensions into Law … Continued

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My wife and I run a small business and I'm turning 65 this year. May I postpone enrolling in Medicare Part B? My income is more than 0,000 and I'm concerned I will have to pay more because my income is over the limit..This year, for the first time since the early 80's, the Social Security Trust Fund that pays retirement and survivors benefits fell into deficit and is paying out more than it receives in payroll taxes and taxes on Social Security benefits. In years in which there was an excess of Social Security taxes, the federal government used the surplus revenues for other purposes and then credited the Trust Fund with special non-marketable government bonds representing IOUs. But with the recession and prolonged economic recovery, the taxes that fund Social Security plunged. At the same time, enrollment is soaring as seniors who have lost their jobs turn to Social Security early. When the Trust Funds don't receive enough tax revenues, then the government must find the cash to redeem the IOUs to pay benefits. The only options Congress has is unsustainable levels of borrowing, tax increases, or cutting benefits..COLA cuts: The White House proposes switching to the more slowly - growing measure of inflation, the chained consumer price index, to calculate annual COLAs. The proposal has bipartisan support in Congress. According to the Congressional Budget Office, it would cut spending on Social Security about 7 billion over the next ten years and bring in roughly 4 billion in higher taxes. To learn how the proposal would impact your benefits, try TSCL's Chained COLA calculator. … Continued

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