Regardless of when you decide to start benefits, you should enroll in Medicare when you turn age 6Failure to enroll by your Medicare deadline may result in permanent enrollment penalties that you would add to the cost of your Medicare Part B premiums for the rest of the time you have Medicare..The Congressional Budget Office recently released its fall economic and budget update which estimates that due to the COVID-19 pandemic, Medicare outlays will grow 12% over 2020, double the rate what was forecast in April. If that estimate proves to be the case, that suggests the Part B premium increase could be twice as high as the earlier forecast - about .40 per month..The Democrats on the committee include: Sens. Max Baucus, Ben Cardin, Bob Casey Jr., and Jack Reed ; and Reps. Xavier Becerra, Sander Levin, Allyson Schwartz, Chris Van Hollen and Henry Waxman..Social Security benefits have lost 33 percent of buying power since 2000, according to the latest Social Security Loss of Buying Power Study released today by The Senior Citizens League. "One would think that a higher cost-of-living adjustment in 2019, combined with relatively low inflation, would lead to an improvement of buying power in Social Security benefits," says study author Mary Johnson, a Social Security policy analyst for the League. "But any improvement was offset by spiking costs of essentials, including out-of-pocket spending on prescription drugs," Johnson says..There is real concern that many people who are treated for the coronavirus could end up with surprise medical bills. Because of that Democrats want to make health-care services free to people who contract the new coronavirus. If treatment were free, those with the virus wouldn't have to fear surprise medical bills. That would, of course, still leave unsolved the issue of surprise billing for other types of treatments..About 70 percent of people over the age of 65 will develop a.According to Bloomberg News, "The preoccupation with addressing the crisis could well crowd out other legislation that Senate Majority Leader Mitch McConnell has planned to give his members a boost in the election year..For more progress updates or for more information about these issues, and other bills that would strengthen the Social Security program and make improvements to Medicare, visit the Bill Tracking section of our website or follow TSCL on Twitter..Options for Reducing the Deficit: 2019 to 2028, Congressional Budget Office, December 2018.

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Senate Returns to Washington.In response to Trump's orders, four Senators requested an estimate from the Social Security Administration about what the long-term effect on the viability of Social Security if the tax deferral is made permanent. Last week, the report was released..My Ex-Spouse Died. Would I Qualify For Widow's Benefits Even Though I'm Re-married? … Continued

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My brother, age 65, is cognitively impaired. He can't read or understand finances, but he's married, able to work and earns a modest living. He owns a small home that was purchased for him through a family trust. Recently he signed a loan for a 2013 Nissan with almost 60,000 miles - that cost ,000 including financing. He signed the contract even though he can't read or understand the amount he owes or how long it would take to repay..Minor or disabled child's benefit based on a living or a deceased parent's account..The new payment system applies to traditional fee-for-service Medicare and not to Medicare Advantage plans which have their own system. If you are told that Medicare's home health benefits have changed, don't believe it. Coverage requirements haven't changed, and Medicare beneficiaries are still entitled to the same type of home health services. … Continued

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