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This week, lawmakers in the House passed legislation to repeal the controversial Independent Payment Advisory Board, and The Senior Citizens League announced its support for one new piece of legislation..This bill would enable retired school teachers, university employees and thousands of civil servants to receive all of the Social Security pensions for which they are entitled. A Government Pension Offset and Windfall Elimination Provision have long limited the full aid that these beneficiaries merit..Before 2020 came to an end, a new forecast from the Congressional Budget Office confirmed that Medicare's Part A Hospital Insurance trust fund is running out of money two years earlier than previously expected. The CBO's forecast indicates that there will be insufficient funds to cover all Part A benefits beginning in 2024 - less than 3 years from now..After a rare bipartisan agreement, President Obama signed a bill into law that will extend the payroll tax break and unemployment benefits, and prevent a 27% pay cut to Medicare physicians. The President signed the measure into law in private on Wednesday, after celebrating the passage of the bill at an event on Tuesday..the New Deal in 1935, it was never designed to be anyone's sole means of support.a more generous cost-of-living adjustment by calculating the annual boost using the Consumer Price Index for the Elderly,.My Ex-Spouse Died. Would I Qualify For Widow's Benefits Even Though I'm Re-married?.The 2013 COLA will be announced October 16, 201Based on CPI-W data through June 2012, TSCL's Advisor editor Mary Johnson forecasts that the COLA payable next year will be about 1.4% - 1.5%. That would make it one of the lowest COLAs paid in the 38 years since the COLA became automatic..The Centers for Medicare and Medicaid Services recently announced that the standard Medicare Part B premium will be 8.50 in 2021, an increase of .90 per month from 4.60 in 2020. That increase, which I earlier feared would be considerably more, was restricted by legislation enacted last fall. But even with legislation.TSCL Plays Role in Preventing Part B Premium Spike in 2021 The annual Social Security cost of living adjustment is just 1.3% this year, making it one of the lowest ever paid. But the standard monthly Medicare Part B premium increased by a modest .90, from 4.60 to 8.50, much less than TSCL initially feared it would be. TSCL's efforts to inform Congress and the.New Legislation Limits Stiff Increase Expected for 2021 Medicare Part B Premium With Medicare outlays spiraling due to outlays for COVID-19, Congress recently passed legislation to head off an expected Part B premium spike, by restricting the increase for 202TSCL has been warning about the potential of a low cost of living adjustment and spiking Medicare premiums since July of this year.

Health Reform Issue Brief How Are Hospitals Faring Under The Affordable Care Act Early Experiences From Ascension Health
TSCL recently delivered letters to every Member of Congress calling on them to support legislation that would provide a more fair and adequate COLA. "Congress created the automatic COLA in 1972 to help benefits keep up with inflation. But according to our research, COLAs are failing to keep up with the rising costs seniors are facing. Since 2000 Social Security benefits have lost 30 percent of their buying power, and in the last year alone they have lost 7 percent."."This is an important perspective to have in our current legislative environment," says Johnson. Some Members of Congress are discussing indexing the COLA to the more slowly growing "chained" consumer price index. "The current index used to calculate the COLA already understates inflation experienced by retired beneficiaries, because it doesn't adequately represent the spending of older consumers," Johnson explains. "A more slowly growing index would only exacerbate the problem of maintaining the buying power of Social Security benefits over time," she says..Here are three good books to help you get up to speed: … Continued

2020 Census Whats At Stake For States Oas Episode 60
This week, TSCL endorsed the Social Security Fairness Act, which was recently introduced in the House of Representatives by Congressman Rodney Davis with the bipartisan support of seventy-seven original cosponsors..Wrong answer, Mr. Mulvaney..Month after month, year after year, unbeknownst to most of the public, thousands of people with no Social Security number are receiving Social Security benefits. The beneficiaries don't qualify for benefits based on their own work record. Eighty-three percent of them don't even reside in this country. A few of those receiving benefits are even dead. … Continued

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