Can you afford a 24% cut in your Social Security check? Can you afford to pay even more than you do now for your health care after you get a 24% cut in your Social Security?.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..The earliest age at which people can retire is age 6But that's about the worst age to retire. When people retire prior to "full" retirement age, their benefits are reduced, by as much as 30% depending on age. Full retirement age is the age at which retirees qualify for full, un-reduced benefits. That age varies, depending on when you were born, and people need to take action to confirm their full retirement age. Waiting until age 70 allows retirees to maximize their benefit by taking advantage of a delayed retirement credit of 8% per year..Several provisions within the H-CARE act include; increasing payments to Rural Health Clinics, authorizing to million annually for grants to rural providers to help with the cost of implementing health information technology, requiring prompt payment to rural pharmacies by Medicare prescription drug plans and ensuring that rural Americans are appropriately represented on the Medicare Payment Advisory Commission..At this point, the future of the Social Security tax holiday is unclear, though some believe it may resurface later this year as the Joint Select Committee on Deficit Reduction takes up the challenge of reducing the deficit by at least .2 trillion before Thanksgiving..In addition, one new cosponsor Rep. William Lacy Clay signed on to the Social Security Fairness Act this week, bringing the total up to 167..Do I Have To Give Up My Current Healthcare Coverage To Go On Medicare?.There is a warm can of soda sitting on the window ledge..TSCL also supports a second Notch Baby bill that Representative Emerson has introduced in the past - the Notch Baby Health Care Relief Act. That bill would provide a tax credit for the Part B premiums paid by Notch Babies born 1917 through 1926.

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_.Also this week, one new cosponsor Rep. Lou Barletta signed on to Rep. John Duncan's CPI for Seniors Act. The cosponsor total for this bill is now at 11.."Medicare And The Federal Budget, Comparison of Medicare Provisions," Kaiser Family Foundation, March 2013. … Continued

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Social Security Benefits for Noncitizens: Congressional Research Service, July 20, 2006, RL32004..The primary means of financing the benefits of the nation's 61 million Social Security recipients is a 6.2% payroll tax that is paid by employees and matched by employers - a total of 12.4%. Current law, however, imposes a limit on the amount of wages that are taxed for Social Security purposes, which is 7,200 in 201"Because Social Security benefits are based on wages, the Social Security cap on earnings also limits the initial retirement benefit that higher earners receive when they retire," Johnson explains. "In fact, all Social Security recipients are wrestling with growing income inadequacy as benefits replace a shrinking portion of wages, and this is especially true for those who earn more than the taxable maximum," Johnson says..At their convention in July, delegates of the Republican Party approved a platform focused on reducing the national debt. Their document begins by stating: "We reject the old maxim that Social Security is the 'Third Rail' of American politics, deadly for anyone who would change it. The Democratic Party still treats it that way, even though everyone knows that its current course will lead to a financial and social disaster." The focal point of their plan is cutting government waste, encouraging economic growth, and balancing the budget even if that means making significant changes to programs like Social Security. … Continued

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