The proposal to cut the growth of COLAs formed a major Social Security reform provision of President Obama's 2010 Fiscal Commission. It would reduce the growth rate in COLAs by switching to the more slowly-growing "chained" CPI. "The switch is insidious because it's enormously complicated to figure out, and it looks so small on paper - just 0.03 tenths of a percentage point," Hyland observes. "But the loss compounds over time. Within a decade it would have a significant financial punch that just keeps getting bigger," Hyland explains. The following chart provided by TSCL illustrates the impact of a chained CPI on a married couple's Social Security benefits, which start at a total of ,500 per month today, and how their benefits change over the first ten years. After ten years the chained CPI would reduce benefits by per month, and would cut benefits by ,488 over the ten-year period..According to one non-profit government watch-dog analysis, ". legislation enacted since 2015 could be responsible for more than half of the deficit in 2020 and 202In other words, recent policymakers are responsible for doubling near-term budget deficits."."… Recently, our offices have received a significant increase in complaints from constituents who have gone weeks without receiving mail, similar to the surge of complaints we received last summer in the wake of USPS cuts and policy changes. These delays have had significant harmful impacts on the lives of our constituents. Because of these delays, our constituents have received bills after the dates on which payments were due or their payments were never received, and they have been forced to pay late fees..Your decision on when to enroll in Medicare depends on two factors: 1.) your age or disability and, 2.) the size of your husband's employer. You are first eligible to enroll at 65, but if your husband's employer has over 20 full time employees then you would be able to delay enrollment in Medicare while your husband is still working and he continues to have health coverage through his employer. Once the employment or coverage ends you have 8 months to sign up for Part B without penalty during a Special Enrollment Period..How Would Importing Prescription Drugs From Other Countries Help People in Part D Plans?.Social Security provides an essential foundation to American's retirement plans, but it simply was never designed to be the sole source of retirement income. Social Security replaces about 40% percent of earnings of the typical retiree. TSCL believes that today's retirement crisis calls for more adequate, not reduced, benefits.."Given that conditions like Alzheimer's disease are defined mainly by memory problems, our results may lead to further insight into what causes symptoms and the development of new interventions for prevention. Since silent strokes and the volume of the hippocampus appeared to be associated with memory loss separately in our study, our results also support stroke prevention as a means for staving off memory problems," said Brickman..CDI investigates disability claims that State disability examiners believe are suspicious. The program's primary mission is to obtain evidence that can resolve questions of fraud before benefits are ever paid. These investigative units also provide reports to examiners during continuing disability reviews that can be used to end benefits of people who are ineligible for benefits and gaming the system. Let's tell Congress to say NO to Social Security disability insurance cuts - and ask lawmakers to strengthen our successful anti-fraud prevention programs..While about 70% of Medicare beneficiaries will see no Medicare Part B increase in premiums this year, the legislation reduced monthly Part B premiums for the 30% of beneficiaries who faced the jump of 52%. That group, who are not protected by the Social Security "hold harmless" provision, will pay a base premium of 1.80 per month instead of an estimated 9 this year. Higher income beneficiaries who are not protected by hold harmless pay an additional surcharge on the base premium amount. The legislation also reduced an increase in the Part B deductible from a projected 3 to 6.

Health Reform Poll Finding 6 Charts About Public Opinion On The Affordable Care Act

Even the Committee For a Responsible Federal Budget, which proposes the change, suggests that lower-income people could be especially vulnerable under the proposal. The organization is recommending that Congress dedicate about billion in savings from lower spending on COLAs to "enhance various benefits for low-income individuals" saying "while chained CPI is the most accurate measure of inflation, it could result in some undesirable distributional consequences.".The current Social Security system is like "longevity" insurance. Workers pay into the system through payroll tax withholdings up to the taxable limit on earnings. In return, retirees, and dependents on their account, receive monthly income when they claim benefits. According to projections by Johnson, an age - 66 retiree, who claims benefits in 2017 with an average benefit of ,300 a month, can expect to receive roughly 0,000 over the course of a 25- year retirement, assuming a 2.2 percent annual cost-of-living adjustment.."New Generic Drugs Can Save You Money," Consumer Reports magazine, May 2012. … Continued

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While economists are still sorting out the reason for the fall in inflation, I recently asked what you have observed in the way of prices. Are the goods and services on which you typically spend most of your budget really falling - or are those prices actually going up?.The Senior Citizens League was pleased to see support continue to grow for several of its key bills this week, and we thank the new cosponsors for their support. In the months ahead, we will continue to advocate for the passage of the Social Security Fairness Act, the Social Security 2100 Act, the Fair COLA for Seniors Act, and get adoption of legislation that would lower the cost of prescription drugs..TSCL believes this offensive policy is long overdue for a change. Social Security provides monthly income to retirees and we believe retirees are entitled to every last dime, including benefits for the month in which they die. Payment for the final month is especially important as you point out because medical and funeral expenses can be significant. … Continued

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