Medicare costs take a significant portion of retirees' Social Security benefits. A survey conducted by The Senior Citizens League found that more than 51 percent of survey participants report spending at least 6 per month on total healthcare costs and more than one in- five spend ,000 or more per month..The 3.8% "Medicare" net investment tax has never been received by the Medicare Part A Trust Fund, but has wound up going straight into the U.S. General Fund. That means it could be appropriated for any government spending!.Is it safe to shop for senior housing or to refinance a mortgage for overdue renovations of an older home, or should we focus of paying off the mortgage of an existing home? I'm still working and I'll turn 62 this year..This week, seven new cosponsors signed on to the Social Security 2100 Act, bringing the total up to eighty-four. The new cosponsors are: Reps. Luis Gutierrez, Marc Veasey, Lucille Roybal-Allard, Eddie Bernice Johnson, Chellie Pingree, Joyce Beatty, and Peter DeFazio..This week, TSCL announced its support for the Improving Care for Vulnerable Older Citizens through Workforce Advancement Act, which was introduced by Sen. Bob Casey in the Senate, and by Rep. Matt Cartwright in the House. If signed into law, the bill would create six different demonstration projects that would focus on the coordination of care for elderly patients with multiple chronic illnesses. It would put Direct Care Workers such as nursing assistants, home health aides, or personal care aides in advanced roles, and it would test and evaluate different models of care coordination..If signed into law, the bill would repeal the Windfall Elimination Provision and the Government Pension Offset two provisions of the Social Security Act that cut the earned benefits of millions of teachers, firefighters, police officers, and other public servants each year. Because these individuals receive pensions from their state or local governments, their monthly Social Security checks are arbitrarily reduced, often by one-half or more..The U.S. Bureau of Labor Statistics estimates that older households spend more than 46% of annual household budgets on housing. That includes not only a mortgage, but also real estate taxes, homeowners' insurance, maintenance and repairs, appliances and home furnishings, heating and cooling, electricity, water, and gas. Many older homeowners often pay for landscaping and housekeeping services as well..Now, it has been reported that the top lawyer in the Department of Health and Human Services has warned in an internal memo that the President's plan to give seniors 0 discount cards to buy prescription drugs could violate election law..This week, lawmakers continued working on an omnibus spending bill, and The Senior Citizens League endorsed new legislation that would give Social Security beneficiaries an emergency cost-of-living adjustment next year.

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And it could be worse if inflation is lower and Medicare Part B premiums are higher. Due to a special provision of law known as the Social Security hold harmless provision, when the dollar amount of the Medicare Part B premium increase is greater than the dollar amount of an individual's COLA, the Medicare Part B premium is adjusted to prevent a reduction in Social Security benefits from December of the previous year. Those affected by hold harmless wind up with no growth in their net Social Security benefit after the deduction for Part B premiums. That leaves nothing extra left over to deal with other rising costs such as housing and drug costs..That would have allowed them to preserve what small increases are allowed in fiscal 2021 non-defense spending and spread that money elsewhere, while avoiding cuts to popular programs that would follow if they had to accommodate veterans' health cost increases as non-emergency spending. But House Republicans objected to that arrangement..Earlier this month, House lawmakers voted on a balanced budget amendment to the constitution that would have been disastrous for Social Security and Medicare beneficiaries if adopted. Did you support this drastic measure, and if so, why? … Continued

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Medicare Extra Help helps pay for some, or most, of the out-of-pocket costs for Medicare prescription drug coverage. It is also known as the Part D "Low-Income" subsidy. Extra Help pays for the Part D premium up to a certain amount, lowers the cost of your prescription drugs, gives you special enrollment periods to switch plans, and eliminates the Part D late enrollment penalty if you did not enroll in Part D by your original deadline. If your income is under ,615 or ,175 and you have limited savings and resources, you might be eligible. Apply for Medicare Extra Help on the Social Security website..On Tuesday, with a vote of 244-154, lawmakers in the Housed approved legislation to repeal the Affordable Care Act's controversial Medicare cost-cutting board..Social Security currently determines initial retirement benefits based on all earnings, even when individuals were working without legal authorization under stolen or fake Social Security numbers. … Continued

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