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chances are we may have a chronic health condition that requires regular.In short, the Social Security disability trust fund would become insolvent by mid-2021 and the retirement trust fund would become permanently depleted by 2023, just two short years from now..The plan would affect both current and future Medicare beneficiaries by carving Medicare into two systems. People who already receive Medicare would continue under the current system. People who turn 65 by 2021 would receive a voucher to purchase private insurance..You will need to contact Social Security at to request an appointment. Social Security has a local office locator that you can find here. In the meantime learn more about Social Security survivors benefits on the.Members of Congress reached a last-minute deal to avert the Fiscal Cliff on Tuesday, temporarily preventing a combination of tax increases and automatic spending cuts from going into effect. In addition, Thursday, January 3rd marked the first day of the 113th Congress.."Social Security: What Would Happen If The Trust Funds Ran Out?" Christine Scott, Congressional Research Service, August 2, 201Debt Limit Analysis, Bipartisan Policy Center, July 2011..The first change affects those who hit the Medicare Part D donut hole, or the gap in coverage that occurs after a beneficiary's total drug costs reach ,970 and before they total ,750. According to the Department of Health and Human Services, last year 2.8 million seniors who hit the donut hole saved an average of 7 on prescription drugs due to the Affordable Care Act. This year, Medicare will provide an additional subsidy to those who hit the coverage gap, resulting in an additional in savings for the average beneficiary..Survey participants were asked: "Since the start of 2021, which of the following budget categories increased fastest in your household?".–A majority of older voters think Social Security should be strengthened, but are opposed to cutting benefits, says a national survey by The Senior Citizens League. The new national survey found that older voters favor some changes that provide the program with more revenue, and provide retirees with modestly higher benefits in the future. According to TSCL's 2016 Senior Survey, 71 percent of older voters think Social Security should be expanded to provide modestly higher retirement benefits and more fair cost of living adjustments. An analysis for TSCL estimates that if COLAs were indexed using a "senior" consumer price index - the government's Consumer Price Index for the Elderly - Social Security recipients would receive a 1.3 percent increase instead of an estimated 0.2 percent COLA in 2017.

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Take a class: Work out your brain and memory cells in addition to socializing with others by taking classes. Some 119 colleges in every state offer noncredit classes designed for people age 50 and older. Osher Lifelong Learning Institute courses are available at very low cost. In Charlottesville, Virginia, for example, students pay a annual membership, the first course of the fall session is and then each course thereafter is only ..The income thresholds that subject up to 50 percent of Social Security benefits to tax start at provisional incomes of ,000 and ,000. A second tier taxes up to 85% of benefits when individual provisional income exceeds ,000, and joint exceeds ,000. If the thresholds were adjusted to today's dollars the ,000 threshold would be about ,107 and the ,000 would be about ,097 according an analysis for TSCL..President Trump is insisting on another payroll tax cut for any economic stimulus package. But the proposal is unlikely to provide financial help for unemployed workers who need the money, and would worsen existing financing problems for Social Security, Medicare, and program beneficiaries, warns The Senior Citizens League. "Today's retirees - more than 61.2 million people - depend on Social Security and Medicare payroll tax revenues for their Social Security and Medicare benefits," says Mary Johnson, a Social Security and Medicare policy analyst. "Their number one concern is that down the line, benefits will be permanently cut to pay for these 'temporary' tax cuts," she says. … Continued

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Now.Backdoor Medicare Cut Could Raise Your Out-of-Pocket Costs A new Medicare cost-saving rule that was launched late in 2020 will cut payments to hospitals for some surgical procedures and could potentially raise costs for Medicare recipients. According to an article by Susan Jaffe, of Kaiser Health News, the Centers for Medicare and Medicaid Services has for years classified 1,740 surgeries and other.Q June 2021 I'm turning 65 later this year. I currently receive my healthcare insurance through my wife's employer. How does Medicare work with this insurance? May I delay enrolling in Medicare?.Most surviving children would not be eligible for Notch Fairness Act benefits, but the issue should concern every single child of a Notch Baby. Recent Social Security reform proposals to attach a "price index" to the Social Security benefit formula would cut benefits for future retirees in a manner similar to the 1977 changes that led to the Notch. In addition, Congress thus far has taken no constructive non-partisan action to address Social Security's looming shortfall - meaning they may have to make very deep and abrupt cuts when they can no longer stall for time..Here's how it works. Undocumented immigrants use illegally obtained Social Security numbers to get jobs. Employers report earnings to the Social Security Administration as required by law. Those wages are used to calculate benefits when a worker files a claim. But when the Social Security Administration receives a name or SSN on a W-2 that does not match the agency's records, the wage report goes into an earnings suspense file while attempts are made to reconcile the discrepancy. … Continued