Upon introducing the bill, Rep. Grayson said, "Our seniors built this nation. Our veterans sacrificed to defend it. We owe them so much. This modest raise is one way to repay them.".insurers have hiked premiums so high that policyholders have been forced to drop.According to Johnson's calculations, the Social Security beneficiaries who are most likely will not to see an increase in their net monthly check are those with benefits below ,264 per month. These individuals will once again be subject to hold harmless in 201Their COLA will be completely offset by the Part B premiums, but their Social Security benefits will not be reduced. "The net result will be no growth in the benefit for the third year in a row," Johnson says. "And that leaves nothing to meet other rising costs, such as Medigap premiums, Part D premiums, out-of-pocket costs, or anything else," Johnson notes..The blueprint also lays out some modifications to the Social Security program. It would close the Disability Insurance trust fund's shortfall by transferring funds from the Old Age and Survivor's Insurance trust fund over a period of five years. TSCL's members and supporters overwhelmingly oppose the transfer of funds from one trust fund to another since it would put the OASI trust fund on worse financial footing. However, we were pleased to see that President Obama did not include the adoption of the "chained" CPI in his budget blueprint as he did two years ago..Rep. Bill Huizinga pledged his support for Rep. Dana Rohrabacher's No Social Security for Illegal Immigrants Act last week. If passed, the bill would prevent illegal immigrants from receiving earned credit toward Social Security benefits. With the new co-sponsor, the total is now 69..Comparison shop &nash; You can often save by getting prescription medicines, flea and tick products, and heartworm preventatives through pet catalogs and internet discounters..Americans everywhere agree: Social Security is not an entitlement; it is a benefit that seniors earn through decades of work. According to the Social Security Administration, approximately 65 million Americans received Social Security benefits in 2020 and of those 65 million, 72 percent were retired workers and dependents..High-income beneficiaries who pay an income-related surcharge in addition to the basic premium..Medicare has begun a major program change that affects diabetics who get supplies home delivered and other seniors who rent medical equipment like home oxygen gear and wheel chairs. The program is intended to help seniors save money when they buy supplies and rent equipment, but TSCL believes it is more likely to first cause confusion and surprise unanticipated costs until patients figure out the new system.

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Once lawmakers return from next week's holiday break, they will have just a few days to pass a continuing resolution to keep most of the federal government operating past December 7th. Should they fail to reach an agreement before then, part of the federal government will shut down like it did earlier this year. The Senior Citizens League is hopeful that lawmakers will act responsibly to keep the federal government fully funded so that essential programs like Social Security and Medicare can operate as smoothly as possible..In addition, one new cosponsor Senator Kamala Harris signed on to the Social Security Expansion Act from Senator Bernie Sanders. The cosponsor total is now at three in the Senate. If adopted, the bill would strengthen and expand the Social Security program by basing COLAs on the CPI-E, increasing monthly checks by per month, and improving the Special Minimum Benefit. It would cover the cost of these changes and strengthen the solvency of the trust fund by applying the payroll tax to income over 0,000 and applying a 6.2 percent tax on investment income for wealthy individuals..What do you think about ways to strengthen the COLA? Take our 2019 Social Security survey at. … Continued

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The amount of money that the federal government owes to its creditors - including the Social Security and Medicare Trust Funds - is now estimated to be as big as the entire U.S. economy. Economists warn that the situation can't continue without causing more economic crisis..In addition, one new cosponsor Reps. Zoe Lofgren signed on to the Improving Access to Medicare Coverage Act. The cosponsor total is now up to one hundred and forty-eight. If signed into law, H.R. 1179 would amend current Medicare policy to count hospital stays under "observation status" towards the three-day requirement for skilled nursing care. Currently, those under "observation status" don't qualify for coverage of the benefit, and they are often hit with large, unexpected bills after receiving necessary medical care..Your Part D drug plan would never tell you this, but the alarming fact is that there is no limit to what you might spend out-of-pocket for your prescriptions drugs in any given year. While this may not seem like much of a worry if you just take a few common generics, it becomes a far greater concern should you ever need high priced drugs - or have a medication bill of more than 0 per month. That could happen to any of us at any time. … Continued

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