If the Social Security Guarantee Act is signed into law, all eligible recipients will receive benefit guarantee certificates from the Secretary of the Treasury that would require the payment of full benefits. Additionally, the bill will adopt a measure of inflation that would make annual COLAs more fair and accurate, allowing older Americans to better keep up with rising costs..Many in Congress talk about the need to "strengthen Social Security," but few offer proposals that would both improve program financing and at the same time improve retirement income. We encourage you to attend town halls this summer and to tell your Members of Congress that Social Security's solvency doesn't require benefit cuts. What Social Security needs is greater tax fairness and requiring all to pay their fair share..Finally, the Medicare Prescription Drug Price Negotiation Act gained one new cosponsor in Representative Jim Langevin, bringing the total up to thirty-two. If signed into law, H.R. 242 would reduce costs for older Americans by requiring the federal government to negotiate lower Part D prescription drug prices on behalf of Medicare beneficiaries..What can you do? Share this story. If you or someone you know was born in 1960, contact your Members of Congress! Let your Representative and Senators know that you are concerned about the permanent 9% cut that would affect the retirement benefits of everyone born in 1960. We can make Social Security more equitable, but it takes working together to make that happen..According to The Social Security Trustees, the Disability Insurance Trust Fund is expected to become fully insolvent by the end of next year. Without Congressional action, Social Security trustees estimate there won't be enough tax revenues to pay full scheduled disability program benefits at the end of 201More than 10 million disabled beneficiaries and their dependents face cuts of about 19% in their monthly payments if nothing is done..Earlier this year Goss confirmed this when he estimated the impact of the president's executive actions on Social Security, saying that the initiative would increase the number of people paying into Social Security and it "will also result in additional individuals gaining insured status for benefits from Social Security." Goss estimated that "the executive actions do not change the year in which the combined trust fund reserves would become depleted, but the projected depletion would occur later in the year 2033,.".At this point in time, it remains to be seen whether or not lawmakers will successfully avert the October 1st shutdown. Leaders in the House have already cancelled the week-long recess that was scheduled to begin on September 23rd, and according to Congressional Quarterly, a Senate vote on the measure could come as late as September 29th just one day before funding for federal agencies expires..Obama Signs Extensions into Law.Currently, the two vaccines available are produced by Moderna and Pfizer. However, a vaccine from Johnson and Johnson could become available within the next few days. And there could be one or two more available in a few more weeks.

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The people who are not covered by hold harmless include higher income beneficiaries, beneficiaries who have not started Social Security yet and who pay for Medicare by check, and about 19% of beneficiaries whose incomes are so low that their state Medicaid program pays their Medicare Part B premiums on their behalf..Your benefits would drop further as rising Medicare costs take a bigger portion of Social Security payments. This is already occurring even under current law, but the problem would be accelerated if Social Security benefits grow more slowly, and if Medicare cuts make seniors pay more for their healthcare..According to economist John Haldi, Ph.D., who performed a comprehensive analysis of the Notch in 2003, "The result of their formula should have been re-examined years ago to see if it achieved a basic level of fairness, but all prior reviews seem to have been designed to minimize and dismiss the problem, rather than recognize and remedy it. The factors that led to the Notch need to be reviewed again." … Continued

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Medicare and other health insurance premiums, including Medigap supplements, Part D or Medicare Advantage plans, and long term care insurance, as long as an employer did not pay the premiums..At 2.8%, the annual cost-of-living adjustment that Social Security beneficiaries received in 2019 was the highest in seven years. The average monthly retiree benefit of ,425 increased by almost , but since October of last year, consumer price index data indicate that growth in inflation has stalled. In fact, if the current trend continues, it suggests the COLA payable in 2020 could be zero, according to projections by Advisor editor, and COLA researcher, Mary Johnson..Members of Congress and candidates frequently schedule town halls. Voters get an opportunity to ask questions and to learn the candidates' positions on key issues. Be prepared by having questions in hand when you attend. Here are some ideas: … Continued

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