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Our legislative team will keep a close eye on the legislation as it is implemented in the coming months, and we will continue to advocate for policies that would reduce health care costs for Medicare beneficiaries. For updates on our progress, visit the Legislative News section of our website, or follow our new page on Facebook..The largest amounts of money come from corporate and special interest groups who want certain legislation passed or stopped..You may not be able to get your Medigap plan back: Under federal law you are only guaranteed the right to purchase a Medigap plan during your initial enrollment period. If you drop your Medigap plan and later want to get it back you must do so within a year of trying an MA plan. After that, an insurer may deny coverage or impose 6 - month waiting periods for pre-existing conditions..Separately, the House Ways and Means Committee Means Committee approved the largest expansion of Medicare since the addition of drug benefits two decades ago..President thinks about taking money from Social Security to pay for economic stimulus.However, because Democratic control of Congress is so narrow, especially in the Senate but also in the House, the chances of passing anything this year remain uncertain, at best. Democrats are divided in what they want to accomplish so coming up with a majority in the House has been a struggle. Without complete Democratic unity in the Senate nothing can pass there..Social Security beneficiaries have lost nearly one-third of their buying power since 2000, according to the 2017 Social Security Loss of Buying Power Study released by The Senior Citizens League. The findings represent a big 7% loss in buying power just over the past 12 months, from 23% in 2016 to 30% in 201This occurred as inflation has begun to climb, but people receiving Social Security received an annual cost-of-living adjustment of just 0.3% for 201Housing and medical costs - particularly for prescription drug expenses - were among the most rapidly rising spending categories over the past year..Learn more about your best retirement age using Social Security website's benefit planning tools or call the Social Security Administration toll free at. Many areas of the country hold programs and workshops on retirement and benefits. Find out what is planned in your area by contacting your local senior center, library, community colleges and universities..The Biden administration is treating the first weeks of the program as a dry run to test if the federal pharmacy program will work before scaling it up, according to one source familiar with planning discussions.