If signed into law, S. 1904 would strengthen Social Security benefits by enacting an across-the-board benefit increase, adopting the Consumer Price Index for Elderly Consumers, increasing the minimum Social Security benefit to 125 percent of the poverty line, and increasing the threshold on the taxation of Social Security benefits. It would also strengthen the solvency of the trust funds by applying the payroll tax to income over 0,000, increasing the payroll tax rate by 0.05 percent annually until it reaches 7.65 percent, and reallocating funds to the Disability Insurance trust fund..I decide I better put them back on my computer desk, but first I'm going to water the flowers..Washington, DC) An eye - popping new list compiled by The Senior Citizens League indicates that, by late 2020, price increases for many of the expenditures of older Americans far outstripped the modest 1.3 percent cost of living adjustment boost that Social Security recipients start receiving this month. "This list is a snapshot of how COVID-19 affected prices of certain items through the end of November 2020," says Mary Johnson, a Social Security policy analyst for The Senior Citizens League. "There are surprising price aberrations that we haven't seen before," Johnson says. "Never in my wildest dreams would I have thought that toilet paper and disinfecting wipes could wind up on our annual list of fastest growing retiree costs," Johnson says..and puts the coverage of low-income older adults who receive Medicaid in jeopardy, including the majority of the nation's nursing home patients.".Reps. Steven Rothman and Michael Michaud signed on to Rep. Charlie Gonzalez's CPI-E Act. The co-sponsor total is now at 33..What do you think of the Obama Administration's Immigration Amnesty actions by Executive Order?.Help! My Mentally Disabled Brother Was Target Of A Predatory Auto Loan!.What Happens If The Supreme Court Rules Against Obamacare?.Look into mail-order pharmacies. When ordering by mail you can often save money because you order in quantity - a 90-day versus a 30-day supply. Many mail order pharmacies charge lower co-pays for a 90-day supply than what you pay for a 60-day. Check with your drug plan to find out if mail order is available.

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Do I Have To Give Up My Current Healthcare Coverage To Go On Medicare?.Not only has our government changed the way inflation is measured, and thus reduced Social Security benefits, they accomplished this without a single vote by our elected lawmakers. Congress has ducked their responsibility by leaving the job of tinkering with the math to unelected economists, leaving voters with no opportunity to hold anyone accountable..TSCL Endorses New House Bill … Continued

Medicare State Indicator Ma Pd Plan Enrollment As A Of Total Medicare Population

Although the annual adjustment is provided to protect the buying power of Social Security payments, beneficiaries report a growing disparity between the amount of benefit boosts they receive and increasing costs. According to a recent national survey by TSCL, the majority of Social Security recipients said that their benefits rose by less than in 2014, yet their monthly expenses rose by more than A 1.7% increase would only boost average Social Security benefits by about in January..EconomicCheckUp® is free and developed by the trusted nonprofit National Council on Aging. The tool asks a series of questions to identify benefits and services that could help you cut expenses and better utilize your existing assets. Give it a test run here: EconomicCheckUp®..If you start Social Security benefits too soon, prior to your full retirement age, your benefits may be withheld by as much as ,373.30 due to the earnings test. That's because no matter when you receive your wages in 2017, Social Security will assume that the full ,000 of your 2017 earnings occurred prior to November. Your earnings in excess of the ,880 would be ,000, less ,880 or ,120. Social Security will withhold in benefits for every in excess earnings. The ,120 is divided by 3 and ,373.30 will be withheld from your benefits starting the beginning of the following year. … Continued

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