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..Screen your calls: Even if you have caller ID, experts suggest screening calls any way. More robo-callers are making their calls appear to be local by using phone numbers from your own local calling area. Unless you know the number of the caller is legit, don't pick up. Legitimate callers, such as your doctor's office calling to remind of an appointment, will leave a message. Tell your family and friends to leave a message and to keep talking at least long enough for you to get to the phone if your phone's speaker allows you to hear the caller's message.._.While TSCL strongly agrees that the time has come for Congress to take action on Social Security and Medicare, we question whether rescue committees would work as desired. Over the past 25 years there have been numerous committees and commissions that developed contentious plans to change Social Security and Medicare. None have been successful in getting their plans adopted as major legislation..Can the legislation be fixed in order to prevent this from happening? TSCL strongly believes that the cost of providing relief for the taxation of Social Security benefits can be worked out, if there's a will in Congress to make it happen. Provisions can be tweaked and phased in to make the budget math work. Your input at this point is critical. We urge you to write or call your Representative and ask him or her to help move this legislation that would boost your Social Security benefits, provide a slightly higher COLA, and provide a modest tax cut for millions of retirees with modest benefits..The report continues, "Two House panels last week approved legislation adding vision, hearing and dental coverage to Medicare. Dental is by far the most expensive and complicated of the three to roll out: the nonpartisan Congressional Budget Office previously estimated that such coverage would cost 8 billion over 10 years, compared with billion for vision and billion for hearing coverage..The debate over cutting entitlement spending, however, isn't new. For years, proposals to cut Social Security and Medicare benefits have been put forth from both sides of the aisle. Consider:.The answer depends upon whether you start your benefits before or after your full retirement age - which in 2017 is 6When you start Social Security benefits before your full retirement age, you will be subject to the Social Security earnings test. The earnings test can cause Social Security to withhold your benefits if you earn more than the annual exempted amount. In addition, your initial retirement benefit will be permanently reduced, because you started Social Security prior to your full retirement age. It pays to wait until 6Here's why:.Practice using the tool: Have your Medicare number, information about your current coverage, and a complete list of prescription drugs, including dosages and the number you need per month at hand. The Plan Finder will ask you to provide information including your zip code, current Medicare coverage, the drugs you take, the pharmacies you plan to use, and whether you want to see just Part D stand alone plans or Medicare Advantage plans or both. For meaningful results accurately enter all your prescriptions. When complete get your Drug List ID number, print it out and save it. You don't want to enter it again every time you revisit the Plan Finder and invariably you will.

Disparities Policy Fact Sheet Health Coverage In An Economic Downturn Impact

Since the start of the first CPI in 1940, the BLS has made changes to how it calculates price inflation - most recently announcing changes to how they collect price data. A new paper reports that the BLS has undertaken several pilot projects in an attempt to supplement and/or replace its traditional field collection of price data with "alternative sources." If that sounds suspicious, you have good reason to ask questions. The BLS Handbook of Methods lists more than 21 changes that economists have made to how they calculate the CPI since 198In most cases the so-called "improvements" tend to slow the measured rate of inflation. That means the growth in COLAs is cut and Social Security benefits grow more slowly over time. In short, this boils down to an erosion in the buying power of your Social Security benefits when, in reality, prices are actually going up..In addition, The Senior Citizens League believes that an extension of the tax holiday could make a permanent cut more likely, further jeopardizing the program's ability to fully pay Social Security benefits in the future..In the coming days and weeks, TSCL will monitor the AHCA's movement very closely, and we will continue to advocate against provisions of the bill that would jeopardize the health of older Americans. For progress updates, follow TSCL on Twitter or Facebook. … Continued

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People frequently overestimate the amount of money they will receive from Social Security benefits. Lifespans are growing longer, and ideally you will want your savings to last over the length of your retirement that could be as much as 25 to 30 years long. At the same time life expectancy is rising, so are healthcare costs. If you talk to folks who have already retired, you will learn that almost 6-in-10 retirees will report that healthcare costs take one-fourth to one-third of their Social Security benefits..According to Senator Thune, there is likely to be another major bill providing more money for businesses and others to keep the economy afloat. However, that may not happen until later in June or sometime in July. Obviously, that will use up time that would otherwise have been spent dealing with the other important issues Congress must address..TSCL believes that Congress should strengthen Social Security's protections by enacting legislation to prohibit the use of unauthorized earnings from being counted toward eligibility for Social Security benefits. … Continued

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