The Social Security Administration also included a fact sheet that confuses things for any recipient who, like me, is currently age 6It shows an example of how benefits would grow from age 66 and 2 months through age 70. The 66 and 2 months is the full retirement age of people born after 1954..Find out if your drug plan offers mail order: If your drug plan offers mail order you can often significantly cut your costs by using it. Generally, mail order requires a 90- day prescription, but often your cost is the same as what you would pay for a 60-day supply from a retail pharmacy..In counting out-of-pocket spending, Medicare does not include the cost of monthly Part D premiums or the cost of any drugs that aren't listed on your drug plan's formulary. And, even after hitting ,350, out-of-pocket spending would not end there, because Part D has no annual out-of-pocket maximum. The TrOOP cost is the amount you must spend before you qualify for the catastrophic stage of Part D coverage, when Medicare steps in and co-insurance goes down. But you still are required to pay a minimum of .60 for generic drugs or a 5% coinsurance for brand drugs..Although the Social Security trust fund is often reported as being solvent until 2033, there are two separate trust funds, each with separate insolvency dates. The trust fund for the disability insurance program is in the biggest financial trouble and is estimated to become completely exhausted in 2016 or by 2017[1]. "With 2016 being a major presidential election year, either the next Congress will need to enact program changes next year, or risk running out the clock and triggering across the board benefit cuts," Cates points out..For more information on the Social Security Fairness Act, visit the Bill Tracking section of our website. To stay updated on its progress in Congress, follow TSCL on Facebook or Twitter..Social Security Fairness Act Re-Introduced."Are You a Hospital Inpatient or Outpatient?" CMS, December 2009, Product No. 11435..Congress has reallocated payroll taxes at least 9 times in the past to temporarily avert trust fund financing crises, according to the Congressional Research Service. "Doing so now would be much more difficult, because the retirement program is in cash deficit, and the government is borrowing money to cover retirement and survivor benefits," Cates points out. "Reallocation from the retirement trust fund would mean the government would have to borrow more, a recipe for more explosive debt limit show downs in coming months," he says. "The situation could put all Social Security benefits, including retirement and survivors benefits, at risk of cuts in debt limit negotiations," Cates explains..The Senior Citizens League agrees that these faults in the program are unacceptable and unsustainable. With over ten thousand Baby Boomers becoming eligible for Social Security benefits every day, Congress must act to ensure that SSA is fully funded and equipped with the leadership that is needed to serve our older and disabled Americans. As Ranking Member John Larson said at Wednesday's hearing, "What is Social Security if not the full faith and credit of the United States government?"

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At what age do you think most people retire? According to the Social Security Administration, the largest group retires at age 62 with reduced benefits! Only 4% wait to start benefits at 70, the age at which they would get the maximum amount. Could the fact that most people file for Social Security benefits so early be simply because they hear so often that they can do so at 62? Does 62 become a distorting anchor on our thinking?.Tell us what you think! It's time for the TSCL's 2019 Senior Survey. This is your opportunity to let us know what you think about major proposals affecting your benefits. Tell us how rising costs are affecting you. The answers to these questions help us inform journalists, the public, and Members of Congress on how older Americans are faring in retirement today. Your participation is helping to change the national dialogue on the adequacy of Social Security benefits, and throwing a spotlight on the growing problem of the ability of COLAs to maintain the buying power of your benefits.."One of the most difficult tasks facing Congress is overcoming a huge public credibility gap," warns TSCL Chairman Ed Cates. The public overwhelmingly views Social Security as one combined Trust Fund, which provides retirement, survivors and disability benefits. "In reality there are two - one for retirement and survivors benefits and one for disability benefits - and they operate separately," Cates notes. … Continued

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As the demographics of America shift, health care services must evolve to meet new and increasing demands. The main factor driving projected growth in federal spending on major health care programs is the aging population. The Congressional Budget Office has projected that the number of people age 65 or older will increase by roughly one-third over the next decade, and 80 percent by 2039..My Ex-Spouse Died. Would I Qualify For Widow's Benefits Even Though I'm Re-married?.In addition, one new cosponsor Rep. William Lacy Clay signed on to the Social Security Fairness Act this week, bringing the total up to 167. … Continued

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