I started benefits at age 63 after losing my job in 201I was able to find new employment the following year in 201I received a letter from Social Security stating that I was overpaid for 2014 because they estimate that I earned 0,320, and that I need to repay more than ,000 in overpayments! Where did they get that? I only worked part time and earned ,200. What can I do?.The Social Security Cost-Of-Living Adjustment is likely to be the first target for cuts. Most deficit plans in recent years propose tying the annual inflation boost to a more slowly - growing consumer price index known as the chained CPI. The new tax legislation, in fact, adopts the chained CPI to adjust tax brackets and the new expanded standard deduction. That will mean the standard deduction will grow more slowly than before and that people will wind up in higher tax brackets, or a greater portion of their income will be subject to tax, more quickly than before. For retirees, the chained CPI would mean lower COLAs, as well - if Congress extends the change to Social Security..Congress recently took action to head off a looming 19% cut in Social Security disability benefits received by nearly 10.8 million disabled adults and their dependents. The Social Security Disability Insurance trust fund was projected to run low of funds by the end of 2016, but changes contained in the recent debt limit budget deal include a number of provisions to strengthen program financing. Many of them had the support of TSCL..Customers are asked to provide their Social Security numbers or other personal identifying information in exchange for a bank routing number that will allegedly pay their utility bills. In reality, there is no money, and customers believe they have paid their bills when in fact they have not..TSCL's Take.This week, lawmakers remained in their home states and districts to finish the two-week spring recess..A new study recently found that Social Security benefits have lost 34 percent of their purchasing power since 2000 due to rising costs and inadequate COLAs. Do you support the bipartisan CPI-E Act, which would make the COLA more fair and adequate?.When there is no or a very low COLA, a special provision of law known as "hold harmless" protects beneficiaries when the dollar amount of their COLA is lower than the dollar amount of their Part B increase. The Part B premium is adjusted to prevent a reduction in Social Security benefits from one year to the next. "But when this provision occurs on a program-wide basis - as it did in 2016 and 2017, the entire increase in Medicare Part B for the year is shifted to the people who are not protected by hold harmless, Johnson notes. Instead of the Part B increase being spread over all Medicare beneficiaries, the total cost increase is borne by only 30 percent of Medicare beneficiaries who are not protected by the hold harmless provisions. They include:.Social Security provides at least half the income for 65 percent of seniors.

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As further reinforcement, my colleagues and I introduced the Prioritize Spending Act that directs the Treasury to pay Social Security and Medicare first. As of this writing, the President and Senator Reid refuse to allow it to become law..TSCL believes this offensive policy is long overdue for a change. Social Security provides monthly income to retirees and we believe retirees are entitled to every last dime, including benefits for the month in which they die. Payment for the final month is especially important as you point out because medical and funeral expenses can be significant..The Notch Fairness Act, H.R. 615, introduced by Representative Ralph Hall, would allow Notch Babies their choice of a higher monthly benefit or a lump-sum of ,000 payable in four annual installments. The legislation would allow eligible survivors of Notch Babies, persons who receive Social Security benefits based on the account of a Notch Baby, to receive up to 100% of the benefit payable to the deceased. … Continued

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I'm 60 and I buy my own health insurance. Would I qualify for the new Obamacare health insurance exchanges? How much would I pay? I paid 1 per month this year, but I have a ,000 deductible with a ,000 annual maximum to keep my premiums affordable. My husband is getting Medicare and we depend on his Social Security for most of our income..For progress updates or for more information about these and other bills that would strengthen Social Security and Medicare programs, visit the Bill Tracking section of our website or follow TSCL on Twitter.In today's environment, working together - whether that's across the aisle, across the country, or across generations - is the only way to keep our communities safe. That spirit and attitude is what America is all about, in the greatest country in the world, and that's thanks, in no small part, to the many accomplishments of our seniors. … Continued

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