Your wife can sign up, when she's first eligible, during the 7-month period that begins 3 months before the month she turns 65 and ends 3 months after the month she turns 65..Natural disasters can affect the consumer price index by showing up as higher costs, particularly when gasoline supplies are disrupted, and large numbers of people are forced to evacuate needing shelter and food away from home. But Joe thinks that our government economists may be cooking the books in their methods of measuring price increases..This week, one new cosponsor Rep. Glenn Thompson signed on to the Preventing and Reducing Improper Medicare and Medicaid Expenditures Act, bringing the total up to forty-nine. If signed into law, the PRIME Act would take a number of steps to comprehensively prevent fraud, waste, and abuse within the two programs a problem that TSCL believes must be addressed in order to ensure that scarce program dollars are being spent properly..But while FICA taxes and the revenues paid by older taxpayers on Social Security benefits are real cash, the "interest" earned by the I.O.U.s is a "paper" accounting entry. There's no dedicated source of revenue for that money. The money to repay the Social Security Trust Fund comes from general revenues, and Congress borrows more money by lifting the debt limit..If Congress does nothing and the Social Security disability trust fund is allowed to become fully exhausted, there will still be payroll taxes coming into the program, but 11 million disability beneficiaries would see their benefits automatically cut by about 20%, according to the Congressional Research Service.[2] The reallocation of payroll taxes from the retirement trust fund is likely to gain increasing attention from Congress in coming months, although it's unclear when or if Congress will act..Early last year, prior to even knowing the impact of the pandemic, the Social Security Trustees forecast that the financing of the Social Security Trust Funds would turn negative this year. The Social Security Trustees forecast that the Social Security retirement and survivors trust fund would receive a total of 5.6 billion in 2021 but estimated that program costs would be more than ,019.2 billion..The federal government will work with the private sector and Congress to implement the recommendations and develop a strategy to create a robust and resilient pharmaceutical and active pharmaceutical ingredient supply chain, including facilitating adoption of novel methods for commercial production of pharmaceuticals and biologics..That's the case for Ninon Ruscher and her husband John of Tuscon, Arizona, who rely on Social Security for all of their income. Mrs. Ruscher says that, "seniors who rent their own homes are in a precarious financial situation." "Once we pay the monthly bills, we sit at home. We don't have the money to do anything or go anywhere. Once the food runs out we have to wait until our next Social Security payment," she adds. Mrs. Ruscher notes that even though her husband receives health benefits through the Veterans Administration, and she's enrolled in a Medicare Advantage plan, they are still trying to pay off expenses from her recent surgery earlier this year..This week, sixteen new cosponsors signed on to H.CON.RES. 72, which expresses the sense of Congress that Social Security and Medicare should be protected from benefit cuts by the Joint Select Committee on Deficit Reduction. This cosponsor surge brings the total up to 28.
