Faqs Faqs Health Insurance Marketplace And The Aca How Do I Find My State MarketplaceSocial Security beneficiaries received a 2% cost-of-living adjustment this year, but most have seen their benefit increases completely offset by higher Medicare Part B premiums. Do you support legislation that would give older Americans a more fair and adequate Social Security COLA?.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..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. … Continued
Understanding Social Pain In The PandemicA majority of the 60 million senior and disabled Americans who receive Social Security depend on it for at least 50 percent of their total income, and one–third of all beneficiaries rely on it for 90 percent or more of their income. To help protect the buying power of benefits, TSCL supports bipartisan legislation called the Fair COLA for Seniors Act that would base COLAs on the Consumer Price Index for the Elderly. To learn more, visit..In the meantime, leaders in Congress are working on a plan to fund the federal government past January 19th. In a joint statement released on Wednesday, Senate Majority Leader Mitch McConnell and Speaker of the House Paul Ryan said: "It is important that we achieve a two-year agreement that funds our troops and provides for our national security and other critical functions of the federal government.".State and local property taxes up to ,000. … Continued