Blog Introverts Stand Out At 2019 SummitWhen 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:.Most Americans contribute 6.2% of every paycheck to Social Security, but due to the taxable maximum earnings cap, wealthy individuals earning more than 8,500 pay nothing above that amount. Do you support increasing or eliminating the maximum taxable earnings limit to make the program more solvent?.If true, how much would Social Security's financing be improved? … Continued
Medical Services Pharmacies Understanding Your Prescription AntibioticsBuying a car is fraught with pitfalls where anyone must tread carefully and thoroughly sleuth out hidden mechanical and financial defects. Indeed, it sounds as though your brother has been taken for a ride by a predatory auto loan. According to information found an organization that provides help and information about loans and managing debt - predatory lending is any lending practice that convinces a borrower to accept unfair terms through deceptive, coercive, exploitative or unscrupulous actions for a loan that the borrower doesn't need, doesn't want, or can't afford. In recent years, such sub-prime auto loans have soared, and now state and federal agencies are starting to look into some big name lenders who cater to people with less-than-perfect credit records.."Immigration Bill Splitting House G.O.P.," Jonathan Weisman and Ashley Parker, The Washington Post, April 4, 2014..In addition, one new cosponsor Rep. Marcia Fudge signed on to the Social Security Fairness Act, bringing the total up to one hundred and twenty-one. If signed into law, the Social Security Fairness Act would repeal the Government Pension Offset and the Windfall Elimination Provision two federal provisions that unfairly reduce the earned Social Security benefits of millions of teachers, fire fighters, peace officers, and other state or local government employees each year. … Continued