Without a doubt the public is often justifiably confused about the convoluted workings of federal benefit programs. But the one thing we are all aware of is the amount of money we pay into Social Security, which includes taxes for both retirement AND disability insurance benefits. Social Security disability benefits are earned - same as retirement benefits. Of the 12.4% payroll tax paid by workers and employers, the retirement trust fund gets 10.6% and the disability insurance trust fund gets 1.8% of the revenues collected..Alexandria, VA majority of Social Security recipients would have to raid retirement savings or use a line of credit to meet even relatively modest financial emergencies, according to a new poll by The Senior Citizens League. When retirees were asked how they would raise ,000, 49 percent of respondents said they would take money from savings and another 30 percent said they would use a line of credit or borrow..There is real concern that many people who are treated for the coronavirus could end up with surprise medical bills. Because of that Democrats want to make health-care services free to people who contract the new coronavirus. If treatment were free, those with the virus wouldn't have to fear surprise medical bills. That would, of course, still leave unsolved the issue of surprise billing for other types of treatments..Ignoring dental problems, though, or skipping care, can harm your health. Chronic gum infections are associated with an increased risk for heart attack according to some studies..Burwell Confirmed as HHS Secretary.Second, one new cosponsor Representative Sean Patrick Maloney signed on to the Medicare Drug Price Negotiation Act, bringing the total up to twenty. This bill, if adopted, would reduce prescription drug prices for older Americans by requiring the Secretary of Health and Human Services to negotiate lower covered Medicare Part D drug prices on behalf of beneficiaries..That's a common misconception. According to estimates from the Social Security Administration's Chief Actuary, three-quarters of "other-than-legal" immigrants have payroll taxes withheld..TSCL will be keeping a close eye on this subject because we know that so many seniors and their families are desperately hoping there will be some new breakthrough that will effectively treatment Alzheimer's and other forms of dementia. But the cost of this drug is so expensive, and it could have a major impact on the Medicare budget that already is in critical financial condition..Yes, unfortunately this is correct. Under current law Social Security benefits are not payable for the month in which a beneficiary dies. This is so even when the beneficiary, like your husband, passes away on the last day of the month. However, according to the Social Security Administration the check that an individual receives in a given month is the payment for the preceding month. That means the check that your husband received during the month of March was his benefit for February, which you would be entitled to keep. It is the March payment that you would have received in April, and any thereafter that must be returned.

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Once an individual becomes entitled to Social Security, other dependents can make claims on their account if all other qualifications are met, even if they never paid into the system. Here's a list:.The primary means of financing the benefits of the nation's 61 million Social Security recipients is a 6.2% payroll tax that is paid by employees and matched by employers - a total of 12.4%. Current law, however, imposes a limit on the amount of wages that are taxed for Social Security purposes, which is 7,200 in 201"Because Social Security benefits are based on wages, the Social Security cap on earnings also limits the initial retirement benefit that higher earners receive when they retire," Johnson explains. "In fact, all Social Security recipients are wrestling with growing income inadequacy as benefits replace a shrinking portion of wages, and this is especially true for those who earn more than the taxable maximum," Johnson says..This week, Members of Congress remained in their home states and districts to continue the fall recess. They are expected to return to Capitol Hill following the November elections to begin the lame duck session. Until then, most lawmakers will be attending local events and holding town hall meetings in their home states and districts. … Continued

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Congress recently ended two Social Security claiming strategies that helped couples maximize their retirement income. The strategies being eliminated allowed individuals to claim a spousal benefit while their own retirement benefits continued to grow. The "file and suspend" option is no longer available for people who will be younger than age 66 on April 30, 201Those older than age 66 on that date are grandfathered in and still able to use the claiming strategy. If you and your husband won't be 66 until later in the year, your husband would not be able to file and suspend as planned..TSCL is working hard for legislation that would lift the taxable maximum cap, expand Social Security by boosting retirement benefits and provide greater retirement security by using a "seniors" consumer price index, the CPI-E, to determine the annual COLA. To learn more, visit..On Friday, lawmakers in the House and Senate prepared to return to their home states and districts for a week-long recess. They are scheduled to be back in Washington on Monday, May 7th. In the meantime, many Members of Congress will be attending local events and hosting town hall meetings. … Continued

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