The Senior Citizens League is predicting another record-low Social Security cost-of-living adjustment in 2020 despite skyrocketing prescription drug prices and home heating costs. Will you cosponsor the Fair COLA for Seniors Act, which would make the COLA more adequate for Social Security beneficiaries?."In the U.S. arm of the clinical trial, J&J's vaccine was 72% effective, which, in the absence of the mRNA data, 'one would have said this was an absolutely spectacular result,' Anthony Fauci, the head of the National Institute of Allergy and Infectious Diseases, said at a separate White House briefing. What is more, the immunization was 85% effective at preventing severe disease and, in the trial, all hospitalizations and deaths occurred among people who got the placebo. None of the vaccinated people diagnosed with Covid-19 got sick enough to need hospital care..If adopted, H.R. 2787 would mandate the monthly formulation and publication of a consumer price index specifically for senior citizens for the purpose of establishing an accurate Social Security COLA for beneficiaries..Could the annual Social Security cost-of-living adjustment be more fairly adjusted to provide a fixed annual dollar amount? If the dollar amount of the increase were to be based on middle income, then low- and middle-income beneficiaries would be on more equal footing, and higher income beneficiaries would not be hurt any worse than we typically are anyway like this year with a 1.3% COLA!.Members of the House and Senate spent the week in their home states and districts, and will return to Capitol Hill on Monday, February 27th..Just hours after the trustees released their annual reports on Wednesday, members of the House Ways and Means Social Security Subcommittee met with Chief Actuary Stephen Goss to discuss the findings. Many of those present at the hearing expressed their commitment to addressing the program's funding shortfall. Chairman Sam Johnson said, "The longer we wait, the tougher it will get to fix Social Security. So the sooner we act the better." Chief Actuary Goss agreed, saying: "The trustees have consistently advised that enacting changes soon, even if with delayed effective dates, will allow more options to be considered, more advance warning for those affected, and a more gradual phase-in of adjustments.".Even President Trump said this about his own party: "Every Republican wants to do a big number on Social Security," he said in one appearance. "They want to do it on Medicare, they want to do it on Medicaid..In addition, the Social Security Fairness Act gained one new cosponsor in Representative Mario Diaz-Balart, bringing the cosponsor total up to 16If signed into law, H.R. 1205 would repeal the Government Pension Offset and the Windfall Elimination Provision two Social Security provisions that unfairly reduce the earned benefits of millions of public servants each year..I'm 62 and my wife is 60. Last year she and I signed up for a new health plan on the federal health exchange. We qualified for lower premiums, but we still have trouble paying for all the out-of-pocket costs, because of the high deductibles. Now it's time to start all over. We're wondering if we should let our current plan automatically renew, or if we need to go through the hassle of shopping for new plans all over again.

What Is The Key To A Long Life

An individual's earnings are the basis for how the Social Security Administration calculates the initial retirement benefit. The benefit formula uses the 35 years of highest earnings to determine the average monthly wage. Low earnings and years of no earnings in one's earnings record, decreases the average monthly wage used to determine the monthly benefit. Initial benefits are pulled down with it. To boost benefits, some women today are working much longer than they anticipated to fill those gaps in their earnings records..Check community health centers or senior services department. Low - cost dental services may be available to low-income people age 62 and up, but services may be limited and there may be long waiting lists. To learn more, check with your area agency on aging to learn if there are programs near you..This year, on Tuesday, February 16, Sen. Rob Portman of Ohio, will be reading Washington's address. Portman has announced that he will be retiring from the Senate when his term expires next year. … Continued

Blog Presidential Primaries And More In The December Canvass

If you have limited income and savings, there are three Medicare Savings Programs that help pay Medicare costs. If you qualify, your Medicare Part B premium will no longer be deducted from your monthly Social Security check. Over the rest of the year, that could be worth an extra 4.60 per month in your Social Security check, and more than ,300 in higher Social Security income through the end of the year. If you qualify, you will automatically get Extra Help, the Medicare program that helps with Part D prescription drug costs..Medicare Part D prescription drug coverage hit a new milestone this year. The highly - loathed "doughnut hole" or "coverage gap" closed this year. But that doesn't mean prescriptions will be free. The co-insurance in the former Part D doughnut hole dropped to 25% of all drug costs. That's the good news. But the out of pocket spending that's required to qualify for catastrophic drug coverage took a big jump, from ,100 in 2019, to ,350 an increase of ,250. That's the biggest jump in the out-of-pocket threshold since the start of Part D in 2006..Government and private economists are warning of major financial turmoil and another recession if Congress can't get their act together to address the rising level of federal debt that is estimated to equal 70 percent of our total national output by the end of the year. Our nation's ability to pay the interest and its debt obligations has everything to do with our benefits. … Continued

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