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drives up hospital and other costs for Medicare beneficiaries,.But when you work, there's a limit to how much you can earn and still keep your benefits. When you are under full retirement age, your Social Security benefit will be reduced for every you are over the earnings limit..But as the StatNews article said, "… some people might remember the headlines of Moderna's and Pfizer's product offering greater than 90% effectiveness against Covid-19 and question J&J's announcement of 66% effectiveness..The COLA isn't living up to the promise of protecting the buying power of your benefits, and retirees are getting short changed. We need to work together to enact legislation that will provide a more fair and adequate COLA. To learn how you can get involved visit:..If signed into law, the Protecting and Preserving Social Security Act would amend title II of the Social Security Act to calculate cost-of-living adjustments based on the Consumer Price Index for Elderly Consumers. It would also amend the Internal Revenue Code to gradually eliminate the cap on income subject to the payroll tax..According to The Social Security Trustees, the Disability Insurance Trust Fund is expected to become fully insolvent by the end of next year. Without Congressional action, Social Security trustees estimate there won't be enough tax revenues to pay full scheduled disability program benefits at the end of 201More than 10 million disabled beneficiaries and their dependents face cuts of about 19% in their monthly payments if nothing is done..In 2006, Johnson first forecast that the hold-harmless provision - which at the time was virtually unknown by the public - would begin to be triggered more often by the year 2012, due to rapid growth in Medicare Part B premiums and weak growth in COLAs. Indeed that provision was first triggered on a nation-wide basis in 2010, and triggered again in 2011, when inflation was too low for a COLA to be payable, and the Medicare Part B premium subsequently soared.."Social Security: What Would Happen If The Trust Funds Ran Out?" Christine Scott, Congressional Research Service, August 2, 201Debt Limit Analysis, Bipartisan Policy Center, July 2011..In order to cover shortfalls - in 2021, and every year thereafter - the Social Security Trust Fund will liquidate the special issue bonds it holds in order to pay scheduled benefits until the program becomes insolvent. According to the Social Security Trustees in 2020, without Congressional action, the combined Social Security Trust Fund will become insolvent around 2034, a little more than ten years from now. At the time of insolvency, Social Security will only receive enough revenues to pay about 77% of benefits. In other words, Congressional inaction could result in an automatic benefit cut of about 23%.

State Indicator Total Medicaid Mco Spending
Should I Allow My New Health Law Coverage To "Automatically Renew"?.A number of innovative alternatives to the SGR exist those outlined above are three among more than a dozen. Because the options are so varied, TSCL believes that testing and evaluating different models will be a critical step in the process. A bill recently introduced by Rep. Allyson Schwartz the Medicare Physician Payment Innovation Act would do just that, and we look forward to partnering with her in the coming months to resolve the physician payment fiasco once and for all..A tax reform plan being floated by the House GOP would meet strong opposition from activists and older voters, warns The Senior Citizens League. The plan would end the 12.4 percent payroll tax that funds the monthly checks of about 60 million current Social Security beneficiaries. "This proposal would sabotage Social Security for both current and future Social Security recipients," warns Mary Johnson, Social Security policy analyst for TSCL. … Continued

Ncsl In Dc Publications And Resources Capitol To Capitol Feb 11 2019
Nearly two-thirds of the spending on prescription drugs by older Americans is for out-of-pocket costs that include deductibles, co-pays and co-insurance. Since the start of Medicare Part D in 2006, out-of-pocket costs grew 188% or roughly 16% per year by the end of 2017, far exceeding the growth in Social Security benefits, that averaged just 1.9% per year over the same period..Can You Explain the Pros and Cons of Switching to a Medicare Advantage Plan?.To learn more, visit. … Continued