Also this week, one new cosponsor Rep. Lou Barletta signed on to Rep. John Duncan's CPI for Seniors Act. The cosponsor total for this bill is now at 11.."Should Social Security's Cost-of Living Adjustment Be Changed?" National Academy of Social Insurance, April 2011..The news media has me confused regarding what is included in the CPI. I understand, according to the media, that the CPI does not include food or fuel. I wondered how that could be since they would be two of the largest items in the CPI?.The most recent report is that the Trump administration expects to begin sending 0 prescription drug discount cards to seniors by Jan. 1..The recent battle in Congress over lifting the debt limit contained mostly good news and some not so good news, for disabled and retired Americans. The legislation rolled back an unprecedented 52% spike in Medicare Part B premiums due to affect about 15.6 million Medicare recipients, and it prevented a 19% cut in Social Security Disability Insurance benefits due to occur later this year. But the legislation contained no Cost-of-Living Adjustment relief for 2016, and closed off one of the few claiming strategies that some Americans have to boost their Social Security payouts..Tell your leadership what is important to you - Sign a Petition.Gift certificates for home-heating oil are likely to be among the most appreciated gift you can give this holiday, says The Senior Citizens League. "That's because it will cost many Americans roughly 26 percent more to fill their home-heating fuel tanks this winter than last," says The Senior Citizens League's Social Security policy analyst Mary Johnson. "For people who rely on Social Security benefits, this will be a particularly challenging expense, since Social Security benefits are only increasing 2.8 percent in 2019," she explains..This week, the Social Security and Medicare Boards of Trustees released their highly anticipated annual reports on the financial status of the two programs. In addition, lawmakers remained in their home states and districts to continue the two-week spring recess..It's important to note that Social Security would completely suspend payment of your benefits until the withholding of benefits due to excess earnings are accounted for. If you do start to work, you will need to contact the Social Security Administration as soon as possible and report what you expect to earn in 2021.

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Will current beneficiaries and those close to retirement - people age 55 and older - be protected from benefit cuts?.Roughly one - half of all retiree households report that a portion of their Social Security benefits are subject to taxation, according to recent survey results from The Senior Citizens League. "This is a tax that was estimated to affect just 10 percent of Social Security beneficiaries when it was first enacted in 1983," says Mary Johnson, a Social Security and Medicare policy analyst for The Senior Citizens League..As to the details of how healthcare reform will affect you and your husband, stay tuned. Government officials and community organizations are gearing up for consumer information and assistance efforts that will surround this fall's open enrollment period starting in October. A major poll conducted earlier this year indicates that much of the public remains confused about the status of the health law. Check coming issues of The Social Security and Medicare Advisor for how the new healthcare law will affect seniors younger than Medicare age. … Continued

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The 1977 benefit formula changes affected workers who turned 62 and became eligible for benefits just two years later, in 1979 and thereafter. To protect people close to retirement from abrupt benefit cuts, and to phase in the benefit reductions, a 5-year transitional formula was provided affecting people born from 1917 through 192That group had their benefits figured two different ways using both the transitional benefit formula, and the new benefit formula. People received the higher of the two benefits..Social Security Fairness Act Re-Introduced.We hope you will use these points and contact your own Senators and Representatives and tell them you are absolutely opposed to any payroll tax cut. … Continued

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