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The main source of funding for Social Security comes from the payroll taxes that workers pay into the program. But there are two other sources of revenues: taxes that retirees pay on their Social Security benefits, and the "interest" earned by the "I.O.U.s" held by the Social Security Trust Fund..Supreme Court: Mandate Penalty is Tax, Jeanne Sahadi, CNN Money, June 28, 2012..My husband passed away on March 31st. I was told that I have to return his entire Social Security payment for the month of March. Can this be true? This is an unfair and callous policy. Bills were incurred during the days that he was alive. Returning the check creates a financial hardship since every bit of it was spent on his healthcare, not to mention the costs of his funeral!.Congressional Recess Continues.Is this fair? Should Congress change the indexing of the Social Security COLA to strengthen Social Security benefits? Click here to take our new 2019 Social Security survey..The Senior Citizens League strongly endorses legislation that would guarantee that COLAs are no lower than 3% and is working with Congress for the passage of an emergency COLA benefit boost for 2021..List prices increased by an average 4.6% in January, which is the largest amount in years. Most list price increases end up trickling down to patients in the form of higher cash and net prices, which is especially important for those who have high deductibles and the uninsured..Figure in inflation: When calculating a long-term budget, consider that Medicare Part B premiums grew by almost 9% per year over the past 15 years. Medicare Advantage premiums have grown somewhat more slowly, but on-going program changes make it important to compare your health plan with other options during the Medicare's Open Enrollment period..While a multitude of new mandates and burdensome administrative requirements have been layered on over the past several years, payments to physicians have not only failed to keep pace with inflation, they have, in some cases, decreased in real terms.

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"The side effects of the drug, to be sold as Aduhelm by maker Biogen, are troubling and the cost is staggering, at ,000 per year 'forever,' doctors told STAT. More than one-third of trial participants developed brain swelling and 17% to 19% had small bleeds in their brains.".The bill would provide seniors with vision benefits in 2022, hearing benefits in 2023 and some dental benefits by 202Progressives are pushing for an earlier start to the dental benefits and that the government increase its share of the cost, which ramps up to 50% by 2032..Annual limits on out-of-pocket costs: Unlike Medigap supplements, MA plans have annual out-of-pocket limits, which can vary and rise annually. In 2016 the maximum annual out-of-pocket that plans can charge is ,700, so your costs would need to be that much before catastrophic coverage begins. On the other hand, the limit protects you in years when you have very high out-of-pocket costs. Medigap plans may have lifetime limits that you could potentially exceed as you get older and sicker. … Continued

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The fact that there are actually two Social Security trust funds is important when you break down the numbers behind the trust funds' cash deficits. According to the Social Security Trustees' "intermediate" projections, the OASI trust fund would run a cash deficit of billion in 2010, and the DI trust fund a billion cash deficit..A push in the House to give legal status to illegal immigrants is reviving some movement toward immigration legislation this year. But the effort is running into outspoken opposition, including that from TSCL's grass roots senior members and supporters. At issue is whether undocumented immigrants, who have used fraudulent Social Security numbers to get jobs, would be allowed to claim Social Security payments based on earnings under those numbers..COLAs became automatic with the one that became payable on July 1, 1975 and continued to average 8.7% annually from 1975 through 198Then the bottom seemed to fall out. From 1983 through 2009 COLAs averaged 3.1%. From 2010 to Do you see a pattern here? I do. We may never know the full details, but what we do know is that our government economists at the Bureau of Labor Statistics changed the way they measured price changes. The Consumer Price Index Handbook of the Bureau of Labor Statistics contains an extensive list of ongoing changes to their methodology in measuring price change. Since the 1980s the BLS has implemented 30 changes, and many of those changes reduce the measured rate of inflation. That in turn means slower growth in Social Security benefits over time. … Continued