"People who have been receiving benefits for 12 years or longer have experienced an unprecedented series of extremely low cost-of-living adjustments," says Mary Johnson, a Social Security policy analyst for The Senior Citizens League. What's more those inflation adjustments do not account for rapidly rising Medicare Part B premiums that are increasing several times faster than the COLA. The situation is causing those with the lower Social Security benefits to see little growth in their net Social Security income after deduction of the Part B premium..Premiums for Medicare Part B, as well as premiums for either a Medigap and Part D plan, or a Medicare Advantage plan..Recently, I received my letter from Social Security telling me that I've reached my full retirement age and I can start unreduced benefits. The letter itself devotes a mere two sentences to the most valuable thing everyone needs to know - that Social Security benefits increase by 8% for each year one delays benefits up to age 70. Eight percent per year is an incredible guaranteed rate of return that would be very difficult to achieve almost any other way..This year, for the sixth straight year, the Trustees issued a "Medicare funding warning." Marilyn Tavenner, CMS Administrator, stated: "While Medicare is stable for now, we have a lot of work ahead of us to guarantee its future." Expenditures by the Hospital Insurance Trust Fund have exceeded income since 2008 and are expected to do so for the foreseeable future. The Trust Fund is expected to cover only 87 percent of costs in 2024 and 67 percent of projected costs in 2050..Eliminating the "cash cliff" that hits when a disabled beneficiary earns more than ,090 in any given month and is immediately cut off from benefits. The cash cliff serves as a workforce disincentive and could be addressed by simply adopting the method used in the retirement program, where monthly benefits are reduced by for every in earnings over ,310, thus providing an improved earning opportunity..How would switching to the chained CPI cut Social Security?.According to Medicare, no single organization was behind the 35 people charged in the genetic testing scam, which included 9 doctors. All of this comes at a time when Medicare and Medicare Advantage are expanding the use of telemedicine, which allows doctors and nurses to connect with patients over the internet or by cell phone for consultations and to check symptoms remotely..Alexandria, VA - August 20, 2012 -- A new immigration policy recently launched by the Obama Administration could backfire when senior voters head for the polls this fall. Seventy-seven percent of Senior Americans do not agree with the new "deferred action" immigration policy, according to a new poll conducted by The Senior Citizens League,one of the nation's largest nonpartisan seniors groups. "The new policy would provide as many as 1.2 million illegal immigrants with a path to Social Security benefits and add huge new future liabilities to the program," says TSCL Chairman Larry Hyland..The bill calls for an "average" COLA increase, which according to our calculations would equal about 3%. For retirees with an average monthly benefit of ,153 in 2009, that would be an increase of .60 per month - an additional 5.20 in 200TSCL believes that could offset rising Medicare Part B and Part D premium increases for almost every senior, and may help offset some other out-of-pocket health care cost increases as well.

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Benefits are based on lifetime earnings. To be qualified for retirement benefits, workers need about 10 years of earnings. The earnings are indexed to account for changes in average wages since the year the earnings were received. Then SSA calculates the average indexed monthly earnings using the 35 years of highest earnings. A formula is applied to this amount to arrive at the basic benefit..TSCL enthusiastically supports the PRIME Act and the Social Security Fairness Act, and we were pleased to see support grow for both of them this week..But in addition to health benefits, Susan needs the income from work to help cover the expenses of family caregiving. Her 43 - year old son, Andrew who was diagnosed with cerebral palsy as an infant, and has lived at home with Susan his entire life. Suffering from seizures, a speech disorder and difficulties with walking and moving around safely, Andrew requires daily care. More recently Susan moved her 90 - year old mother in as well. With day care help from one of Susan's daughters and other family members, Susan has been able to keep her son and mom where they want to be - out of institutions, and at home with family - while she continues to work. … Continued

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Shop around Learn the going rate for veterinary services in your area. Get estimates from two or three vets, including vets who have been practicing for a long time..If signed into law, the Consumer Price Index for Elderly Consumers Act would amend the Social Security Act with regard to the annual cost-of-living-adjustment Social Security beneficiaries receive. Currently, the COLA is based upon the spending patterns of young, urban workers as calculated by the Bureau of Labor Statistics the CPI for Urban Wage Earners. This legislation would calculate the COLA based on the spending patterns of seniors, or by using the BLS tracked CPI-E..A lot is at stake. Members of Congress and President Obama have been considering cuts to Social Security cost-of-living adjustments to lower government spending cuts that still remain on the bargaining table. In addition, the Social Security Disability Insurance Trust Fund will be fully exhausted in just three years, according to the Congressional Budget Office. An immigration amnesty would give new access to Social Security for an estimated 11.5 illegal immigrants currently in the U.S., who would become eligible for benefits that potentially include credit for earnings under fraudulent Social Security numbers. … Continued

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