Thanks to all of you who so willingly spent your time and shared your opinions. Surveys can influence votes! TSCL recently released the results of the 2013 survey to the media, and is sharing the findings of this key annual Senior Survey in meetings with Members of Congress. To participate in TSCL polls and surveys, visit..The standard monthly Medicare Part B premium, which covers doctors and outpatient services, will increase by .10 from 5.50 in 2019, to 4.60 in 2020. At the same time, the COLA will increase an average Social Security benefit of ,460 by only .40. After deduction for the Part B premium, that would leave just .30 per month for someone with average benefits to cover all other rising costs, including other rising Medicare premiums for prescription drugs or supplemental coverage..Can you afford a 24% cut in your Social Security check? Can you afford to pay even more than you do now for your health care after you get a 24% cut in your Social Security?.Super Committee Fails, Budget Faces Automatic Cuts.One of the big questions we have is why this flu is so different from the regular seasonal flu, or even the flu viruses we've experienced in the past years such as swine flu, SARS, MERS or Ebola. After all, whether we like it or not, it's a fact that seniors are among the most vulnerable when it comes to theses flus, especially if someone has other serious underlying illnesses. It's also a fact that significant numbers of people die each time there is a flu outbreak, and seniors make up a large portion of those deaths..When Franklin Roosevelt signed Social Security into law as part of.Social Security coverage to persons who have not worked long enough under the system to draw benefits on their own account is of major significance in the debate to allow individuals to invest a portion of their Social Security taxes into private retirement accounts. As proposed, private Social Security retirement accounts would unlikely be able to provide the extent of coverage the current program now offers..Another concern about congressional inaction on the debt ceiling is the potential for cuts to programs like Social Security, Medicare, and Medicaid. In recent debates, Social Security benefits have been used as a bargaining chip and have been held hostage to the debt limit increase. Some retirees have felt the sting of unexpected benefit cuts. In 2015, following the passage of the Bipartisan Budget Act, millions of seniors, already eligible for Social Security benefits, learned that an important claiming method called "file and suspend" a particularly important protection for women who tend to have lower benefits than men would no longer be an option to them..According to an article by StateNews.com, pharmaceutical manufacturers have been pouring millions of dollars into this year's Congressional campaigns.

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In normal political times neither party would allow Medicare to be cut. But because of our current highly partisan times, it would require ten Republicans to join with Democrats to stop the cuts to Medicare with new legislation if reconciliation were used.."More good news: More than 90% of beneficiaries reported following advice on hand washing, social distancing, mask wearing, and avoiding large groups and sick people.".insurers have hiked premiums so high that policyholders have been forced to drop … Continued

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This year, for the first time since the early 80's, the Social Security Trust Fund that pays retirement and survivors benefits fell into deficit and is paying out more than it receives in payroll taxes and taxes on Social Security benefits. In years in which there was an excess of Social Security taxes, the federal government used the surplus revenues for other purposes and then credited the Trust Fund with special non-marketable government bonds representing IOUs. But with the recession and prolonged economic recovery, the taxes that fund Social Security plunged. At the same time, enrollment is soaring as seniors who have lost their jobs turn to Social Security early. When the Trust Funds don't receive enough tax revenues, then the government must find the cash to redeem the IOUs to pay benefits. The only options Congress has is unsustainable levels of borrowing, tax increases, or cutting benefits..Under a restricted application, however, you could take just one or the other of the two benefits at 66, and then allow the other benefit to grow at 8% per year, until age 70. For example, depending on how much your own retirement benefit would be, you might file a restricted application for your own retirement benefit, and then let your larger spouse benefit grow to the maximum, switching to it at age 70. Or, if by allowing your own retirement benefit to grow would yield a higher benefit, you could instead file a restricted application for just the ex- spouse benefit at 66, and then switch to your own higher benefit at age 70. You will need professional help to make this determination. The extra money you receive using this strategy accumulates over a typical retirement, and can mean a significantly higher benefit when you are older and need it the most..Individuals with incomes above ,000, or couples with incomes above 0,000. … Continued

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