Barbara, who is now 75, retired 9 years ago. In 2009, the first year after starting benefits, she received a 5.8% COLA and the Part B premium stayed the same as the year before. But in the following 8 years, COLAs dropped to record lows, averaging just 1.1% per year over the entire period..To learn more about how Medicare covers hospital services, see your copy of the "Medicare & You" 2011 handbook that you received last fall, call or visit..Even before the coronavirus pandemic Congress was facing tough decisions on how to strengthen the Medicare's Part A Hospital Insurance trust fund. But Congress is now running out of time and will need to move soon on a plan to prolong program solvency..While the Social Security hold harmless provision provides important protection from Social Security reductions, more money is required to catch up to Medicare Part B levels in following years. If COLAs continue to remain low, premiums would adjusted again due to low COLAs. COLAs would have to be substantially higher in following years or the whole process would happen all over again..One thing we know for certain about the greatest generation, it is that they don't scare easily. Not economic depression, Nazi Germany, Japan, or world war could frighten my father's generation. It is with that same resolve and faith in the rightness of your cause that seniors should not give in to the fear-mongering coming out of Washington D.C..Tax Planning? Medical Expense Deduction Becomes Less Generous in 2019.too..The resolution introduced by Rep. Rigell expresses a commitment to two critical issues facing seniors, and TSCL was pleased to lend its support to it this week..Two Key Medicare Bills Gain Support

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Lawmakers Advance Temporary Funding Bill.TSCL recently endorsed The BASIC ACT introduced by Senator Christopher Murphy that would pay the deceased beneficiary's Social Security benefits for each day a recipient lives. The bill would send the beneficiary's estate a check for the days lived in the final month. The legislation would also increase the size of the Social Security death payment from 5 to 50% of the deceased beneficiary's typical monthly Social Security income with 5 as the minimum payment. As currently structured, the legislation would cost an estimated 0 million each year..Compare that to retiring early at age 6She'll lose ,437 in Social Security income. Her starting benefit will be permanently reduced by 25% to ,225, and even with receiving benefits over more years she'll receive only 3,228 over the course of her retirement. Her final benefit would be ,438. … Continued

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House Majority Leader Steny Hoyer laid out the priorities for the Democratic majority in the House of Representatives this year. The good news is that more health care legislation is on the list..They don't mind paying for Social Security because they value it for themselves..According to the Federal Register "Amounts collected under section 1411 are not designated for the Medicare Trust Fund." The Joint Committee on Taxation in 2011 stated that's because "No provision is made for the transfer of the tax imposed by this provision from the General Fund of the United States Treasury to any Trust Fund." … Continued

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