The primary means of financing the benefits of the nation's 61 million Social Security recipients is a 6.2% payroll tax that is paid by employees and matched by employers - a total of 12.4%. Current law, however, imposes a limit on the amount of wages that are taxed for Social Security purposes, which is 7,200 in 201"Because Social Security benefits are based on wages, the Social Security cap on earnings also limits the initial retirement benefit that higher earners receive when they retire," Johnson explains. "In fact, all Social Security recipients are wrestling with growing income inadequacy as benefits replace a shrinking portion of wages, and this is especially true for those who earn more than the taxable maximum," Johnson says..Small market. The companies controlled drugs through a closed distribution system or specialty pharmacy where the drugs could not be obtained through normal channels or other means..The new regulation announced by CMS calls for a standard format when a health plan orders, authorizes, or initiates an electronic funds transfer with its financial institution. The new standard is expected to decrease many complexities and costs that riddle the current model..With the insolvency of the Social Security Disability program imminent, TSCL believes that lawmakers will be forced to take action, and soon, to enable the program to continue to pay benefits on time. "Don't let anyone lull you into thinking your benefits are safe," warns TSCL's Executive Director, Shannon Benton. "Congress has no plan in place to ensure that they are." To learn more about how you can join TSCL's efforts to protect your COLA and Social Security benefits, visit online at. or call toll free..Background.On Thursday, after thirty hours of debate, the Senate voted to confirm the nomination of Sylvia Mathews Burwell as the next HHS Secretary. Burwell has served as the Director of the Office of Management and Budget for the past year, and she will now replace Secretary Kathleen Sebelius, who announced her resignation in April. In her new position, Burwell will manage the Social Security, Medicare, and Medicaid programs, and she will also oversee the continued implementation of the Affordable Care Act, among other things.."To lower the expected cost of these new benefits, House Democrats have proposed introducing the new dental benefits starting in 2028, ramping up the coverage over five years.".Use call block technology. If you have a smart phone, you can block calls from unknown numbers. Some land line phones also have similar technology..2009 Annual Medicare Trustees Report, May 12, 200"How Medicare Part B Premiums Would Be Affected If There Is No Social Security COLA," Kathleen Romig, Jim Hahn, Congressional Research Service, May 4, 2009 7-5700.

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Just days remain before voters across the country will elect 435 lawmakers to the U.S. House, 34 to the U.S. Senate, and one new president to the White House. By now, most registered voters have a good idea who they will vote for on November 8th. But how much do you really know about the party positions? Before heading to the polls on election day, TSCL recommends taking one last look at the platforms that were adopted by the Democrats and the Republicans earlier this year. Here are the Social Security reform positions laid out by the two major political parties at their conventions back in July..However, some advisors have said it would be unwise for Biden to clean house. The board currently has four Republican governors, two Democratic governors and three vacancies.._ … Continued

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Increasing the payroll tax rate gradually by around 1 percent for both workers and employers. Doing so would amount to an additional 50 cents per week for the average American worker an amount that TSCL feels is reasonable..TSCL does not make campaign contributions because we are funded by our supporters like you, and we simply don't have the millions of dollars like drug companies do. Instead, we rely on you and your vote. Elected officials care about money, but they care even more about your vote.."Sequester Savings on Senior Programs Would Add New Cost, Study Says," Kerry Young, CQ Roll Call. "Meals on Wheels Budget Cuts: 'Slowly Developing Crisis,'" Jeanne Sahadi, CNN Money, May 6, 2013. … Continued

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