Extra Help pays for your Part D plan premium, up to a specific amount, based on your state..Seniors have lost more than 20% of their purchasing power since 2000. What is your position on the adoption of the "chained" CPI for the calculation of COLAs, which studies show would put the purchasing power of Social Security benefits even further behind?.Even more surprising is what isn't showing up on the list - medical costs. The cost of medical care services still increased 2.5 times faster than the COLA, rising by 3.2 percent. That's nothing new. In many years medical costs have increased more rapidly than in 2020. Emergency coronavirus legislation last spring restricted what providers could charge for many COVID-19 related services, and large numbers of patients and their doctors postponed non-urgent care..So far there's been little discussion on how to fix the disability program. Congress and President Obama have debated reducing cost-of-living adjustments that would reduce the growth in benefits of all Social Security recipients. There has also been debate over raising the eligibility age, and other changes affecting the retirement program..Despite the House passing a trillion coronavirus relief bill last month, Senate Majority Leader Mitch McConnell has not scheduled a vote on a Senate relief package before July Instead, Republicans will focus on the National Defense Authorization Act, the Great American Outdoors Act and the confirmation of circuit court and other nominees this month..Prices charged for the category of drugs known as "specialty medications" are exploding so quickly that they're now a key source of concern for both consumers and Congress. Specialty drugs include those used to treat cancer, multiple sclerosis and rare health conditions. Spending on these drugs under Medicare almost quadrupled in recent years, rising from .7 billion in 2010 to .8 billion in 201On the other hand, spending on the same drugs under Medicaid, the program that provides healthcare for low-income Americans, grew much more slowly over the same period, rising from .8 billion to .9 billion..TSCL is working with Members of Congress to enact legislation that would lower Medicare costs, including the elimination of "surprise medical bills" from out-of-network providers, and is working to ensure that Medicare beneficiaries can continue to receive their Medicare benefits through the Medicare Advantage or Medigap plan of their choice..In fact, the fastest growing cost for seniors Medicare Part B premiums is not accounted for at all in the CPI-W since young workers are not enrolled in the Medicare program. Since 2000, Medicare Part B premiums have increased by 195 percent and prescription drug spending has increased by 184 percent. However, COLAs have increased Social Security benefits by just 43 percent since 2000..TSCL encourages all readers concerned about the future of their Social Security and Medicare benefits to Contact your Member of Congress. Let's tell Congress not to pay Social Security based on unauthorized work! Work under invalid and fraudulent Social Security numbers should be invalid for entitlement to Social Security benefits. To learn more, track bills that are in congress.

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Since the Social Security Administration announced the 2013 benefit boost last fall, fuel, food and healthcare costs have steadily climbed. U.S. households that heat with oil are expected to pay nearly 20 percent more this winter compared to last year. Homes that rely on oil heat will pay an average of 7 more this winter according to the U.S. Energy Information Administration..This week, one new cosponsor Rep. Hakeem Jeffries signed on to the Improving Access to Medicare Coverage Act. The cosponsor total is now up to one hundred and forty-five. If signed into law, H.R. 1179 would amend current Medicare policy to count hospital stays under "observation status" towards the three-day requirement for skilled nursing care. Currently, those under "observation status" don't qualify for coverage of the benefit, and they are often hit with large, unexpected bills after receiving necessary medical care. TSCL believes the current policy is unfair, and we were pleased to see support grow for H.R. 1179 this week..Despite the fact that so much urgently needs to be done, it is disturbing that the Senate plans to be out for at least 13 of the 34 weeks between now and the election. … Continued

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The new analysis by Johnson compared the growth of retiree benefits from 2009 through 2020 to learn how much more in income retirees would receive if COLAs had grown by a more typical rate of 3 percent. The analysis found that an "average" retiree benefit of ,075 per month in 2009 has grown to ,249 in 2020 but, if COLAs had averaged 3 percent, that benefit would be 7 per month higher today, and those individuals would have received ,227.40 more in Social Security income over the 2010 to 2020 period..He noted that a vaccine's rarer side effects are often not recognized until it is put into broad use. To discover an adverse outcome that only occurs in one person in 100,000, for instance, a company would need to test it in 384,250 people from broad backgrounds and with a variety of medical conditions..Your Social Security benefits are affected by the Windfall Elimination Provision. It affects people who have worked in jobs covered by Social Security and other jobs in which Social Security taxes were not taken out of your pay - like some government jobs, or for employers in other countries. The good news is that the WEP does not apply to survivors benefits, and because your wife worked in a private sector job that was covered by Social Security, she's not affected by the Government Pension Offset - a similar provision that reduces spouses and survivor benefits. … Continued

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