Does the Start of Obamacare Affect Me?.Even the Committee For a Responsible Federal Budget, which proposes the change, suggests that lower-income people could be especially vulnerable under the proposal. The organization is recommending that Congress dedicate about billion in savings from lower spending on COLAs to "enhance various benefits for low-income individuals" saying "while chained CPI is the most accurate measure of inflation, it could result in some undesirable distributional consequences.".Retirees frequently say that their annual cost-of-living adjustment does not adequately keep pace with rising costs. To learn if this is the case, this study, now in its eleventh year, looks at 40 expenditures that are typical for people age 65 and up, comparing the growth in the prices of those goods and services, to the growth in COLAs..Some have hailed this provision as the closing of a "loophole," while others have said the provision will cause companies to cut jobs, and cut prescription drug coverage for retirees. Because companies would no longer be able to deduct the subsidy, it would increase the taxes they expect to pay under current law. The Senior Citizens League is monitoring this provision's potential effects on retirees. TSCL is concerned that some employers may cancel the often-generous prescription drug coverage that they provide to their retirees as a result of the expected increased costs of providing that benefit. If any retirees lose their current prescription drug coverage, they could then go through Medicare Part D to get their prescription drug coverage..I started benefits at age 63 after losing my job in 201I was able to find new employment the following year in 201I received a letter from Social Security stating that I was overpaid for 2014 because they estimate that I earned 0,320, and that I need to repay more than ,000 in overpayments! Where did they get that? I only worked part time and earned ,200. What can I do?.My Ex-Spouse Died. Would I Qualify For Widow's Benefits Even Though I'm Re-married?.Opportunity to expand and preserve this vital benefit for future generations..Minor or disabled child's benefit based on a living or a deceased parent's account..We share this information with you as a reminder that TSCL does not get any money from the drug makers or any other corporate or major donors. We rely only on you, our supporters, for the funds that allow us to keeping fighting on your behalf to protect the benefits you paid for all of your working life: benefits you earned, you deserve and that you depend on.
