And remember, there is no plan anywhere on how to shore up Social Security, even if the Payroll tax deferment is not made permanent..This may be difficult to believe, but consumer price index data suggests that the annual Social Security cost-of-living adjustment for 2020 could be close to zero next year - a mere 0.5 percentage point. This comes even as the costs of goods and services used by retirees are shooting upward according to responses to TSCL's 2019 Senior Survey.."Senate Republicans, White House Officials Meet Privately on Fiscal Deal," Paul M. Krawzak, CQ Roll Call, June 6, 201"Inflation Indexing Elements in Federal Entitlement Programs," Dawn Nuschler, Congressional Research Service, April 24, 2013..TSCL enthusiastically supports the Social Security Guarantee Act since it would go a long way in ensuring the retirement security older Americans have earned and deserve. At a time when many in Congress are considering proposals that would cut Social Security benefits, we believe its passage is more important than ever..Your decision on when to enroll in Medicare depends on two factors: 1.) your age or disability and, 2.) the size of your husband's employer. You are first eligible to enroll at 65, but if your husband's employer has over 20 full time employees then you would be able to delay enrollment in Medicare while your husband is still working and he continues to have health coverage through his employer. Once the employment or coverage ends you have 8 months to sign up for Part B without penalty during a Special Enrollment Period..TSCL encourages its members and supporters to attend these events and to voice their concerns about important Social Security and Medicare issues like inadequate cost-of-living adjustments and skyrocketing prescription drug prices..When you are ready to compare coverage and costs, get a copy of the most recent materials from your current health plan to have on hand. In addition to your current premium and deductible, you will need to know what your current coinsurance or copayments are, and your annual maximum out-of-pocket in order to calculate the "actuarial value" of your plan. To learn whether you qualify and how much credit you will get, contact your state's Health.If signed into law, the Social Security Fairness Act would amend title II of the Social Security Act to repeal the Government Pension Offset and the Windfall Elimination Provision..Increase the Social Security cost-of-living adjustment to reflect the inflation experienced by retirees.

Health Reform Issue Brief Impact Of Key Provisions Of The House Covid 19 Relief Proposal On Marketplace Premiums

Dining On A Social Security Budget.Early last year, prior to even knowing the impact of the pandemic, the Social Security Trustees forecast that the financing of the Social Security Trust Funds would turn negative this year. The Social Security Trustees forecast that the Social Security retirement and survivors trust fund would receive a total of 5.6 billion in 2021 but estimated that program costs would be more than ,019.2 billion..Ending the payroll tax, "would end Social Security as we now know it - as an 'earned' benefit that people pay for with taxes based on their wages," Johnson says. "If Social Security were funded out of general revenues instead, the program would be more like welfare - subject to the annual appropriations process, and the funding or repeal whims of Congress," she says. … Continued

Yuri Gelfand

So far both Congress and President Obama have been cool to the idea of restoring funding to Meals on Wheels. That could change if Members of Congress start hearing from their senior constituents. Do you know someone who is losing their Meals on Wheels due to budget cuts? Write a letter to the editor of your local paper!.In a letter to Marilyn Tavenner, the Acting Administrator of CMS, the Medicare Payment Advisory Commission warned that some of the health plans don't have the experience to manage the full range of benefits required by dual eligibles or the capacity to serve large numbers that would be automatically transferred into the plans en masse at the beginning of the program..A widely-discussed plan to reduce the federal deficit would use a slower-growing consumer price index, known as the "chained" CPI, to calculate the annual cost-of-living adjustment. The proposal, often referred to as "chaining" the COLA, would not be the first time the government has tweaked the inflation index to cut government spending on benefit programs … Continued

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