Calculating the COLA in this manner would remove more of the uncertainty in years of economic recession and high unemployment and it would reflect inflation two ways - the growth in average wages which determine the average benefit, as well as the growth in prices. The national average Social Security benefit tends to rise most years, because new people coming onto the rolls tend to have higher wages than people who retired ahead of them. Indexing using this method would still tend to ensure a small boost to benefits even in years when inflation is so low that no COLA is payable..A second strategy that was changed permitted married couples who reached full retirement age to file a "restricted application" which allowed individuals to collect only a spousal benefit, while their own benefits continued to increase. Unlike file and suspend, this change applies to people younger than age 62 by the end of 2015, so you still can take advantage of some planning to maximize what you get..Drug Legislation Running Out of Time as Part D Costs Set to Soar.This week, TSCL announced its support for the Improving Care for Vulnerable Older Citizens through Workforce Advancement Act, which was introduced by Sen. Bob Casey in the Senate, and by Rep. Matt Cartwright in the House. If signed into law, the bill would create six different demonstration projects that would focus on the coordination of care for elderly patients with multiple chronic illnesses. It would put Direct Care Workers such as nursing assistants, home health aides, or personal care aides in advanced roles, and it would test and evaluate different models of care coordination..The "Notch" refers to a disparity in benefits that resulted when Congress changed the Social Security benefit formula in 197The changes affected seniors who became entitled to Social Security just two years later. The group born from 1917 through 1926 are known as "Notch Babies" because they receive lower Social Security benefits than other individuals with similar earnings histories..a modest boost in benefits,."The breadth of the spending highlights the drug industry's continued clout in Washington. Even after years of criticism from Congress and the White House over high prices, it remains routine for the elected officials who regulate the health care industry to accept six-figure sums.".The record low COLAs in recent years that haven't stopped politicians in Washington from proposing more reductions by using the more slowly- growing "chained" CPI, to calculate COLAs. According to TSCL's online "Chained COLA" calculator, over the first 10 years alone a ,000 per month benefit would lose about ,555 in growth under the proposal..Some home healthcare can be deductible. In order for home healthcare expenses to be deductible, those who require the care must be unable to perform two or more of six activities of daily living and have a plan of care from a physician that specifies help with these tasks.

Give Yourself A Pain Free Hand

If you plan to cash out your home equity, it's important to have a very clear idea of how that money will be used and how it would benefit your retirement plan. For example, refinancing to do repairs and make improvements that add value and safety to your home benefit your retirement plan. Taking money out for a vacation or to support adult children doesn't offer any financial benefit to your retirement..If adopted, the Ways and Means Committee's bill would increase the federal deficit by .5 trillion over ten years and according to budget experts, the projected economic growth due to its passage would not come close to offsetting the cost. TSCL is concerned that the Tax Cuts and Jobs Act if signed into law would open the door for major cuts to programs like Social Security, Medicare, and Medicaid..The health-related negatives of fried food include generally higher calories and fat, as well as extra salt and a tastiness that often leads people to eat multiple servings, which contributes to weight problems. … Continued

Health Reform Issue Brief New Rules For Section 1332 Waivers Changes And Implications

In 2015, the monthly Medicare Part B premium for people with incomes less than ,000 was 4.90. When the Social Security Administration announced that there would be no COLA in 2016, Barbara - like 70 percent of all other Social Security recipients - was protected from reductions in her Social Security benefits by a provision of law known as "hold harmless." Barbara's Medicare Part B premium stayed the same, at 4.90, even though Medicare Part B premiums that year rose to 1.80 for people like new enrollees who were not protected by hold harmless..Then, in our Oct. 3 Update we reported that the chairmen of the House Ways and Means Oversight and Health subcommittees had sent a letter to Health and Human Services Secretary Alex Azar requesting more information about the discount card. Among the questions they were asking was what legal authority is being used to justify the program and how it will be paid for..This question is signficant in light of proposals to.Will Widows Of Notch Babies Be Included Under Notch Reform? “My husband passed away September 5, 200What will happen to his lump-sum if they ever decide to pass Notch Reform? What would happen to my lump-sum if I should die now? Would my daughter get it? It seems they are waiting for us all to die.” … Continued

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