That estimate appears to be one prepared by the Social Security's Chief Actuary who projected in 2003 that a totalization agreement with Mexico would have a negligible long-range cost to Social Security. The Social Security Administration estimated that costs to the U.S. Social Security system would average about 0 million per year over the first five years. In 2003 the Government Accountability Office evaluated that cost estimate and sharply criticized it, saying that "the cost of such an agreement is highly uncertain." The GAO reported that SSA's estimate failed to account for the large number of Mexicans who are or have worked in this country without legal authorization..retirement age than at age 6Delay even more and it will be boosted by the.On Thursday, more than ninety new lawmakers were sworn into office and members of the 113th Congress assembled for the first time. The House of Representatives gained eighty-two new lawmakers forty-seven Democrats and thirty-five Republicans and the Senate gained twelve newly elected lawmakers eight Democrats, three Republicans, and one Independent..The Senior Citizens League is opposed to the payroll tax cuts. To learn more visit..You need skilled nursing services, and/or skilled therapy care on an intermittent basis..TSCL believes that legislative changes that would switch to the chained CPI and cut COLAs will be a key feature of deficit reduction talks and plans that become public after the November elections. You can help! Sign TSCL's Social Security Fairness Petition online or call to have a petition mailed to you..To maximize your deductions, plan to take a quiet moment to organize your health expense paper work and get up to speed on allowable medical expenses. Even the most compulsive record-keeper can miss some. Remember that any unreimbursed premiums you pay for Part A, Part B, Medicare Advantage Plans, Medigap and Part D plans are deductible. In addition, here are a few of the commonly missed deductions, but be sure to talk to a professional tax preparer or financial advisor to check the availability of any possible deductions for you:.Let me be clear: I value genuine research and development, I believe drug companies should be able to make reasonable profits, and I understand that investors expect reasonable returns. I also believe, however, that it is Congress' job to ensure that Americans do not have to live with the fear that they will go bankrupt if they get sick. That is why I introduced the Prescription Drug Affordability Act of 2015 with Senator Bernie Sanders last year. This bill is a bold and comprehensive approach to reducing prescription drug prices in the United States. It empowers the Secretary of Health and Human Services to negotiate drug prices under the Medicare Part D prescription drug program; it enhances transparency, encourages competition, and brings much needed accountability to the pharmaceutical industry..Low inflation is often blamed on the economic recession and slow recovery, but there are other factors. Unbeknownst to most of the public, the federal government has quietly made numerous changes to the methodology used for the nation's inflation measurement - the consumer price index. Politicians claim the changes make the CPI more accurate, but virtually all of the changes since the 1980's have lowered the measured rate of inflation and reduced the growth of Social Security benefits.

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As things are scheduled for now, the Senate will return to the Capitol on Sept. In the meantime, it will be in a "pro-forma session." That happens in the Senate at a time during which no legislative business is conducted. The sessions are held to satisfy a provision of the Constitution that prohibits either chamber from adjourning for more than three days without the permission of the other chamber. When the House or Senate recesses or adjourns for more than three days, both chambers adopt concurrent resolutions providing for the recess or adjournment..According to a new survey by The Senior Citizens League, premiums for Medicare supplemental insurance, known as Medigap, grew more than twice as fast as Social Security cost of living -adjustments in the past year. About 41 percent of survey participants who are covered by a Medigap policy report robust premium increases in the past 12 months of at least 6 percent or more, particularly for individuals who were covered by a policy for more than two years. "The Social Security COLA for 2019 is 2.8 percent, far lower than the rate that Medigap policies appear to be growing," says Mary Johnson, a Social Security and Medicare policy analyst for The Senior Citizens League..New TSCL Poll Should Medicare Be Changed? … Continued

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When the Social Security Administration receives wage reports from employers with Social Security numbers and names that don't match those on file, the reports go into an Earnings Suspense File until they can be reconciled with the rightful owner -- which can occur years later when an application for benefits is received. Over the past ten years for which data is available the Social Security Administration has received, on average, more than 9.5 million suspicious wage reports annually representing more than billion per year in wages. "And it's the wages that are used to determine benefits, not the amount of taxes paid in," Hyland notes..Senator Richard Blumenthal introduced S. 269 on January 30, 201It has since been referred to the Committee on Finance..The bill would provide critical savings to millions of older taxpayers with modest incomes below the new threshold amounts. But, as frequently can happen when legislation is under deliberation, progress on the bill was recently put on hold. Lawmakers are considering how the revenues to the Social Security and Medicare Trust Fund would be allocated, and from where replacement revenues lost due to the tax cut would come. … Continued

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