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But in the meantime, beware of scams and identity theft attempts. Scammers are taking advantage of the confusion created by the transition, and reports of Medicare card scams are rampant. The two most important things to know: Medicare will not call or contact you for "information about your account," and the new card will not cost you anything..About 4 million people who turn age 61 this year are in for a deep hit to their Social Security benefits when they retire. The initial retirement benefits of these individuals may be permanently reduced by about 9.1%, according to an estimate by Social Security's Chief Actuary. Without quick remedial action from Congress, the retirement benefits of people born in 1960 would be lower than the benefits of people with identical earnings and retirement histories who were born just one year prior to them. This is due to a flaw in the Social Security benefit formula..Again, thank you for participating in the legislative process by signing the petition. It is my hope that you will continue to keep me apprised of your interest in issues important to you as my colleagues and I continue our work during this 113th Congress.Seniors like your husband who are 65 and older, and enrolled in Medicare, are not affected by the new health insurance coverage requirements that become effective January 1, 201But big changes are coming to health insurance coverage for about 62 million seniors age 50 through 64 who are not yet enrolled in Medicare..Note any other relevant information and then hang up..TSCL Releases 2018 Loss of Buying Power Study.low - income Medicare beneficiaries whose Part B is paid for by state Medicaid programs, and,.On Tuesday, the Social Security Administration announced that beneficiaries will receive a 0.3 percent cost-of-living adjustment in January the lowest Social Security COLA ever paid. It will increase the average monthly benefit by just around five dollars, and it is likely to be offset completely by increased Medicare Part B premiums..Social Security remains strong and solvent, but only for the next 17 years. After that, it faces a shortfall, only able to pay 75 percent of its promised benefits. Rather than breaking our promise to our seniors, and forcing retirees to shoulder benefit cuts that some have proposed across the board cuts, inadequate cost of living adjustments, and privatization Congress should instead work together to keep America's word and strengthen Social Security.