The problem is that most retired individuals don't have 0,000 to set aside just for healthcare. According to the Employees Benefit Research Institute, the average person in their 60s who has contributed to a 401 for more than 30 years only has about 5,000 for all retirement expenses. But that's just counting the people who do have retirement accounts - and millions do not. According to the U.S. Government Accountability Office, 60% of all U.S. households have no retirement savings at all.."8 Lawmakers Arrested At Immigration Rally," Seung Min Kim, Politico, October 8, 201"House Republicans Still Drafting Several More Immigration Bills," David Harrison, CQ Roll Call, October 23, 2013..The BPC released its own estimate of the impacts of a coronavirus recession on Social Security, projecting that it would accelerate the depletion of the trust fund from 2035 to 202Without any changes, a depletion of the Social Security trust fund would trigger program wide benefit cuts of 23%, as benefits adjust to the level of revenues still received by the program..A third order seeks to lower insulin costs and the fourth order would require Medicare to purchase drugs at the same price that other countries pay..But the hyper - inflation of 2021also means that Social Security recipients are likely to see the highest cost-of-living adjustment in almost four decades. Johnson estimates that the Social Security COLA payable in 2022 will be about 6.2 percent if the current trends continue. "That's a huge boost, coming after COLAs have averaged a meager 1.4 percent over the past 12 years," Johnson notes..My Medigap premium is more than 0 per month. I'm paying 4.60 for Medicare Part B and per month for a Part D plan. I've learned there's a Medicare Advantage plan in my area that only charges a premium of a month, and that includes Part D and some vision benefits. I'm 7Is it a good idea to try Medicare Advantage?.While your Members of Congress are in their home states and districts, it is the perfect time to approach them at local events and request their support for a fair Social Security cost-of-living adjustment and other key issues..That said, roughly 30 percent of beneficiaries are not protected by the provision, and they can be subject to substantial spikes in the Part B premiums. In the past, the costs of the unpaid portion of Medicare Part B premiums of those who were protected by hold harmless were shifted to those who were not protected by the provision. Because fewer people were covering the costs Medicare Part B premiums, increases were significantly higher than usual.."Like health care legislation to repeal and replace Obamacare, Social Security and Medicare reform proposals could become the center of a nasty political tug-of-war," Johnson says. TSCL works to protect retirement security and to promote better adequacy of both Social Security and Medicare benefits. To learn more, visit.

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It would: require Medicare to negotiate lower Part D drug prices, allow individuals to import prescription drugs from Canada, require greater price transparency from drug manufacturers, accelerate the closing of the Part D "doughnut hole," restore drug rebates for low-income seniors, and put a 0 monthly cap on prescription drug spending for individuals. Together, these changes would dramatically reduce drug costs for Medicare beneficiaries. In the coming months, TSCL will continue to work towards its passage in Congress..When the Senate does return on Sept. 8 the first thing on its agenda will be to continue confirmation hearings on President Trump's nominations of judges to the federal judiciary. But the Senate has yet to pass one funding bill for the federal government for FY 2021 which begins Oct. 1..Low-income "dual-eligibles" - Medicare beneficiaries whose incomes are so low that they are also eligible for Medicaid. Part B premiums are paid on their behalf by state Medicaid programs. … Continued

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Medicare costs take a significant portion of retirees' Social Security benefits. A survey conducted by The Senior Citizens League found that more than 51 percent of survey participants report spending at least 6 per month on total healthcare costs and more than one in- five spend ,000 or more per month..President Trump recently signed an executive order intended to change Medicare by expanding the role of Medicare Advantage - the private insurance alternative to Medicare. Medicare Advantage plans have been growing in popularity in recent years enrolling about one third of the nation's 61 million Medicare enrollees..Congress May Consider Ending Two Provisions That Reduce Social Security Benefits of Public Employees … Continued

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