Start watching the mail for your new Medicare card. The Center for Medicare and Medicaid Services will start mailing the cards this month and plans to replace all existing Medicare cards over the next year - by April of 2019..that your health insurance is taking a big portion of your Social Security,."Social Security Administration Actuarial Score," HR. 1314, Stephen Goss, Social Security Administration Office of the Actuary, October 27, 201"Time To Close A Social Security Loophole?" Alicia H. Munnell, Market Watch, March 19, 2014..What other ways would I be affected by this Chained COLA?.At age 62, Susan Gross of Barboursville, Virginia, is nearing retirement age, but has no plans to stop working yet. High prescription costs and the need to provide care for a disabled adult son and her 90 - year old mother are other major reasons. With her rheumatoid arthritis medication, Humira, costing ,900 a month, both Susan and her husband continue to work full time. Susan is dependent on the health insurance coverage available through her husband's employer to help her afford her medications..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..It's hard to plan your optimal retirement age without a realistic idea of what to expect in lifetime Social Security income. Yet, according TSCL's 2017 Senior Survey, 71% of survey participants said that's exactly the situation they were in when they filed a claim for Social Security benefits. They did not know, and Social Security did not supply any estimate of what they could expect in total lifetime Social Security income based on their choice of retirement age..Americans everywhere agree: Social Security is not an entitlement; it is a benefit that seniors earn through decades of work. According to the Social Security Administration, approximately 65 million Americans received Social Security benefits in 2020 and of those 65 million, 72 percent were retired workers and dependents..One of the Biggest Financial Mistakes You Can Make In Retirement

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Fifty six percent of older adults think we need to invest more in Medicare in order to respond more quickly and effectively to a healthcare crisis like COVID-19, according to a new survey by The Senior Citizens League. "Boosting funding for Medicare is one of the most important issues for older voters this year," says Mary Johnson, a Medicare, and Social Security policy analyst for The Senior Citizens League..You can contribute to more than one IRA. It's possible to have a traditional IRA, one or more 401s and a Roth IRA or Roth 40You can contribute to as many as you want but the total you may contribute is limited to a maximum amount that is adjusted annually and the type of account..For more progress updates or for more information about these issues, and other bills that would strengthen the Social Security program and make improvements to Medicare, visit the Bill Tracking section of our website or follow TSCL on Twitter. … Continued

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Retirees frequently say that their annual cost-of-living adjustment does not adequately keep pace with rising costs. To learn if this is the case, this study, now in its eleventh year, looks at 40 expenditures that are typical for people age 65 and up, comparing the growth in the prices of those goods and services, to the growth in COLAs..Your wife's survivors benefit would not be reduced and she would receive the ,842 you would have received had your benefits not been reduced due to the WEP. For more information on survivors benefits, visit. Learn more about the Windfall Elimination Provision here. If you receive a pension for work not covered by Social Security, learn how your spouse or survivors benefits may be affected by the Government Pension Offset here..Senator Bernie Sanders introduced S. 99 on January 10, 201It has since been referred to the Committee on Finance. … Continued

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