Why did Dad get a bill for ,944 after his recent hospitalization due to COVID-19? I thought emergency legislation required coronavirus care to be covered by Medicare. Dad is enrolled in a large Medicare Advantage plan..Petition to Congress: A Fair Cost of Living Adjustment for Social Security Benefits.Congress has reallocated payroll taxes at least 9 times in the past to temporarily avert trust fund financing crises, according to the Congressional Research Service. "Doing so now would be much more difficult, because the retirement program is in cash deficit, and the government is borrowing money to cover retirement and survivor benefits," Cates points out. "Reallocation from the retirement trust fund would mean the government would have to borrow more, a recipe for more explosive debt limit show downs in coming months," he says. "The situation could put all Social Security benefits, including retirement and survivors benefits, at risk of cuts in debt limit negotiations," Cates explains..According to a report from the Senate Special Committee on Aging released this year, older Americans lose approximately billion each year to financial scams and abuse. It's appalling. It's offensive. It's unacceptable. And I'm working to do something about it..Hospitals, which are often the biggest employers in their localities, or even their states, have furloughed workers, and the industry lost an estimated billion a month in foregone surgeries and procedures during the worst part of the pandemic. Hospitals rely on elective surgeries for a major portion of their revenue, because Medicare and private insurers tend to pay more for those procedures than other types of hospital care. Hospitals say they also have lost money in treating COVID-19, because of the amount of intensive care that patients need..Typically, working adults age 65 and older can delay enrolling in Medicare without penalty, if they continue to receive group health insurance through their employer. The employer, however, must have more than 20 or more employees. Employers with fewer than 20, fall under Medicare primary payer rules. Under current law, Medicare is the primary payer at age 65 and if you don't sign up by your Initial Enrollment deadline, your former insurance will no longer cover you, because by law, Medicare pays first. In addition, you would be subject to permanent late enrollment penalties for the rest of your life when you do get around to signing up for Medicare..Medicare fraud, abuse, and wasteful spending are problems that continue to affect all Americans. Attorney General Eric Holder estimates that fraudulent Medicare activities cost taxpayers an estimated billion a year. The staggering figure has contributed to rising costs that are passed on to beneficiaries. Lawmakers and administrators are seeking alternative measures to reign in Medicare's out-of-control costs to seniors..Under the new policy, illegal immigrants younger than 30 years old, who came to the United States before the age of 16, will be allowed to remain in the country without risk of deportation and to get work permits if they have been law-abiding and meet certain requirements. Although the policy does not grant legal status, work authorization would provide access to Social Security numbers..In the meantime, The Senior Citizens League supports legislation that would boost Social Security benefits and tie the annual COLA to an index that better reflects the expenditures of retirees, such as the Consumer Price Index for the Elderly. To learn more visit.

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It's about time. At the time of its passage, the Affordable Care Act, was labeled a "Medicare" tax and sold to the public that way. Now it is needed by the Medicare Part A Hospital Insurance Trust Fund. Part A is less than five years from insolvency and faces an estimated 5 billion funding gap over the next ten years. The Joint Committee on Taxation estimates that this tax will raise approximately .5 billion in revenue in 2021 alone..The benefit that you are entitled to receive on your own work record is less than the benefit you would receive on your ex-spouse's work record..The 12-member bi-partisan panel failed to compromise after a nearly three-month effort. Ultimately, the committee couldn't come to terms with a common ideology of taxation and spending by the November 23rd deadline. "Despite our inability to bridge the committee's significant differences, we end this process united in our belief that the nation's fiscal crisis must be addressed and that we cannot leave it for the next generation to solve," Senator Patty Murray and Representative Jeb Hensarling acknowledged in a joint written statement. … Continued

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Hospitals, which are often the biggest employers in their localities, or even their states, have furloughed workers, and the industry lost an estimated billion a month in foregone surgeries and procedures during the worst part of the pandemic. Hospitals rely on elective surgeries for a major portion of their revenue, because Medicare and private insurers tend to pay more for those procedures than other types of hospital care. Hospitals say they also have lost money in treating COVID-19, because of the amount of intensive care that patients need..The chances are high that the next president of the United States will sign into law legislation that reforms the Social Security program and extends the solvency of the trust fund beyond 2034, its projected year of exhaustion. For years leaders in Washington have been authoring sweeping plans that would enact major benefit cuts like reduced cost-of-living adjustments or increased eligibility ages in order to strengthen the financing of the program. But the unpopularity of those plans with voters ensured those plans never went anywhere..The Social Security taxable maximum is tied to the wage index, but according to the Congressional Budget Office, the limit on the amount of wages that can be taxed has not kept up with the growth of wages of the most highly paid workers. Because wages for high - income earners are growing faster than for other workers, the taxable share of the nation's earnings subject to Social Security payroll taxes is falling - from 90 percent in 1983 to 82 percent in 201The trend is forecast to continue, with the CBO projecting the share of earnings subject to payroll taxation to drop to below 78 percent by 2026. … Continued

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