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Avoid Falling for this Scam:.How much will the New Year's 1.5% cost-of-living adjustment increase your Social Security benefits? How much did your household budget increase over the past 12 months? Your response is important because the only thing standing between seniors and COLA cuts right now is public pressure on Congress and the White House. Major budget negotiations are underway as the nation faces another government shut-down on January 15th, hitting the debt limit again the first week in February. Members of Congress need to hear how their actions would impact real people like you..In a letter to Congressman Jones, Ed Cates TSCL's Chairman wrote: "The Senior Citizens League lends its enthusiastic support and the support of its membership to the Social Security Guarantee Act … We salute you for introducing legislation that would make the Social Security program more fair and reliable, and we look forward to informing our members and supporters about your efforts.".doctor decide if you qualify or one that requires that a person be unable to perform two activities of daily living. Some require more. Look for coverage.TSCL survey participants are strongly supportive of legislative proposals that would modestly boost Social Security benefits, with 78 percent supporting the proposal. In addition the survey found that 86 percent support boosting the COLA by tying the annual COLA to the Consumer Price Index for the Elderly, which would tend to provide a modestly higher COLA in most years.."Auxiliary Beneficiaries Who Do Not Have Their Own Social Security Number," Social Security Administration Office of the Inspector General, September 2014, A-01-14-14036..The blueprint also lays out some modifications to the Social Security program. It would close the Disability Insurance trust fund's shortfall by transferring funds from the Old Age and Survivor's Insurance trust fund over a period of five years. TSCL's members and supporters overwhelmingly oppose the transfer of funds from one trust fund to another since it would put the OASI trust fund on worse financial footing. However, we were pleased to see that President Obama did not include the adoption of the "chained" CPI in his budget blueprint as he did two years ago..Here's how it works: Because you are under your full retirement age in 2021, you are subject to Social Security's earnings restriction rules. The Social Security Administration will deduct from your benefits for every you earn above the annual exempted amount, which is ,960 in 2021..Social Security benefits are one of the few types of retirement income to be automatically adjusted annually for inflation. In 2020, more than 61 million Social Security recipients received a 1.6 percent annual COLA, which raised the average ,460 benefit by .40 per month.

Minnesota Priest Pushes Covid19 Conspiracies During Homily Warns Against Vaccines

Medicare - age adults 65 and up, and those who are residents of nursing homes are at especially high risk of complications and death from the COVID-19 coronavirus. About 90 percent of the participants of the new survey, which was conducted online during June and July, are Medicare beneficiaries. Survey response indicates support for strengthening program funding versus no change, or prioritizing healthcare delivery through private insurance plans over traditional Medicare. Only 23 percent of survey participants think that priority should be placed on private insurance plans in order to reduce reliance on federal spending and the need to raise taxes, and just 21 percent think the current level of spending is "about right because we could not have anticipated the scope of the coronavirus pandemic.".Medicare Part B premiums are forecast to soar an astonishing 22.3% for an estimated 16 million Medicare beneficiaries in 2017 - the biggest such jump in nearly three decades. The anticipated spike in monthly premiums, from 1.80 to an estimated 9.00 per month in 2017, is primarily due to the effects of an extremely low inflation that's expected to hit retirees again next year. Medicare Trustees believe that the annual Social Security cost-of-living adjustment for 2017 will be insufficient to cover the amount of the Medicare Part B premium increase for the majority of Medicare beneficiaries. That would trigger a special "hold harmless" provision of law..This week, the fall recess continued for lawmakers in the House and Senate who are campaigning for the upcoming elections. … Continued

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With regard to your specific concerns on Social Security COLAs, as you are fully aware, after a person becomes entitled to receive Social Security benefits, his or her monthly benefit was designed to increase annually to maintain purchasing power over time. The amount of the COLA is based on inflation as measured by the Consumer Price Index. If the CPI rises, Social Security benefits for the next year increase proportionately. If the CPI falls, Social Security benefits stay the same. Like you, I too have long been critical of this formula that measures the level of inflation in our economy because older Americans have different needs than the "typical" American. In addition, the current CPI fails to adequately reflect the fact that seniors rely more on medical goods and services, which have a much higher inflation rate..On the other hand, the standard deduction for 2020 has increased slightly and is ,800 for married couples filing jointly. In addition, if both you and your spouse are age 65 and older you add an extra ,300 to the standard deduction for a total standard deduction ,100. That means your total itemized deductions will need to be higher than ,100..People who are 65 years and older also should be up to date with pneumococcal vaccination to protect against pneumococcal disease, such as pneumonia, meningitis, and bloodstream infections. Talk to your health care provider to find out which pneumococcal vaccines are recommended for you. … Continued