COLA cuts: The White House proposes switching to the more slowly - growing measure of inflation, the chained consumer price index, to calculate annual COLAs. The proposal has bipartisan support in Congress. According to the Congressional Budget Office, it would cut spending on Social Security about 7 billion over the next ten years and bring in roughly 4 billion in higher taxes. To learn how the proposal would impact your benefits, try TSCL's Chained COLA calculator..To learn more and to participate in TSCL surveys and polls, visit..The Social Security Act requires the President to submit to Congress the text of totalization agreements and a report that includes the estimated number of individuals who would be affected and the estimated financial impact of the agreement on Social Security. Nevertheless the documents released to TSCL in December of 2006 supplied only an incomplete five-year cost estimate..However, a rift has developed among Democrats in the House of Representatives. Those who want to empower the government to demand lower prices from drug makers are concerned that moderates in their party are now emboldened to blunt their ambitious drug-pricing agenda..Congressman John Garamendi, the sponsor of the bipartisan CPI-E Act, recently said: "Using a Consumer Price Index that actually reflects how retirees spend their money especially in health care is a no-brainer that will increase benefits and make Social Security work better for the people it serves.".Long-term care insurance, however, has its shortcomings. It's.The letter and the fact sheet leave out the most important part of the calculation - the additional lifetime income that one could expect to receive over a 20 30 year retirement, if one delays benefits up to age 70. That can add up to tens of thousands of dollars if you are in reasonably good health. In fact, Social Security's publications tend to imply that people get about the same amount of benefits if they start benefits early because they receive the reduced benefit over a longer period of time. That isn't necessarily the case..Despite the coronavirus emergency, The Senior Citizens League is continuing its fight for you to protect your Social Security, Medicare, and Medicaid benefits. We've had to make some adjustments in the way we carry on our work, but we have not, and will not stop our work on your behalf..On Wednesday, the Ways and Means Social Security Subcommittee held a hearing titled "Lacking a Leader: Challenges Facing the SSA after over Five Years of Acting Commissioners." The Social Security Administration has been without a Senate-confirmed commissioner for over five years, which means it has not had a leader with the legal authority to make long-term decisions for the future of the agency.

Nourish Clean Eating

TSCL is working with Members of Congress for the "Guaranteed 3% COLA for Seniors Act, introduced by Representative Eliot Engel. The bill directs the Bureau of Labor Statistics to prepare and publish a monthly CPI-E and uses it to calculate the annual Social Security COLA. And in the case when inflation is low, the bill would provide an annual COLA of at least 3%..Without changes to the current law, disabled beneficiaries face cuts of about 20%[i] by 201"The Senior Citizens League is calling on Congress to put forth its plan to ensure that the disability program can continue to pay promised," states TSCL Chairman Ed Cates..This order is not only vehemently opposed by the pharmaceutical industry but also by many conservative groups that have otherwise been supportive of Trump during his time in office. … Continued

Cost Sharing Requirements For Selected Medicaid Services For Section 1931 Parents January

If you are in for observation, Medicare considers you an outpatient, and your services are covered under Medicare Part B. Generally, this means you will have a co-payment for each individual outpatient service. In some cases, your total copayments for all services may even be more than the inpatient hospital deductible. In addition, most of the prescription drugs you get in an outpatient setting aren't covered by Part B and you would need to check with your drug plan to find out whether the drugs would be covered..Lawmakers Remain in Recess.Those people include Barbara B. - a retired home healthcare aide who lives in the Indianapolis area. "We're due for the increase," she says. But rising Part B premiums will likely take her entire COLA, leaving her with no increase at all in her net operating Social Security benefit again in 2018. … Continued

Contact Atavista Farm Today!