For information about town hall meetings near you in the days ahead, call the local offices of your elected officials. For contact information, click HERE..In addition to rapidly growing Medigap premiums, retirees also must pay for premiums for Medicare Part B and their drug plans. The combination takes a bigger bite out of Social Security benefits and other retirement resources when COLAs fail to keep pace. "The financial drain on benefits is difficult to anticipate, and many retirees don't have adequate savings to begin with," Johnson says..Instead of the sweeping legislation supported by the House Democratic leadership they have indicated supported for more modest measures that already have some Republican support. Those include things like capping Medicare enrollees' out-of-pocket drug costs..At 2.8%, the annual cost-of-living adjustment that Social Security beneficiaries received in 2019 was the highest in seven years. The average monthly retiree benefit of ,425 increased by almost , but since October of last year, consumer price index data indicate that growth in inflation has stalled. In fact, if the current trend continues, it suggests the COLA payable in 2020 could be zero, according to projections by Advisor editor, and COLA researcher, Mary Johnson..The debate over cutting entitlement spending, however, isn't new. For years, proposals to cut Social Security and Medicare benefits have been put forth from both sides of the aisle. Consider:.Medicaid, the state and federal program that provides healthcare for low-income Americans, is undergoing a massive expansion with the start of the Affordable Care Act. The fairness of that expansion for seniors is drawing closer scrutiny from TSCL..However, because Democratic control of Congress is so narrow, especially in the Senate but also in the House, the chances of passing anything this year remain uncertain, at best. Democrats are divided in what they want to accomplish so coming up with a majority in the House has been a struggle. Without complete Democratic unity in the Senate nothing can pass there..THREE PROPOSALS WE OPPOSE:.TSCL believes that legislative changes that would switch to the chained CPI and cut COLAs will be a key feature of deficit reduction talks and plans that become public after the November elections. You can help! Sign TSCL's Social Security Fairness Petition online or call to have a petition mailed to you.

2019 Cfo Of The Year Richard Magnuson Health

Now, when the husband receives his valid Social Security number, he has already worked 12 years and would be eligible to file a claim for Social Security benefits in the future. If he kept copies of the W2s with the phony number, he can file a claim for retirement benefits as early as age 62, or disability benefits sooner, if he meets the medical and other criteria. At 65, or two years after becoming disabled, he would also qualify for Medicare. In addition to a retirement or disability benefit of his own, his spouse, his ex-wife, and children may also become entitled to benefits on his account as well..TSCL is pleased that lawmakers in Congress are finally making progress on a solution that would give public servants the retirement security they have earned and deserve. The bill currently has more than sixty cosponsors, with support on both sides of the aisle. Following the hearing, TSCL sent a letter to the subcommittee in support of it. In the months ahead, we will encourage lawmakers to sign on to the Equal Treatment of Public Servants Act as cosponsors, and we hope to see it signed into law before the end of this year..Social and recreational activities … Continued

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However, right now there is no guarantee Republicans would do that, and instead, it is probable they would blame the Medicare cuts on the Democrats..The Supreme Court has agreed to hear another Obamacare challenge in February or March. The outcome could have enormous financial impact on millions of people who purchased their health insurance through, the online federal health insurance exchange..To qualify, you must meet your state's income and asset limits. The information listed below show the 2019 baseline gross monthly income and asset limits but, even if your income or assets are slightly higher, you should still apply because these limits are somewhat higher for 2020, and some states have different guidelines. … Continued

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