Blog House Passes Concealed Carry Reciprocity ActAn excessively low COLA triggers an important provision of law that ensures an individual's net Social Security benefit will not decrease from one year to the next because of an increase in the Part B premium. That's valuable protection. But when the provision is triggered there's no law which specifies how the unpaid portion of Medicare Part B premium increases will be financed..Alexandria, VA Seniors got a modest 3.6% boost in their Social Security benefit this year. But whether it's making a difference in the bank balances of the more than 39.5 million seniors aged 65 and older who get Medicare is another story. The Senior Citizens League, one of the nation's largest nonpartisan seniors groups, is hoping to learn the answer to this question. TSCL recently launched its annual "Senior Survey" to find out how rising Medicare and other costs are impacting seniors' incomes and.I'm confused about the new health insurance requirements under Obamacare. When does it start and how does it affect seniors? I'm 62 and still working. I don't have insurance. My husband is 65 and started Medicare a few months ago. … Continued
Blog Scotus To Decide Whether Private Party May Exercise Eminent Domain Over State LandEditor's note: We regret the passing of Representative Elijah E. Cummings, who died October 17, 201He will be remembered for many things, including his stand on cutting high healthcare costs for American families..The Senior Citizens League supports legislation The Social Security 2100 Act, H.R. 1391, introduced by Representative John Larson, that would adjust the income thresholds to ,000 for single filers and 0,000 for joint filers, and replace it with other sources of revenue..For every 0 a retired household spent in 2000, that household can only buy about worth of the same goods and services today. For example, in 2000, the average annual cost of homeowners' insurance was 8 per year. In 2020 however, the average cost is ,518.97, an increase of 174 percent over the period. In 2000, the average Social Security benefit was 6 per month. A retiree with 6 could pay their entire annual homeowners insurance bill and still have money left over. By 2020, however, COLAs increased the 6.00 benefit to just ,246.20. Households with a benefit of ,246.20 must make insurance payments over several months, dig deeper into savings, or borrow to cover the cost of their policy. … Continued