I recently read that if retirees got higher cost-of-living-adjustments some low-income people would lose eligibility for Medicaid, food stamps, and other benefits. Would using a senior consumer price index to determine the annual raise really do this?.That's why we endorsed legislation from Congressman Ted Deutch that would protect the earned benefits of older Americans, by exempting Social Security and Medicare from any requirements of a balanced budget amendment. The bill H.R. 5466 would go a long way in protecting the retirement security of older Americans against irresponsible measures like the one that was considered this year..On Thursday, the Supreme Court announced its 4-4 decision on a challenge to President Obama's immigration orders, which were released back in 2014 with the intent of halting the deportations of nearly 5 million undocumented immigrants. The split decision means the lower court's ruling is left in place, and the executive orders will not take effect..Accelerate retirement account distributions when you have excess deductions. If your standard deduction will exceed your taxable income this year, consider withdrawing a little more retirement funds if you will need them this year. Doing so when you have a low or even a zero tax rate will potentially help you avoid paying more in the future when your deductions are lower or taxes rates are higher..By Rick Delaney, Chairman of the Board.TSCL's Senior Survey also asks questions to learn how seniors think Congress should reduce the deficit. Should Congress focus on policies that create jobs, spending cuts, revenue increases, or a combination of approaches? Major reductions to Social Security benefits and proposals to make seniors pay a bigger share of their Medicare costs form the basis of the most widely - debated deficit reduction plans. "Experts in the know say it's not a matter of 'if' Medicare and Social Security will undergo major changes, but 'when'," Hyland notes. "But seniors' answers are important because older voters could decide the next election," Hyland says. TSCL will be sharing results of the 2012 Senior Survey in meetings with Members of Congress..Senate Minority Leader Harry Reid told reporters this week: "Seriously, I feel good about the omnibus, I think we make progress every day. We started with about 250 riders, our new buzzword for earmarks, and now we're down to as I understand it I haven't seen it about 100.".Every day, thousands of our neighbors and friends protect our cities, educate our students, and deliver vital services to our communities. While these selfless public servants have spent their lives giving back, our antiquated federal policies take away the benefits that these workers have rightly earned..The chairman of the House Energy and Commerce Committee, Frank Pallone, Jr. has been working with the top Republican on that committee, Greg Walden of Oregon, on what measures need to be included in the next coronavirus bill. Walden is pushing for a surprise billing measure to be in the bill, but Pallone has yet to commit to it.

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When an individual files a claim for benefits, the Social Security Administration searches its records for every wage report connected with that individual to determine entitlement. The search even includes earnings from jobs worked prior to legal authorization, under fake, invalid or stolen Social Security numbers if the applicant kept evidence of such earnings like pay stubs or W2s..Are benefit cuts inevitable when Social Security's financing runs low in a few years? Your participation in this November's presidential election will play a critical role in how this question will be answered..There are special rules that allow you to delay sign up for Medicare Part B when you receive healthcare benefits through work. You need to satisfy these three requirements: … Continued

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Despite known challenges ahead for seniors, the COLA may be the next victim of the fiscal cliff. Leading deficit reduction plans under discussion would significantly whittle the Social Security benefits that the majority of seniors count on for more than half of their income..This years study of retiree costs found that between January of 2000 and January of 2019, Social Security COLAs increased Social Security benefits by 50 percent, but the costs of goods and services purchased by typical retirees rose more than twice as fast - 100.3 percent. Food and medical costs - particularly for fresh fruits and vegetables, and prescription drugs - were among the most rapidly - rising costs over the past year. The study examines the growth since 2000 in price of goods and services that are typical for retired and disabled households, and, compares them to the growth in Social Security benefits due to annual COLAs..The Senior Citizens League enthusiastically supports the CARES Act and the Medicare Drug Price Negotiation Act, and we were pleased to see support grow for them this week. For more information about these and other bills that have been backed by The Senior Citizens League, visit the Bill Tracking section of our website. … Continued

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