When the Centers for Medicare and Medicaid Services establish the Part B premium for 2022, they could potentially factor in the expected costs for Aduhelm. Part B premiums were already on track to be higher. The Medicare Trustees recently estimated that Part B premiums would increase to 8.50 in 2022..Under the proposal by Congressman Paul Ryan, now Chairman of the House Budget Committee, and Alice Rivlin, a monetary and fiscal policy expert, Medicare would be changed from a system that pays per procedure, to one that would provide a fixed amount of money or voucher, to private health plans to provide coverage..The Senior Citizens League believes that the on-going Medicare cuts have weakened our ability to respond to national emergencies like COVID-1It has exacerbated a national healthcare worker shortage - including doctors and nurses, as well as the capacity of the nation's hospitals to deal with the sudden large influx of patients generated during the COVID-19 pandemic. Many hospitals, doctors' offices, and nursing homes have required additional federal and state assistance as well as donations from the public, to acquire personal protective equipment such as masks, gowns, and gloves..You can learn how the earnings test works and exempt amounts by year at:. You can check your earnings record online by setting up a "my Social Security" account. To contact Social Security by phone, call, or visit your local Social Security office..If you plan to cash out your home equity, it's important to have a very clear idea of how that money will be used and how it would benefit your retirement plan. For example, refinancing to do repairs and make improvements that add value and safety to your home benefit your retirement plan. Taking money out for a vacation or to support adult children doesn't offer any financial benefit to your retirement..First, the Social Security 2100 Act gained one new cosponsor in Representative Diana DeGette, bringing the cosponsor total to 17If signed into law, H.R. 1902 would strengthen Social Security benefits by make cost-of-living adjustments more adequate, increasing monthly benefits by 2%, creating a new Special Minimum Benefit equal to 125% of the poverty line, providing a tax cut to Social Security beneficiaries, applying the payroll tax to annual income over 0,000, and gradually increasing the payroll tax rate by 0.25%..There is a warm can of soda sitting on the window ledge..This is not a sustainable spending pattern for retired and disabled households. In recent years, Social Security recipients more typically reported that housing and medical expenses, not food, increased the fastest and were the two top cost concerns..In short, the Social Security disability trust fund would become insolvent by mid-2021 and the retirement trust fund would become permanently depleted by 2023, just two short years from now.

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On Thursday, the Ways and Means Committee held a long overdue hearing on the Social Security 2100 Act. The bill was introduced by Congressman John Larson in January of this year. A companion bill was introduced in the Senator by Senator Richard Blumenthal. If adopted these bills would strengthen and reform Social Security by providing beneficiaries with a 2 percent benefit increase, would base the cost-of-living on the CPI-E, create a new minimum benefit set 125 percent of the poverty line and cut taxes for beneficiaries. Increase costs to the program would be paid for my applying the payroll tax to income over 400,000 and gradually increase the payroll tax rate to 7.4 percent..Why is the action so controversial?.Beware of a nationwide utilitybill payment scam. Under the scam, a customer may be contacted in person, through fliers, social media or text messages. The scammers claim that President Obama will pay a person's utility bills through a new federal program. … Continued

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that your health insurance is taking a big portion of your Social Security,."Many food companies decrease the size of their containers, while keeping the same price," Joe said in his comments about price increases that he's observed. "Cost increases get masked when container sizes shrink." For example, after last year's hurricanes, a major orange shortage nationwide led to shrinking orange juice bottles. "Brands that originally sold in 64 oz containers, downsized to 59 oz and then to 52 oz - a 20 percent reduction in what our orange juice money buys today," Joe says..What numbers are those? … Continued

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