TSCL continues to work for the passage of Notch Reform legislation. Recently Representative Jo Ann Emerson, a stalwart Notch Reform advocate, re-introduced the Notch Baby Act of 201The legislation would provide additional benefit increases for Notch Baby beneficiaries who first became eligible for benefits, at age 62, from 1979 through 1988..This week, following a two-day markup, the House Budget Committee advanced a fiscal 2019 budget resolution that would dramatically impact Social Security, Medicare, and Medicaid if adopted. The "Budget for a Brighter American Future" includes trillion in spending cuts, and it would balance the budget in nine years..The Social Security Cost-Of-Living Adjustment is likely to be the first target for cuts. Most deficit plans in recent years propose tying the annual inflation boost to a more slowly - growing consumer price index known as the chained CPI. The new tax legislation, in fact, adopts the chained CPI to adjust tax brackets and the new expanded standard deduction. That will mean the standard deduction will grow more slowly than before and that people will wind up in higher tax brackets, or a greater portion of their income will be subject to tax, more quickly than before. For retirees, the chained CPI would mean lower COLAs, as well - if Congress extends the change to Social Security..[iv] Social Security Disability Insurance Trust Fund: Background and Solvency Issues, William R. Morton, November 20, 2013..However, waiting until your full retirement age qualifies you to receive 100% of the amount your ex-spouse received when he died. The amount you receive is based on your ex-spouse's basic benefit and depends on the age at which you file a claim. If you file for a survivor's benefit prior to your full retirement age, the amount of the survivors benefit you receive would be reduced, but your own retirement benefit would be delayed and continue to grow to its maximum until you reach age 70. You could switch if it is higher than your survivors benefits.."That simply isn't the case," says TSCL Chairman, Larry Hyland. TSCL conducts an annual survey of typical senior costs. "That data indicates that Social Security benefits have lost more than one-third of their buying power since 2000," Hyland says. "Changes that cut COLAs even further would make it that much harder for seniors and disabled beneficiaries to afford rising Medicare, energy, and other costs," he notes..Economic forecasts for 2013 warn of a financial crisis ahead. Nobody is feeling it more acutely than seniors living on fixed incomes. Retirees and disabled adults won't see much of a cost-of-living adjustment increase in benefits this year. At 1.7%, the 2013 is one of the lowest ever paid, not counting 2010 and 2011 when no COLA was payable at all. Timing couldn't be worse..Increase Social Security's minimum benefit so that workers who pay into Social Security for 30 years can retire at 62 or later and have benefits above the federal poverty line..benefits. If you're in a high-earning year, your earnings may help boost your

Health Conditions And Treatments Eat Healthy Salads Roasted Asparagus Strawberry Salad

Last week was a busy one in Congress. There are 3 reasons for that. First, the worsening of the coronavirus pandemic in many more states and the need to pass another major piece of legislation to deal with its effects..After more than a decade of failed attempts to repeal and replace the sustainable growth rate the flawed formula that sets payment rates for doctors who treat Medicare patients Congress has finally succeeded in passing legislation to do away with it once and for all. In April, lawmakers in both the House and the Senate adopted a bipartisan bill that will permanently repeal the SGR, provide doctors with modest 0.5 percent payment updates over the next five years, and incentivize payment models that reward the coordination of medical care..You may possibly qualify for a divorced spouse Social Security survivor's benefit that would be the same as what a widow would get, but you have a number of options that you need to carefully think through. If you receive survivors benefits as a divorced spouse now, you can switch to your own retirement benefit later if it is higher than your widow's benefit. … Continued

Late In Life Care Fragmentation And Complexity For The Chronically Ill

Trustees Release Annual Social Security and Medicare Reports.TSCL has long supported adding vision, dental and hearing benefits to Medicare, as well as supporting legislation to lower prescription drug prices. We are waiting to see what the final bills look like that come out of the House and Senate before we determine what kind of endorsement to give..In fact, the fastest growing cost for seniors Medicare Part B premiums is not accounted for at all in the CPI-W since young workers are not enrolled in the Medicare program. Since 2000, Medicare Part B premiums have increased by 195 percent and prescription drug spending has increased by 184 percent. However, COLAs have increased Social Security benefits by just 43 percent since 2000. … Continued

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