Before 2020 came to an end, a new forecast from the Congressional Budget Office confirmed that Medicare's Part A Hospital Insurance trust fund is running out of money two years earlier than previously expected. The CBO's forecast indicates that there will be insufficient funds to cover all Part A benefits beginning in 2024 - less than 3 years from now..Daily exercise: According to a growing volume of scientific research, one of the biggest factors in protecting your brain from the effects of aging is the amount of exercise you get every day. Exercise helps reduce insulin resistance, reduce inflammation and stimulates chemicals in the brain that affect not only the health of brain cells but the abundance and survival of new brain cells. It also helps you sleep which can reduce memory problems. You don't have to sign up for gym membership. The standard recommendation often is about one half-hour of exercise daily that gets your heart pumping, or about 150 minutes a week. In addition to walking, riding a stationary bicycle or the treadmill, "exercise" can include things like dancing, gardening, raking leaves, mopping floors vigorously and climbing stairs..If adopted, H.R. 860 would strengthen and reform the Social Security program by providing beneficiaries with a 2 percent benefit boost, basing cost-of-living adjustments on the CPI-E, creating a new minimum benefit set at 125 percent of the poverty line, and cutting taxes for beneficiaries. It would also apply the payroll tax to income over 0,000 and gradually increase the payroll tax rate to 7.4 percent..These three-decade-old policies have been proven to be harmful and unhelpful, which is why I introduced H.R. 141, the Social Security Fairness Act of 2019, which will eliminate these counterproductive policies. Nationwide, nearly 1.5 million people are affected by the WEP, meaning those who receive a public pension from a job not covered by Social Security see those benefits reduced. For example, a teacher who spends his or her summers working a second job, or a first responder who leaves the force after years of service, but is not ready to retire, can see their benefits reduced by as much as 40 percent..TSCL believes that Medicare healthcare costs already cause many beneficiaries to shoulder a heavy financial burden in retirement. Cutting Medicare benefits, while shifting more costs to beneficiaries, would be the wrong way to strengthen program financing..A common debate is re-emerging this year over Social Security's "deficit, " as the federal borrowing limit looms. The debt limit, which was suspended since late 2015, was re-instated on March 16th. That debt limit sets the money the Treasury can borrow to pay for federal obligations, including money owed to the Social Security Trust Fund..Congressional Research Service May 24, 1999.But not all beneficiaries are protected by the hold harmless provision. The provision covers about three-quarters of beneficiaries who would not see any change in their basic Part B premiums in 2010, according to the Actuary for the Centers for Medicare and Medicaid Services. But one quarter of beneficiaries would face reductions to their monthly Social Security checks as money is deducted to cover the increased Part B premium costs. And although the "hold harmless" provision provides protection from the rising Part B premiums, that provision of law does not apply at all to Part D drug coverage or Part C Medicare Advantage plan premiums. If a person's Part D or Medicare Advantage plan premium goes up, he or she would have less Social Security to live on in 20An emergency COLA, however would offset those costs and prevent those reductions..annual "wellness" exam and you pay nothing, if your doctor "accepts assignment"

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About 28% of all Medicare beneficiaries are enrolled in Medicare Advantage Plans. United Health Care, the largest Medicare Advantage insurer in the nation, recently dramatically cut the number of doctors in its plans this year. TSCL remains highly concerned that more plans will follow suit next year as successive cuts kick in..It's hard to know because no official government estimates seem to exist. Just how do illegal workers wind up on Social Security rolls? In order to get jobs they often provide employers with invalid, fake, or even stolen Social Security numbers. Employers withhold payroll taxes as required by law and wage reports are sent in to the Social Security Administration. If the name and Social Security number reported by employers doesn't match those in the SSA's records, the "mismatched reports are placed in an "Earnings Suspense File..The President's order halts the collection of Payroll taxes from Sept. 1 through the end of the year. In addition, he instructed the Treasury Department to look into how the government can forgive the deferred tax payment permanently because as things stand right now the taxes must be repaid after the first of the year. … Continued

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When it comes to strengthening Social Security's finances, Members of Congress only have two choices - to cut spending on benefits, or increase program revenues. Typically in the past, the focus has been on proposals that would cut benefits rather than raising revenues. Proponents of cuts argue that benefits must be cut because Social Security is insolvent as currently structured. They point to the fact that there are fewer workers to provide payroll tax revenues for swelling number of retirees..computer, or running a successful business..What can I do? … Continued

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