Rep. Elijah Cummings introduced H.R. 3513 on September 10, 201It has since been referred to the Committee on Energy and Commerce and to the Committee on Ways and Means..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..I was born May 10, 1960. Can you tell me my retirement age? I've read that the retirement age for Social Security is rising. How does this affect the amount that I receive in benefits? Can I still retire and receive benefits at age 62?.A majority of the 54 million senior and disabled Americans who receive Social Security depend on it for at least 50 percent of their total income, and one in three beneficiaries rely on it for 90 percent or more of their total income.."Medicare And The Federal Budget, Comparison of Medicare Provisions," Kaiser Family Foundation, March 2013..Someone calls or visits asking for your address or Social Security Number and reads incorrect information that they claim to have for you. This is the typical way in which scammers attempt to bait you into supplying information they want, which includes your address, email address, or Social Security number. Don't take the bait. Never give out your Social Security number to anyone who calls you on the phone or knocks on your door..The last time the Medicare Part A Trust Fund was forecast to become insolvent was in 200At the time, the Part A Trust Fund was forecast to become insolvent by 201Lucky for us that never happened - in 2017 at least. Congress enacted the 2010 Affordable Care Act which changed Medicare taxes in two ways. It added a 0.9% surtax to the amount of Medicare payroll taxes paid by high earning individuals with wages over 0,000. This was on top of the 1.45% that workers currently pay on their wages. A second provision affecting the more affluent, imposed a 3.8% tax on a portion of net investment income. Estates and trusts can also be subject to this tax..Because Medicare is such a crucial program, most members of Congress usually stumble over themselves to protect it. However, if the situation ever presents itself, they will use threats to Medicare to bash the other party..And it could be worse if inflation is lower and Medicare Part B premiums are higher. Due to a special provision of law known as the Social Security hold harmless provision, when the dollar amount of the Medicare Part B premium increase is greater than the dollar amount of an individual's COLA, the Medicare Part B premium is adjusted to prevent a reduction in Social Security benefits from December of the previous year. Those affected by hold harmless wind up with no growth in their net Social Security benefit after the deduction for Part B premiums. That leaves nothing extra left over to deal with other rising costs such as housing and drug costs.

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The House-Senate Conference Committee met multiple times this week for public negotiations, but little progress seems to have been made. The group of twenty must come to an agreement before the end of the month in order to: continue unemployment payments, block a Medicare doctor payment cut, and extend the Social Security payroll tax cut..We will all know if they were able to reach and agreement and get their job done by the end of this coming Friday. However, President Trump's position on this is not clear. While Treasury Secretary Mnuchin has been in on the discussions of the legislation the President has not said where he stands..month for a 30-day supply, and her drug plan did not cover it. Because she was … Continued

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Auxiliary beneficiaries who lack SSNs heighten the risk of improper payments and fraud. The OIG said that the Social Security Administration sometimes has trouble making timely terminations of benefit payments when the beneficiary without his or her own Social Security number dies. Making accurate payments, however, is complicated by the fact that 83% of auxiliary beneficiaries without an SSN identified in the OIG's audit reside outside the United States. In addition, more than 5,000 of the auxiliary beneficiaries are age 90 or older. In fact, the OIG audit uncovered three cases in which the Social Security Administration continued to improperly pay benefits long after the beneficiary had died..When Medicare solvency is under discussion, the focus is often placed on the Medicare Part A Trust Fund, which is primarily financed by payroll taxes. The last time Medicare Part A Trust Fund was forecast to become insolvent was in 200That year, the Medicare Trust Fund was forecast to become insolvent by 201In 2010, Congress enacted the Affordable Care Act which changed Medicare revenues in two ways. It added an additional payroll tax of 0.9% to the 1.45% of Medicare taxes paid by high earning individuals with wages over 0,000. A second provision affecting individuals with this level of income, imposed a new 3.8% tax on a portion of net investment income. Estates and trusts can also be subject to this tax..If signed into law, H.R. 3513 would take a number of steps to reduce the cost of prescription drugs, including requiring the Secretary of Health and Human Services to negotiate Part D drug prices, allowing the re-importation of drugs from Canada, closing the "doughnut hole" three years earlier than current law, and prohibiting "pay-for-delay" deals between drug manufacturers. … Continued

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