The Social Security Disability Insurance trust fund is projected to become depleted next year, in 201What do you feel should be done to restore this program's solvency?.According to STATnews, "Amid intensifying anger over the rising cost of medicines, a key piece of data has been missing from the debate - the actual prices after accounting for rebates and discounts offered by drug makers to payers. Now, a new analysis has come up with some numbers and the results are illuminating: Over a recent 11-year period, net prices for hundreds of drugs rose 60%, which was 3.5 times the inflation rate..Look for a flexible plan. Long term care policies can impose restrictions on how you qualify for benefits. Try to select one that lets your.Elizabeth Curda of the Government Accountability Office explained that the operating system for filing and processing these claims was built in the 1950s and requires .1 billion just to maintain, not to improve, the system. Max Stier from the Partnership for Public Service said: "We have a legacy government that hasn't kept up with the world.".The Social Security Administration adjusts the amount of your benefits based on what you estimate that you will earn. If you go back to work, let the Social Security Administration know right away. If other family members get benefits based on your work, your earnings may reduce their benefits too.."We do have vaccines and therapeutics coming down the pike," Osterholm said. "But when you actually look at the time period for that, the next six to 12 weeks are going to be the darkest of the entire pandemic.".The proposal to adopt the chained CPI for adjusting Social Security and other federal retirement benefits has been a central feature of nearly every major budget negotiation since 20The adoption of the chained CPI to calculate COLAs would not only permanently reduce Social Security benefits of more than 60 million beneficiaries, but would also increase taxes, because personal exemptions and tax brackets which are adjusted for inflation would rise more slowly..Your Social Security Retirement Toolkit: A Step-By-Step Guide to Getting the Money, Benefits & Financial Support You Are Entitled To, February 2017..On Monday, President Obama released his .066 trillion budget blueprint for fiscal 201His plan puts an end to the so-called "sequester" and increases spending for defense and discretionary programs by 7 percent. Upon releasing the blueprint, he said, "I'm not going to accept a budget that locks in sequestration going forward. It would be bad for our security and bad for our growth. I want to work with Congress to replace mindless austerity with smart investments."

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Reduce overpayments, fraud and abuse in the system - increase the frequency of continuing disability reviews. A recent audit found that the Social Security Administration had overpaid nearly half of the people receiving disability benefits over the past decade. Continuing disability reviews are conducted periodically to determine if disability recipients still remain eligible for benefits. According to the Social Security Advisory Board, every spent on reviews returns in savings to the program..How can we strengthen Social Security's financing structure? Take TSCL's 2020 Senior Survey and let us know what you think about some of the leading proposals and thank you for your participation..The hold-harmless provision was again triggered on a nation-wide basis in 2016, when the COLA was zero, and again in 2017, when it was just 0.03 percent. In the meantime the Part B premium rose to 4.00 per month. In 2018, the COLA finally boosted benefits by 2 percent, but even so, roughly half of all beneficiaries reported that the increase in Part B premiums offset their entire COLA this year. … Continued

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President Obama Releases Budget Blueprint.Members of Congress may lose an election but unlike other Americans, they never lose their retirement and health benefits. A Member of the House or Senate who retires at age 60 after just 12 years in office will receive a Congressional pension of ,000 a year and lifetime benefits that could total more than 0,000. That doesn't even include 401 benefits or their Social Security benefits -..Annual limits on out-of-pocket costs: Unlike Medigap supplements, MA plans have annual out-of-pocket limits, which can vary and rise annually. In 2016 the maximum annual out-of-pocket that plans can charge is ,700, so your costs would need to be that much before catastrophic coverage begins. On the other hand, the limit protects you in years when you have very high out-of-pocket costs. Medigap plans may have lifetime limits that you could potentially exceed as you get older and sicker. … Continued

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