This week, Congressman John Garamendi introduced legislation that would base Social Security cost-of-living adjustments on a more accurate measure of inflation. In addition, The Senior Citizens League announced its support for a bill that would make the Social Security program more equitable for public servants..In addition, one new cosponsor Rep. Steve Cohen signed on to the bipartisan CPI for Seniors Act. The cosponsor total is now at three in the House. If adopted, it would mandate the monthly formulation and publication of a consumer price index specifically for seniors. Currently, Social Security cost-of-living adjustments are based on the inflation experienced by young, urban workers, but H.R. 2016 would establish a more accurate index for beneficiaries..Let's be clear about this. No one is saying that the effort to cut Medicare and/or Social Security will come this year or next..The Social Security Act requires the President to submit to Congress the text of totalization agreements and a report that includes the estimated number of individuals who would be affected and the estimated financial impact of the agreement on Social Security. Nevertheless the documents released to TSCL in December of 2006 supplied only an incomplete five-year cost estimate..Another possibility for House legislative action is subsidies to make health care more affordable..The study's findings illustrate the impact on the buying power of Social Security benefits when the economy goes from a period of extremely low inflation to more typical rates of inflation. The last time there was a loss this big was in 2011, another year similar to 2017, when there was no COLA, but inflation spiked. The following year, in 2012, Social Security benefits increased by 3.6%. And like 2012, a higher COLA is likely in 2018..Congressional Recess Continues.Americans everywhere agree: Social Security is not an entitlement; it is a benefit that seniors earn through decades of work. According to the Social Security Administration, approximately 65 million Americans received Social Security benefits in 2020 and of those 65 million, 72 percent were retired workers and dependents..I turn 66 this year and my wife is 6Neither one of us has started Social Security. We receive health insurance through my employer. Do we need to sign up for Medicare yet?

Thrive Mental Health Awareness Month

Your benefits would drop further as rising Medicare costs take a bigger portion of Social Security payments. This is already occurring even under current law, but the problem would be accelerated if Social Security benefits grow more slowly, and if Medicare cuts make seniors pay more for their healthcare..There is a warm can of soda sitting on the window ledge..This week, lawmakers remained in their home states and districts to continue the fall recess. They are expected to return to Capitol Hill following the November elections to begin the lame duck session. Until then, most lawmakers will be attending local events and holding town hall meetings in their home states and districts. … Continued

Health Costs Press Release Two Thirds Of The Public Say The Us Should Play A Major Role In Distributing Covid 19 Vaccines Globally But Not Most Republicans

The Senior Citizens League encourages its supporters to attend these events and to ask important questions of their elected officials, like the following four….Compare your drug and health plan options during the Medicare Open Enrollment period October 15th - December 7th. Does your current drug plan cover expensive new prescriptions? If not, you need to check your other options. Chances are another plan will. Use the Drug and Health Plan Finder at. Make sure you carefully enter every prescription drug you take in order to get a custom comparison of your best drug plan choices. Costs can vary by hundreds, even thousands, of dollars, and you may be very surprised by the savings from switching to a better plan. You can get unbiased help to compare your coverage. Call your Area Agency on Aging and ask for the help of a State Health Insurance Assistance Program counselor, or visit online..Experts estimate that fraud, waste, and abuse within Medicare cost more than billion each year. What efforts do you support to ramp up prevention? … Continued

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