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  • Ask The Advisor February 2021

    Require Medicare beneficiaries to pay a higher portion of the Part B premium. Premiums for Part B cover physician and hospital outpatient services. The premiums of most seniors, those with incomes under ,000, equal 25 percent of Medicare's total cost of services, and the federal government covers the other 75 percent of the cost. This proposal would require seniors to pay 35 percent instead - like higher-income seniors do now. The 2010 Medicare Trustee report estimates that Part B premiums at the 35% level would be 9.30 per month in 2012. .Benefit Bulletin: September 2021 Most Look Forward to Boost; Low-Income Retirees Worry Benefits Could be Trimmed .The coverage offered through the state of Virginia, however, didn't offer the same additional benefits, and would cost Paula a monthly premium of 0 in 200If she chose to "opt out," Paula would not be able to receive Medicare supplemental coverage or drug coverage through her former employer in the future. … Continued

  • Legal Loophole Allows Benefits Based On Illegal Work

    Judge Rules Hospitals Must Disclose Prices .On the other hand, critics of the proposal argue that people can't always determine the timing of the application for Social Security benefits. They say that people are often forced to retire earlier than planned due to health problems, layoffs, new technology, or needing to care for one's parent or spouse. They argue that raising the age for full benefits results in reducing the early, age 62 benefit even more than it already is today. .Citizenship is not a requirement to claim Social Security benefits. Undocumented immigrants who, at some point, receive even temporary work authorization, and who also receive a valid SSN, may eventually claim Social Security benefits if other qualifications are met, according to the Congressional Research Service. … Continued

Sources: Hearing on Combating Waste, Fraud, and Abuse, Office of the Inspector General, Social Security Administration, January 24, 201"Levin, Conrad Introduce CUT Tax Loopholes Act," Senator Carl Levin, February 7, 2012. .When you buy an immediate annuity, you give up control of a hefty lump-sum of your retirement savings and you can't change your mind and get your money back once you buy it. When you and your beneficiary die, no money goes to your heirs. .That leaves Grassley with a ticking clock to build enough support for his proposal to get it through the Senate and to convince House leaders to take it up as well. House leadership has its own signature drug pricing measure that is closer to Trump's own order than Grassley's bill. .A seventeen-member conference committee comprised of Democrats and Republicans from the House and Senate is currently working towards a long-term bipartisan deal to keep the federal government operating. Should they fail to reach a compromise before the looming deadline, it will shut down once again. .About 30 percent of the "other than legal " immigrants who were living in the U.S., and age 62 in 2000, would be eligible to receive retiree benefits. .Rick retired from the U.S. Air Force as a First Sergeant with the rank of Master Sergeant in October of 1989 and makes his home in Warner Robins, Georgia, with his wife of 43 years, Pat. .Congress has until the end of this Friday to pass legislation to fund the federal government for the remainder of fiscal year 202Very few people think they'll get it done. .Switching Drug Plans Can Save Big Money — Here's Proof .Please visit our Notch Reform Section for the most up-to-date information.