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A message from Andrew Saul, Commissioner of Social Security: About a year ago, I took the unprecedented step to close our offices to the public. I did this to keep our employees and you—the public we serve—safe. As we enter year two of the COVID-19 pandemic, vaccines and other precautionary measures give us cause for hope. … Continue reading Statement About Service from Andrew Saul, Commissioner of Social Security
There has been a certain amount of educated speculation about the effect of COVID-19 on the Social Security and Medicare systems. The 2020 OASDI Trustees Report, which was prepared before the pandemic gained a foothold and showed financial results through 2019, projected an exhaust date of 2035 for the combined OAS and DI funds. In … Continue reading Status of the Medicare Trust Fund
American Relief Act Passes On March 11, 2021 Biden passed the American Relief Act at a price tag of $1.9 trillion. The highlights: $1,400 direct checks for Americans earning up to $75,000 ($150,000 for couples), phasing out at $80,000 ($160,000 for couples)Extends the $300/week boost to unemployment benefits through August$350 billion to state and local … Continue reading Biden Passes the American Relief Act – What that Means for Your Healthcare and Your Wallet
No. Medicare and Social Security are MANDATORY expenses! Mandatory spending pays for U.S. federal programs that have already been established by Congress under so-called authorization laws. These laws both establish the federal programs and mandate that Congress must appropriate whatever funds are needed to keep the programs running. In other words, Congress cannot reduce the … Continue reading Can Congress Cut the Budget for Social Security?