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Social Security Raise? What a Joke.
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Dec 27, 2017 10:53:26   #
laverne12
 
Me too making same as last few years whenever get a raise Medicare takes it

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Dec 27, 2017 10:58:41   #
gvarner Loc: Central Oregon Coast
 
The GOP will take care of that raise problem for you - there won't be any at all. SS is one of those so called entitlements that they deplore because they encourage people not to work. They want you out there until you're at least 70, hobbling around with that broom you can't push anymore.

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Dec 27, 2017 11:28:37   #
traderjohn Loc: New York City
 
Tom Daniels wrote:
We have been setup the past few weeks. Ryan and his Ayn Rand friends are coming after our SS and medicare.
What he calls "entitlements".
These are clowns who have allowed predatory banking and financial options. A bank can charge 20% on a credit card
and then offers a 1% interest on grandma's nest egg. Health Care costs are so high that many good people have
been bankrupted caring for family.
I was in great shape in 2008 wanted to be the backup for my grown children and grandchildren.
After the Wall street nonsense everything changed.
Then incompetence in our government is amazing.
We have been setup the past few weeks. Ryan and hi... (show quote)


It's always easy to blame someone else. Wow...Ayn Rand. That's an author from the past. When exactly are "Ryan and his Ayn Rand friends coming after our SS and Medicare"?? The cause of Government failure is directly tied to the 100 US Senators and the 435 who are in the House of Representatives.

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Dec 27, 2017 11:31:00   #
traderjohn Loc: New York City
 
laverne12 wrote:
Me too making same as last few years whenever get a raise Medicare takes it


Think about the cost the employer has to pony up. They match your contributions to SS and Medicare. Think; Ford, GM, IBM and other large employers.

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Dec 27, 2017 12:00:04   #
John_F Loc: Minneapolis, MN
 
What bedouin cites had its start with the onset of the Cold War. SS deductions did not really start until about 1937. Recall the state of the nation then - vast unemployment meant small SS collections. Then WW2 with its millions of service members at $21 a month for a Private. War industries meant larger SS collections. Then wars end and the nation is deeply in debt. Millions of service members return and go to school under GI Bill. Then commercial manufacturing started growing back with more employees. So SS collections start to grow. The the Cold War - where to fibd the money to combat. The SS Trust Fund was just sitting there. Congress ordained it invest only in federal securities. Since the end of the Cold War this has continued so the Trust Fund never benefited from thr roaring economies of the 70s, 80s, 90s. And now the bill for all that cheap money is coming due with the Baby Boomers retiring. What to watch for: how Ryan & McConnnel will use the tax bill $1.5 trillion deficit to bleed SS Trust Fund and Medicare Trust Funds dry. In the private sector this would Grand Theft on an astronomical scale.


bedouin wrote:
And this topic does not begin to touch why Congress has used the SS Trust Fund to finance deficit spending for decades!

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Dec 27, 2017 12:04:58   #
John_F Loc: Minneapolis, MN
 
This is some heavy stuff to digest, thanks for posting ole sarg.


ole sarg wrote:
I read all this nonsense and yet I will bet each of you grippers voted for the GOP!

Of course you are all wrong but ignorance is bliss!

Making Sen$e Nov 20, 2017 3:56 PM EST
The Centers for Medicare and Medicaid Services (CMS) has announced that the 2018 premium for Part B of Medicare will remain at $134 a month. But even with no change, millions of Social Security recipients will pay sharply higher Part B premiums that will eat up all or most of next year’s 2 percent cost of living adjustment (COLA) for Social Security.

To explain why, let’s back up and explain some basic facts of Medicare. Part B covers insured expenses for doctors, outpatient services and durable medical equipment. (The other component of basic Medicare is Part A, which covers hospital and nursing home expenses.)

Increases in Medicare premiums can’t cause a person’s Social Security benefits to decline from one year to the next, according to Social Security’s “hold harmless” rule. About 30 percent of Medicare beneficiaries are not held harmless each year. This group includes people who have not yet begun receiving Social Security benefits, new enrollees in 2018, low-income people whose Medicare premiums are paid by state Medicaid agencies, and people who pay Medicare’s high-income premium surcharges.

Recent COLAs have been very small – zero in 2016 and 0.3 percent this year – so increases in Part B premiums were either eliminated or reduced for most of the 70 percent of Medicare enrollees who have Part B premiums automatically deducted from their monthly Social Security payments.

Those hold-harmless reductions will disappear next year for most people, with some or all of their 2 percent COLA increases eaten up by increases in their Part B premiums. The numbers here can be confusing, so please bear with me.

According to CMS, 60 percent of those who will be held harmless in 2018 (equal to 42 percent of all Part B enrollees) will pay the full Part B premium. In other words, the 2 percent COLA will generate enough increased benefits for them to pay $134 without reducing their net Social Security benefits.

For the other 40 percent of those held harmless (28 percent of all Part B enrollees), their Social Security COLA increase will not be sufficient to cover the entire Part B premium. They will pay a range of smaller Part B premiums, based on their 2018 COLAs.

To figure out how this will affect you, subtract your current Part B premium from $134. Then multiply your current monthly Social Security benefit by 2 percent. Your 2018 Part B premium change should be the smaller of these two numbers. Add this figure to your 2017 premium to determine what you will pay next year. Like I said, it’s confusing.

One thing is clear: Many Social Security recipients will receive little if any boost in their benefits next year. And while most of these folks have been shielded by the hold-harmless rule from paying the full Part B premiums in recent years, I don’t expect any of them to send thanks for this to the folks at Social Security and Medicare who came up with this system for determining Medicare premiums.

Here are other important 2018 benchmark numbers announced by CMS:

The Part B annual deductible will be unchanged at $183.
The Part A annual deductible will rise by $24 to $1,340 from $1,316. There is a separate deductible for each hospital stay, usually defined as being separated by at least 60 days during a calendar year.
The Part A coinsurance charge for hospitalizations lasting from 61 to 90 days will rise by $6 to $335 a day in a benefit period; for lifetime reserve days linked to longer stays, it will rise $12 to $670 a day. The coinsurance charge for skilled nursing facility stays lasting from 21 to 100 days in a benefit period will increase by $3 to $167.50.
People who have worked at least 40 quarters in jobs where they paid Social Security payroll taxes qualify for premium-free Part A. The Part A premiums for people with 30 to 40 quarters of coverage will rise by $5 to $232 a month. For those with fewer than 30 quarters, it will increase $9 to $422 a month.
The amounts of Medicare’s high-income Part B surcharges won’t change next year but the income brackets used to determine a person’s surcharge will be altered in a way that exposes more people to higher surcharges. The amounts of the Part D surcharges will decline slightly, but the change in income brackets will also expose more people to higher surcharges.
/www.pbs.org/newshour/economy/making-sense/medicare-announced-its-premiums-for-2018-heres-what-you-need-to-know
I read all this nonsense and yet I will bet each o... (show quote)

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Dec 27, 2017 12:05:51   #
John_F Loc: Minneapolis, MN
 
And the real truth is what?


mleuck wrote:
Wrong on all accounts! Open your eyes and mind nd look at the real truth you are not being told.

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Dec 27, 2017 12:23:18   #
blue-ultra Loc: New Hampshire
 
I got a small raise , but, I am still working because I cannot live on that amount, even with my retirement fund, which BTW took several huge hits in 2001 and 2007. 2001 was the terror attack on NYC. and 2007 was the failure of Dodd /Frank banking scheme, (dems you know)...

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Dec 27, 2017 12:36:20   #
Jerry Coupe Loc: Kent, WA
 
"No increase" may be a good event compared to what we will see once Speaker Ryan gets pushing his plans to cut SS and Medicare/Medicaid in 2018. The tax cut for the wealthy is going to create significant budget deficits and of course cutting safety net spending is the only potential source of revenue. God forbid that we cut any dollars from the $700 Billion defense budget.

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Dec 27, 2017 12:36:24   #
Jerry Coupe Loc: Kent, WA
 
"No increase" may be a good event compared to what we will see once Speaker Ryan gets pushing his plans to cut SS and Medicare/Medicaid in 2018. The tax cut for the wealthy is going to create significant budget deficits and of course cutting safety net spending is the only potential source of revenue. God forbid that we cut any dollars from the $700 Billion defense budget.

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Dec 27, 2017 12:45:40   #
jiminnee
 
I've been on S.S. for awhile & maybe had a couple raises that actually were raises & not eaten up by Medicare. Medicare generally gets the increase,so you gain nothing. Problem comes in when you are depending on Soc. Sec. for your total income. Yeah,i know you are supposed to have saved something,& I did,but it is so little when you have had jobs that generally did not allow any for savings & in fact often did not meet the needs at the time. The only real savings I managed was from a part of my S.S. income received while I continued to work toward a late retirement. In the meantime,the prices have constantly risen. It's a big problem & becomes more desperate the longer you live. There aren't any easy solutions. Getting REAL raises would help,or getting Medicare to pay 100% of your medical costs would too. The other solution that would help is a senior discount card that applied to EVERY purchase you made. None of these are likely to happen.

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Dec 27, 2017 13:21:10   #
dave.speeking Loc: Brooklyn OH
 
In 2016 I saved the increase every month. With that money I contributed
an equal amount and bought a new pencil from a street beggar.
For 2018 I got a bigger increase. I plan to buy a used pencil sharpener.

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Dec 27, 2017 13:48:38   #
RICKO
 
Looks like your investment is paying off.

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Dec 27, 2017 14:17:28   #
jack schade Loc: La Pine Oregon
 
I got a 2% raise it went to Medicare.

Jack

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Dec 27, 2017 14:20:43   #
jackm1943 Loc: Omaha, Nebraska
 
My wife is getting a $20 raise for 2018 but her medical went up $22. Net; -$2. I'm getting a small raise because my medical did not increase too much.

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