or favorite hobby into a sideline business, or offer your expertise as a.Lifting the maximum taxable wage cap so that wealthy individuals pay Social Security taxes on more of their income. Currently, annual income over 8,500 is not subject to the payroll tax.."It's a barrage of contributions that accounts for roughly million in campaign giving, distributed via roughly 4,500 checks from the political action committees affiliated with the companies..CLASS Program Closer to Being Repealed.The deduction is especially important to people age 65 and over, since spending on medical expenses increases with age, and healthcare costs can be considerable. About 23 percent of participants in The Senior Citizens League's 2018 Senior Survey said they routinely itemize medical expenses. A recent report from the non-partisan Kaiser Family Foundation says that Medicare households spent on average ,355 in 2016 on healthcare costs that Medicare doesn't cover. That's equivalent to ,700 in 2018 adjusting for inflation..In our analysis, it appears that this new program adds layers of complexity and apparently will drive up the overall costs of everyone enrolled in the Part D plans that participate in this..Low-income seniors, including about one-quarter of all Notch Babies, may be feeling the effects of the expiration of federal stimulus funding for Medicaid that ended recently. The recession drove up Medicaid enrollment sharply, but the federal government stepped in with extra funding to help states cover the costs. Increased enrollment and decreased funding have led states to eliminate some benefits and increase the co-payments they charge..Would it Be Advantageous for Me to Take a Divorced Spouse Benefit?.Those born during the Notch period "saved Social Security" by receiving lower benefits for the rest of their lives. They are the generation that fought and sacrificed during World War II. Now, although they receive lower benefits, they are among the senior age group hit hardest by escalating health care insurance premiums and prescription drug costs.

Topic Private Insurance

TSCL encourages its members and supporters to attend these events and to voice their concerns about important Social Security and Medicare issues like inadequate cost-of-living adjustments and skyrocketing prescription drug prices..Highlights of this week in Congress include: fallout from the Super Committee's indecision; leadership changes at the Center for Medicare and Medicaid Services; and a new co-sponsor added to a key bill..A new study has found that it is more than prices that are high when it comes to so many prescription drugs. According to Modern Healthcare newsletter, "A .40 increase in out-of-pocket costs per prescription was associated with a 22.6% drop in consumption and a 32.7% increase in monthly mortality rates, an analysis of more than 358,000 relatively healthy 65-year-old Medicare beneficiaries found." … Continued

Health Costs Slide Distribution Of Traditional Medicare Beneficiaries And Medicare Spending 2009

In 2016, seniors who depend on Social Security to make ends meet received no annual cost of living increase. Social Security is supposed to be indexed to inflation so that when prices go up, benefits go up too. But Congress's formula isn't geared to what older Americans actually spend. So even though the cost of core goods and services has gone up, seniors who are already struggling to scrape by to cover rent and exploding prescription drug prices, are scrambling..xmas cash.Avoid Falling for this Scam: … Continued

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