This week, one new cosponsor Rep. Adam Smith signed on to the Social Security 2100 Act, bringing the total up to 16The bill, which was introduced just over a month ago, has more support in Congress than any other comprehensive Social Security reform bill to date..How To Increase Medical Tax Deductions for Older Taxpayers.As a result, the highest-risk patients were not filling their medication after prices jumped. Those most vulnerable to a heart attack and stroke cut back more on statins and anti-hypertensives than lower-risk patients - irrespective of socioeconomic status..Due to your income, you are subject to paying high income premium surcharges for both Part B and Part D drug coverage. The income brackets that determine the amount of your premiums have been adjusted for inflation this year after no adjustments in 2011 through 2019..TSCL supports the Protecting and Preserving Social Security Act enthusiastically since it would extend the solvency of the program responsibly, without cutting benefits for seniors. We look forward to working closely with Senator Hirono and Congressman Deutch in the months ahead to help build support for their important new bill..Will you pay taxes on your Social Security benefits this year? Take TSCL's annual Senior Survey, visit..With 1.2 million supporters, The Senior Citizens League is one of the nation's largest nonpartisan seniors groups. Its mission is to promote and assist members and supporters, to educate and alert senior citizens about their rights and freedoms as U.S. Citizens, and to protect and defend the benefits senior citizens have earned and paid for. The Senior Citizens League is a proud affiliate of TREThe Enlisted Association. Visit for more information..The Velcro effect of anchoring can influence far more consequential decisions, in ways we may not even realize. Consider the process of determining the "right" retirement age:.Since 2000, COLAs have increased Social Security benefits a total of 53 percent, yet typical senior expenses grew almost twice as fast - 99.3 percent. Table illustrates ten of the fastest growing costs since 2000. Where no average prices are available, numeric values from the U.S. Bureau of Labor Statistics CPI-U are used. Table shows the fastest growing costs from January 2019 to January 2020.

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To do this, Larson's bill would increase the payroll tax rate gradually over 24 years through annual 0.1% increases, and it would also apply payroll taxes to all earnings instead of just the first 7,700.."The bottom line is that Medicare Part B premiums rise several times faster than COLAs, and those premiums are now high enough to cause the net Social Security benefits of millions of people to remain flat for years at a time," Johnson says. "We are at the point where this is affecting far more people than anyone ever anticipated, and it's a red flag that Medicare premiums are increasing too fast, while Social Security benefits are not adequately keeping pace," she explains.."We do have vaccines and therapeutics coming down the pike," Osterholm said. "But when you actually look at the time period for that, the next six to 12 weeks are going to be the darkest of the entire pandemic." … Continued

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If a therapist or home health agency says that Medicare does not cover a service any longer, that's a red flag because Medicare hasn't changed benefits, or the qualifications to receive benefits, but only the payment structure. To be eligible for Medicare home health benefits you must meet all of the following conditions:.Members of the Senate will return to Capitol Hill on September 6th, and Members of the House of Representatives will return on September 7th. TSCL would like to remind you to approach your Members of Congress at local events and request their support for a fair Social Security cost-of-living adjustment and other key issues..To say the least, it is controversial and there is reason to doubt it works. We know for sure that it is incredibly expensive. Having said that, here is some of the information we have seen. … Continued

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