investment portfolio knows your age and your upcoming income needs. You may.The U.S. currently has 21 Social Security Totalization Agreements in effect with other nations. The agreements allow workers who split their careers working in two countries to avoid double taxation on the same work. In addition, workers are allowed to combine earnings from both countries in order to qualify for Social Security benefits under one or both systems. The agreement with Mexico presumably would have a very different impact, however, for a number of reasons, including the fact that no other totalization agreement is with a country where so many of its citizens are living and working in our country illegally..In short, the Social Security disability trust fund would become insolvent by mid-2021 and the retirement trust fund would become permanently depleted by 2023, just two short years from now..But I was wrong..I realize this is a serious problem, and I'll try to get some help for it, but first I'll check my e-mail..Addressing the Part A shortfall will be particularly difficult and contentious for everyone. To bring greater solvency to the HI trust fund, lawmakers will be faced with the politically unpalatable choices of reducing Medicare spending, which could include requiring that Medicare recipients pay more for their coverage and increasing the tax revenues received by Medicare. Congress last addressed Medicare Part A finances in the 2010 Affordable Care Act which, among other things, required hospitals to become more efficient in their delivery of care, while requiring that higher income workers pay a higher Medicare payroll tax rate..A major move is underway to reduce government spending on Social Security by cutting the growth rate in annual cost-of-living adjustments. What would it cost you? Here are answers to some of your most frequently asked questions:.We at TSCL urge you not to put off medical care if you need it. If you are worried about being infected with the virus call your doctor's or dentist's office and ask them what Covid-19 precautions they are following to protect their patients. Many doctors have taken extra special measures, including requiring that everyone wear a mask and keeping people out of waiting rooms until the actual time of their appointment. Many waiting rooms have far fewer chairs in them, and they are spaced far apart for those patients awaiting their appointments..TSCL advocates for legislation that makes affordability for Medicare beneficiaries a priority. Medicare healthcare costs are the fastest growing cost that retired households face, and beneficiaries often shoulder a heavy financial burden. "Cutting Medicare benefits, while shifting more costs to beneficiaries, would be the wrong way to strengthen program financing" says Johnson.

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TSCL enthusiastically supports the CPI for Seniors Act since we believe it would go a long way in ensuring the retirement security seniors have earned and deserve. In the coming months, we will work tirelessly with Congressman Duncan to help build support for his critical new bill..This week, lawmakers in the House and Senate remained in their home states and districts to continue the holiday recess. They are expected to return to Capitol Hill on Tuesday, July 10th. In the meantime, many Members of Congress will be attending local events and hosting town hall meetings around the country..House Speaker Nancy Pelosi said in a statement that the House would push for the deal to be included in a year-end legislative package. However, Senate leaders haven't signed off on the deal, according to a committee aide. … Continued

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Because Medicare Advantage plans receive a capped monthly reimbursement for each beneficiary, TSCL is concerned that there is a potential financial incentive for Medicare Advantage plans to inappropriately deny some services or prescriptions in an attempt to increase their profits. Denial of medically necessary care and prescriptions can worsen your health, as well as leading to high out-of-pocket costs, financial burdens, and debt..The non-partisan Center for Retirement Research at Boston College released the following comparison to help you learn where the candidates stand on Social Security:.The Senior Citizens League enthusiastically supports the Seniors Have Eyes, Ears, and Teeth Act, and we believe its passage is essential in order for older Americans to maintain their dignity and good health in retirement. In the months ahead, we look forward to working with Representative Roybal-Allard to help build support for her bill, and we hope to see it signed into law before the end of this year. … Continued

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