New Ulm Medical Center Services Orthopedic Care Care TeamSome seniors may also experience income tax hikes this year particularly those who rely on investment income. Taxpayers with total incomes greater than 0,000 for individuals or 0,000 for joint filers will face a new 3.8 percent surtax on investment income. The Senior Citizens League fears that this new tax will disproportionately affect seniors at a time when they are struggling to keep up with rising costs. According to the Tax Foundation, reliance on investment income tends to increase with age, and 36 percent of taxpayers with dividend income and 38 percent with capital gains income are seniors..Without an emergency COLA, the financial impact of rising Medicare Part B premiums on beneficiaries is expected to vary significantly. A provision of the Social Security Act known as the "hold harmless" provision guarantees that the Social Security benefits of most seniors and the disabled will NOT be reduced when the Medicare Part B premium increases by more than the amount of that person's COLA. The Part B premiums will therefore be adjusted so that the monthly Social Security benefits of people protected by this provision will not be reduced from one year to the next..What numbers are those? … Continued
Minneapolis Heart Institute Programs And Services Vascular And Endovascular Services Care TeamSenate Confirms New CMS Administrator.The Supreme Court recently upheld the Affordable Care Act. While most people understood that the Supreme Court considered the constitutionality of the "individual mandate," many seniors may not have thought much about how the court's decision would affect Medicare. The decision maintains both new senior benefits and 0 billion in Medicare spending cuts over the next eight years. Here's a list of major provisions that affect seniors:.White House Holds Aging Conference … Continued
