bond income. If you haven't already done so, you will also need to discuss when.I decide I better put them back on my computer desk, but first I'm going to water the flowers..Nearly 20% of participants in TSCL's Senior Survey say they spent ,100 or more out-of-pocket on prescription drugs in 201And, as we age, all of us face the grim potential that a new health problem could increase our spending on prescription drugs to this level. Doing nothing to lower drug prices for Medicare beneficiaries is not a good option..That is only one of the issues involved with high drug prices, and the drug companies aren't the only issue..TSCL will continue to monitor this debate, and will work to educate Members of Congress about the potential for problems in funding benefits that could result from extending the payroll tax holiday. In the meantime, TSCL is also asking seniors to contact their Members of Congress and urge them to oppose extending the Social Security payroll tax cut..The Senior Citizens League is predicting another record-low Social Security cost-of-living adjustment in 2020 despite skyrocketing prescription drug prices and home heating costs. Will you cosponsor the Fair COLA for Seniors Act, which would make the COLA more adequate for Social Security beneficiaries?.in 2011 by switching drug plans. She was able to enroll in a plan that provided.Addressing the Social Security Trust Fund shortfall by increasing both the amount of wages subject to taxation and, increasing the payroll tax rate. The bill would immediately tax wages above 0,000. That threshold would not be adjusted annually, and the current law maximum of 2,900 would continue to increase as scheduled, slowly closing the gap, until all covered earnings would be subject to payroll taxes by 204The bill would raise the payroll tax rate 0.1 percentage point per year until it reached 14.8% - 2.4% higher than today. Currently employees and employers each pay 6.2% for a total of 12.4%..In addition, one new cosponsor Reps. Zoe Lofgren signed on to the Improving Access to Medicare Coverage Act. The cosponsor total is now up to one hundred and forty-eight. If signed into law, H.R. 1179 would amend current Medicare policy to count hospital stays under "observation status" towards the three-day requirement for skilled nursing care. Currently, those under "observation status" don't qualify for coverage of the benefit, and they are often hit with large, unexpected bills after receiving necessary medical care.

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As anyone who was following the news last week knows, Congress failed to reach an agreement on a new coronavirus economic relief bill, so they went home. They have left it up to the leadership in both houses to try and come up with legislation that can pass both bodies, but no one sounds optimistic that will happen before they return in September..The law, however, also shifts the entire beneficiary share of Part B premium costs to the remaining 30% of individuals who are not protected by the hold harmless provision. An estimated 16 million people will take a financial hit from spiking Part B premiums unless Congress takes action. They include:.The index used to determine the COLA of retirees does not measure the spending patterns of retirees, but younger workers instead. Retirees, we all know, spend their money differently than younger people and must spend a far bigger share of their budgets on housing and medical costs - two categories of spending that often rise several times faster than overall inflation. … Continued

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Sen. John Cornyn introduced H.R. 1190 on January 8, 201It has since been referred to the Committee on Finance..Even if Congress is not able to pass all the funding bills by the end of the fiscal year on September 30, we doubt there will be a government shutdown. It is most likely they will pass as many "continuing resolutions" as they need, as they have done in the past, to avoid a shutdown..Senate Aging Committee Discusses Alzheimer's Disease … Continued

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