Can You Still Fund A Retirement Account Once You Retire?."The Outlook for Major Federal Trust Funds: 2020 to 2030," Congressional Budget Office, September 2020..Why Did Dad Get a Bill for ,944 After Hospitalization for COVID-19?.However, a rift has developed among Democrats in the House of Representatives. Those who want to empower the government to demand lower prices from drug makers are concerned that moderates in their party are now emboldened to blunt their ambitious drug-pricing agenda..Your answers to TSCL's Annual Senior Survey makes a difference! TSCL shares the results with Members of Congress and the media..New Congress Convenes."Even under limited immigration reform that provides only work authorization and a valid Social Security number, immigrants would become entitled to Social Security benefits," Cates says. "Citizenship is not a requirement to receive benefits," he adds. But with Congress and President Obama debating cuts to Social Security, seniors are lining up against reform that would allow millions of new immigrants to benefit from work under fraudulent numbers. A recent TSCL survey found that 87 percent of seniors strongly favor prohibiting payment of Social Security benefits that are based on earnings from unauthorized work. TSCL supports immigration reform measures that would prohibit earnings from work prior to gaining legal authorization for use in determining Social Security benefits..A balanced budget amendment to the constitution might sound like a good idea on the surface, but when the details are examined, it could be disastrous for programs like Social Security and Medicare. The Senior Citizens League tirelessly advocated against its adoption when it was considered earlier this year, and because lawmakers aren't giving up on it anytime soon, we aren't either..The Senior Citizens League supports the "Seniors Security Act," legislation that would adopt the Consumer Price Index for Elder Consumers, an index that more closely reflects the costs of retirees, to calculate the annual COLA and would ensure that Part B premium never amounts to more than 30 percent of an individual's COLA increase. To learn more, visit.

Polling Health Reform

Low-income "dual-eligibles" - Medicare beneficiaries whose incomes are so low that they are also eligible for Medicaid. Part B premiums are paid on their behalf by state Medicaid programs..The 2018 findings represent a substantial 4 percent loss in Social Security benefit buying power from January 2017 through January 201The loss deepened from 30 percent in 2017 to 34 percent in 201Of the thirty-nine costs analyzed in the study, twenty-six exceeded the percentage increase in the COLA over the 2000 to 2018 period..By Jamie McMillen, TSCL Legislative Assistant … Continued

Health Reform Perspective Pulling It Together Perspectives On State Health

Although there's a new higher standard deduction for U.S. taxpayers this year, tax professionals are cautioning taxpayers against automatically taking it. The 2017 tax legislation retains the deduction for medical expenses. This year, taxpayers can deduct medical expenses exceeding 7.5% of their Adjusted Gross Income, but that threshold will rise to 10% of the AGI in 2019, so taxpayers won't be able to deduct as much. It would be a good idea to crunch the numbers now, to learn if itemizing and the medical expense deduction would reduce your taxes..TSCL will keep a close eye on the fiscal 2016 budget resolution as it moves through the Senate in the coming days, and we will continue to voice our concerns about cuts to the Medicare program that would result in higher costs for beneficiaries. For updates on its movement, visit our new Facebook page.."Illegal Immigrants Could Receive Social Security, Medicare Under Obama Action," Karen Tumulty, The Washington Post, November 25, 201"5 Facts About Illegal Immigration In The U.S.," Jens Manuel Krogstad, Pew Research Center, November 18, 2014 … Continued

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