In response to Trump's orders, four Senators requested an estimate from the Social Security Administration about what the long-term effect on the viability of Social Security if the tax deferral is made permanent. Last week, the report was released..Get your health expense records up to date and review the Annual Notice of Change from your current plans: Drug and health plans send out their Annual Notice of Changes for 2022 in September through October of this year. Review those details to learn what might affect you in 202Start a list of costs, break down what you will pay for all premiums, any out-of-pocket costs that you typically pay. List what you spend out - of - pocket on dental, vision and hearing services, as well as any expenses such as eyeglasses and hearing aids. If you are comparing current Medigap coverage with Medicare Advantage, you will need to know what sort of services you are using and what you typically pay out - of - pocket now for those services, if anything. Worksheets maintained for tax purposes, statements, check registers may be an excellent source of this information..Plan to compare your drug plan options during the fall Open Enrollment Period that starts October 15th and runs through December 7th. Chances are you will find a much lower-costing plan that will save you a bundle in 2014 if you switch plans..And overwhelming majority 95% of those polled said YES! Amnesty by Executive Order is presidential over-reach. Changes in immigration law should be left up to Congress.."Many older taxpayers probably did not even know they were getting a medical expense tax break for 2017, or this year," Johnson says. The 7.5 percent of AGI threshold was unchanged from what taxpayers age 65 and older paid in 2016, and before. That threshold, however, was formerly scheduled to rise to 10% of AGI in 201"Meanwhile taxpayers younger than 65 could only deduct medical expenses in excess of 10% under the former tax law, and so for that crowd it may have been noticed as a tax break," Johnson notes..TSCL recently delivered letters to every Member of Congress calling on them to support legislation that would provide a more fair and adequate COLA. "Congress created the automatic COLA in 1972 to help benefits keep up with inflation. But according to our research, COLAs are failing to keep up with the rising costs seniors are facing. Since 2000 Social Security benefits have lost 30 percent of their buying power, and in the last year alone they have lost 7 percent.".Burwell will begin her work as HHS Secretary in the coming days, and TSCL will keep a close eye on her work since it could have major impacts on the Social Security and Medicare programs. TSCL is pleased that Burwell has already committed to working with Congress to repeal and replace the flawed sustainable growth rate formula later this year. However, she has also expressed her support for increased means testing within the Medicare program a proposal that TSCL is opposed to due to potential unintended consequences. For updates on HHS actions affecting senior citizens, visit the Legislative News section of our website..We encourage you to attend a town hall, and invite others you know. The future of our retirement and our healthcare benefits rests in our hands..For tips on which questions you should ask your Member of Congress at your next town hall meeting, click HERE. To learn more about important issues affecting seniors, to sign a petition to Congress, or to find contact information for your Members of Congress, please visit the ACTION CENTER of our website.

Blog Recounts Theres A Law For That

The survey showed that many people did not know how to safely use different cleaning products, even as most said they knew how to properly store and use them. About a quarter of respondents knew that only room temperature water should be mixed with bleach, and a third knew not to mix bleach with vinegar. More of the respondents - about two thirds - knew that eye protection and gloves were recommended when using certain cleaners..Take minimum required distributions on time. Once you turn age 70 ½, everyone with a traditional IRA must begin taking required minimum distributions. Failure to do so results in a tax penalty equal to 50% of the required distribution amount..House Budget Committee Approves Fiscal 2019 Blueprint … Continued

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Tightening eligibility requirements. Currently, DI applicants must have worked 5 of the past 10 years to be eligible for benefits. Increasing this requirement to 6 of the past 10 years would reduce the number of eligible beneficiaries only slightly and would save up to billion..TSCL worked hard for the Medicare Part B "roll back" last fall which prevented an even larger Part B premium spike in 2016, and stands ready to ask lawmakers to do the same in 201You can help: Contact your Representative in the House and Senators now and ask your lawmakers to take action to stop the Medicare Part B premium spike. Call your lawmakers toll free at or send an email to your Members of Congress..Higher Medigap costs: Experts say that beneficiaries with Medigap supplements tend to use more services than those without such coverage. Currently the plans often cover part or most of the deductibles and the co-insurance. Lawmakers from both parties propose requiring beneficiaries enrolled in Medigap plans to pay more through higher deductibles and co-payments. President Obama's 2014 budget plan called for imposing a new surcharge on beneficiaries who buy Medigap plans in 2017. … Continued

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