News

Age doesn't matter for contributions to some types of 401s. Regardless of age, you can continue to contribute to a traditional 401 as long as you own less than 5% of the business you are working for. You aren't required to take required minimum withdrawals..Alexandria, VA majority of Social Security recipients would have to raid retirement savings or use a line of credit to meet even relatively modest financial emergencies, according to a new poll by The Senior Citizens League. When retirees were asked how they would raise ,000, 49 percent of respondents said they would take money from savings and another 30 percent said they would use a line of credit or borrow..This week, TSCL announced its support for the Improving Care for Vulnerable Older Citizens through Workforce Advancement Act, which was introduced by Sen. Bob Casey in the Senate, and by Rep. Matt Cartwright in the House. If signed into law, the bill would create six different demonstration projects that would focus on the coordination of care for elderly patients with multiple chronic illnesses. It would put Direct Care Workers such as nursing assistants, home health aides, or personal care aides in advanced roles, and it would test and evaluate different models of care coordination..Mary Johnson, a policy analyst for The Senior Citizens League, said earlier this week: "The combination of higher premium costs and lower premium subsidies that people would receive under the replacement plan would make health insurance unaffordable for millions of low and middle income Americans … Anyone who cares about his or her health coverage should contact their Members of Congress now.".Your persistent support in signing petitions, sending email, and letters to your Members of Congress have helped build the highest level of co-sponsorship in more than ten years..On Friday, lawmakers in the House and Senate prepared to return to their home states and districts for a week-long recess. They are scheduled to be back in Washington on Monday, May 7th. In the meantime, many Members of Congress will be attending local events and hosting town hall meetings..Medicare sent a letter to those of us using this medication suggesting that I change to a different med and included two possible suggestions, one of which is a generic of the first medication prescribed ten years ago. It cost only a few dollars.."Medicaid plays an essential role for both low - income older Americans and middle -income seniors made poor by their health care costs," Johnson notes. Medicaid benefits can include paying premiums and out - of - pocket costs for Part B coverage. It is also the primary payer of costs not covered by Medicare, including nursing home care..This new data strengthens the argument that focusing on negotiating prices for the relatively small number of drugs that make up a disproportionately large amount of Medicare spending could help reduce the costs of prescription drugs to Medicare and the patients who use them.