Hospice CareWhite House Holds Aging Conference.Social Security represents America's promise that after a lifetime of hard work and paying into the system, senior citizens have earned greater financial security in their golden years, free from abject poverty. Americans expect that when their leaders give their word, they keep it..Take a quiz from the nonpartisan Kaiser Family Foundation website. … Continued
Interactive Current Picture And Outlook For Childrens Coverage TutorialSocial Security benefits have lost 33 percent of buying power since 2000, according to the latest Social Security Loss of Buying Power Study released today by The Senior Citizens League. "One would think that a higher cost-of-living adjustment in 2019, combined with relatively low inflation, would lead to an improvement of buying power in Social Security benefits," says study author Mary Johnson, a Social Security policy analyst for the League. "But any improvement was offset by spiking costs of essentials, including out-of-pocket spending on prescription drugs," Johnson says..TSCL enthusiastically supports H.R. 3118 and H.R. 1179, and we were pleased to see support grow for both of them this week..The last time the Medicare Part A Trust Fund was forecast to become insolvent was in 200At the time, the Part A Trust Fund was forecast to become insolvent by 201Lucky for us that never happened - in 2017 at least. Congress enacted the 2010 Affordable Care Act which changed Medicare taxes in two ways. It added a 0.9% surtax to the amount of Medicare payroll taxes paid by high earning individuals with wages over 0,000. This was on top of the 1.45% that workers currently pay on their wages. A second provision affecting the more affluent, imposed a 3.8% tax on a portion of net investment income. Estates and trusts can also be subject to this tax. … Continued
