For example, if you and your spouse were over the age of 65 in 2016 and had an AGI of ,000, you could deduct the amount of allowable medical expenses over ,750, which is 7.5% of ,000. If your total medical expenses were ,000 you could deduct ,250.With over 1 million supporters, The Senior Citizens League is one of the nation's largest nonpartisan seniors groups. Located just outside Washington, D.C., its mission is to promote and assist members and supporters, to educate and alert senior citizens about their rights and freedoms as U.S. Citizens, and to protect and defend the benefits senior citizens have earned and paid for. The Senior Citizens League is a proud affiliate of The Retired Enlisted Association..Chairman Collins said at Tuesday's hearing: "Alzheimer's is not a normal part of aging. It is a public health issue with a course that we can potentially change. There are steps that we can take today to help prevent the risk of cognitive decline and to improve the lives of those living with Alzheimer's and their caregivers. This public health approach is not only empowering; it is the key to saving lives.".On Monday, the non-partisan Congressional Budget Office released its highly-anticipated report analyzing the AHCA legislation from Republican lawmakers that would replace the Affordable Care Act if signed into law..two separate apartments, consider renting a portion of your home, or following a.Medicare costs take a significant portion of retirees' Social Security benefits. A survey conducted by The Senior Citizens League found that more than 51 percent of survey participants report spending at least 6 per month on total healthcare costs and more than one in- five spend ,000 or more per month..Recently, I received my letter from Social Security telling me that I've reached my full retirement age and I can start unreduced benefits. The letter itself devotes a mere two sentences to the most valuable thing everyone needs to know - that Social Security benefits increase by 8% for each year one delays benefits up to age 70. Eight percent per year is an incredible guaranteed rate of return that would be very difficult to achieve almost any other way..The public frequently confuses the two programs. Like Social Security, people become eligible for Medicare based on payroll tax withholdings from their earnings. Eligibility for Medicaid is based on low income. Medicaid is a combined state and federal program, in which the federal government pays roughly 60% of program costs for all whose income is low enough to qualify under current law. The new House law would end the open ended nature of funding and cap per person costs, adjusting reimbursements for inflation using the consumer price index..More Means Testing For Medicare: Higher income seniors with incomes of more than ,000 already pay more for their Medicare Part B and Part D premiums. More seniors will pay the higher costs in the future because the income threshold is not adjusted for inflation. President Obama has proposed raising the amounts that higher-income seniors would pay, and proposes new income thresholds that would push seniors into higher premium brackets more quickly.

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No. Citizenship is not a requirement to become eligible for either Social Security or Medicare. All that's required is legal work authorization, and a valid Social Security number, which undocumented immigrants would receive under the new executive action. After working for a long enough period, usually about ten years, individuals become eligible for Social Security retirement benefits when they meet age requirements. If they are eligible for Social Security, individuals automatically become eligible for Medicare at age 65, or after a two-year wait if disabled..As we said earlier, the end of the federal government's 2020 fiscal year is fast approaching and unless Congress can pass new funding legislation before then, we face the possibility of another government shutdown. Last week the House of Representatives passed a four-bill fiscal 2021 spending package, advancing its first annual funding measure of the year. The legislation includes State and Foreign Operations, Agriculture-FDA, Interior-Environment, and Military Construction-VA funding..Fifty six percent of older adults think we need to invest more in Medicare in order to respond more quickly and effectively to a healthcare crisis like COVID-19, according to a new survey by The Senior Citizens League. "Boosting funding for Medicare is one of the most important issues for older voters this year," says Mary Johnson, a Medicare, and Social Security policy analyst for The Senior Citizens League. … Continued

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Even if you stay in the hospital overnight, Medicare still considers observation services as outpatient care and requires you to pay a bigger share of the costs. Your inpatient status is also important to determining whether Medicare will cover care you receive if you are later released to a skilled nursing the facility..If signed into law, S. 2023 would take a number of steps to reduce the cost of prescription drugs, including requiring the Secretary of Health and Human Services to negotiate Part D drug prices, allowing the re-importation of drugs from Canada, closing the "doughnut hole" three years earlier than current law, and prohibiting "pay-for-delay" deals between drug manufacturers..table-2 … Continued

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