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punitive tax penalty..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..In addition to expenses such as out-of-pocket drug costs, and co-pays for visits to the doctor, here are a few of the most common overlooked medical deductions:."Senior Advocates: Small Social Security Bump May be Sign of Future Bad News".According to Rep. Deutch, the bill would extend the solvency of the Social Security trust funds for decades into the future by ensuring that the wealthiest Americans contribute to the program at the same rate as everyone else. Upon its introduction, he said, "Currently, most Americans contribute 6.2 percent of every paycheck they earn to Social Security, while a corporate lawyer earning 0,000 pays an annual rate of just 1.71 percent and a CEO earning million pays an annual rate of just 0.003 percent.".This week, the White House held its day-long Conference on Aging and The Senior Citizens League announced its support for one new piece of legislation..Bringing Newly Hired State and Local Workers Into The Social Security System: Currently 96 percent of U.S. workers are covered by Social Security; most of the remaining four percent are covered by federal, state and local pension plans and do not contribute to Social Security. Bringing newly hired state and local workers into the system by 2021 would make Social Security more inclusive and increase its revenues. This proposal would close about eight percent of the program's 75-year shortfall..don't start feeling better..New Co-Sponsor for Key Bill

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Rep. Allyson Schwartz introduced H.R. 574 on February 6, 201It has since been referred to the Committee on Energy and Commerce and to the Committee on Ways and Means where it awaits further action..Congress Still Working to Avoid Government Shutdown.That means the trust fund reserves money that came out of your paychecks to finance your earned benefits would become unusable by the Social Security and Medicare programs. Here's how that could lead to benefit cuts… … Continued

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Always think safety first. Do not give in to high pressure tactics over the phone for information, or in person to get into your home.This week, lawmakers in the House and Senate remained in their home states and districts for the week-long holiday recess..The threat among seniors of going without nourishing meals, especially those who are older and depend on Social Security for the majority of their income, like many Notch Babies, is very real. In addition to the cognitive and health problems that interfere with good nutrition as seniors age, the national median income of people over 65 is only ,75About one-in-seven seniors has little money left over for food after paying basic monthly expenses like housing, utility, and healthcare costs. … Continued