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"For this group of Medicare beneficiaries, this will also be the largest Medicare Part B increase in five years after premiums remained relatively flat since 2013," says Mary Johnson, a Social Security and Medicare Policy Analyst for The Senior Citizens League. The jump in premiums is due to a special provision of law known as "hold harmless," which protected millions of Social Security recipients from reductions to their Social Security benefits in 2016 and 2017, when then the annual - cost - of - living adjustments were zero and just 0.3 percent, respectively..TSCL believes that in the lame-duck session following the November elections, Congress must prioritize the passage of legislation that would make the Social Security COLA more fair and accurate. In the weeks ahead, our legislative team will continue to advocate for the CPI-E Act, as well as for legislation like the SAVE Benefits Act, which would make up for this year's zero COLA with a one-time emergency 3.9 percent increase. For progress updates, follow TSCL on Twitter or Facebook.."In the event that you have the choice to get vaccinated, I'd encourage you to take the vaccine that you're given," John Brooks, the chief medical officer of the Centers for Disease Control and Prevention's Covid-19 response, said at a briefing Friday."."Sequester Savings on Senior Programs Would Add New Cost, Study Says," Kerry Young, CQ Roll Call. "Meals on Wheels Budget Cuts: 'Slowly Developing Crisis,'" Jeanne Sahadi, CNN Money, May 6, 2013..If you do return to work, it is possible that your earnings could subject a portion of your Social Security benefits to taxation. If this happens, you could wind up with only a small gain, or even lose money after paying the increased tax on earnings and Social Security benefits. Before taking on work to earn extra income, calculate the tax cost. A good tax guide like J.K. Lasser's Your Income Tax contains worksheets to help you do this. Tax guides can often be found in many public libraries, or visit for more information..Senior meals: Agencies on Aging often have congregate meal programs and act to coordinate with home delivered meal programs in your area..The House of Representatives has already passed legislation dealing with those problems and more, but there has been a great deal of fighting between the Republican Senators who are the majority in the Senate, and also between the Senate and the President.."The Cuts To A Major Disability Program In Trump's Budget," Jacqueline Alemany, CBS News, June 1, 2017..The Social Security Trustees recently projected that the Disability Insurance Trust Fund will be fully depleted by 201If the next Congress takes no action to address the matter, payroll taxes will only be sufficient to cover about 80 percent of benefits after Trust Fund depletion. While Congress has never permitted a trust fund to run out before, time is short to make what's likely to be difficult long-term changes. "The longer lawmakers wait at this point, the greater the chances of a funding crisis and benefit cuts," Cates says.

Rachel Dolan

Congressional CornerCongressional Corner: Protecting Against A New Wave of Senior Scams Congressional Corner: Rebuilding the Economy Needs to Include Mobility for Senior Citizens Congressional Corner: Two Social Security Provisions That Need to be Fixed Congressional Corner: We Can Ensure Social Security and Medicare Work. There Are Ways to do Both! Congressional Corner: It's Time for Seniors to get a Fair COLA Congressional Corner: Medicare Should Protect Your Teeth Too! Congressional Corner: Legislation Would Abolish Two Provisions That Reduce Social Security Benefits of Public Employees Congressional Corner: Planning for the Future Congressional Corner: Capping Drug Costs Could Negatively Impact Rural Health Care Systems Congressional Corner: Lowering Prescription Drug Costs Should Never Be a Partisan Issue Congressional Corner: Mediocre For All. Rural Healthcare's Road Trip to Ruin Congressional Corner: To Stay Healthy And Enjoy Retirement Means Protecting Earned Benefits and Cutting Drug Prices Congressional Corner: Two Bills That Would Bring Down High Prescription Drug Costs Congressional Corner: We Cannot Cut Medicare and Medicaid Congressional Corner: As Congress Fights Robocalls, Take Steps to Protect Yourself Congressional Corner: Fighting Back Against Senior Scammers Congressional Corner: It's Time to Tackle the High Cost of Prescription Drugs Congressional Corner: We Need Competition In Prescription Drug Pricing and to Stop Abusive Conduct That Keep Drug Costs High Congressional Corner: It's Time for Seniors to Get a Fair COLA Congressional Corner: Two Social Security Provisions Unfairly Penalize Millions of Teachers, Firefighters and Public Sector Workers.The government negotiates prescription drug prices for veterans and Medicaid beneficiaries, but it is barred from negotiating lower prices for Medicare beneficiaries. As a result, seniors enrolled in Part D often pay much higher prices than other Americans for their prescription drugs. What are you doing to correct this unfair policy?.But, unlike other parts of the tax code which are adjusted for inflation, such as income brackets, the income thresholds that subject a portion of Social Security benefits to taxation have never been adjusted. "Today, the Social Security benefits of even modest-income retirees - those who have modified gross incomes of more than ,000 or ,000 - are affected by the tax," Johnson says. Had the income thresholds been adjusted for inflation the ,000 threshold would be about ,137 today and the ,000 would be about ,815, using the Bureau of Labor Statistics' inflation calculator. … Continued

Blog Infrastructure A Key Focus For States In 2018

Trump Gives up his Demand for a Payroll Tax Cut.I recently read that if retirees got higher cost-of-living-adjustments some low-income people would lose eligibility for Medicaid, food stamps, and other benefits. Would using a senior consumer price index to determine the annual raise really do this?.Although there's a new higher standard deduction for U.S. taxpayers this year, tax professionals are cautioning taxpayers against automatically taking it. The 2017 tax legislation retains the deduction for medical expenses. This year, taxpayers can deduct medical expenses exceeding 7.5% of their Adjusted Gross Income, but that threshold will rise to 10% of the AGI in 2019, so taxpayers won't be able to deduct as much. It would be a good idea to crunch the numbers now, to learn if itemizing and the medical expense deduction would reduce your taxes. … Continued