Blog Statevote C68 3Automatic renewals are supposed to make this fall's Open Enrollment under the new health law run more smoothly for consumers like you. But analysts are warning to only do so as a last resort - especially if you qualified for a lower premium. The lower premiums are made possible through premium subsidies, which are actually an advance tax credit based on your income. According to analysts, health insurance exchange customers who like the convenience of automatically renewing are likely to receive outdated and inaccurate premium subsidy amounts that could result in big tax bills later..I was diagnosed with cancer in 2019 which required surgery and considerable follow-up treatment. I also required extensive dental work during the year. My medical and dental expenses alone totaled more than ,000, and that does not include my husband's premiums and out-of-pocket costs, which were close to ,000. Will we be able to deduct these expenses on our income taxes? We were unable to deduct our routine medical costs last year..How the Pandemic is Affecting Retirement Savings as of December 31, 2020 … Continued
New Surgical Robot Aids Surgeons With Back ProceduresA growing number of Medicare beneficiaries are choosing to receive their coverage through private Medicare Advantage plans, rather than traditional Medicare with a Medigap supplement and Part D plan. The choice requires careful evaluation of costs and an understanding of how the prospective Medicare Advantage works, because once you give up your Medigap plan, you probably won't be able to get another one, or if you do, you could be charged significantly more. No matter what you decide, you will still be required to pay the Part B premium..The federal government will work with the private sector and Congress to implement the recommendations and develop a strategy to create a robust and resilient pharmaceutical and active pharmaceutical ingredient supply chain, including facilitating adoption of novel methods for commercial production of pharmaceuticals and biologics..I'm going to keep fighting to pass this bill. I'm also going to continue working to strengthen and expand Social Security going forward. The fact is, Social Security has a .9 trillion surplus. If we do nothing, Social Security will be safe for the next 17 years. With some modest adjustments, we can keep the Social Security system solvent for many more years and even increase benefits. … Continued
