Fifty-six percent of participants in a national survey by The Senior Citizens League say they pay taxes on their Social Security benefits. "The tax on Social Security income takes new retirees by surprise," says TSCL Chairman Ed Cates. "This is one retirement expense that must be carefully planned for. The government today taxes the Social Security benefits of a majority of older adults, even people with very modest middle incomes," he notes..Disabled survivors benefits for a spouse and/or divorced spouse based on the deceased account..2013 Medicare & You, Centers for Medicare and Medicaid Services, October, 2012..Retired seniors have been far more accepting of vaccines than their working-age counterparts. Their full vaccination rate is about 82%, according to the U.S. Centers for Disease Control and Prevention. Because they're susceptible to severe illness, even relatively few unvaccinated seniors mean more deaths -- and more crowded hospitals -- than would occur in a larger pool of younger adults..In 2017, you are allowed to earn ,880 or in the months prior to full retirement age without any reduction to your benefits. If you earn more than that, Social Security will withhold in benefits for every over that amount..Month after month, year after year, unbeknownst to most of the public, thousands of people with no Social Security number are receiving Social Security benefits. The beneficiaries don't qualify for benefits based on their own work record. Eighty-three percent of them don't even reside in this country. A few of those receiving benefits are even dead..The continuing resolution will give appropriators in the House and Senate five extra days until Wednesday, December 16th to work out the final details of the omnibus. Senate Majority Whip John Cornyn told reporters on Thursday, "There are a few outstanding issues that have not yet been resolved." However, he said he's hopeful that the omnibus will be filed on Monday after a weekend of negotiations..Rather than making deliberate well-reasoned choices, our brains often latch onto the first piece of information offered when making a decision, even though we may not be aware we are doing so - a process cognitive scientists have named "anchoring." You already know how it works. We've all seen a sign like this: "SAVE! 4 cans of soup for $Limit 12 cans per customer!" How many cans would you buy?.Because Medicare Part B premiums are automatically deducted from Social Security benefits, retirees find it difficult to fully anticipate the squeeze that rising Medicare Part B can put on benefits and their budgets. In the past 15 years the percentage of the Social Security COLA increase has been lower than Medicare Part B premium increase 9 times.

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"The 6.7 percent increase in the Part B premium is the largest since 2006 for a year in which a COLA is payable," Johnson says. There have been bigger jumps in Part B premiums as recently as 2016 and 2017, but those were two years in which there was no or almost no COLA paid. This situation can cause unusually high Part B premium spikes..It also depends on the willingness of the American people to get the vaccine shot. Right now, there seems to be a reluctance among people because of, among other things, the uncertainty about the safety of a vaccine that has been rushed to market. It is a special concern for seniors because they do not often respond as well to medicines, including vaccines, as younger people do..In addition, one new cosponsor Rep. Marcy Kaptur signed on to Rep. Peter DeFazio's No Loopholes in Social Security Taxes Act, bringing the total to twenty-eight. Rep. DeFazio's bill would subject all income over 0,000 to the Social Security payroll tax, reportedly adding another fifty years to the solvency of the Trust Fund. Currently, the payroll tax is capped at 3,700, and no income over that amount is taxed. … Continued

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A recent report by the Office of Inspector General of the Department of Health and Human Services has also found that high price drugs are affecting federal spending on drugs and increasing federal payments for Medicare Part D catastrophic coverage. Once people hit the catastrophic level of Part D coverage, beneficiaries pay a 5% coinsurance for drugs while the Federal Government pays the vast majority of the remaining costs. But there is no limit. The Inspector General's report said that federal payments for catastrophic coverage in 2015 exceeded .2 billion in 2015, which is more than triple the amount paid in 20Incredibly, only ten high-priced drugs accounted for nearly one-third of all drug spending in catastrophic coverage in 2015..However, the swell of seniors who qualify for Medicare has outpaced the number of doctors available to treat them. Every day, an estimated 10,000 Americans turn 65 and become eligible for the government program, the Census Bureau reported..Also last week, House Democrats unveiled a range of health care measures to be included in their coming .5 trillion package, including provisions to lower prescription drug prices and expand Medicaid in the 12 GOP-led states that have refused to do so. The measure unveiled by the House Energy and Commerce Committee includes legislation to allow the Secretary of Health and Human Services to negotiate lower drug prices, known as H.R. 3. … Continued

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