The problem is well known, but so far Congress has taken no action to address it. The Medicare Trustees have for years described in their annual report how rising Medicare costs will take an ever-growing portion of Social Security benefits. They estimate that Medicare Part B and Part D premiums, as well as cost sharing for both programs, currently equals just 24 percent of the level of the average Social Security benefit. But that estimate does not include many of the typical Medicare costs that most retirees actually have, and thus understates the scope of the problem. The findings based on your participation in TSCL's annual Senior Survey is proof of that..Drug Discount Card May be Illegal."Medicare is also in the cross - hairs for massive changes," Johnson says. The budget resolution stipulates major changes that would focus Medicare on a system of private insurers, and provide beneficiaries with premium subsidies to shop for their own health insurance. A Congressional Budget Office report has found that similar proposals in the past would shift a growing portion of costs to older Americans. In that 2013 report, the CBO estimated that Medicare beneficiaries' premiums would be about 30 percent higher by 2020 than under current law..Article I of the United States Bill of Rights guarantees citizens the right to petition the government for "redress" of grievances. Individuals build greater political clout when they join forces with other like-minded activists to press for change. Time is running out for Notch Babies. TSCL members and their families, friends, and supporters will not allow the Notch Issue to quietly die away, but will continue to press for compensating those born during the Notch period as long as they set that as their number one legislative goal..The Joint Committee of Taxation estimates this option would increase revenues, in other words, raise your taxes, by 1 billion from 2019 through 202The increase would be even greater after the temporary provisions of the 2017 tax legislation, that lowered rates and increased the standard deduction, expire at the end of 2025..Action from Congress is needed to address Social Security's looming shortfall. Without it, the Social Security Trust Fund is estimated to run short by 203Should that occur, benefits would be reduced by about 22% to match the level of payroll taxes coming in..I started benefits at age 63 after losing my job in 201I was able to find new employment the following year in 201I received a letter from Social Security stating that I was overpaid for 2014 because they estimate that I earned 0,320, and that I need to repay more than ,000 in overpayments! Where did they get that? I only worked part time and earned ,200. What can I do?.When left untreated, these conditions often cause serious health complications and injuries. But when treated successfully, the result is improved overall health and lower costs for Medicare and patients. For example, Mary J. who lives near Charlottesville, Virginia recently told us she suffered for years with severe chronic pulmonary and gastric infections. After periodontitis was discovered and treated with oral surgery last year, her chronic cough and inflammatory symptoms cleared up completely. Since then, Mary has successfully gone without inhalers and frequent visits to her primary care physician, gastroenterologist, and pulmonologist, saving Medicare thousands of dollars..Lawmakers Debate Spending Bill, Immigration

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How To Increase Medical Tax Deductions for Older Taxpayers.Washington, DC) How is the pandemic affecting retirement savings? Forty - eight percent of retirees with retirement accounts say that their savings have not recovered pre-pandemic levels, according to a new survey by The Senior Citizens League. "There's no doubt about it, the Coronavirus - caused recession is forcing many older adults to rethink retirement plans," says Mary Johnson, Social Security and Medicare policy analyst for The Senior Citizens League. "While the U.S. stock market ended 2020 at an all - time high, the retirement savings held by many retired adults do not appear to have benefited from the run up," Johnson says. "This is exactly why the guaranteed income nature of Social Security is so important," she notes..Born and raised in Minnesota, Larry Madison moved to the Washington, D.C., area in 1987 with his family to pursue a career as a copywriter and account executive at The Viguerie Company, a nationally known political fund-raising firm. After three years at TVC, he left to become head of fund raising for the American Defense Institute, and then for the American Security Council, both non-profit organizations involved in supporting a strong national defense. … Continued

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To read our full recommendations to Congress or for more information on the recent budget deal, visit our website at.."Depending on how long it takes one's retirement savings to recover, the 2020 coronavirus recession could have a deep and life changing impact on the retirement security of older Americans," says Johnson whose own retirement savings were negatively impacted by the Great Recession of 2007- 0"Those who have lost significant sums might plan to work longer and retire later if they can," says Johnson. "Those who were working and have lost a job and their employer - provided healthcare coverage may wind up working for lower earnings, and could potentially experience worse health," she notes..Federal Court Halts Implementation of Immigration Orders … Continued

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