Higher taxes and reductions to benefits are expected to top the discussions of the next Congress. If we intend to protect our Social Security and Medicare benefits, it's going to be up to us to play a major role in crafting the solution. We're out of time for partisan stand offs. This is not an "us versus them" situation. This is a "we" as in "we are all in the same boat." Please join TSCL in helping to be part of the solution. To learn how you can take part click the links to: sign a petition, make a donation, or become a member of TSCL..By Jessie Gibbons, Senior Policy Analyst.In one of our recent updates we said we hadn't heard anything new about the 0 drug discount card for seniors that President Trump had announced in September. The program ran into obstacles because of a number of issues, including how it was to be paid for and the fact that it could violate federal election laws as an attempt to buy votes using taxpayer money..The Notch continues because Congress has yet to enact legislation to correct it. Notch Reform has been a highly contentious issue. In 1994 the director of the GAO testified to the Commission on the Social Security Notch saying that the Social Security Trust Fund would not have built up adequate surplus "had notch legislation been enacted at an earlier date." Over those same ten years, however, from 1995 through 2004, the federal government used more than .4 trillion in surplus Social Security revenues that could have been used to pay Notch reform benefits to fund other government spending..Compare that to retiring early at age 6She'll lose ,437 in Social Security income. Her starting benefit will be permanently reduced by 25% to ,225, and even with receiving benefits over more years she'll receive only 3,228 over the course of her retirement. Her final benefit would be ,438..According to Bloomberg Government, members of the House Appropriations Committee are still negotiating the spending limits for each subcommittee, and they are far from a deal. House Minority Whip Steny Hoyer told reporters this week that he's doubtful Congress will finish the omnibus before the looming deadline..Extra Help pays for your Part D plan premium, up to a specific amount, based on your state..The ASPCA website, ASPCA.org, has information, including a helpful chart that can help you estimate the costs of owning a pet..How would this compare with the "senior" CPI, the Consumer Price Index for the Elderly ? Estimates for TSCL indicate that if the CPI-E were to be used to determine the COLA for 2017 the COLA would be 1.7% - 1.1% higher than COLAs under the CPI-W, but federal poverty levels will rise as well.

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Practice using the tool: Have your Medicare number, information about your current coverage, and a complete list of prescription drugs, including dosages and the number you need per month at hand. The Plan Finder will ask you to provide information including your zip code, current Medicare coverage, the drugs you take, the pharmacies you plan to use, and whether you want to see just Part D stand alone plans or Medicare Advantage plans or both. For meaningful results accurately enter all your prescriptions. When complete get your Drug List ID number, print it out and save it. You don't want to enter it again every time you revisit the Plan Finder and invariably you will..Independent financial planners (who don't sell long term care.Social Security benefit "boost" legislation under consideration in the House not only would boost benefits by about per month on average, it also includes a provision that would allow senior taxpayers to keep more of their money. Under current law, up to 50% of Social Security benefits are taxable when the sum of the recipients' modified adjusted gross income, plus half of Social Security benefits, exceeds ,000 for a couple filing jointly, or ,000 for a single taxpayer. As much as 85% of Social Security benefits may be taxable when the income is above ,000 for joint filers, or ,000 single filers. Revenues from the taxation of Social Security benefits flow to the Social Security and Medicare Trust Funds, and go towards the financing of benefits. … Continued

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month for a 30-day supply, and her drug plan did not cover it. Because she was.The CPI-E Act, if signed into law, would amend the Social Security Act with regard to the annual cost-of-living adjustment for Social Security and Medicare benefits. Currently, the COLA is based upon the spending patterns of young, urban workers, but this legislation would calculate the COLA based on the spending patterns of seniors..The 2013 COLA will be announced October 16, 201Based on CPI-W data through June 2012, TSCL's Advisor editor Mary Johnson forecasts that the COLA payable next year will be about 1.4% - 1.5%. That would make it one of the lowest COLAs paid in the 38 years since the COLA became automatic. … Continued

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