Only last year the Comptroller General of the United States, David Walker, warned Congress about this very thing saying, "Doing nothing, means that we are going to head to a precipitous decline in benefits. Remember the Notch Baby problem? This would be a Notch Baby problem magnified multiple times and it should not be allowed to happen.".Cook big batches of soups, stews and casseroles, and freeze extrMake big batches of soups, stews and casseroles, then freeze servings for one or two. All use less expensive cuts of meats, poultry, and fish. Many can be stretched and made all the more delicious with the addition of vegetables and cooked dry beans. Save the most by making your own stocks, rather than buying the heavily sodium-laden variety off the shelf. A simple stock or stew base requires only carrots, onion, and celery, perhaps some garlic, water, and a small amount of salt. Try growing your own parsley and thyme to add year round. Recycle yogurt, cottage cheese and other small plastic containers for freezer containers. Mark with contents and date..Can the legislation be fixed in order to prevent this from happening? TSCL strongly believes that the cost of providing relief for the taxation of Social Security benefits can be worked out, if there's a will in Congress to make it happen. Provisions can be tweaked and phased in to make the budget math work. Your input at this point is critical. We urge you to write or call your Representative and ask him or her to help move this legislation that would boost your Social Security benefits, provide a slightly higher COLA, and provide a modest tax cut for millions of retirees with modest benefits..What that means, in plain language, is the President is suggesting that for an unspecified "short term," taxes paid by workers into the Social Security system be suspended, further weakening the Social Security system..To help make the right saving and distribution decisions, get professional advice from professional financial advisors..TSCL hopes that most of these people who lost SNAP benefits at least received emergency stimulus payments in 2020 and 2021 to help cover the loss of these benefits. But we are highly concerned that a high COLA could have similar unintended consequences for low income retirees in 2022..Some home healthcare can be deductible. In order for home healthcare expenses to be deductible, those who require the care must be unable to perform two or more of six activities of daily living and have a plan of care from a physician that specifies help with these tasks..Do you suspect someone of committing disability fraud? Learn how to report fraud online at the Social Security Administration's Office of the Inspector General or call or write the Fraud Hotline..Medicare Part D prescription drug coverage hit a new milestone this year. The highly - loathed "doughnut hole" or "coverage gap" closed this year. But that doesn't mean prescriptions will be free. The co-insurance in the former Part D doughnut hole dropped to 25% of all drug costs. That's the good news. But the out of pocket spending that's required to qualify for catastrophic drug coverage took a big jump, from ,100 in 2019, to ,350 an increase of ,250. That's the biggest jump in the out-of-pocket threshold since the start of Part D in 2006.
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Here is a portion of that report:.If adopted, the Ways and Means Committee's bill would increase the federal deficit by .5 trillion over ten years and according to budget experts, the projected economic growth due to its passage would not come close to offsetting the cost. TSCL is concerned that the Tax Cuts and Jobs Act if signed into law would open the door for major cuts to programs like Social Security, Medicare, and Medicaid..Social Security Cost of Living Adjustment Ensuring a fair, accurate, and guaranteed COLA. … Continued
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Now Medicare Part A is facing insolvency once again, this time around 202Health policy experts are now proposing that the revenues raised by the 3.8% net investment income tax should be "re-directed" to the Part A Trust Fund rather than the federal government's general revenue..Which Repairs Are Worth Doing Before Selling A Home?.The Senior Citizens League would like to remind you that Election Day is Tuesday, November 6th. Contact your local government if you require voting assistance. In most states, those who have trouble casting a ballot due to physical barriers are entitled to request assistance. … Continued