State Category Medicare Medicare SpendingWhen Medicare solvency is under discussion, the focus is often placed on the Medicare Part A Trust Fund, which is primarily financed by payroll taxes. The last time Medicare Part A Trust Fund was forecast to become insolvent was in 200That year, the Medicare Trust Fund was forecast to become insolvent by 201In 2010, Congress enacted the Affordable Care Act which changed Medicare revenues in two ways. It added an additional payroll tax of 0.9% to the 1.45% of Medicare taxes paid by high earning individuals with wages over 0,000. A second provision affecting individuals with this level of income, imposed a new 3.8% tax on a portion of net investment income. Estates and trusts can also be subject to this tax..consider policies from companies that sell long-term insurance plans in.This year we celebrated the 50th anniversary of Medicare. Signed into law by President Johnson on July 30, 1965, Medicare has proven itself to be an American success story. At the time of enactment, only half of America's seniors had health insurance, leaving an already vulnerable population one illness away from financial ruin. Medicare ensures that seniors will get the health coverage they worked a lifetime for. It provides seniors and their families with peace of mind and allows all Americans to age with dignity. In my home state of Pennsylvania alone, over 2.3 million seniors rely on Medicare for their health coverage. … Continued
Report Section The Uninsured And The Aca A Primer Key Facts About Health Insurance And The Uninsured Amidst Changes To The Affordable Care Act ConclusionRunning for election to Congress has become incredibly expensive and lawmakers spend a great deal of their time all year long raising money to pay for their campaigns..TSCL encourages you to stay informed and ask questions about any and all issues that matter to you! Our site offers information on how to contact your Member of Congress, weekly and monthly legislative updates, petitions, and congressional responses to our petitions. Simply click on the links on the right-hand side of your screen..The age at which individuals become eligible for full, un-reduced Social Security benefits is rising. Your full retirement age is based on the year when you were born and, for people born in 1960 and later, the full retirement age is 6The earliest age at which you can claim a retirement benefit is 6However, claiming benefits prior to your full retirement age comes with expensive trade-offs. It's unlikely to be your best choice if your aim is to maximize your retirement income over the long haul. … Continued
