Medicare's annual Part D Open Enrollment. Case in point: My client had.There is real concern that many people who are treated for the coronavirus could end up with surprise medical bills. Because of that Democrats want to make health-care services free to people who contract the new coronavirus. If treatment were free, those with the virus wouldn't have to fear surprise medical bills. That would, of course, still leave unsolved the issue of surprise billing for other types of treatments..Age doesn't matter for contributions to some types of 401s. Regardless of age, you can continue to contribute to a traditional 401 as long as you own less than 5% of the business you are working for. You aren't required to take required minimum withdrawals..Get an annual check up. Case in point: I recently helped a.With about 1 million supporters, The Senior Citizens League is one of the nation's largest nonpartisan seniors groups. Located just outside Washington, D.C., its mission is to promote and assist members and supporters, to educate and alert senior citizens about their rights and freedoms as U.S. Citizens, and to protect and defend the benefits senior citizens have earned and paid for. The Senior Citizens League is a proud affiliate of TREA The Enlisted Association. Please visit or call for more information.The recent battle in Congress over lifting the debt limit contained mostly good news and some not so good news, for disabled and retired Americans. The legislation rolled back an unprecedented 52% spike in Medicare Part B premiums due to affect about 15.6 million Medicare recipients, and it prevented a 19% cut in Social Security Disability Insurance benefits due to occur later this year. But the legislation contained no Cost-of-Living Adjustment relief for 2016, and closed off one of the few claiming strategies that some Americans have to boost their Social Security payouts..The Social Security Cost-Of-Living Adjustment is likely to be the first target for cuts. Most deficit plans in recent years propose tying the annual inflation boost to a more slowly - growing consumer price index known as the chained CPI. The new tax legislation, in fact, adopts the chained CPI to adjust tax brackets and the new expanded standard deduction. That will mean the standard deduction will grow more slowly than before and that people will wind up in higher tax brackets, or a greater portion of their income will be subject to tax, more quickly than before. For retirees, the chained CPI would mean lower COLAs, as well - if Congress extends the change to Social Security..A major factor in delaying Social Security is your life expectancy, and the age at which you would come out ahead. Chances are you would be ahead by your early 80s. Average life expectancy for men is 84 and nearly 87 for women, and more people these days are living well into their 90s..It also seems to be a more severe flu strain than the seasonal flu which means more people require greater medical care. For most people this flu is survivable but without the extra medical care that someone might normally need they may succumb to it.

Blog Public Policy 9

TSCL surveys have found that there is no public support for benefit cuts. On the other hand, 79% support eliminating the taxable maximum cap on earnings so that the highest paid workers pay Social Security taxes on all of their income, not just part of it as they do today..The situation is caused by a drop in the average wage index which is used in the Social Security benefit formula. Normally, wages tend to go up year over year. But in 2020, the COVID-19 recession and sudden high unemployment may have caused the index to plummet. This type of benefit reduction is known as a "notch" and these people are the "1960 Notch Baby Boomers.".By Senator Elizabeth Warren … Continued

Ncsl In Dc Publications And Resources Capitol To Capitol Nov 19 2018

Without changes to the current law, disabled beneficiaries face cuts of about 20%[i] by 201"The Senior Citizens League is calling on Congress to put forth its plan to ensure that the disability program can continue to pay promised," states TSCL Chairman Ed Cates..President George W. Bush proposed overhauling Social Security into a system of private accounts that would be invested in the stock market. The proposal never was passed into law, due to its unpopularity with the public. Before the proposal could gain traction, the Great Recession pounded the stock market, bringing a temporary end to the idea of investing Social Security payroll taxes into private individual retirement accounts. Between the peak of the stock market on October 9, 2007 and the low in March 2009, equity prices fell 50 percent, proving to many that the fixed benefit structure of Social Security is still desirable..Rushed or pressured to sign papers. Is the salesman or dealer herding you into an office and telling you to sign now or lose your deal? That's a sure sign it's a deal worth missing. … Continued

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