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physical or mental condition at some point that will cause them to need help.If you're preparing for a long sea journey and about to set sail in stormy waters would you knowingly board a ship without adequate lifeboats or an emergency plan? Dumb question, I agree, but this is what the nation's retirees and Baby Boomers are getting ready to do,. The upcoming election will be one of the most important votes we ever make to determine the future of our Security and Medicare benefits. But voters are headed to the polls with frustratingly few details about candidates' plans..This week, lawmakers returned to Capitol Hill to begin the "lame duck" session of Congress. Those in the Senate plus Republicans in the House held leadership elections for the 116th Congress. In the Senate, key leadership positions will remain largely unchanged in 201Senator Mitch McConnell will once again serve as the Senate Majority Leader, while Senator Chuck Schumer will remain the Minority Leader in the 116th Congress..the doctors, and many are not filling prescriptions. But foregoing healthcare.Social Security Cost of Living Adjustment Ensuring a fair, accurate, and guaranteed COLA..Your benefits would drop further as rising Medicare costs take a bigger portion of Social Security payments. This is already occurring even under current law, but the problem would be accelerated if Social Security benefits grow more slowly, and if Medicare cuts make seniors pay more for their healthcare..Medicare Part B premiums were found to be the fastest growing cost for seniors, increasing by 195 percent over the eighteen-year period. Average out-of-pocket spending on prescription drugs followed closely behind, increasing by 188 percent. Meanwhile, between 2000 and 2018 the COLA increased Social Security benefits by only 46 percent..Would a Higher Cost-of-Living-Adjustment in Social Security Make Me Ineligible for Medicaid?.He had demanded a payroll tax cut previously this year. Thankfully, Congress did not go along with him when it passed the previous legislation meant to deal with the coronavirus pandemic and the ailing economy that resulted.

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According to the CBO report, the fiscal shortfall is largely due to the growth of Social Security, Medicare, Medicaid and interest payments as a share of the country's gross domestic product, while tax revenue stays relatively steady and spending for other programs drops..Should that come about you can be sure that TSCL will be fighting as hard as we can to stop any new attempt cut those programs that you've earned with your years of hard work and contributions to them and that you now depend on..Use distributions from Roth accounts to minimize taxation of Social Security benefits. Unlike distributions from traditional IRAs and 401s, qualified distributions from Roth IRAs - those taken when you are over 59½ and the contributions were made more than five years ago - will not subject your Social Security benefits to taxation. To minimize taxation of your Social Security benefits, consider taking distribution from your Roth IRA, and let your Traditional IRA or 401 grow until you reach age 70 and a half. Once you reach that age, distributions of Traditional IRAs and 401s must start by April 1 of the year following. … Continued

Twin Cities Hospitals Face Critical Shortage Of Pain Medications

With over 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 The Retired Enlisted Association..The Medicare Physician Payment Innovation Act, if signed into law, would repeal the SGR and set up a five-year trial period during which physician payments would stabilize and the Centers for Medicare and Medicaid Services would test new payment and delivery models. TSCL strongly believes that the SGR breeds uncertainty in the Medicare program for both physicians and beneficiaries. Many doctors have stopped accepting Medicare patients, and many more are threatening to do so if a permanent solution is not established soon. We believe that Rep. Schwartz's bill would bring increased stability to the program, and we urge Congress to pass it by the end of this year..No. Citizenship is not a requirement to become eligible for either Social Security or Medicare. All that's required is legal work authorization, and a valid Social Security number, which undocumented immigrants would receive under the new executive action. After working for a long enough period, usually about ten years, individuals become eligible for Social Security retirement benefits when they meet age requirements. If they are eligible for Social Security, individuals automatically become eligible for Medicare at age 65, or after a two-year wait if disabled. … Continued