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Trustees Release Annual Financial Reports.I look forward to working with my colleagues on both sides of the aisle to tackle these challenges. As we do, we must remember our sacred commitments to preserve Social Security and Medicare to the seniors who served and built our country..If true, how much would Social Security's financing be improved?.Senator Amy Klobuchar introduced S. 62 on January 9, 201It has since been referred to the Committee on Finance..To read the full statement from Chairman Cates on Thursday's Supreme Court decision, click HERE..So, I decide to put the bills back on the table and take out the trash first..The Notch Fairness Act, H.R. 615, introduced by Representative Ralph Hall, would allow Notch Babies their choice of a higher monthly benefit or a lump-sum of ,000 payable in four annual installments. The legislation would allow eligible survivors of Notch Babies, persons who receive Social Security benefits based on the account of a Notch Baby, to receive up to 100% of the benefit payable to the deceased..This week, TSCL announced its support for new legislation from Congressman Walter Jones that would create a Social Security guarantee for all eligible recipients. The Social Security Guarantee Act, if adopted, would guarantee by law the right of individuals to receive Social Security benefits in full and with accurate annual cost-of-living adjustments..But in 2017, if your AGI remains ,000, you could deduct only allowable medical expenses over 10% of your AGI, or ,000. If you again had medical expenses of ,000, you would only be able to deduct ,000. In this example you you would pay taxes on an additional ,250.

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Congress May Consider Ending Two Provisions That Reduce Social Security Benefits of Public Employees.COLAs are calculated using the Consumer Price Index for Urban Wage Earners. This simply does not make sense for seniors. This method of calculation considers spending habits of younger workers who are more likely to spend their dollars on electronic devices and consumer goods. Seniors are more likely to spend money on medical services and housing expenses. The prices of these items rise significantly higher than what the CPI-W calculates..The Centers for Medicare and Medicaid Services recently announced that the standard Medicare Part B premium will be 8.50 in 2021, an increase of .90 per month from 4.60 in 2020. That increase, which I earlier feared would be considerably more, was restricted by legislation enacted last fall. But even with legislation.TSCL Plays Role in Preventing Part B Premium Spike in 2021 The annual Social Security cost of living adjustment is just 1.3% this year, making it one of the lowest ever paid. But the standard monthly Medicare Part B premium increased by a modest .90, from 4.60 to 8.50, much less than TSCL initially feared it would be. TSCL's efforts to inform Congress and the.New Legislation Limits Stiff Increase Expected for 2021 Medicare Part B Premium With Medicare outlays spiraling due to outlays for COVID-19, Congress recently passed legislation to head off an expected Part B premium spike, by restricting the increase for 202TSCL has been warning about the potential of a low cost of living adjustment and spiking Medicare premiums since July of this year. … Continued

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After passing the so-called "cromnibus" late last week, Members of Congress returned to their home states and districts for the remainder of the year. They will return to Capitol Hill in January to begin the 114th Congress..Rep. Charles Gonzalez introduced this bill on January 26, 201It has since been referred to the Ways and Means Subcommittee on Social Security and to the Committee on Education and the Workforce..or the amount Medicare pays for the service. Do this before I have to nag you, … Continued