At this point in time, it remains to be seen whether or not lawmakers will successfully avert the October 1st shutdown. Leaders in the House have already cancelled the week-long recess that was scheduled to begin on September 23rd, and according to Congressional Quarterly, a Senate vote on the measure could come as late as September 29th just one day before funding for federal agencies expires..Social Security Benefits Slowed Amid COVID-19 Deaths.investment portfolio knows your age and your upcoming income needs. You may."Medicare Beneficiary Savings and the Affordable Care Act," Department of Health and Human Services, February 201"Reliance on Capital Gains and Dividend Income Tends to Rise with Age," Tax Foundation, December 2005..From a tax perspective, your distributions from a traditional IRA or 401 are 100% taxable, while distributions from a Roth IRA or 401 are not taxable. Up to 85% of Social Security benefits may be taxable but, for many people, the taxable percentage is much lower..Congress Adjourns for Summer Recess.TSCL enthusiastically supports H.R. 1391 since it would strengthen the program without cutting benefits for seniors. We were very pleased to see support grow for it this week..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..This week, Members of one Senate Appropriations Subcommittee approved a spending bill that would fund the Social Security, Medicare, and Medicaid programs through fiscal year 201In addition, The Senior Citizens League saw three key bills gain support.

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Sixteen major brand name drugs are going generic this year and another 25 are in the generic pipeline for 201Generic drugs can provide a savings of about 30-80% on the cost of your prescription when compared to brand pricing. But it could take up to a year or more before you and your health plan see substantial savings..This week, lawmakers remained in their home states and districts to finish the two-week spring recess..Earlier this fall, the U.S. Energy Information Administration projected that home-heating fuels would cost about 20 percent more during the upcoming heating season, but the most recent Consumer Price Index data from October 2017 through October 2018, released by the Bureau of Labor Statistics, indicates that heating-fuel costs appear to be climbing even faster and are now 26.2 percent higher than October 2017. … Continued

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TSCL is adamantly opposed to "Chaining the COLA" and continues to fight it. TSCL is gathering the signatures of thousands of seniors. Should the plan achieve passage, TSCL is prepared to lead a national repeal campaign of the same kind that resulted in the immediate repeal of "Medicare Catastrophic" in the late 1980s. To sign a petition or to learn how you can take part in our campaign, visit TSCL on the web at..Hearing aids and batteries..Caregiving, however, is a huge commitment in time and financial resources for the caregiver, who often has to take time off from work, and give up his or her own retirement savings to provide care for others. Although Susan's mom receives Railroad Retirement benefits and has a small savings to reimburse Susan for expenses, Andrew, who is too disabled to ever have ever worked, is dependent on Medicaid and receives only a modest monthly Social Security disability benefit of just Susan and her husband cover all the rest of Andrew's expenses - housing, food, uncovered medical expenses, transportation, clothing, and anything else. … Continued

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