Changes are looming for Medicare and Social Security. Make your opinion count. Visit TSCL online at and take our monthly poll!.Your employer has more than 20 employees..may tend to lower your tax bill later, by reducing the required minimum distribution amount that you must take in order to avoid tax penalties after age 70 ½. Large required minimum distributions could also trigger taxes on up to 85% of your Social Security benefits in addition to a surcharge on your Medicare Part B and Part D premiums..The plan would comprehensively reform Medicare by transforming it into a "premium support" program, where seniors would be given vouchers by the federal government to purchase private health insurance coverage on a federal exchange. Experts predict that "premium support" models like the one laid out in the "Budget for a Brighter American Future" would result in substantially higher out-of-pocket costs for Medicare beneficiaries over time..New legislation before the House and Senate would repeal the Windfall Elimination Provision and the Government Pension Offset so that public servants receive the Social Security benefits they have earned and deserve. Will you cosponsor the Social Security Fairness Act when you return to Washington on Monday?.Some seniors may also experience income tax hikes this year particularly those who rely on investment income. Taxpayers with total incomes greater than 0,000 for individuals or 0,000 for joint filers will face a new 3.8 percent surtax on investment income. The Senior Citizens League fears that this new tax will disproportionately affect seniors at a time when they are struggling to keep up with rising costs. According to the Tax Foundation, reliance on investment income tends to increase with age, and 36 percent of taxpayers with dividend income and 38 percent with capital gains income are seniors..Key witnesses such as Mr. Richard Nance, Director of the Utah County Department of Drug and Alcohol Prevention and Treatment, advocated in favor of expanding telemedicine to treat those afflicted with addiction. Other witnesses such as Dr. Andrew Kolodny of Brandeis University warned that doctors need further education on safe opioid prescribing, and that it should not be influenced in any way by parties that benefit from the sale of opioids..In the months ahead, The Senior Citizens League will continue to advocate for these and other policy solutions that would strengthen and enhance Social Security benefits for current and future beneficiaries. For progress updates, follow The Senior Citizens League on Twitter.."The tax is a burden for middle class seniors," Cates says. The Congressional Budget Office estimates that 52 million Social Security beneficiaries paid 6.7% of their Social Security benefits as income tax in 2014 and projects that will rise in the future to 10% or more.

Patient Education Gestational Diabetes Overview

Trump Gives up his Demand for a Payroll Tax Cut.Your Social Security benefits are affected by the Windfall Elimination Provision. It affects people who have worked in jobs covered by Social Security and other jobs in which Social Security taxes were not taken out of your pay - like some government jobs, or for employers in other countries. The good news is that the WEP does not apply to survivors benefits, and because your wife worked in a private sector job that was covered by Social Security, she's not affected by the Government Pension Offset - a similar provision that reduces spouses and survivor benefits..After more than a decade of failed attempts to repeal and replace the sustainable growth rate the flawed formula that sets payment rates for doctors who treat Medicare patients Congress has finally succeeded in passing legislation to do away with it once and for all. In April, lawmakers in both the House and the Senate adopted a bipartisan bill that will permanently repeal the SGR, provide doctors with modest 0.5 percent payment updates over the next five years, and incentivize payment models that reward the coordination of medical care. … Continued

Nourish Slow Cooker Clam Chowder

In 2019, there are a total of ten different Medigap plans, "A" through "N." Congress closed Plans "F" and "C" because they cover the Medicare Part B deductible. The thinking is that deductibles prevent "over utilization" of Medicare benefits. The Part B deductible is 5.50 this year and it rises at the same pace as the Part B premium. According to research by Johnson, Part B premiums have increased about 10 percent per year since 2000, making it one of the fastest growing costs in retirement. "Requiring retirees to pay deductibles, or higher deductibles, has the biggest financial and health impact on middle-income Medicare beneficiaries with modest means," says Johnson. "Many put off medically necessary care if they can't afford the deductible, and their health can get worse when they do," she says..There were certain federal health programs set to expire at the end of May, but the expiration date was extended to Nov. 30 in one of the recently passed bills to deal with the coronavirus situation..Top 10 Fastest Growing Costs of Older Americans Since 2000 … Continued

Contact Atavista Farm Today!