On the other hand, the standard deduction for 2020 has increased slightly and is ,800 for married couples filing jointly. In addition, if both you and your spouse are age 65 and older you add an extra ,300 to the standard deduction for a total standard deduction ,100. That means your total itemized deductions will need to be higher than ,100..What do you think? Take TSCL's 2016 Senior Survey..The disability program has been redeeming the assets, or IOUs, held in the DI trust fund for several years and is projected to become totally insolvent in 201Upon insolvency, legislation would be required if the DI trust fund were to borrow money in order to pay benefits, even if the money is borrowed from the OASI trust fund. The two funds have borrowed from each other in the past. During the 1980's, the OASI trust fund borrowed from the DI trust fund and the money was later repaid. However, in 2018 the OASI trust fund will be facing its own financial problems..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..There is a warm can of soda sitting on the window ledge..If you plan to cash out your home equity, it's important to have a very clear idea of how that money will be used and how it would benefit your retirement plan. For example, refinancing to do repairs and make improvements that add value and safety to your home benefit your retirement plan. Taking money out for a vacation or to support adult children doesn't offer any financial benefit to your retirement..On Wednesday, with a vote of 236-191, lawmakers in the House passed a .7 billion spending bill that would fund DHS through the remainder of the fiscal year. They also passed five amendments to the bill that would address President Obama's recent immigration orders..If you receive a call claiming to be your utility company and feel pressured for immediate payment or personal information, hang up the phone and call the customer service number on your utility bill..Last year, the Social Security Trust Fund fell into deficit, paying out more than received in revenues for the first time since 198The new incoming Congress will undoubtedly consider long-term proposals that would cut Social Security benefits. But at the same time, Totalization with Mexico would add potentially millions of new beneficiaries to the rolls - beneficiaries whose checks are based, at least in part, on illegal work.

Health Costs Perspective Why Low Growth In Health Costs Still Stings

The survey found that a person receiving the national average Social Security benefit in 2000 - 6 per month - would have ,193.10 per month by 201However, because retiree costs are rising at a substantially faster pace than the COLA, that individual would require Social 0.30 more per month, or ,603.40 in 2018, just to maintain his or her 2000 level of buying power..According to an article by StateNews.com, pharmaceutical manufacturers have been pouring millions of dollars into this year's Congressional campaigns..Needless to say, the Centers for Medicare and Medicaid Services still lacks the effective oversight to monitor the wasteful payments that continue to plague the system. The Obama administration has made efforts to increase Medicare's accountability and reign in the waste and fraud that remain at an all time high level. In an education initiative, President Obama recently announced an increased effort and funding for a "Senior Medicare Patrol" program designed to educate Medicare beneficiaries on fraudulent spending from healthcare providers. The goal is to bolster Medicare fraud education programs for seniors across the country, highlighting ways to spot and report suspicious fraudulent activity from healthcare providers. … Continued

Report Section Data Note 2019 Medical Loss Ratio Rebates Data Note

Senate Committee Debates Future of ACA.One of the biggest traps to determining Medicare premiums based on income is how the government defines "high income." Social Security's rules can snag even modest-income people. This can happen when a home is sold or when converting retirement accounts. One-time capital gains can put seniors over the Medicare income thresholds. The higher Medicare premiums reduce monthly Social Security benefits for an entire year. Should your mother's income in 2010 return to more modest levels she won't have to pay the means test premium surcharges and her Social Security benefit should return to more normal levels next year..Over the past decade, there has been no COLA at all three times - in 2010, 2011, and 201In 2017 the COLA was just 0.03%. The 2021 COLA of 1.3% is one of the lowest COLAs ever paid. TSCL feels this is a clear sign that the inflation adjustment for Social Security benefits is failing the very people it was designed to protect. … Continued

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