Social Security Benefits Slowed Amid COVID-19 Deaths.Then, in September, our entire country was appalled when a 32-year-old former hedge fund manager, Martin Shkreli, jacked up the price of Daraprim - a drug used to treat a life-threatening parasitic infection in people with suppressed immune systems like cancer patients and people with HIV/AIDS - from .50 per tablet to 0, overnight..Some agree with the President's stimulative plans, however, many on Capitol Hill have aggressively opposed the extension. House Budget Chair Paul Ryan has been particularly outspoken about the tax holiday, referring to it as "sugar-high economics," and preferring instead a plan that includes comprehensive tax overhaul..If signed into law, the Notch Fairness Act would provide modest compensation to Notch babies, or those individuals who receive lower Social Security benefits because they were born between 1917 and 192TSCL feels that this inequity was brought about by the Social Security Act Amendments that were signed into law in 197Just years before they were set to retire, these individuals learned that they would have significantly lower benefits than originally anticipated. TSCL strongly supports the Notch Fairness Act, which would provide Notch babies with either a ,000 lump-sum payment or an increased monthly benefit..The benefit that you are entitled to receive on your own work record is less than the benefit you would receive on your ex-spouse's work record..The CBO option would change the taxation of Social Security to be more like distributions from defined benefit pension plans. Those distributions are fully taxable except for the portion that represents the recovery of "basis," or what an employee paid in - that is, his or her after-tax contributions to the plan. Once the recipient has recovered his or her entire "basis" all subsequent pension distributions are fully taxed..What would happen if the Supreme Court rules against Obamacare now that people already have purchased coverage? Will I have to repay my premium assistance subsidies? I qualified for ,456 in premium subsidies last year alone. Will plans be allowed to deny coverage based on pre-existing conditions again?.Medicaid currently covers about 60 percent of people in nursing homes. But to qualify, seniors in long-term care are required to "spend down" their life savings to the last ,000 and ,000 before Medicaid covers the bill. That won't apply to people younger than 65 under the new rules. Financial eligibility is based on modified adjusted gross income. Medicaid will no longer count how much applicants have in assets like savings and investments for this group of applicants as long as they aren't in long-term care. While that's likely to help more low-income seniors under 65 qualify for Medicaid, TSCL is concerned that it also opens the program to greater potential for gaming the system and fraud..More people than ever face a lower standard of living in retirement, according to a growing number of troubling new studies. There are several reasons why this is occurring:

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Keep retirement accounts invested in age appropriate choices..TSCL will be keeping a close eye on this subject because we know that so many seniors and their families are desperately hoping there will be some new breakthrough that will effectively treatment Alzheimer's and other forms of dementia. But the cost of this drug is so expensive, and it could have a major impact on the Medicare budget that already is in critical financial condition..The rapid growth in Medicare Part B costs is consuming an increasing share of beneficiaries' income. What proposals do you support to slow the growth in the out-of-pocket costs? … Continued

Poll Finding Health And Health Care Experiences Of Hispanic Adults

Today millions of older women are depending on insufficient Social Security benefits to get them through a retirement that can stretch up to 30 years. Low benefits mean people have to spend more of their retirement savings at a faster pace than anticipated..Changes in social activity level. What sort of social circle does your friend have? Besides getting together with you, does she visit with others, participate in religious activities, or other group events? Does your friend still work on favorite hobbies, or is she starting to drop interest?.If you don't want diabetic testing supplies delivered to your home, you can go to any local store that is enrolled in Medicare and buy them. Ask if the local store accepts "assignment" or the Medicare approved amount as payment in full. If they do not, the store may charge more than the 20 percent coinsurance and any unmet deductible. Shop around. Call your local stores and find out what your copayment would be first if you decide to pick up supplies instead. … Continued

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