Blog Nebraska Election Tech Committee Meets To Consider OptionsAt a prescription drug forum in Central Virginia in November 2019, I heard from seniors who share these feelings. They're tired of seeing their drug costs rising. They're tired of having no way to understand why these prices continue to spike, and they're tired of lawmakers who refuse to act on an issue that impacts millions of seniors and families across our country each day..Consumer Reports makes a good point. When you stick with the higher costing brand, the entire cost of the drug under that plan will apply towards your initial coverage limit, pushing you toward the doughnut hole coverage gap. That raises the chance you will use up your limit before the year's end and you'll pay half the cost of the brand name drug in the doughnut hole, and 79% on any generics. You may want to ask your doctor to prescribe the generic version of the drug whenever available..Retirement accounts allow your savings to grow tax-deferred, but the rules change when you turn age 70 ½. At 70 ½, traditional IRAs require the owner to take required minimum withdrawals and you can't contribute any more savings. But you can still continue to put money into other types of retirement accounts, including Roth IRAs and some types of 401s, as long as you have earnings from jobs. … Continued
Redistricting Census And Redistricting ProfilesSeniors know how important Medicare is to their well-being, both health-wise and financially. But many doctors have long complained that Medicare does not pay them enough. And until the coronavirus came along, cuts in the reimbursement rates paid to doctors were scheduled to take place..Only last year the Comptroller General of the United States, David Walker, warned Congress about this very thing saying, "Doing nothing, means that we are going to head to a precipitous decline in benefits. Remember the Notch Baby problem? This would be a Notch Baby problem magnified multiple times and it should not be allowed to happen.".Starting January 1, 2014, all Americans are required to have health insurance. People who can afford it, but don't purchase health insurance by that date, may have to pay a fee, and must also pay the entire cost of all medical care they may later require. The fee in 2014 is 1% of your yearly income, or per person for the year, whichever is higher and that fee increases every year. By 2016, it is 2.5% of income, or 5 per person, whichever is higher. … Continued