On NBC's Meet the Press program on Sunday Dr. Michael Osterholm, the director.While the majority of workers pay Social Security on 100% of their earnings, people who earn the most, more than 8,500 a year, pay NOTHING on earnings over that amount..My wife and I run a small business and I'm turning 65 this year. May I postpone enrolling in Medicare Part B? My income is more than 0,000 and I'm concerned I will have to pay more because my income is over the limit.."The Underlying Causes Of Surprise Medical Bills," David Blumenthal and Shanoor Seervai, The Commonwealth Fund, April 26, 201"Surprise! Congress Takes Steps To Curb Unexpected Medical Bills," Julie Appleby, Kaiser Health News, December 22, 2020, "Surprise Medical Bills Cost Americans Millions. Congress Finally Banned Most Of Them." Sarah Kliff and Margot Sanger-Katz, The New York Times, December 22, 2020..According to another report in the Washington Post, HHS Secretary Alex Azar and "Seema Verma, administrator of the Centers for Medicare and Medicaid Services, are distancing themselves from the idea, each emphasizing that they were not consulted by the White House before the president's announcement, said three officials familiar with their thinking.".Alexandria, VA - Millions of the nation's oldest and poorest senior citizens would be compensated for the lower Social Security benefit they've received for more than 30 years under proposed bipartisan legislation. Introduced in the U.S. House by Representative Mike McIntyre, and in the Senate by Senator David Vitter, the bill is supported by The Senior Citizens League, one of the nation's largest nonpartisan senior citizens advocacy groups..This week, TSCL endorsed the Social Security Fairness Act, which was recently introduced in the House of Representatives by Congressman Rodney Davis with the bipartisan support of seventy-seven original cosponsors..The U.S. Bureau of Labor Statistics estimates that older households spend more than 46% of annual household budgets on housing. That includes not only a mortgage, but also real estate taxes, homeowners' insurance, maintenance and repairs, appliances and home furnishings, heating and cooling, electricity, water, and gas. Many older homeowners often pay for landscaping and housekeeping services as well..According to the Administration on Aging, almost half of older women, age 75+ live alone. While transition to assisted living is a complex decision for which there are no simple or quick answers, your friend would be wise to start making plans now while she is able to think the issues through. Planning now will allow for unpressured time to research living options, financial costs, and locating the supports she may need to live independently.

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The deduction is especially important to people age 65 and over, since spending on medical expenses increases with age, and healthcare costs can be considerable. About 23 percent of participants in The Senior Citizens League's 2018 Senior Survey said they routinely itemize medical expenses. A recent report from the non-partisan Kaiser Family Foundation says that Medicare households spent on average ,355 in 2016 on healthcare costs that Medicare doesn't cover. That's equivalent to ,700 in 2018 adjusting for inflation..New Legislation Aimed At Fixing Social Security and Medicare.The blueprint also lays out some modifications to the Social Security program. It would close the Disability Insurance trust fund's shortfall by transferring funds from the Old Age and Survivor's Insurance trust fund over a period of five years. TSCL's members and supporters overwhelmingly oppose the transfer of funds from one trust fund to another since it would put the OASI trust fund on worse financial footing. However, we were pleased to see that President Obama did not include the adoption of the "chained" CPI in his budget blueprint as he did two years ago. … Continued

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Social Security Made Simple: Social Security Retirement Benefits and Related Planning Topics Explained in 100 Pages or Less, Mike Piper, February 2017..Your persistent support in signing petitions, sending email, and letters to your Members of Congress have helped build the highest level of co-sponsorship in more than ten years..problems with her new blood pressure medication. It was one of the most common … Continued

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