From The Election Administrators PerspectiveMedicare drug plan finder at..More Means Testing For Medicare: Higher income seniors with incomes of more than ,000 already pay more for their Medicare Part B and Part D premiums. More seniors will pay the higher costs in the future because the income threshold is not adjusted for inflation. President Obama has proposed raising the amounts that higher-income seniors would pay, and proposes new income thresholds that would push seniors into higher premium brackets more quickly..According to TSCL's 2021 study of typical retiree costs, the average Medicare recipient can expect to spend more than ,000 per month on healthcare costs this year. Considering that the average retiree benefit is just ,550 per month, that doesn't leave much wiggle room for everything else in a year of spiraling inflation. Paying for food gasoline, or home and auto insurance is more challenging this year than it has been in 13 years. … Continued
Health Covid 19 How Crisis Further Complicates Behavioral HealthPrior to their recess the House of Representatives was able to pass 10 of the 12 spending bills that are needed to fund the government for fiscal year 2020. However, as has been the case for several years, the Senate lags behind. As a result, the Senate has been discussing combining various spending bills instead of passing them one by one..That's correct, you can work while receiving a Social Security retirement, or survivors' benefit. The Social Security Administration even says it could eventually mean a higher benefit for you, but it could also mean that your Social Security benefits may be reduced - at least temporarily - when you earn more than the annual limit. In addition, your earnings may subject a portion of your Social Security benefits to taxation..Retirees need to pay attention to income from tax-deferred retirement accounts, pensions, annuities and Social Security benefits, in addition to other streams of income from any jobs, rental property, or income from a business. Failing to pay the right amount throughout the year could subject you to a tax penalty next April when your federal return is filed. … Continued