Starting distributions from your retirement savings ahead of age 70 ½.The 2017 tax law contained a provision for all taxpayers, that temporarily increased the deduction for qualified medical expenses. Taxpayers are allowed to deduct qualified medical expenses in excess of 7.5 percent of their adjusted gross income for the 2017 and 2018 tax years. In 2019, the threshold will become less generous for all taxpayers, rising to the excess over 10 percent of AGI..To find the Meals on Wheels program in your area, check the Eldercare Locator or call your local Area Agency on Aging..If adopted, S. 99 would provide for the negotiation of lower covered Part D drug prices on behalf of Medicare beneficiaries and the establishment of a formulary by the Secretary of Health and Human Services under Medicare Part D.."Doctors and experts say that improved medical tactics and earlier treatment are helping improve the outcomes for very sick patients, said Andrew Badley, head of Mayo Clinic's Covid Research Task Force..If you are having trouble affording costs as they are in 2014, premiums and possibly some of your out-of-pocket costs may be higher in 201If your premium subsidy remains unchanged, that would mean it would be up to you to cover increased costs.."… Recently, our offices have received a significant increase in complaints from constituents who have gone weeks without receiving mail, similar to the surge of complaints we received last summer in the wake of USPS cuts and policy changes. These delays have had significant harmful impacts on the lives of our constituents. Because of these delays, our constituents have received bills after the dates on which payments were due or their payments were never received, and they have been forced to pay late fees..This week, the White House held its day-long Conference on Aging and The Senior Citizens League announced its support for one new piece of legislation..On Monday, the White House held its Conference on Aging, which occurs once every decade with the purpose of discussing and advancing initiatives that will improve the lives of older Americans. Several members of the Obama Administration were present at Monday's event, and President Obama himself gave remarks on the challenges facing seniors today.

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Social Security beneficiaries received a 2% cost-of-living adjustment this year, but most have seen their benefit increases completely offset by higher Medicare Part B premiums. Do you support legislation that would give older Americans a more fair and adequate Social Security COLA?.Although the Social Security trust fund is often reported as being solvent until 2033, there are two separate trust funds, each with separate insolvency dates. The trust fund for the disability insurance program is in the biggest financial trouble and is estimated to become completely exhausted in 2016 or by 2017[1]. "With 2016 being a major presidential election year, either the next Congress will need to enact program changes next year, or risk running out the clock and triggering across the board benefit cuts," Cates points out..As the demographics of America shift, health care services must evolve to meet new and increasing demands. The main factor driving projected growth in federal spending on major health care programs is the aging population. The Congressional Budget Office has projected that the number of people age 65 or older will increase by roughly one-third over the next decade, and 80 percent by 2039. … Continued

Understanding Social Pain In The Pandemic

A majority of the 60 million senior and disabled Americans who receive Social Security depend on it for at least 50 percent of their total income, and one–third of all beneficiaries rely on it for 90 percent or more of their income. To help protect the buying power of benefits, TSCL supports bipartisan legislation called the Fair COLA for Seniors Act that would base COLAs on the Consumer Price Index for the Elderly. To learn more, visit..In the meantime, leaders in Congress are working on a plan to fund the federal government past January 19th. In a joint statement released on Wednesday, Senate Majority Leader Mitch McConnell and Speaker of the House Paul Ryan said: "It is important that we achieve a two-year agreement that funds our troops and provides for our national security and other critical functions of the federal government.".State and local property taxes up to ,000. … Continued

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