In the days and weeks ahead, TSCL will be keeping a close eye on the evolving tax reform discussions on Capitol Hill and we will continue to advocate for policy options that would ensure the financial security of older Americans, like the three mentioned in last week's legislative update. For progress updates, visit the Legislative News section of our website or follow TSCL on Facebook or Twitter..Here are six steps to take now that can help you slow hitting the doughnut hole.Medicare has been subject to automatic 2 percent spending cuts since 2014, enacted as a provision of the Budget Control Act of 201Providers continue to bill Medicare in the normal way, but they are only paid 98 cents on the dollar. According to a FAQ from the House Committee on the Budget, the Medicare spending cut for the government's fiscal year 2021 which starts October 1, 2020, will reduce spending by .2 billion..TSCL also supports a second Notch Baby bill that Representative Emerson has introduced in the past - the Notch Baby Health Care Relief Act. That bill would provide a tax credit for the Part B premiums paid by Notch Babies born 1917 through 1926..Even though the rate of inflation is dropping, a proposal that would switch to a more slowly-growing CPI to calculate COLA continues to be pushed by proponents on both sides. The Congressional Budget Office has estimated that the "chained" CPI would reduce the federal budget deficit by more than 0 billion in the first ten years. It would do so by cutting the growth in a host of federal benefit programs, including military retirement in addition to Social Security, as well as increasing revenues if used to index the tax code..TSCL Supports New Bill.Increasing the payroll tax rate. Survey results have also shown strong support for a gradual increase in the payroll tax rate from 6.2% to 7.4%. An increase of that size would amount to an extra 50 cents per week for the average worker an amount that most feel is fair and practical..you have assets exceeding million, you should be able to pay for care.The average Social Security benefit today is only ,240 a month. That's only 25% above the federal poverty level. More than one -third of all recipients depend on Social Security for 90% of their retirement income.

Change To Chill Local Students Take Action To Ease School Stress

To say the least, it is controversial and there is reason to doubt it works. We know for sure that it is incredibly expensive. Having said that, here is some of the information we have seen..Surprise Billing.In April, House lawmakers voted on a balanced budget amendment to the constitution that would have been disastrous for Social Security and Medicare beneficiaries if adopted. Did you support this drastic measure, and if so, why? … Continued

State Indicator Percent Of Adults Reporting Not Having A Personal Doctor By Sex

Medicare Advantage plans are popular in many areas of the country for low, monthly premiums, having an annual out-of-pocket maximum, and for offering supplemental benefits not currently covered by Medicare, such as dental and vision coverage. Most Medicare Advantage plans also provide prescription drug benefits..The coronavirus emergency spending bill that Congress just passed was not "paid for," in Washington's language. It was added to the deficit, which means the government will borrow the money to pay for it..With President Obama pushing for an immigration bill "by the end of the summer," Congress is rapidly moving major immigration reform legislation. Under the bill passed in the Senate, an estimated 8-11 million unauthorized immigrants would receive work authorization, giving them access to Social Security numbers and with it entitlement to Social Security and Medicare benefits with ten years of earnings. … Continued

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