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The Senior Citizens League encourages its supporters to attend these events and to ask important questions of their elected officials, like the following four….Lower revenues from the taxation of Social Security benefits. About 4% of Social Security's financing comes from the taxation of benefits. Because many retired household incomes were impacted by lower earnings, along with business and retirement account losses in 2020; the amount of revenues from the taxation of Social Security benefits was lower in 2020..may tend to lower your tax bill later, by reducing the required minimum distribution amount that you must take in order to avoid tax penalties after age 70 ½. Large required minimum distributions could also trigger taxes on up to 85% of your Social Security benefits in addition to a surcharge on your Medicare Part B and Part D premiums..What do you know about the fastest rising expenses in retirement? Take this quiz at..This week, one new cosponsor Rep. Glenn Thompson signed on to the Preventing and Reducing Improper Medicare and Medicaid Expenditures Act, bringing the total up to forty-nine. If signed into law, the PRIME Act would take a number of steps to comprehensively prevent fraud, waste, and abuse within the two programs a problem that TSCL believes must be addressed in order to ensure that scarce program dollars are being spent properly..This may be difficult to believe, but consumer price index data suggests that the annual Social Security cost-of-living adjustment for 2020 could be close to zero next year - a mere 0.5 percentage point. This comes even as the costs of goods and services used by retirees are shooting upward according to responses to TSCL's 2019 Senior Survey..Lawmakers Work Towards Omnibus.-- in particular - Social Security benefits. The 3.6% COLA is the first after two years without any increase. "Here's the bottom line," says Larry Hyland, Chairman of TSCL. "Is your Social Security benefit higher or lower in 2012 after deducting your Medicare premiums?".Remarks by the President on Comprehensive Immigration Reform in El Paso, Texas, May 10, 201"Senate Democrats Reintroduce Dream Act," Jennifer Steinhauer, The New York Times, May 11, 201"Green Card for a Family Member of a U.S. Citizen," U.S. Citizenship and Immigration Services, as of May 11, 2011.

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In 2017 the COLA was just 0.3%, but the Medicare Part B premium rose to 4.00 for people like new enrollees and others who haven't started Social Security yet and pay for their Medicare by check. Once again, the Part B premium of Barbara and the vast majority of Social Security recipients was protected from reductions. Barbara's monthly Medicare premium was adjusted to 108.00, taking every penny of her tiny COLA boost..TSCL believes Congress will need to make some difficult spending cut decisions, and soon, in order to find the savings needed to address Medicare shortfalls, while ensuring access to doctors and adequate Medicare coverage without reducing benefits. Notch Babies who turn 85 to 94 this year are hit particularly hard because they are at the age when they are more likely to have chronic health conditions that require costly treatment..According to a new analysis from the Congressional Budget Office, in 2015, the weighted average net price for top-selling brand name specialty drugs in Medicare Part D was ,600 for a 30-day supply, almost twice as much as the weighted average net price of ,920 for the same drugs in Medicaid. The big difference is how drug prices are determined. … Continued

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If you or a family member have limited income and have trouble paying Medicare premiums and out-of-pocket costs, Medicare Savings Programs may help. If you qualify, you may get help paying for your Medicare premiums and deductibles and coinsurance if your income and savings meet the limits. In addition, you automatically qualify for Extra Help paying the costs of Medicare prescription drug coverage..Physicians have another medication at their disposal for treating diabetes after the Food and Drug Administration has now approved a new long-acting insulin product derived from the established drug Lantus..According to the Center for Disease Control, it has been recognized for many years that people 65 years and older are at high risk of developing serious complications from flu compared with young, healthy adults. This risk is due in part to changes in immune defenses with increasing age. While flu seasons vary in severity, during most seasons, people 65 years and older bear the greatest burden of severe flu disease. In recent years, for example, it is estimated that between 70 percent and 85 percent of seasonal flu-related deaths have occurred in people 65 years and older, and between 50 percent and 70 percent of seasonal flu-related hospitalizations have occurred among people in this age group. … Continued