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This week, the Social Security and Medicare Boards of Trustees released their highly anticipated annual reports on the financial status of the two programs. In addition, lawmakers remained in their home states and districts to continue the two-week spring recess..The rise of prescription drug prices is a serious concern that warrants immediate attention. Drug companies have long charged record prices that deny millions of Americans affordable access to lifesaving medications. Individuals across Maryland - and the country - have shared their stories with me regarding the high cost of drugs for themselves or their family, and the strain it places on their finances and health. Within Medicare, so many of our seniors are facing rising costs and tough choices..Note any other relevant information and then hang up..doctor are far less expensive when you get there under your own steam rather.TSCL is troubled to learn that earlier this week the President tweeted that a short-term payroll tax cut should be considered, fueling a conversation around the potential for a temporary stimulus package..Ways and Means Subcommittees Consider Entitlement Reform.Your thoughts on this matter can sway votes in Congress. Contact your Members of Congress. Letting each of them know what you think about debt limit deals that would cut "entitlements" like the Social Security cost-of-living adjustment, or trim benefits in other ways..For information on upcoming town hall meetings, click HERE. For updates on the progress of the BCRA in the coming days, follow TSCL on Twitter or visit the Legislative News section of our website..This year, Social Security beneficiaries are receiving a COLA of just 0.3 percent, and in 2016, they received no COLA at all. Since 2012, COLAs have averaged 1 percent less than half of the 3 percent average during the decade prior but most beneficiaries have seen no benefit increase at all in several years due to rising Medicare Part B premiums.

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Higher benefit costs may not be a financial choice for the majority of seniors. Half of all survey respondents report spending 11% to 33% of their Social Security benefit on healthcare costs, and another 22% reported spending 34% to 50% of their benefit. The following table illustrates how respondents answered..Before we get into the rules for your wife, let's double-check your situation. If your wife recently stopped working, you should check your enrollment in Medicare Part B right away in order to avoid a Part B late enrollment penalty..How To Increase Medical Tax Deductions for Older Taxpayers … Continued

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Medicare Part A pays for hospital in-patient care, as well as short term stays in skilled nursing facilities, home health and hospice services, in addition to covering a portion of payments paid to private insurers for the care of Medicare Advantage enrollees. It's funded through payroll taxes of 2.9% on earnings, with workers and employers each paying 1.45%. Workers pay Medicare taxes on all earnings. There is no wage limit subject to Medicare taxes as there is for Social Security..According to a report in BGov News, "… younger seniors have shown a greater appetite for vaccines than their older peers. Initially, the opposite was true, as governments sent inoculation teams into nursing homes and assisted-living facilities. Recently, the numbers have flipped, adding support to the idea that some elderly residents -- especially those outside structured-living arrangements -- are simply having trouble navigating the system.".TSCL enthusiastically supports H.R. 1391 since it would strengthen the program without cutting benefits for seniors. We were very pleased to see support grow for it this week. … Continued