It's also a common tendency to overestimate how much you will get from Social Security, according to a survey by the Nationwide Retirement Institute. About 30% of future retirees in the survey anticipated collecting more than they are likely to receive, saying they expected to get ,628 per month in Social Security benefits on average, but current retirees are receiving an average of ,257 per month. That gap is significant because 55% of those surveyed said that Social Security benefits would be their main source of income in retirement..How can we strengthen Social Security's financing structure? Take TSCL's 2020 Senior Survey and let us know what you think about some of the leading proposals and thank you for your participation..At this point in time, it remains unclear whether congressional leaders will bring the "Budget for a Brighter American Future" to the floor for a vote, but the resolution does clearly outline the policy priorities of the majority party in the House. The Senior Citizens League will keep a close eye on the movement of the budget resolution in the weeks ahead, and we will continue to voice our opposition to policies that would jeopardize the health and financial security of older Americans. For progress updates, follow TSCL on Twitter or visit the Legislative News section of our website..A new study has found that it is more than prices that are high when it comes to so many prescription drugs. According to Modern Healthcare newsletter, "A .40 increase in out-of-pocket costs per prescription was associated with a 22.6% drop in consumption and a 32.7% increase in monthly mortality rates, an analysis of more than 358,000 relatively healthy 65-year-old Medicare beneficiaries found.".We must ensure benefits earned are benefits maintained. That's why I am proud to cosponsor H.R. 141, bipartisan legislation to eliminate the Windfall Elimination Provision and Government Pension Offset in our last Congress. The WEP and GPO unfairly penalize workers who paid into Social Security and earned benefits in addition to receiving a public pension through other work..Federal Court Halts Implementation of Immigration Orders.The ASPCA website, ASPCA.org, has information, including a helpful chart that can help you estimate the costs of owning a pet..According to a recent nation-wide survey conducted by The Senior Citizens League, almost one-third of older taxpayers, 30 percent, say they itemize deductions for healthcare costs, and about 56 percent say that a portion of their Social Security benefits are taxable. "Taxpayers who may be postponing needed medical or dental services, getting glasses, or filling expensive prescriptions may want to consider doing so before the end of the year, in order to maximum the medical expense deduction in 2018," Johnson says..One option recently recommended by the Medicare Payment Advisory Commission would repeal the SGR and encourage physicians to join two-sided risk accountable care organizations. Doctors participating in ACOs voluntarily group with hospitals and other providers to lower costs and better coordinate care. Pilot ACOs that are currently operating only see rewards for delivering high-quality, low-cost care. Those in two-sided risk ACOs, however, would also be penalized for providing low-quality, high-cost care. According to MedPAC, substantial savings would result, but many are still skeptical about the potential of ACOs.

Blog State Elections 2020 Post Election Ballot Measure Updates

This new data strengthens the argument that focusing on negotiating prices for the relatively small number of drugs that make up a disproportionately large amount of Medicare spending could help reduce the costs of prescription drugs to Medicare and the patients who use them.."Chaining" COLAs Still Under Consideration.TSCL's annual Senior Surveys indicate that roughly 56% of retiree households pay tax on a portion of their Social Security benefits. About the same number support reducing the taxation of Social Security benefits by lifting the threshold for taxation of Social Security benefits from ,000 to ,000 for single filers and from ,000 to 0,000 for joint filers. … Continued

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Although the bill applies to children, TSCL is concerned that the DREAM Act is a back-door approach to a much wider amnesty that would have an enormous impact on the financial solvency of Social Security and Medicare. Under current policy, immigrants who become U. S. citizens, as young people under the DREAM Act would, may file a petition for green cards to allow their immediate relatives to legally immigrate to the U.S. Relatives who qualify immediately for a visa are spouses, unmarried children under the age of 21, and parents. Once the parents receive the green cards they can legally apply for work authorization, and renew it annually..Long-term care insurance, however, has its shortcomings. It's.Inflation, as measured by the U.S. Bureau of Labor Statistics' consumer price index, has taken a deep tumble over the past year, meaning older Americans will have to settle for a cost-of-living adjustment of 1.6% in 2020 after getting a 2.8% increase this year. … Continued

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