Newsroom district one hospital auxiliary makes donation to emergency department

The last time the Medicare Part A Trust Fund was forecast to become insolvent was in 200At the time, the Part A Trust Fund was forecast to become insolvent by 201Lucky for us that never happened - in 2017 at least. Congress enacted the 2010 Affordable Care Act which changed Medicare taxes in two ways. It added a 0.9% surtax to the amount of Medicare payroll taxes paid by high earning individuals with wages over 0,000. This was on top of the 1.45% that workers currently pay on their wages. A second provision affecting the more affluent, imposed a 3.8% tax on a portion of net investment income. Estates and trusts can also be subject to this tax..You receive care from a Medicare-certified home health agency..This week, two congressional committees held hearings on issues affecting older Americans, and The Senior Citizens League saw support grow for four key bills in the House and Senate..With my first bill, the Save Social Security Act, we are keeping our promise to our seniors and strengthening Social Security. This legislation eliminates the Social Security tax break for people making over 0,000 a year, while maintaining it for income earned from the current cap of 7,200 up to 0,000. This is a fairer way to extend the life of the program. In fact, the Chief Actuary of the Social Security Administration found that my legislation would extend the program's solvency for another 30 years, keeping it on firm financial footing through 206At that point, it would also close 2/3 of the remaining gap, allowing Social Security to still pay 90 percent of benefits..Enactment of Notch Reform remains a TSCL priority in 201Recently, TSCL legislative staff made personal visits to nearly every Member of the U.S. House, delivering petitions calling for the immediate enactment of The Notch Fairness Act H.R. 1001 and S. 11The legislation would provide Notch Babies born 1917 through 1926 with a choice of ,000 payable in four annual installments or an improved monthly benefit..This week, appropriators in the House and Senate continued making progress on a number of fiscal 2015 bills. Notably, House Appropriations Chairman Hal Rogers released a plan to trim funding slightly for the contentious Labor-HHS-Education measure, which the Social Security and Medicare programs both fall under. The plan would provide 5.7 billion in funding for the measure, which is approximately billion below the current funding level..What financial actions have you been forced to take over the past 12 months? Please take TSCL's new Retirement Survey and let us know!.Finally, even though the full retirement age is rising, the eligibility age for Medicare is still 6It's important to apply for Medicare three months prior to turning age 6Failure to enroll in Medicare at age 65 might result in costly premium penalties..To learn more about how work affects your benefits, call the Social Security Administration toll free at and ask for How Work Affects Your Benefits

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Illegal immigrants get jobs using counterfeit, invalid, and stolen Social Security numbers that employers use to withhold payroll taxes and report earnings to the Social Security Administration. Immigration advocates argue that unauthorized workers have little chance of collecting benefits. "That changes once those workers gain a valid Social Security number," Hyland says. Social Security Administration policy allows noncitizens who have evidence of earnings under invalid Social Security numbers, to claim and reinstate those earnings for use in determining entitlement once they obtain a valid Social Security number. The earnings are then used to determine the initial retirement benefit amount..Use the Health and Drug Plan Finder found at..The effect tends to be tempered by the fact that the federal poverty level itself is adjusted for inflation every year, using the Consumer Price Index for Urban Consumers. In most years the CPI-U grows slightly faster than the index used to adjust Social Security benefits, the Consumer Price Index for Urban Wage Earners and Clerical Workers. Thus, it tends to keep pace with the COLA. But in 2020, the CPI-U grew more slowly than the COLA, growing just 1% instead of the CPI-W's 1.3%. Thus, SNAP benefits and many other types of benefits were reduced or even eliminated this year for some beneficiaries. … Continued

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Aging Committee Holds Hearing on Combatting Senior Scams.Should the Supreme Court strike down subsidies through the federal exchange, it remains unclear what Congress would do and how consumers would be impacted. Obamacare advocates say that consumers will not be required to pay back subsidies if the Court's ruling is unfavorable. However, TSCL advises caution since the Court has made no decision yet and the IRS has yet to issue guidance..NOT TRUE. Pfizer has raised the price far too high for seniors on Medicare and living on a fixed income. Prior to the increase, I was paying 4.00 for a 3-month supply, or 6.00 a year. A few days ago I discovered the new price for this year was 8.80 for a 3- month supply or ,915.20 annually. … Continued