In an effort to stimulate the economy, President Obama has once again called for an extension of the Social Security payroll tax cut, which was enacted in December of last year..By Representative Charlie Crist.According to the Administration on Aging, almost half of older women, age 75+ live alone. While transition to assisted living is a complex decision for which there are no simple or quick answers, your friend would be wise to start making plans now while she is able to think the issues through. Planning now will allow for unpressured time to research living options, financial costs, and locating the supports she may need to live independently..I was looking forward to saving some money on premiums when I started Medicare. Boy was I surprised when my doctor discovered a new health problem and my out-of-pocket costs jumped instead. How can I budget for this in the future? I'm in a Medicare Advantage plan..My extra checks are in the computer desk, so I go inside the house to my desk where I find the can of soda I'd been drinking..Interest on a home mortgage on loans up to million if you signed your mortgage prior to December 15, 2017, or up to 0,000 on loans signed after that date..Currently, COLAs don't keep up with typical retiree costs. Consequently, Social Security benefits have lost 22% of their buying power since 2000..Washington, DC) An eye - popping new list compiled by The Senior Citizens League indicates that, by late 2020, price increases for many of the expenditures of older Americans far outstripped the modest 1.3 percent cost of living adjustment boost that Social Security recipients start receiving this month. "This list is a snapshot of how COVID-19 affected prices of certain items through the end of November 2020," says Mary Johnson, a Social Security policy analyst for The Senior Citizens League. "There are surprising price aberrations that we haven't seen before," Johnson says. "Never in my wildest dreams would I have thought that toilet paper and disinfecting wipes could wind up on our annual list of fastest growing retiree costs," Johnson says..xmas cash

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At a prescription drug forum in Central Virginia in November 2019, I heard from seniors who share these feelings. They're tired of seeing their drug costs rising. They're tired of having no way to understand why these prices continue to spike, and they're tired of lawmakers who refuse to act on an issue that impacts millions of seniors and families across our country each day..Lowering drug prices is a singular area where bipartisan legislation could make it into law this year. On Monday, Senator Jeanne Shaheen in introduced legislation that would cut the cost of insulin by 75% compared with the level expected in 2020. The proposal would create a new pricing model that limits the use of rebates for Medicare Part D and the private insurance market, Sens. Tom Carper, Susan Collins and Kevin Cramer have already signed on as co-sponsors to the legislation..2020 Presidential Candidates' Views on Social Security … Continued

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Someone calls stating they are with Medicare and they need to update your information. Medicare never calls or visits anyone and already has the information it needs to send your cards..In addition to expenses such as out-of-pocket drug costs, and co-pays for visits to the doctor, here are a few of the most common overlooked medical deductions:.During the debt limit negotiations, one of the most frequently discussed components of deficit reduction plans included a switch to the "chained" CPI. Such a proposal wouldn't just impact Social Security benefits; it would also reduce Railroad Retirement benefits, military retirement, and federal pension payouts as well as Supplemental Security Income payments received by very low-income seniors. In addition, seniors would also pay more in taxes since the CPI is also used to adjust tax brackets, the standard deduction, and personal exemptions. … Continued

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