The Senior Citizens League supports legislation that would help lower both taxpayer and Medicare beneficiary costs, including a House and Senate bill that would prohibit surprise medical bills, allow Medicare to negotiate the cost of prescription drugs, and cap out-of-pocket spending on prescription drugs for beneficiaries. To learn more,..By: Jessie Gibbons, Legislative Analyst.Spousal and/or divorced spouse retirement benefits based on spouse's or former spouse's account..what you will pay for it - and do this every year. If the drug is expensive,.You can contribute to more than one IRA. It's possible to have a traditional IRA, one or more 401s and a Roth IRA or Roth 40You can contribute to as many as you want but the total you may contribute is limited to a maximum amount that is adjusted annually and the type of account..A growing number of Medicare beneficiaries are choosing to receive their coverage through private Medicare Advantage plans, rather than traditional Medicare with a Medigap supplement and Part D plan. The choice requires careful evaluation of costs and an understanding of how the prospective Medicare Advantage works, because once you give up your Medigap plan, you probably won't be able to get another one, or if you do, you could be charged significantly more. No matter what you decide, you will still be required to pay the Part B premium..Several lawmakers at Wednesday's hearing also asked Congressman Price whether he supports legislation like the Medicare Prescription Drug Price Negotiation Act, which would allow HHS to negotiate prescription drug prices on behalf of Medicare Part D beneficiaries. Doing so would save the Medicare program billions of dollars annually and would reduce drug costs for older Americans. TSCL was disappointed that Congressman Price refused to answer these inquiries directly, instead expressing his commitment to ensuring that "drug pricing is reasonable.".The coronavirus outbreak has complicated the ability for many Americans to access care, regardless of their insurer. However, many older patients now have an opportunity to connect with their doctors virtually after the Centers for Medicare & Medicaid Services broadened access to telemedicine services under Medicare..Should I Drop Medigap For Medicare Advantage?

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You would be FAR better off waiting until after you turn 66 to start benefits at your full retirement age. After reaching full retirement age, you can receive benefits and earn as much as you want with no reduction to your benefits..Unfortunately, the two other changes that took effect last month will not affect seniors as positively. Young retirees will be hit with an increase in the threshold for the itemized deductions of medical expenses. Those under the age of sixty-five will not be able to deduct unreimbursed medical expenses unless they account for at least 10 percent of adjusted gross income. Those over the age of sixty-five may continue using the 7.5 percent threshold until 2017; however, all seniors should beware that this tax provision may be modified or even eliminated as lawmakers continue to search for ways to reduce the deficit..Seniors born from 1917 through 1926, known as "Notch Babies" receive lower Social Security benefits than other retirees with almost identical earnings histories. Do you support Notch Reform legislation that would provide a choice of ,000 payable in four annual installments or an improved monthly benefit? … Continued

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TSCL Calls Seniors To Action.People who are already retired, or close to it, aren't able to make adjustments to retirement plans if benefits are abruptly cut..If enacted, this bill will make prescription drugs more affordable and accessible to American families. It will encourage drug companies to put people before profits, not the other way around. … Continued

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