Highly recommended reading: "How To Make Your Money Last, The Indispensible Retirement Guide," Jane Bryant Quinn, January, 2016..Another major piece of legislation that Congress is working on, one which has been passed and been signed into law by whomever has been President for the past 59 years, is the National Defense Authorization Act. As we explained last week, that's the annual bill that authorizes the pay for members of the U.S. military as well as other important issues dealing with the Department of Defense..Last month the Trump administration reported that a future COVID-19 vaccine would be free for nearly all Americans, except for seniors with traditional Medicare coverage..Chamber of Commerce or area community college to learn about programs that can.plans with similar coverage caps or the maximum amount that the plans will pay..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..This week, The Senior Citizens League announced its support for two bills that would improve Medicare coverage of certain services. First, TSCL endorsed the Audiology Patient Choice Act, a bipartisan bill that was introduced in March by Senator Elizabeth Warren and Senator Rand Paul. The bill was introduced in the House last year by Representative Tom Rice with the support of several cosponsors..Congressional CornerCongressional Corner: Protecting Against A New Wave of Senior Scams Congressional Corner: Rebuilding the Economy Needs to Include Mobility for Senior Citizens Congressional Corner: Two Social Security Provisions That Need to be Fixed Congressional Corner: We Can Ensure Social Security and Medicare Work. There Are Ways to do Both! Congressional Corner: It's Time for Seniors to get a Fair COLA Congressional Corner: Medicare Should Protect Your Teeth Too! Congressional Corner: Legislation Would Abolish Two Provisions That Reduce Social Security Benefits of Public Employees Congressional Corner: Planning for the Future Congressional Corner: Capping Drug Costs Could Negatively Impact Rural Health Care Systems Congressional Corner: Lowering Prescription Drug Costs Should Never Be a Partisan Issue Congressional Corner: Mediocre For All. Rural Healthcare's Road Trip to Ruin Congressional Corner: To Stay Healthy And Enjoy Retirement Means Protecting Earned Benefits and Cutting Drug Prices Congressional Corner: Two Bills That Would Bring Down High Prescription Drug Costs Congressional Corner: We Cannot Cut Medicare and Medicaid Congressional Corner: As Congress Fights Robocalls, Take Steps to Protect Yourself Congressional Corner: Fighting Back Against Senior Scammers Congressional Corner: It's Time to Tackle the High Cost of Prescription Drugs Congressional Corner: We Need Competition In Prescription Drug Pricing and to Stop Abusive Conduct That Keep Drug Costs High Congressional Corner: It's Time for Seniors to Get a Fair COLA Congressional Corner: Two Social Security Provisions Unfairly Penalize Millions of Teachers, Firefighters and Public Sector Workers.Although the Social Security trust fund is often reported as being solvent until 2033, there are two separate trust funds, each with separate insolvency dates. The trust fund for the disability insurance program is in the biggest financial trouble and is estimated to become completely exhausted in 2016 or by 2017[1]. "With 2016 being a major presidential election year, either the next Congress will need to enact program changes next year, or risk running out the clock and triggering across the board benefit cuts," Cates points out.
