Aboutus Executive CommitteeDespite opposition to the AHCA from many in Washington including TSCL the House Budget Committee advanced the bill on Thursday with a vote of 19-1It now moves to the House Rules Committee, and leaders in Congress are predicting votes on the House floor could occur as early as next week. In the Senate, votes are expected before the holiday recess begins on April 7th..If signed into law, the Notch Fairness Act would provide modest compensation to Notch babies, or those individuals who receive lower Social Security benefits because they were born between 1917 and 192TSCL feels that this inequity was brought about by the Social Security Act Amendments that were signed into law in 197Just years before they were set to retire, these individuals learned that they would have significantly lower benefits than originally anticipated. TSCL strongly supports the Notch Fairness Act, which would provide Notch babies with either a ,000 lump-sum payment or an increased monthly benefit..Companion, bipartisan legislation has been introduced in the Senate by Senator Kyrsten Sinema of Arizona and Senator Susan Collins of Maine. I'm incredibly thankful for their leadership on this issue in the Senate and I hope our bill is brought to a vote there soon, so it can head to the President's desk. … Continued
State Legislatures Magazine Minnesotans Get Clever In Snowplow Naming Contest Magazine2021Take a Monthly Poll!.Possibly. A great deal will depend on how much of your 401 and IRA distributions are taxable. A quick way to check is to take one-half of your total Social Security benefits, add to that all taxable pensions, wages, interest, dividends and other taxable income. Then add any tax-exempt interest income. This is called your "provisional" income..Medicare Part D prescription drug coverage hit a new milestone this year. The highly - loathed "doughnut hole" or "coverage gap" closed this year. But that doesn't mean prescriptions will be free. The co-insurance in the former Part D doughnut hole dropped to 25% of all drug costs. That's the good news. But the out of pocket spending that's required to qualify for catastrophic drug coverage took a big jump, from ,100 in 2019, to ,350 an increase of ,250. That's the biggest jump in the out-of-pocket threshold since the start of Part D in 2006. … Continued