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"Senior Advocates: Small Social Security Bump May be Sign of Future Bad News".Republicans, so far, have been unwilling to go along with any Democratic proposals although there is still bi-partisan work going on in the Senate to try and come up with legislation to lower drug prices..Compounding the problem, it's also common for people close to retirement to underestimate medical expenses. Four-out-of-ten participants in the Nationwide survey did not expect to spend any of their Social Security income on healthcare. The Social Security Administration, however, automatically deducts the Medicare Part B premium, which is 4.00 per month in 2018, from Social Security benefits. Medicare Part B premiums have been the fastest rising retiree cost over the past 18 years..Key Bill Gains Support.Sole source drugs. The companies with monopoly pricing power acquire sole - source drugs for which there is only one manufacturer, and therefore face no immediate competition..check-ups. Often, it's insidiously hard to tell whether a problem really is.With inflation soaring in 2021, The Senior Citizens League has received dozens of emails from retired and disabled adults who say they have cut back on prescription drugs to cope with rising costs, because they have no savings. Said one disabled retiree, "My husband and I have Social Security as our only income. All of our savings went to pay my medical bills. I have seven prescriptions and my husband has three. They are each a minimum of co-pay per month. We have no extra money. Our grocery budget is the only place we can cut from if we want to pay medical bills.".You may possibly qualify for a divorced spouse Social Security survivor's benefit that would be the same as what a widow would get, but you have a number of options that you need to carefully think through. If you receive survivors benefits as a divorced spouse now, you can switch to your own retirement benefit later if it is higher than your widow's benefit..McCaskill brought her own brother's experience with pharmaceutical companies as an example to illustrate the way companies wine and dine the doctors who prescribe their medications.

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Age doesn't matter for contributions to Roth IRAs. Regardless of your age, if you have earned wages you can contribute to a Roth IRA. While the contributions to a Roth will not lower your income for tax purposes, the money you put in will grow tax deferred without any required minimum distributions. And distributions from a Roth won't subject your Social Security benefits to taxation..Over the weekend it was announced that the Senate and the White House were able to come to an agreement about new legislation and it will be presented today. However, reports are that the GOP bill will cost about trillion while the House-passed bill has a cost of trillion. That means there will have to be major negotiations between the House and Senate once the Senate finally passes its bill.."More good news: More than 90% of beneficiaries reported following advice on hand washing, social distancing, mask wearing, and avoiding large groups and sick people." … Continued

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People who don't have their premiums deducted from Social Security payments, including those still working and who haven't started Social Security yet..Someone tries to tell you there's a fee for the new Medicare card. There is no fee for the card. Never give out your credit card or bank account number to anyone..When the Senate does return on Sept. 8 the first thing on its agenda will be to continue confirmation hearings on President Trump's nominations of judges to the federal judiciary. But the Senate has yet to pass one funding bill for the federal government for FY 2021 which begins Oct. 1. … Continued