After passing The Middle Class Tax Relief and Job Creation Act late last month, Congressional leaders quickly began selecting conferees to be named on the payroll tax conference committee. The bi-partisan panel will negotiate details beyond the 60-day payroll tax holiday extension and "doc fix" that will expire March 1st..Check community health centers or senior services department. Low - cost dental services may be available to low-income people age 62 and up, but services may be limited and there may be long waiting lists. To learn more, check with your area agency on aging to learn if there are programs near you..News From the Office of Senator Claire McCaskill.Despite the House passing a trillion coronavirus relief bill last month, Senate Majority Leader Mitch McConnell has not scheduled a vote on a Senate relief package before July Instead, Republicans will focus on the National Defense Authorization Act, the Great American Outdoors Act and the confirmation of circuit court and other nominees this month..The report further stated that "Dental care was the most commonly postponed service, with 43% having delayed care. Thirty-six percent put off checkups and treatment for ongoing conditions, while 32% delayed diagnostic screenings..New Medicare enrollees in 20Because they are participating in Medicare for the first time, they are not protected because they have no prior premium to serve as a "hold harmless" baseline..Fifty-six percent of participants in a national survey by The Senior Citizens League say they pay taxes on their Social Security benefits. "The tax on Social Security income takes new retirees by surprise," says TSCL Chairman Ed Cates. "This is one retirement expense that must be carefully planned for. The government today taxes the Social Security benefits of a majority of older adults, even people with very modest middle incomes," he notes..In 2006, Johnson first forecast that the hold-harmless provision - which at the time was virtually unknown by the public - would begin to be triggered more often by the year 2012, due to rapid growth in Medicare Part B premiums and weak growth in COLAs. Indeed that provision was first triggered on a nation-wide basis in 2010, and triggered again in 2011, when inflation was too low for a COLA to be payable, and the Medicare Part B premium subsequently soared..If I start Social Security this year how much am I allowed to earn? I'll turn age 66 in November. I'm currently working in a job that pays ,000 per year plus health insurance.
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How can we strengthen Social Security's financing structure? Take TSCL's 2020 Senior Survey and let us know what you think about some of the leading proposals and thank you for your participation..This week, TSCL announced its support for new legislation from Congressman Walter Jones that would create a Social Security guarantee for all eligible recipients. The Social Security Guarantee Act, if adopted, would guarantee by law the right of individuals to receive Social Security benefits in full and with accurate annual cost-of-living adjustments.. "How Much Is Enough? Out-of-Pocket Spending Among Medicare Beneficiaries: A Chartbook," Kaiser Family Foundation, July 2014. … Continued
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In January the President had said he would "take a look" at cutting entitlement spending, which is Washington talk for cutting Social Security, Medicare and Medicaid. However, the next day after the interview he backed off his statement and tweeted that he would save Social Security.."Why Home Health Care is Suddenly Harder To Come By For Medicare Patients," Judith Graham, Kaiser Health News, February 3, 2020..Back in mid-August we reported on President Trump's executive order to stop the collection of the workers' part of the Payroll tax, which funds Social Security and Medicare. TSCL is opposed of Payroll tax cuts of any kind because they seriously jeopardize the financial viability of both Social Security and Medicare. … Continued