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The Senior Citizens League supports legislation that protects Medicare benefits and lowers out-of-pocket costs for beneficiaries. To learn how to get involved, visit..Reducing the taxation of Social Security benefits by increasing the income thresholds that subject Social Security benefits, from ,000 for single filers and ,000 for joint returns, to ,000 and 0,000 respectively..The Senior Citizens League enthusiastically supports H.R. 1251, S. 1909, and H.R. 4704, and we will continue to advocate for their passage in the months ahead. For more information, visit the Bill Tracking section of our website..Even when you spend ,000 out-of-pocket, there are still out-of-pocket costs. At the catastrophic level of coverage there are smaller co-pays or 5% coinsurance, which can further lead to substantial out-of-pocket spending. In 2015, for example, Part D enrollees with out-of-pocket costs above the catastrophic threshold comprised just 2 percent of all enrollees, but their spending totaled 20 percent of enrollees' total out-of-pocket spending for the year, according to the Kaiser Family Foundation..The Democrats on the committee include: Sens. Max Baucus, Ben Cardin, Bob Casey Jr., and Jack Reed ; and Reps. Xavier Becerra, Sander Levin, Allyson Schwartz, Chris Van Hollen and Henry Waxman..Compare details carefully: When making health plan benefit comparisons, closely examine the co-payment structure between plans. Your lowest costing plan may not be the best deal if you have health conditions like diabetes, or cancer that require trips to specialists, and pricey outpatient services like CT scans. Refer to your 2012 medical expenses to give you an idea of what the costs would be under alternate plans..SSA Announces 2018 COLA.Women who receive Social Security benefits outnumber men who do by almost 18%, according to data from the Social Security Administration. While women tend to outlive men, the average benefit received by women is 26% lower than the average benefit received by men..How Do I Know When It's Time For Assisted Living If I Live Alone?

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[iv] Social Security Disability Insurance Trust Fund: Background and Solvency Issues, William R. Morton, November 20, 2013.."Home Heating Oil Cost Forecast To Rise 19 Percent This Winter," Reuters, October 11, 201"Prepare To Pay An Extra 5 For Food In 2013," Nicole Seghetti, The Motley Fool, August 6, 201"Healthcare Cost To Rise 7.5 Percent In 2012 Report," David Morgan, Reuters, May 31, 2012..On Wednesday, TSCL announced its support for the Strengthening Social Security Act. Sen. Tom Harkin introduced the bill in the Senate, and Reps. Linda Sanchez and Rush Holt introduced the companion in the House. If signed into law, the bill would reform the Social Security program in three ways: it would adjust the benefit formula, resulting in more generous monthly benefits; it would adopt a Consumer Price Index for the Elderly, resulting in more accurate cost-of-living adjustments; and it would lift the cap on income subject to the payroll tax. According to Rep. Sanchez, these three changes would preserve the Social Security Trust Fund through 2049, reducing the seventy-five year actuarial deficit by approximately 50 percent. … Continued

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As the Affordable Care Act continues its scheduled implementation, many seniors will begin to see small changes in Medicare coverage and tax rates. A few modifications have already taken effect this year, including new federal subsidies that will lower the cost seniors pay for prescriptions filled in the "donut hole." There's also an increased threshold for itemized deductions of medical expenses, and Medicare tax increases for some with investment income..the New Deal in 1935, it was never designed to be anyone's sole means of support.Because Medicare Part B premiums are automatically deducted from Social Security benefits, retirees find it difficult to fully anticipate the squeeze that rising Medicare Part B can put on benefits and their budgets. In the past 15 years the percentage of the Social Security COLA increase has been lower than Medicare Part B premium increase 9 times. … Continued