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Avoid Falling for this Scam:.It remains to be seen whether Republicans in the Senate will begin working with Democrats on legislation that would stabilize the health insurance markets, or whether they will shift their focus to other legislative priorities. Following the failed vote early Friday morning, Senate Majority Leader Mitch McConnell told his colleagues: "I regret that our efforts were simply not enough … It's time to move on.".The "Gang of Eight's" proposal is now in the hands of the full Senate, and Majority Leader Harry Reid has said he will bring the bill to the floor in June. Until then, TSCL will continue to monitor the evolving negotiations, and we will post updates here in the Legislative News section of our website.."Should Social Security's Cost-of Living Adjustment Be Changed?" National Academy of Social Insurance, April 2011..Although not many studies exist, according to one study of average earners born from 1917 through 1926, the disparity in benefits with other retirees seems to average about 26%..About.com has plenty of money saving tips on pet supplies and vet care..But that's not all. Congressional Democrats also want to add dental, vision and hearing coverage to Medicare but that goal is running into resistance from powerful health industry lobbies..The high cost of healthcare and the significant cost of serious illness or dementia is climbing at one of the most rapid rates in years. Last year TSCL's annual Senior Survey found that 29% of survey respondents spent up to one-half of their Social Security benefits on healthcare costs, up from 25% the previous year. Another 18% spent more than one-half of their benefits on healthcare, up from 13% the previous year..In fact, 88% of people who planned to retire in the next 10 years did not know what factors determine the maximum Social Security benefit that they could achieve. Benefits are based on the age at retirement, the number of years worked and the earnings record that your benefits will be based on.

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My estimate is based on CPI data through March 2019 and projected through the third quarter of 2019, the quarter that the Social Security Administration will use to determine the COLA.."According to the findings, seventy-two senators and 302 members of the House of Representatives cashed a check from the pharmaceutical industry ahead of the 2020 election - representing more than two-thirds of Congress, according to a new STAT analysis of records for the full election cycle..TSCL's report contains one of the only up-to-date compilations of Social Security's Earnings Suspense File data, based on government documents, and updated with the most recent Social Security Administration data annually. The data indicate that in the years immediately following the 1986 immigration amnesty, the Earnings Suspense File grew at an unprecedented pace. From 2000 to 2011 the number of mismatched wage reports doubled, jumping from 52 million reported from 1990 to 1999 to 109.7 million from 2000 to 201In addition, the amount of average annual wages represented by the reports has also grown considerably since the 1990s - about 60%, after adjusting for inflation. … Continued

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For example, if you and your spouse were over the age of 65 in 2016 and had an AGI of ,000, you could deduct the amount of allowable medical expenses over ,750, which is 7.5% of ,000. If your total medical expenses were ,000 you could deduct ,250.Lawmakers continued working on an omnibus spending bill this week to fund the federal government past December 11th. In addition, The Senior Citizens League saw support grow for one key bill that would give Social Security beneficiaries a cost-of-living adjustment next year..If you require a non-formulary drug, for which there is no acceptable alternative, your doctor can ask your Medicare drug plan for a Formulary Exception, a type of Coverage Determination that would add the drug to your Part D plan coverage. If approved, you would be able to purchase your medication at the lower plan co-insurance and receive discounts if or when you reach the Part D doughnut hole. … Continued