Mr. Shiman said at Wednesday's hearing: "There is a special bond between grandparents and their grandchildren. The scammers knew this well and took full advantage of it with my wife and myself. They knew that when a grandchild is in trouble, grandparents go all out to help.".Medicare beneficiaries would still be on the hook for the ,000 that would need to be spent out-of-pocket before the catastrophic coverage even starts. For the average beneficiary, that could take one-third or more of one's entire Social Security income for the year..According to TSCL's Senior Surveys, more than half of retiree households pay taxes on Social Security benefits. The new tax law did not change the income thresholds that subject Social Security benefits to taxation. Taxpayers with incomes in excess of ,000 or ,000 pay taxes on as much as 50% of Social Security benefits. For taxpayers with income exceeding ,000 and ,000, up to 85% of Social Security benefits may be taxed. Rather than paying quarterly estimates, taxpayers may use Form W-4V to withhold a flat rate from Social Security checks: 7%, 10%, 12%, or 22%..A majority of the 60 million senior and disabled Americans who receive Social Security depend on it for at least 50 percent of their total income, and one–third of all beneficiaries rely on it for 90 percent or more of their income. To help protect the buying power of benefits, TSCL supports bipartisan legislation called the Fair COLA for Seniors Act that would base COLAs on the Consumer Price Index for the Elderly. To learn more, visit..Proponents of Executive Action say it's unlikely that illegals would file a lot of claims for Social Security benefits. People need to work about ten years and meet age eligibility requirements to file a claim for retirement benefits, and most illegal immigrants are young. But the rules for disability benefits are different. Depending on age, young disabled workers could qualify for benefits with as little as 1.5 years of work history. And, under current policies, illegal immigrants who receive a work-authorized Social Security number can become entitled to benefits that could be calculated on earnings from prior work under invalid and fraudulent Social Security numbers..housemate with whom you can share expenses. Some couples living in older homes.While the CDC recommends that younger people can start getting the seasonal flu vaccine starting in August, it recommends seniors wait until at least September to get theirs. But everyone should have one by the end of October..President Trump pledged that he would protect Social Security and Medicare when he ran for president in 201He has repeated that pledge several times since. But to advocate for a payroll tax cut that would bring both programs much closer to insolvency is not in keeping with his pledge..This week, Members of Congress remained in their home states and districts to continue the fall recess. They are expected to return to Capitol Hill following the November elections to begin the lame duck session. Until then, most lawmakers will be attending local events and holding town hall meetings in their home states and districts.

Health Reform State Profile State Exchange Profiles West Virginia

Higher benefit costs may not be a financial choice for the majority of seniors. Half of all survey respondents report spending 11% to 33% of their Social Security benefit on healthcare costs, and another 22% reported spending 34% to 50% of their benefit. The following table illustrates how respondents answered..New claims must be filed online and, to reach telephone assistance, one has to have the patience to wade through tedious automated menus, which can have long 24 -hour waits for return calls. Local Social Security offices can be so packed that it's standing room only. All this is coming home to roost for people who have middle to low incomes, and who can't afford the fees of professional retirement advisors. Too many people retire too soon, leaving substantial amounts of retirement income behind. That makes it all the more difficult to maintain one's standard of living later on in retirement..As we've previously reported, the Senate will return for votes starting on September 15 while the House won't be back to begin voting until September 20. Various Congressional committees are back at work this week, however. … Continued

From The Election Administrators Perspective

At Monday's press conference, all six Trustees commented on the need for Congress to make some changes to both programs to ensure their financial stability. The Senior Citizens League agrees that both programs must be returned to solvency to ensure that future retirees receive the security they deserve. However, we firmly believe that any changes to either program should be phased in gradually and should not affect those seniors nearing or currently in retirement..Lawmakers Debate Spending Bill, Immigration.that a new prescription is your best option, check your drug plan coverage and … Continued

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