Patient Education Helping Your Heart Healthy Living AlcoholShould the Supreme Court strike down subsidies through the federal exchange, it remains unclear what Congress would do and how consumers would be impacted. Obamacare advocates say that consumers will not be required to pay back subsidies if the Court's ruling is unfavorable. However, TSCL advises caution since the Court has made no decision yet and the IRS has yet to issue guidance.."Social Security: What The Latino Community Should Know," National Council of La Raza, 2014..The idea is to cut government spending on Medicare by limiting the annual growth of the Medicare voucher to the growth of the gross domestic product plus one percentage point. However, for the last 40 years national healthcare spending has exceeded the growth of the gross domestic product by more than two percentage points, and TSCL is highly concerned that the vouchers would rapidly become increasingly inadequate to purchase sufficient coverage or that seniors would face significantly higher premiums. In addition, the CBO recently wrote that the average age and cost of enrollees remaining in the current system would increase over time, and TSCL believes that would lead to far higher premiums for older beneficiaries as well. … Continued
Medicares Income Related Premiums Under Current Law And Changes For 2019Refinancing a mortgage in retirement is a "special needs" situation. TSCL highly recommends that this should be discussed with an unbiased financial advisor..Under current law, Social Security beneficiaries whose total income exceeds specific thresholds are required to claim a portion of their Social Security benefits as taxable income. Depending on income, as much as 50% to 85% of Social Security benefits could be taxable. A bulletin from the Social Security Administration estimates that the median share of benefits owed as tax for most retirees would be far less than that, however, remaining close to 12% over the period 2020 to 2050..The term "Notch" refers to the disparity in Social Security benefits paid to people born from 1917 through 1926 and those paid to people born before and after them with similar work/earnings records. Many of those born during the Notch period feel they have not been treated fairly and are not receiving the benefits that Congress intended. On the other hand, the Social Security Administration, some government officials, and the AARP say that those born during the Notch period are treated fairly and receiving the benefits that Congress intended. The SSA and the AARP say that Social Security does not promise a specific amount of benefits, rather Social Security is designed to replace a certain percentage of pre-retirement earnings. Who is correct? … Continued