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Nearly 20% of participants in TSCL's Senior Survey say they spent ,100 or more out-of-pocket on prescription drugs in 201And, as we age, all of us face the grim potential that a new health problem could increase our spending on prescription drugs to this level. Doing nothing to lower drug prices for Medicare beneficiaries is not a good option..To say the least, it is controversial and there is reason to doubt it works. We know for sure that it is incredibly expensive. Having said that, here is some of the information we have seen..By Jessie Gibbons, Legislative Director.Roughly one - half of all retiree households report that a portion of their Social Security benefits are subject to taxation, according to recent survey results from The Senior Citizens League. "This is a tax that was estimated to affect just 10 percent of Social Security beneficiaries when it was first enacted in 1983," says Mary Johnson, a Social Security and Medicare policy analyst for The Senior Citizens League..If your ex-spouse has not applied for benefits, but qualifies for them, you may still file for divorced spouse benefits on their record if you have been divorced for at least two years..What you can do: Members of Congress are more likely to re-think voting for legislation when they see a large number of seniors are adamantly opposed to cutting COLAs. Add your name to TSCL's Social Security Fairness Petition. Have your costs jumped this year? Send us an email telling us your story..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..Phasing in an increase in the payroll tax rate for workers and employers from 6.2% to 7.4% each over a period of twenty years. The gradual growth would mean an extra 50 cents in taxes per week each year for the average worker..There is a warm can of soda sitting on the window ledge.

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Late enrollment penalties are not like one-time tax penalties. Under the late enrollment penalty your monthly Part B premium may go up 10% for each full 12-month period that you delayed enrollment, and you pay the higher premiums for the rest of the time you receive Medicare..Currently the program pays out more in benefits than it receives in cash revenues. The interest on money owed to the Social Security Trust Funds, however, is helping to fund the benefits of today's retirees. But because the government must borrow the amount of money needed to repay funds borrowed from Social Security in the past, that drives up federal spending. Some Members of Congress are saying that benefits must be reduced, or that higher revenues are needed, to reduce the deficit..New legislation retroactively extends several tax breaks that affect the amount you may deduct in unreimbursed medical expenses. The lower threshold for itemized medical expense deduction was one of the breaks extended. The threshold under the 2017 tax law was originally scheduled to rise from the excess of 7.5% of adjusted gross income to 10% of AGI for the 2019 tax year. But new legislation extended the 7.5% AGI level. … Continued

Newsroom District One Hospital Earns Renewed Designation As Level Iv Trauma Hospital

A growing number of Social Security recipients are affected by the tax, because the income thresholds are fixed, rather than adjusted annually, like income brackets. Because of this, the number of Social Security recipients who are hit by the tax has increased substantially over the years as incomes increased..Do I Have To Give Up My Current Healthcare Coverage To Go On Medicare?.This week, Senator John McCain introduced the Safe and Affordable Drugs from Canada Act, which would allow individuals to import prescription drugs from approved pharmacies in Canada. Upon introducing the bill, Senator McCain stated: "This legislation would allow individuals to safely import prescription drugs into the United States from our neighbors to the north, spur much-needed competition in the pharmaceutical market, and save individual Americans up to hundreds of dollars a year." TSCL supports S. 122 enthusiastically, and we look forward to helping build support for it this year. … Continued