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  • Family Caregivers Need Credit New Tax Credit Would Help Families Age In Place Says The Senior Citizens League

    To learn more about the WEP, download the Social Security Administration Publication No. 05-10045 here — https://www.ssa.gov/pubs/EN-05-10045.pdf. .Almost 53% of retirees say they don't have dental insurance, and more than 55% of that group say they have postponed dental procedures due to costs, according to TSCL's recent Senior Cost Survey. Despite limits on what dental insurance covers, it may provide some help, especially for routine preventive care, but finding the right coverage takes some shopping around, and you may need to wait for more than a year before coverage starts for more extensive services like crowns and bridge work. .Originally, Members of Congress planned to quickly debate and approve the CR last week so that they could turn their focus towards the November 4th elections. However, President Obama made a last-minute request to authorize extra military funding for the training of rebels in Syria, and the discussion grew complicated. After much discussion behind closed doors, leaders in the House and Senate agreed to attach an amendment to the CR to provide the military with the necessary funds to complete the training mission. … Continued

  • H R 1001 Notch Fairness Act

    CBO Releases New Budget Report .If he proceeds, Trump would force drug companies to accept lower payments from Medicare for treatments administered in doctors' offices. The rule would apply to certain drugs bought by the "Part B" section of Medicare. .The Senior Citizens League favors legislation that would adjust the thresholds, or repeal the tax altogether and replace it with other sources of revenue. If the thresholds were adjusted to today's dollars the ,000 (single) threshold would be about ,107 and the ,000 (joint) would be about ,097. … Continued

Benefit Bulletin: February 2014 Before Obamacare & 8220;Glitch,& 8221; There Was The Notch Glitch .Republican leaders have also begun discussing plans to reform Medicare and Medicaid next year in an effort to reduce the deficit that the .5 trillion tax bill will create. Speaker of the House Paul Ryan (WI-1) said in a radio interview on Wednesday: "We're going to have to get back next year at entitlement reform, which is how you tackle the debt and the deficit … This has been my big thing for many, many years. I think [Medicare is] the biggest entitlement we've got to reform." TSCL opposes reforms to Medicare, Medicaid, and other earned benefit programs that would result in higher out-of-pocket costs for older Americans. We will continue to advocate against benefit cuts in the months ahead. .However, support in the House has gone to two bills of the bills, both of which moved forward this week: HR 5826, sponsored by Rep. Richard Neal (D-MA), Chairman of the House Ways and Means Committee; and HR 5800, sponsored by Rep. Bobby Scott (D-VA), Chairman of the House Education and Labor Committee. While they each deal with the same issue the way they try to solve it is different. . I'm helping my mother shop for an assisted living facility. She's considering one within reasonable driving distance, but a clause in the paperwork stipulates that she must agree to mandatory arbitration to settle any disputes. Can you explain the pros and cons of this? .To be eligible for the Making Work Pay Tax Credit, individuals must have earned income from a job, be within income limits that apply to the credit, and have a valid Social Security number. Although the money was advanced in higher pay (and pension checks), taxpayers must figure the credit on Schedule M and attach it to a Form 1040 or 1040A in order to claim it. Taxpayers filing a 1040 EZ may figure the credit on the worksheet attached to the return. .In view of what happened and the substantial differential in pure dollar terms, TSCL believes "The Notch Fairness Act" is a fair, and even modest settlement for those who were affected by the Notch. "The Notch Fairness Act" would provide those born from 1917 through 1926 the option of choosing ,000 payable over a five year period or an improved monthly benefit. .Coronavirus and the U.S. Drug Supply .Often, consumers don't even know they signed such an agreement because the clauses are buried in the fine print. .The House of Representatives has scheduled a vote for this coming Wednesday on a new CR that will last until Dec. 18, as well.