If adopted, the Ways and Means Committee's tax bill would consolidate the existing individual tax brackets, phase in a repeal of the estate tax, and permanently reduce the corporate tax rate, among many other provisions. The bill does not include reductions to the limits on 401(k) contributions as many – including TSCL – expected. It would keep the current limits on 401(k) contributions unchanged at ,000 per year (or ,000 for those over the age of fifty). .Yet since 2010, when the Social Security Trust Fund first started running a cash deficit, budget negotiators have repeatedly attempted to enact Social Security reforms that would decrease benefits. One of the most widely - discussed proposals would switch to a more slowly - growing inflation measure — the chained consumer price index (CPI) — to calculate the annual cost – of – living adjustment as a means of slowing the growth of Social Security benefits and other inflation - adjusted federal programs. Although the proposal was not adopted in the past, primarily due to fear of public backlash, "It remains a key feature in many plans for reducing the deficit," Johnson says. .Abrupt legislative cuts erode the trust that Congress needs for making far bigger changes in the future. TSCL urges you to engage candidates in conversations about Social Security and Medicare. Let's ask them what their plans are for fixing Social Security and Medicare and what changes they propose that would affect your benefits. .The report found similar price disparities in expensive specialty drugs that treat complicated conditions like cancer. .TSCL has filed three lawsuits under the Freedom of Information Act requesting copies of the agreement and other information and has placed ads in The Washington Times in opposition to the proposed agreement. We will continue to closely monitor the totalization matter. .Deductibles: This is the amount you pay out – of – pocket before your insurance coverage kicks in. Most people get CT scans as outpatients under Medicare Part B, which has a deductible of 3 in 2021, meaning you might be responsible for that amount. If your scan is part of a hospital stay as an inpatient, it would bill under Part A which has a deductible of ,48Because you are enrolled in a Medicare Advantage plan, your deductible amounts can vary from the standard Medicare amount. It's a good idea to call your health plan before getting any services, to get an idea about the cost. For people covered by a Medigap supplement, it will cover the Part A deductibles but, as of January 2020, insurers are no longer allowed to sell plans that cover the Part B deductible, Plans C and Plan F to new enrollees. .Get quotes from 5 to 10 highly-rated insurance companies. Make sure you are getting apples–to–apples comparisons for the same type of annuity. .With many seniors spending 30 or more years living in retirement, a COLA that keeps up with rising costs is essential protection for making retirement savings last, and for preventing seniors from falling into poverty. Yet over the past five years, Social Security benefits have grown on average about 1.4% per year — less than half the average rate of growth in previous years. Recent projections by the Congressional Budget Office for 2015 suggest another low COLA of 1.6% next year. .On Tuesday, with a vote of 31-8, the House Ways and Means Committee voted to advance the Protecting Seniors' Access to Medicare Act (H.R. 1190) – a bill that TSCL supports enthusiastically. H.R. 1190, if signed into law, would repeal the controversial Medicare cost-cutting board that was created by the ACA back in 2010.