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  • Best Ways To Save August 2015

    Insurance Industry Predicts Premium Increase .The legislation fully covers the cost of providing the emergency payments by closing corporate compensation loopholes, which provide enormous tax breaks for the CEO of the nation's top corporations. By closing the loophole, the bill also would add substantial new revenue to Social Security extending the solvency of both the retirement and disability insurance trust funds. .The "Notch" refers to a major inequity in Social Security benefits that affects seniors born from 1917 through 192According to Social Security Administration data through December 31, 2012, there are about 4.2 billion Social Security beneficiaries born during the Notch years. TSCL estimates that The Notch Fairness Act would cost about .5 billion over four years and could be paid for by doing a better job of eliminating fraud and erroneous payments. … Continued

  • Did Illegal Immigrants Pocket Billions In Making Work Pay Tax Credits

    After being suspended since November 2, 2015, the debt cap was reinstated last week. "Although the Treasury secretary is using ‘extraordinary measures' to fund the budget for now, a failure to lift the debt limit in time would affect all Americans, including the timely payment of Social Security benefits," says TSCL Social Security and Medicare policy analyst, Mary Johnson. .What should you do? If you still use paper tax returns, don't wait for the forms and instructions to show up in your mailbox. The IRS did not send any out this year. Visit the IRS website at www.irs.gov for forms, instructions, and to file online. Free tax assistance services may be available in your area, or call your local IRS taxpayer assistance office. .For more information about town hall meetings near you in the days ahead, call the local offices of your Members of Congress. For contact information, click HERE. … Continued

The second bill is H.R. 1215, which would establish an office within the Federal Trade Commission and an outside advisory group to prevent fraud targeting seniors and to direct the Commission to include additional information in an annual report to Congress on fraud targeting seniors. .Support Grows for Social Security Fairness Act .Can your husband do the work he did previously? If he can, your husband would not qualify. .Six Steps to Getting Six Month's Worth of Prescriptions for the Cost of Two. Get more mileage out of your drug coverage using these tried and true methods. They'll be lifesavers for you just like the thousands of seniors who have tried them. Editors, a full article with permission to reprint is available. .If your husband's company had 20 or more employees, and your husband's former employer still has the same health coverage, you and your husband may have the option to temporarily continue to get healthcare coverage under your husband's former employer plan as provided by the Consolidated Omnibus Budget Reconciliation Act (COBRA). That coverage now, however, is likely to be more expensive than it was while your husband was an active employee, and it's only a short-term option. These are two reasons why both you and your spouse should explore other options promptly. .Following the meeting at the White House, Congressman Welch told reporters: "It simply makes no sense for Medicare to buy wholesale and pay retail prices. As a businessman, President Trump understands that. I hope he helps us enact our legislation to provide urgently needed relief to consumers and taxpayers." In addition, Congressman Cummings said, "We had a productive meeting today … The President committed to reviewing our proposal, and he seemed enthusiastic about the idea." .You must follow Medicare guidelines for receiving the services to ensure coverage. Find out how often you should receive a service. Some preventive services are covered only once every few years, others are covered only if you meet specific criteria. To learn more read "Your Guide to Medicare's Preventive Services," CMS Product No. 101Download a copy at www.Medicare.gov or call 1-800- Medicare ( 7). .Last July 24 President Trump announced his intention to sign four executive orders regarding prescription drugs, including one that would tie the cost of drugs in the US to drug prices in other countries. At the same time, he said he would delay signing the order and give pharmaceutical companies, which have vigorously opposed such a move, time to come up with their own plan to lower drug prices. .People most at risk of owing taxes include: