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  • Path To Citizenship For Illegal Immigrants And Your Social Security

    Financial losses in real estate and retirement accounts of the Great Recession of 2008 have left today's retirees and Baby Boomers with far less home equity and assets to draw from in retirement, even though seniors are living longer. Retirements are spanning 25 and even thirty years, but today's seniors are going into retirement with little savings. A recent Harris poll found that 22 percent of retirees age 65 and older say they have none of their retirement savings left. These people are completely dependent on Social Security and other family members. .The measure's inclusion in the stimulus is likely to be a point of contention between Republicans and Democrats as they work to hash out a compromise this week that will address state and local funding, money for schools and extending expiring unemployment payments. .For tax year 2021, families claiming the Child Tax Credit will receive up to ,000 per qualifying child between the ages of 6 and 17 at the end of 202Under prior law, the amount of the credit was up to ,000 per qualifying child under the age of 17 at the end of the year. … Continued

  • Legislative Update For Week Ending August 21 2015

    For more information about these and other TSCL-backed bills, visit the Bill Tracking section of our website. To follow The Senior Citizens League's work on Capitol Hill, follow us on Twitter. .When my husband and I were planning the timing on our Social Security benefits, our financial advisor suggested that we could maximize our payout if I started with a spousal benefit based on my husband's account, while letting my own retirement benefit grow. I continued to work and started the spousal benefit at age 66, my full retirement age. Now I am 70, but have not received any notice from Social Security about my own retirement benefit. Does this mean I won't get anything higher than I already receive? .But bigger deficit reduction would be possible if Social Security taxes were made more equitable. Under current law, high-income earners — people with earnings higher than Social Security's taxable maximum of 7,000— pay nothing on earnings over that amount. In other words, someone earning ,117,000 pays no Social Security taxes on the one million above 7,000. Yet workers earning less than 7,000 pay Social Security taxes on every dime of their wages. The CBO estimates that simply raising the taxable maximum to 7,500 would bring in 0 billion in new Social Security revenues through 202Taxing all earnings would eliminate up to 90 percent of Social Security's funding problems. … Continued

Since you don't receive health insurance coverage where you work, you will need to enroll in Medicare Part B, which covers doctors and hospital outpatient services when you first become eligible for Part B. That period starts three months before you turn 65, includes the month you turn 65 and ends 3 months after the month you turn 65. .Coronavirus and the U.S. Drug Supply .In some hard-hit states, inspectors conducted remote surveys rather than going into nursing homes, a process that involved speaking to staff by phone and reviewing records. In Pennsylvania, for example, inspectors conducted interviews and reviewed documents for 657 facilities from March 13 to May 15 — most of which was done remotely. .HHS Announces 2014 Medicare Premiums, COLA .In 2017, there was a tiny 0.3% COLA and raising Sally's benefit from ,000 to ,00But in 2017 the Medicare Part B premium took a stiff jump to Once again, because the COLA was so low, Sally's share of the Medicare premium was adjusted downward so that her Social Security benefit would not be reduced. However, virtually all of her .00 per month COLA was put toward the increased Part B premium, and today Sally pays a monthly Part B premium of 7.90. .We do not collect any other information unless it is voluntarily provided by the visitor, such as if you answer one of our surveys, make a donation and/or register on our site to receive news and important updates on issues affecting senior citizens. .And, in case you had any doubts about why you need that Medicare Advantage plan in the first place, here are the general types of costs if you have Medicare Advantage plan coverage compared with having traditional Medicare with a Medigap supplement. .Sources: "Issues and Challenges In Measuring And Improving The Quality Of Health Care," The Congressional Budget Office, December 201"What Is Value-Based Healthcare?" NEJM Catalyst, January 1, 201"After Single Payer Failed, Vermont Embarks On A Big Health Care Experiment," Carolyn Johnson, The Washington Post, September 17, 2017. .As TSCL supporters know, it is a particularly important issue for older people, who rely on medications to manage the medical problems associated with advancing age. However, drug makers remain adamantly opposed to government efforts to curb prices.