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  • Half Of Retirees Report Paying Tax On Social Security Benefits For 2019

    Gang of Eight Defends Immigration Reform Plan .While most people have rebounded, too many mature workers are still struggling to find work, much less a good-paying job. According to a survey by AARP, half of mature workers who experienced unemployment between 2010-2014 were still looking for work five years later. .The Senior Citizens League believes the inflation index that is currently used to calculate the COLA – the Consumer Price Index for Urban Wage Earners (CPI-W) – underestimates the inflation that Social Security beneficiaries experience largely because it fails to account for rising Medicare costs. … Continued

  • S 896 Social Security Fairness Act

    New Medicare Enrollees in 201Because these people are new to Medicare they have not had an increase in the Part B premium. Thus, they must pay the full amount in 2017 when they sign up. .Social Security is the largest single source of income for older Americans, providing the majority of income for half of retirees, and at least 90% of income for 18% of retirees, according to another think tank, the Center on Budget and Policy Priorities. .The credit will include children who turn age 17 or who are under that age in 2021. … Continued

Unlike income brackets that are adjusted annually, the income thresholds that subject Social Security income to taxation are fixed. Because of this, the number of Social Security recipients who are hit by the tax has increased substantially over the years as incomes have grown. .Please help us continue our important work on behalf of senior citizens and retirees. Make a secure, online donation today. .Yet here we are today facing another failure to pass legislation on time, which has happened year after year under McConnell. .Three Key Senate Bills Gain Support .Reps. Peter Roskam (IL-6) and John Carney (DE) introduced H.R. 2305 on June 14, 201It has since been referred to the Energy and Commerce Subcommittee on Health. .Help! Mom Moved In With Us, But Her Medicare Plan Isn't Accepted Here! .In the weeks ahead, The Senior Citizens League will continue to advocate for the passage of H.R. 508, and we hope to see it signed into law by the end of the 115th Congress. For more information about the Seniors Have Eyes, Ears, and Teeth Act, visit the Bill Tracking section of our website. .We at TSCL believe that if the drug companies do not offer vaccines or treatments either free of charge, at-cost, or with only a small profit, Congress must take action to reduce the cost. It is simply unacceptable for the American taxpayers to have to pay a large amount of money for something that is so desperately needed by everyone and that has disrupted, and most likely permanently changed, our lives. .Check plans offering gap coverage but don't be surprised if you wouldn't save much. If your new prescription will cost enough to put you into the doughnut hole coverage gap, check the cost of plans with additional gap coverage. But if your main expense is an expensive brand name prescription, gap coverage may not save enough to make up for the higher cost of premiums. Most only cover some generics. Get unbiased help comparing your coverage by calling your Area Agency on Aging and asking for the help of a State Health Insurance Assistance Program (SHIP) counselor, or visit online at: https://shipnpr.shiptalk.org/.