Look Out For Heart Attacks Around The HolidaysWhen Medicare solvency is under discussion, the focus is often placed on the Medicare Part A Trust Fund, which is primarily financed by payroll taxes. The last time Medicare Part A Trust Fund was forecast to become insolvent was in 200That year, the Medicare Trust Fund was forecast to become insolvent by 201In 2010, Congress enacted the Affordable Care Act which changed Medicare revenues in two ways. It added an additional payroll tax of 0.9% to the 1.45% of Medicare taxes paid by high earning individuals with wages over 0,000. A second provision affecting individuals with this level of income, imposed a new 3.8% tax on a portion of net investment income. Estates and trusts can also be subject to this tax..Caregiver support: You and others helping with your mom can get caregiver training and information about respite care..Medicare Savings Programs cover the cost of the Medicare Part B premium, saving a person 8.50 per month in 202Depending on income, those with the lowest income may also qualify for additional benefits that cover the Part B deductible and out-of-pocket costs. People with incomes in 2020 of up to ,456 per month or ,960 might be eligible if they have limited savings and resources of ,860 or ,800. These limits are slightly higher for Hawaii and Alaska. This program is administered through state Medicaid programs and states may have guidelines that allow people with slightly higher income to enroll. If interested,contact your local Medicaid office to apply. … Continued
Community Surprises Health Cancer Patient With Bell Ringing Send OffThe agreement would make patients responsible only for their in-network cost-sharing amounts for both emergency services, including air ambulances, and some non-emergency care, according to the outline..Most Americans contribute 6.2% of every paycheck to Social Security, but due to the taxable maximum earnings cap, wealthy individuals earning more than 8,500 pay nothing above that amount. Do you support increasing or eliminating the maximum taxable earnings limit to make the program more solvent?.TSCL recommends that anyone unsure of how the provision may affect you should talk with the human resources director of your former employer or union through which you receive benefits. To learn more about TSCL's legislative work read the weekly legislative updates; or to learn more about TSCL's key issues, please visit. … Continued