Prescription Drug Re-Importation Making safe, secure re-importation a reality..People who don't have their premiums deducted from Social Security payments, including those still working and who haven't started Social Security yet..I'm single and I live alone. When I retire this year I will receive payments from a 401 and a traditional IRA of approximately ,000. My annual Social Security benefit will be around ,000. Will my Social Security benefit be subject to income tax even though I will not be working?.In the report released on Wednesday, the trustees estimated that Medicare beneficiaries will see a Part B premium increase of nearly per month next year, from 1.80 to However, due to the hold harmless provision, most beneficiaries will continue paying a monthly premium of 4.90. That's because experts are projecting another record-low Social Security cost-of-living adjustment for 201The trustees estimated that a 0.2 percent COLA will be paid next year, which would amount to a mere per month benefit increase for someone receiving a ,000 monthly check..The primary means of financing the benefits of the nation's 61 million Social Security recipients is a 6.2% payroll tax that is paid by employees and matched by employers - a total of 12.4%. Current law, however, imposes a limit on the amount of wages that are taxed for Social Security purposes, which is 7,200 in 201"Because Social Security benefits are based on wages, the Social Security cap on earnings also limits the initial retirement benefit that higher earners receive when they retire," Johnson explains. "In fact, all Social Security recipients are wrestling with growing income inadequacy as benefits replace a shrinking portion of wages, and this is especially true for those who earn more than the taxable maximum," Johnson says..What do you feel are Medicare's major problem areas, and how do you feel they should be addressed?.Under traditional Medicare with Medigap, you have greater freedom to select providers and to travel and still get coverage. Medigap is the better choice for people who divide their time between homes in two different states, or who like to travel outside the U.S. Several Medigap plans cover foreign travel emergencies. On the other hand under many Medicare Advantage plans, you would need to follow your plan rules to get in-network care and would be more limited to specific geographic areas. If you join a Medicare HMO and then have a medical emergency in other part of the country where your plan does not operate you would foot 100% of the medical bill..For progress updates or for more information about these and other bills that would strengthen Social Security and Medicare programs, visit the Bill Tracking section of our website or follow TSCL on Twitter..Do you suspect someone of committing disability fraud? Learn how to report fraud online at the Social Security Administration's Office of the Inspector General or call or write the Fraud Hotline.

Policy Watch Medicaid Covers People With Pre Existing Conditions Too

TSCL is working with Members of Congress for enactment of legislation in both the House and Senate that would require Medicare to negotiate drug prices on behalf of Medicare beneficiaries. Recently TSCL launched a nationwide grassroots effort to urging Americans to contact Members of Congress to protest how big drug companies are getting away with steep prices on drugs, and to urge them to enact legislation that would make Medicare responsible for negotiating drug prices. Join the effort, sign our petition!.In short, the Social Security disability trust fund would become insolvent by mid-2021 and the retirement trust fund would become permanently depleted by 2023, just two short years from now..My estimate is based on CPI data through March 2019 and projected through the third quarter of 2019, the quarter that the Social Security Administration will use to determine the COLA. … Continued

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With Medicare outlays spiraling due to outlays for COVID-19, Congress recently passed legislation to head off an expected Part B premium spike, by restricting the increase for 202TSCL has been warning about the potential of a low cost of living adjustment and spiking Medicare premiums since July of this year..The 3.8% "Medicare" net investment tax has never been received by the Medicare Part A Trust Fund, but has wound up going straight into the U.S. General Fund. That means it could be appropriated for any government spending!.The confirmation of Marilyn Tavenner marks a major milestone for CMS, and like those Senators who voted in her favor, TSCL is hopeful that her leadership will provide the Medicare program with increased stability. … Continued

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