TSCL hopes that most of these people who lost SNAP benefits at least received emergency stimulus payments in 2020 and 2021 to help cover the loss of these benefits. But we are highly concerned that a high COLA could have similar unintended consequences for low income retirees in 2022..Accelerate or postpone discretionary medical expenses when feasible. The new health law reduced the amount of unreimbursed medical expenses that you can claim when itemizing the deductions. Taxpayers under the age of 65 can claim deductions for expenses that exceed 10 percent of their adjusted gross income. If you are age 65 and older you may still deduct total medical expenses that exceed 7.5% of your adjusted gross temporarily but that ends in 201If your expenses are right on the borderline, you may want to take care of any pending medical services and appointments now, so you can boost your deduction for 201If your expenses were too low to claim the medical expense deduction for 2014, consider postponing discretionary services a few weeks into the New Year..As part of efforts to strengthen the Social Security system, Congress included the Windfall Elimination Provision and the Government Pension Offset in the Social Security Act of 198While its intentions were noble, these changes did little to secure the Social Security system, and have instead unfairly penalized millions of public sector employees..House Subcommittee Holds "Doc Fix" Hearing.You may not be able to get your Medigap plan back: Under federal law you are only guaranteed the right to purchase a Medigap plan during your initial enrollment period. If you drop your Medigap plan and later want to get it back you must do so within a year of trying an MA plan. After that, an insurer may deny coverage or impose 6 - month waiting periods for pre-existing conditions..In 1977 Congress changed the formula for computing Social Security benefit amounts - a change that led to seniors who were born 1917 through 1926.What Is The ‘Notch'? The term “Notch” refers to the disparity in Social Security benefits paid to people born from 1917 through 1926 and those paid to people born before and after them with similar work/earnings records. Many of those born during the Notch period feel they have not been treated fairly and are not receiving the benefits that.Frequently Asked Questions About TSCL The Social Security Notch Issue What is TSCL?.Compounding the problem, it's also common for people close to retirement to underestimate medical expenses. Four-out-of-ten participants in the Nationwide survey did not expect to spend any of their Social Security income on healthcare. The Social Security Administration, however, automatically deducts the Medicare Part B premium, which is 4.00 per month in 2018, from Social Security benefits. Medicare Part B premiums have been the fastest rising retiree cost over the past 18 years..Here are some things to consider:.For information about town hall meetings near you during the final days of the spring recess, call the local offices of your elected officials. You can find contact information for your Members of Congress right here.

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TSCL's Board of Trustees Meets with Members of Congress.That has never been truer than in this Congress. In trying to craft the new legislation to improve Medicare benefits and lower drug prices, it turns out it's not just Democrat vs. Republican, it's also Senate vs. House, Democrat vs. Democrat, and to a lesser extent, Republican vs. Republican..I will be 66 in April and still work at a small company. I get my healthcare through a Medicare Advantage plan. I've learned I will need to have surgery and expect to have extensive out-of-pocket health care expenses this year. In order to cover my healthcare costs, would I do better by taking money from my retirement savings in order to delay starting Social Security or should I start Social Security retirement benefits now to reduce what I need to take from savings? … Continued

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TSCL's members and supporters, through various surveys and polls, have backed these policy recommendations. Together, they represent a balanced and responsible path forward for the DI program. To read the full set of policy recommendations submitted by TSCL to the Social Security Subcommittee, visit our website. To stay updated on efforts to strengthen and reform the Social Security program, follow TSCL on Facebook or Twitter..What TSCL does is try to hold elected officials accountable, not just in an election year, but when there is not an election. With your continued support, we will do just that..In addition, it takes time for the vaccine to take effect after you've received it. So, for a time you could still get very ill. … Continued

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