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Estimates by the Social Security Administration indicate that if the taxable maximum were eliminated, and the payroll tax of 12.4% were applied to all earnings, that program solvency would be extended as much as 40 years. This includes allowing retired workers credit for benefits on the higher earnings. And not only would lifting the taxable maximum keep the program financed well into future, it would pay for providing a more fair and slightly higher COLA using the CPI-E..Mulvaney explained that the goal of the proposed cut to SSDI is to "test new approaches to increase labor force participation," which suggests that large numbers of ineligible people are abusing the system and need to go back to work. While Social Security disability has well-publicized problems with fraud and abuse, it's important to note that eligibility standards for Social Security disability mean that a person must have a condition so severe that he or she is not able to work. Thus, someone who truly meets the eligibility standards for disability, is not likely to ever re-enter the workforce..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..Travel expenses to and from medical treatments. In 2018, the standard mileage rate for tax purposes is.18 cents per mile for medical purposes. Keep a travel log for documentation..One of the biggest traps to determining Medicare premiums based on income is how the government defines "high income." Social Security's rules can snag even modest-income people. This can happen when a home is sold or when converting retirement accounts. One-time capital gains can put seniors over the Medicare income thresholds. The higher Medicare premiums reduce monthly Social Security benefits for an entire year. Should your mother's income in 2010 return to more modest levels she won't have to pay the means test premium surcharges and her Social Security benefit should return to more normal levels next year..Open enrollment for the exchanges begins October 1, 2013 for coverage starting January 1, 201To learn more, visit the new website. To get an idea about whether you qualify for a government subsidy visit the Kaiser Family Foundation's Subsidy Calculator..2020 Senior Survey.My wife and I run a small business and I'm turning 65 this year. May I postpone enrolling in Medicare Part B? My income is more than 0,000 and I'm concerned I will have to pay more because my income is over the limit..If you own stocks in a retirement account, make sure the company holding your