Charitable contributions, and the donation of goods, provided you have receipts for the donations..Tuesday Senators Grassley and Wyden announced legislation, The Prescription Drug Pricing and Reduction Act of 201The bill if adopted would save taxpayers more than 0 Billion, lower Medicare Beneficiaries out-of-pocket costs by Billion and premiums by Billion, according to the Congressional Budget Office. A hearing on Thursday of a key panel of legislators advanced the legislation out of the Senate Finance Committee despite close-call votes on controversial provisions, priming the legislation to be considered by the full Senate in the fall..TSCL thus believes that the DREAM Act may ultimately lead to a tsunami of new Social Security disability and retirement claims, as well as swelling the Medicare rolls. The 2004 Social Security Protection Act requires that noncitizens assigned Social Security numbers after January 1, 2004, must have work authorization in order to file a claim for benefits. Once work authorization documents are provided, however, the Social Security Administration would then determine entitlement for benefits on all earnings, even including jobs performed while illegal. If the green card holder proves evidence of the jobs worked, like W2s, even under invalid Social Security numbers the earnings would be applied to their new Social Security number..This week, the fall recess continued for lawmakers in the House and Senate who are campaigning for the upcoming elections..Before a company's drug patent expires, manufacturers of generics race to file lawsuits to challenge the patent. The company that wins gets a six-month period of exclusive sales to sell the drug. While this doesn't always happen, when it does it can delay real market competition until several manufacturers start making the generic version..The coronavirus has caused a dramatic decline in home mortgage rates, but that doesn't necessarily mean it's a good time for everyone to refinance. The good news is that, in many areas of the country, lenders and states are making the process safer for your physical health. That said, refinancing in retirement is still a process that carries risk to your fiscal health..At 2.8%, the annual cost-of-living adjustment that Social Security beneficiaries received in 2019 was the highest in seven years. The average monthly retiree benefit of ,425 increased by almost , but since October of last year, consumer price index data indicate that growth in inflation has stalled. In fact, if the current trend continues, it suggests the COLA payable in 2020 could be zero, according to projections by Advisor editor, and COLA researcher, Mary Johnson..Senator Mitt Romney recently led a bipartisan Senate group in introducing legislation aimed at fixing Social Security and Medicare's funding shortfalls. If nothing changes, the programs' trust funds are expected to become insolvent in 15 years. If that should occur, benefits would be reduced by about 22 percent in order to match the amount of payroll taxes coming in..I've received numerous automated phone calls offering "free" Medicare-covered items like back braces and diabetes supplies. I'm not 65, not eligible for Medicare yet and I'm on the national DO NOT CALL list. Are suppliers allowed to do this?

2017 Election Administration Legislation Review

In the final days of the holiday recess, many Members of Congress will be holding town hall meetings and attending local events in their home states and districts. The Senior Citizens League encourages its members and supporters to attend these events and to ask important questions about the BCRA and its potential impact on older Americans, like the following two….Support Grows for CPI-E Act."TSCL surveys indicate there is no support for benefit cuts among older voters," Johnson says. "We have learned, however, that there is widespread support to boost the amount of wages subject to the Social Security payroll tax, and to provide more adequate Social Security income," she says. "Raising the Social Security taxable maximum is a way to do both," she points out. … Continued

Issue Brief The Covid 19 Vaccination Line An Update On State Prioritization Plans

Calculating the COLA in this manner would remove more of the uncertainty in years of economic recession and high unemployment and it would reflect inflation two ways - the growth in average wages which determine the average benefit, as well as the growth in prices. The national average Social Security benefit tends to rise most years, because new people coming onto the rolls tend to have higher wages than people who retired ahead of them. Indexing using this method would still tend to ensure a small boost to benefits even in years when inflation is so low that no COLA is payable..If signed into law, the bill would take several steps to strengthen the Social Security program. It would make the cost-of-living adjustment more accurate by adopting an inflation index specifically for seniors, increase the minimum Social Security benefit to 125 percent of the poverty line, and enact an across-the-board benefit increase of approximately 2 percent, among other things. It would also responsibly strengthen the program's finances and ensure that the trust fund is fully solvent through the year 2100..Once again this week the impeachment of President Trump dominated the news involving Congress and Washington in general. Even so, work continued on a host of other issues, many of which are of great importance to seniors. … Continued

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