News

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..Most of the money that Social Security pays out to current beneficiaries comes from payroll taxes. According to the Social Security Trustees, the program received 5.1 billion in payroll taxes in 201Social Security also received an estimated .9 billion from the taxation of Social Security benefits, and .9 billion in interest was earned on special issue non-marketable bonds held by the trust fund last year..The Post added, "Outside the administration, Trump's intended drug debit cards are drawing criticism from the pharmaceutical industry, budget and health policy experts of both political parties, and even a conservative publication.".visiting the government's National Clearinghouse for Long Term Care Information.As an indicator of low inflation, based on consumer price index data through April of this year, Johnson estimates that the COLA for 2019 will be about 1.7%percent. That number could change, since there are still five months of consumer price index data to be collected before the Social Security Administration announces the COLA in October..How Can I Budget For Healthcare Expenses When I Don't Know What They Will Be?.Last year the Senate was a bigger problem when dealing with passing legislation but there still may be hope this year for a bi-partisan bill authored by Senators Ron Wyden and Chuck Grassley. "The bill would cap seniors' drug costs and penalize drugmakers for raising prices too fast - a provision that many Republicans have likened to price controls. It would save the government a projected billion over a decade, far less than the 0 billion-plus under the House negotiation bill," according to Politico..Third, extending the payroll tax cut could make a permanent cut more likely. As of 2009, there were seventy–three "temporary" measures in the books - many of them are now considered as good as permanent. Scott Hodge, the President of the Tax Foundation, recently warned lawmakers about the nature of temporary tax cuts. He stated, "This is going to become a permanent law. Once these things get … cooked in to the system, they're awfully difficult to get rid of."."When family caregivers don't get the support they need, and few get enough, they are faced with leaving their jobs, taking on significant debt, or moving their loved ones out of their homes and into costly assisted living facilities," Cates notes. TSCL believes this growing problem must be addressed to enable older and disabled Americans to live with dignity in their homes and communities. TSCL encourages the public to contact Members of Congress and ask elected lawmakers to support the Credit For Caring Act. To learn, more visit.