By: Attorney Nathan Simpson
Mark Miller of Reuters has written about some of the proposals being discussed for the next round of budget negotiations in Washington relating to Social Security and Healthcare for Seniors now that Obamacare is taking effect. The key numbers:
President Obama is proposing a change in cost of living adjustments which will result in $127 billion in lower benefits over the next ten years.
President Obama is proposing to lower the income level where Medicare surcharges begin, resulting in over $50 billion in new revenues collected from seniors over the next 10 years.
The Medicare Patient Advisory Coalition has proposed a 20% TAX on Medigap supplements, which could effect all seniors.
If you are interested in learning more and how to plan for the rising costs of healthcare, please contact Cooper, Adel & Associates at 800-798-5297.
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