In today's video, Marvin Musick from Medicare School announces the breaking news of a HUGE spending bill passed into law recently that impacts YOU & all Senior Citizens! In the 1.7 trillion dollar spending bill, 14.1 billion was allotted for the SSA, Social Security Organization to help them with their customer support crisis due to the SSA budget decreasing over the years while SSA beneficiaries are 21% higher. Secondarily, this new law includes a package of provisions, known as the Secure Act 2.0 which will expand workers' access to retirement plans and gives senior citizens the ability to contribute to and maintain those accounts. The Secure Act was put into law in 2019, and this is being viewed as a new and improved version of those laws. Secure Act 2.0 passed this year, which means big changes for all senior citizens after this huge spending bill passed into law. SECURE is an acronym for "Setting Every Community Up For Retirement Enhancement". There will be adjustments made that will affect all senior citizens. Marvin will also discuss retirement savings accounts and the changes this new law makes that will affect them, as well as the required minimum distributions you will have, or if you don't take your minimum distribution, you'll have the highest penalty EVER, which is 50% of your minimum distribution requirement. The good news is that required minimum distributions can be pushed off longer than in Secure Act one. Medicare is affected in three ways by this spending bill in 2023 just passed into law... Telehealth, Hospital-at-Home, and Behavioral Health. Will talk more about this and so much more in regard to the SECURE ACT 2.0 in today's video! ✅ Watch the internet's #1 Online Medicare Educational Workshop for FREE: ✅ To get 1 on 1 Help from our Team, Schedule a Call Here: ✅ Join our weekly live Q&A through our Facebook group (click the link and press "Join": #medicare #retirement #medicareschool #health#secureact2.0 #secureact #medicareplans #medigap #medicaresupplement...(read more)
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Today, a massive spending bill was passed into law that will have a direct impact on all senior citizens. This bill is a major victory for the senior citizen community, as it will provide more financial security and access to services. The bill includes a number of provisions to improve the lives of senior citizens. It will increase Social Security benefits by an average of 2%, and increase the minimum benefit for those who have been receiving Social Security for at least 20 years. It also increases the amount seniors can earn without losing benefits, and creates a new tax credit for those with low incomes. The bill will also expand Medicare coverage for seniors. It will provide coverage for more preventive care services, and make it easier for seniors to access home and community-based care. Additionally, it will provide additional funding for nursing home care, and make it easier for seniors to access long-term care services. The bill also includes a number of provisions to help seniors with their finances. It will increase the amount seniors can contribute to their retirement accounts, and expand the number of tax-advantaged savings accounts available to seniors. Additionally, it will make it easier for seniors to access credit, and provide additional protections against predatory lending. Finally, the bill will also provide additional funding for services that benefit seniors, such as Meals on Wheels and transportation services. This will help ensure that seniors are able to access the services they need to remain healthy and independent. Overall, this bill is a major victory for the senior citizen community. It will provide more financial security and access to services, and make it easier for seniors to access the care and services they need. This is a major step forward for seniors, and will help ensure that they are able to live a secure and independent life. https://inflationprotection.org/just-in-huge-spending-bill-passed-into-law-impacts-you/?feed_id=67544&_unique_id=63de638493ff3 #Inflation #Retirement #GoldIRA #Wealth #Investing #abtinsuranceagency #bidenspendingbill #marvinmusick #Medicare #medicare2023news #medicareschool #newsaboutmedicare2023 #omnibusbill #secureact #secureact2 #secureact2.0 #secureact2.0details #secureact2.0explained #secureact2.0passed #secureact2.0update #secureactchanges #secureactmedicare #secureactseniorcitizens #secureactsocialsecurity #spendingbill #spendingbill2023 #spendingbilljustpassedtolaw #thisyearmedicareupdates #ThriftSavingsPlan #abtinsuranceagency #bidenspendingbill #marvinmusick #Medicare #medicare2023news #medicareschool #newsaboutmedicare2023 #omnibusbill #secureact #secureact2 #secureact2.0 #secureact2.0details #secureact2.0explained #secureact2.0passed #secureact2.0update #secureactchanges #secureactmedicare #secureactseniorcitizens #secureactsocialsecurity #spendingbill #spendingbill2023 #spendingbilljustpassedtolaw #thisyearmedicareupdates
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