April 2002 Essma

TSCL Legislative Notebook
Some Highlights of TSCL's Legislative Activities

Social Security and Medicare Q&A: Where Can I Find Information About Supplemental Insurance?
Q: Are there policies to help pay for prescription drugs?

COLA Cuts Do Not Affect Seniors Equally
Changes to the Consumer Price Index (CPI) are making your Cost-of-Living Adjustment (COLA) grow more slowly.

Medicare Prescription Drug Benefit Uncertain
The lack of a Medicare prescription drug benefit is a major election-year issue.

Medicare Expands Benefits
Recently Medicare began coverage for several new preventive services including nutrition therapy.

A Budget For Social Insecurity
Remember the promise to "Save Social Security First?"

Congressional Corner from Representative Michael A. Ferguson: Older Americans Face Challenges
Many older Americans face significant challenges. The solvency of Social Security and the affordability of prescription drugs are among two of the most pressing.

How Big A COLA Cut?
The cumulative effect of changes that the government has made to the Consumer Price Index (CPI) since 1995 is currently estimated to be between 0.7 to 0.8 percentage point per year.

COLAs Cut by CPI Changes
Cost-of-Living Adjustments (COLAs) are likely to be very low in 2003. Not only is the inflation rate dropping, the government is also making changes to how it calculates the Consumer Price Index (CPI).

Budget Reversal Leads to Deficits
Federal budget deficits are back. Last year, the CBO projected a surplus of $313 billion for 2002 and now projects a deficit of $21 billion.

Is Assisted Living the Right Choice?
At 70, Sara doesn't feel secure living on her own, but she's not ready for a nursing home. Instead, she adores her snug cottage in an assisted living facility.

Ask the Advisor: Why Don't Seniors Get the Same COLA as Members of Congress?
Instead of 2.6%, the Social Security COLA should be the same 3.4% COLA that Members of Congress received this year...


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