News

  • 2017cost Of Living Adjustment 2

    While President Obama spent much of his speech to the nation discussing economic policies, he did take the time to direct a message to legislators in attendance. The President pleaded that lawmakers send him immigration reform legislation that would enable illegal immigrants to earn their citizenship so he could "sign it right away." President Obama said he is "prepared to make reforms" that would "rein in the long-term costs" of Social Security, Medicare, and Medicaid programs. .SSA Rescinds New Online Security Policy .We need to throw out the stereotype we've had that when you're 65 you quit working and head to the golf course. In the wake of the Great Recession, it doesn't really work financially for most folks. Even though my book has the word "retirement" in the title, about one-third of the chapters deal with careers and work at midlife and beyond -- tips for finding jobs, starting an entrepreneurial venture or launching an encore career focused on social contribution. … Continued

  • Congress Should Boost Social Security Benefits And Increase The Amount Of Wages Subject To Payroll Tax

    Confirmation Process Begins for Burwell .A new Medicare cost-saving rule that was launched late in 2020 will cut payments to hospitals for some surgical procedures and could potentially raise costs for Medicare recipients. According to an article by Susan Jaffe, of Kaiser Health News, the Centers for Medicare and Medicaid Services (CMS) has for years classified 1,740 surgeries and other services as "so risky" for older adults that Medicare would pay for them only when people were admitted to the hospital as inpatients. But under the new rule, CMS is beginning to phase out that requirement. By the end of 2023, these "inpatient only services" which includes complicated procedures such as heart and brain operations, is scheduled to be gone. .Medicare Advantage plans combine both parts of Medicare, and the health plans are required to cover everything that is covered under original Medicare. However, your provider may be reporting your doctor's orders to your Medicare Advantage plan in order to get prior authorization for your CT scan. Most Medicare Advantage plans routinely require prior authorization to manage your care and to prevent excess use of care that has not been documented as medically necessary. This practice protects you from surprise bills, and confirms that the provider is authorized to bill your Medicare Advantage plans for your care. … Continued

TSCL opposes any plan to hastily repeal our nation's health law without an acceptable replacement that ensures affordable quality coverage in place. We urge you to contact your Members of Congress and let them know that an Obamacare repeal that puts your family's access to healthcare into question is unacceptable. .As we begin a new year, we hope you had the best holiday season possible under the conditions we all continue to face because of the coronavirus pandemic. We know the past ten months have been extremely hard for many Americans, especially for senior citizens and their families. .These laws affect state or local government workers in twenty-six states and teachers in fifteen states, because their employers do not withhold Social Security taxes from their salaries. The GPO affects public servants who are entitled to Social Security spousal or survivors benefits based on the work history of a husband or wife. Often, the benefits to which they are entitled are eliminated altogether. The WEP affects those public servants who have earned pensions from their state or local government, but have also paid into Social Security through previous employment. Their earned Social Security benefits are often unfairly reduced by one-half or more. .In the past five years the annual adjustment has averaged just 1.4 percent — less than half the 3 percent average of the prior two decades starting in 1990. Retirees and disabled Social Security recipients are reporting that the COLA is doing a poor job of what it's intended to do — protecting the buying power of their Social Security benefits. According to an annual survey performed by TSCL, Social Security benefits have lost 31 percent of their buying power since 2000. .But New Co-Pay "Tiers" May Raise Some Costs .This week, one new cosponsor – Rep. Zoe Lofgren (CA-19) – signed on to Rep. Grace Meng's (NY-6) Notch Fairness Act (H.R. 314), bringing the total up to twelve. If signed into law, H.R. 314 would provide modest compensation to victims of the Social Security Notch, or those who were born between 1917 and 1926. .The WEP affects people who worked for a state or local government employer that did not withhold Social Security taxes from salary. When you claim the pension for your work as a police officer, the WEP can reduce your Social Security benefit by as much as half of the amount of your pension. .This week, after months of discussions, leaders in the majority party revealed legislation to replace the Affordable Care Act. In addition, in a Wednesday meeting with President Donald Trump, two lawmakers proposed a plan to reduce prescription drug costs for Medicare beneficiaries. .Lawmakers End Partial Government Shutdown