News

  • Its Tax Season That Means More Scams Aimed At Older Taxpayers

    Do you have a mortgage? A recent survey by national mortgage banker American Financing found that 44% of Americans between the ages of 60 and 70 have a mortgage when they retire. Of that group, almost one-in-three expect to be paying on their mortgage for at least eight more years. Life insurance can cover mortgage payments if you die, and a term life policy can be timed to end with debt payments. .Under current law, noncitizens who gain temporary work authorization can qualify for long-term Social Security benefits based on work that was done, prior to gaining authorization, under invalid Social Security numbers. Once they receive green cards, they become entitled to benefits based on prior "illegal" work. If elected, would you support legislation to modify this policy? .To learn more about issues facing Social Security and Medicare, visit our weekly legislative updates, which provide information on upcoming town hall meetings. … Continued

  • Legislative Update For Week Ending July 27 2012

    TSCL is also concerned about the debt limit because in prior debates to lift the ceiling, Social Security benefits have been used as a bargaining chip, and retirees have seen unexpected benefit cuts. For example, in 2015, following the passage of the Bipartisan Budget Act, millions of seniors already eligible for Social Security benefits learned a popular claiming method called "file and suspend" would no longer be available to them. The unexpected change received no public debate, it went into effect almost immediately, and it hit seniors who were just months away from retirement. .The federal government shutdown that occurred from midnight December 22, 2018, until January 25, 2019, was the longest in U.S. history. It was so disruptive that an analysis from Standard and Poor's (S & P) estimated that the shut down cost the U.S. economy .6 billion. While the government shutdown was terrible for all affected, failing to raise the U.S. debt limit, also called the debt ceiling, could make the recent shut down look like a tea party. .It was during this time that TREA Senior Citizens League (TSCL) was founded, and of its primary goals became the representation of those affected by the Notch in Congress. Recognizing that Congress created the Notch by reducing Social Security benefits in the past, and that baby-boomers nearing retirement would provide continuing pressure to reduce benefits in the near future, TSCL's primary mission is to protect "earned" Social Security and Medicare benefits. … Continued

Last week there was major news concerning Social Security, Medicare, and prescription drug prices – or at least so it seemed. But "the devil is in the details" and we will try to sort it out for you below. .Eyeglasses, however, are not covered. If you are having difficulty affording a pair of glasses from brick and mortar stores, you may want to try shopping online. Zenni optical.com has eyeglasses starting as low as .95 for basic frames. Costco the wholesale club has high ratings for their optical section. According to Consumer Reports, the median price for a complete pair of eyeglasses, frames and lenses at Costco Optical is 4, the cost of membership not included. .A report conducted by the Congressional Management Foundation claims that this year's budget will force House member offices to trim an additional 90,000 dollars in each office. A reduction to staff positions could mean decreased constituent services as responsibilities are shifted. .Many expected the Obama administration to seek an emergency review of the decision by the Supreme Court, but on Wednesday, the Justice Department announced that it would not. Instead, the administration said it will focus on another 5th Circuit hearing that's scheduled for the week of July 6th. .The nation's pharmaceutical industry has pushed back against the potential order, arguing that the United States should not shut itself off from a global supply chain. .The Senate Finance Committee recently passed The Prescription Drug Pricing Reduction Act out of committee and now it heads to the floor for further action. The bill, which has support of both Democrats and Republicans would, among other things, cap drug prices based on the rate of inflation. .This week, CMS announced that its cuts to the Medicare Advantage program will total 1.9 percent next year, which is significantly lower than most analysts expected. However, the amount has not been finalized yet, and some say that the figure fails to consider all factors that will affect reimbursements. They expect to see a final rate in the range of 4 to 7 percent. .TSCL opposes legislative efforts that would make today's seniors and those nearing Medicare-age pay higher costs for their Medicare coverage. ."Because earnings are used to determine entitlement, the portion of earnings from jobs worked prior to legal authorization poses a substantial long-term liability to the Social Security Trust Fund," Cates says. In order to improve Social Security solvency, Congress is expected to consider cutting Social Security benefits, perhaps significantly, at some point in the future. "This policy that ‘pays benefits based on work while in the country illegally raises questions as to whether individuals who worked without authorization and committed document fraud will benefit at the expense of others who paid in under valid SSNs," Cates notes.