News

  • Social Security Medicare Question April 2012 Advisor

    The President ordered a payroll tax deferral, not a cut, meaning the taxes will not be collected for a while but they will still be due at a later date. However, some observers have suggested that rather than give employees the additional money and then try to collect it back from them at the end of the year, employers will simply hold onto the money so that the employees would never see it in their paychecks. .If the COLA were calculated using the methodology used in 1990, this year's COLA would not be 1.7 percent – it would be 5.2 percent. And if the COLA were calculated using the 1980 methodology, this year's COLA would be 9.4 percent. As a result of the CPI's manipulation over the past three decades, Social Security beneficiaries have lost over 20 percent of their purchasing power, according to our research. Next year's projected zero COLA will put them even further behind. .A couple of weeks ago we told you about a recent study that made it clear that we are on the right track as we carry on the fight for lower prescription drug prices. When prices are so high, not only does it affect the financial well-being of individuals, but it also affects their physical well-being and can even have fatal consequences. … Continued

  • Category Issues Cola Faqs Feed

    The Senior Citizens League's surveys in 2020 asked about support for currently debated proposals to change Social Security and Medicare benefits. The five top areas of consensus include the following: .For this reason, TSCL announced its support for the Protecting Seniors' Access to Medicare Act back in March, and our legislative team has been busy advocating for it on Capitol Hill. The bill's sponsors expect the House Ways and Means Committee to take it up before the end of the year, and they are hopeful that both chambers will pass it shortly thereafter. For updates, visit and, on our new Facebook page, at www.Facebook.com/SeniorsLeague. .For this week, lawmakers in the House and Senate remained in their home states and districts to continue the month-long August recess. … Continued

Two Social Security Reforms That Seniors Strongly Support .Tax Reform Legislation Introduced in House .What strategies are key to better managing healthcare costs in retirement? .We are still learning how long COVID-19 vaccines can protect people. .While most in Washington acknowledge this dilemma, and House Republicans have put forward a plan to address the issue, our leaders have yet to agree upon a solution to preserve the program for seniors beyond that date, and instead are pitting each other against seniors. .Look into mail-order pharmacies. When ordering by mail you save money because you order in quantity – a 90-day versus a 30-day supply. Many mail order pharmacies charge lower co-pays for a 90-day supply than what you pay for a 60-day. Check with your drug plan to find out if mail order is available. .Beginning in 2017, monthly premiums for Part B and Part D would increase by fifteen percent for those with higher incomes. If the plan were adopted, the income threshold would drop from ,000 to ,000, and it would not be adjusted for inflation until one-quarter of all Medicare beneficiaries qualify to pay the increased premiums. .On the unemployment payments to individuals, there are a lot of legal questions about the money the President wants to use to pay for this. He calls for billion of funding from the Department of Homeland Security's Disaster Relief Fund that is normally used for hurricanes, tornadoes, and massive fires to be shifted over to unemployment. .Under a 2004 law, non-citizens who apply for benefits with a SSN assigned in 2004 and thereafter must have legal work authorization at some point in order to file a claim for benefit. But the law does not apply to aliens who received a SSN prior to January 1, 200Those non-citizens may be able to claim Social Security benefits without ever having legally worked. In fact, our government already pays Social Security disability and retirement benefits to non-citizen aliens and their dependents based on illegal earnings. The cost to Social Security of those payments was recently estimated to be 6 billion through 2040, according to Advisor editor and Social Security policy analyst Mary Johnson.