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Category Tips For Seniors Savings Page 3
This week, The Senior Citizens League (TSCL) saw three critical bills – the Credit for Caring Act, the Social Security Fairness Act, and the Equal Treatment of Public Servants Act – gain new cosponsors on Capitol Hill. .Although President Trump promised during his campaign not to touch Social Security, "it's unclear how he would view slowing the growth in Social Security benefits by this type of technical change," Johnson observes. "Make no mistake, no matter what sort of ‘improvement' lawmakers may try to call it, getting less money from Social Security is a cut," she states. .How Much Should You Spend on Vet Care for Your Pets? … Continued
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Legislative Update For Week Ending March 25 2016
Read all notices from the Social Security Administration and carefully check the deposit information. If it doesn't agree with your bank account, contact Social Security at once. .Hunger and food insecurity is a huge problem in America. Nearly 41 million Americans struggle to put food on the table each day, including five million seniors. Because of their lack of income, many of our seniors are often faced with the frightening decision of whether to purchase food or medicine. .Medicare alone does not cover all the costs you will have. Most people also get either a Medicare supplement to cover out-of-pocket costs and Part D plan for prescription drugs, or enroll in a Medicare Advantage plan with Part D coverage. … Continued
Housing Survey, a survey of landlords and tenants used to provide rent data for CPI's shelter indexes. .This week, TSCL delivered letters to several leaders in Congress – including Senate Majority Leader Mitch McConnell (KY), House Speaker Paul Ryan (WI-1), and House Freedom Caucus Chairman Mark Meadows (NC-11) – urging immediate action on the looming debt ceiling crisis. .This week, The Senior Citizens League released its final estimate for the 2019 Social Security cost-of-living adjustment (COLA), and four key bills gained support in Congress. .Tax Plan Moves to Conference Committee .The TREA Senior Citizens League News Room is the online resource for reporters to learn more about our work on behalf of seniors. With 1.2 million members, TREA Senior Citizens League is one of the nation's largest nonpartisan seniors groups. If you require additional assistance or would like to request an interview, please contact us. .Social Security is a promise our country must keep. If you work and pay into the system, you should have the opportunity to retire with dignity and respect. This promise is part of what makes America exceptional — the idea that after a lifetime of work, Americans deserve security in retirement. .This week, the Medicare Drug Price Negotiation Act (S. 2011) from Senator Bernie Sanders (VT) gained one new cosponsor: Senator Richard Blumenthal (CT). If adopted, the bill would require the federal government to negotiate lower drug prices for Medicare Part D beneficiaries. Its cosponsor total is now up to seven in the Senate. .However, MA insurers have already begun taking steps to reduce their costs in order to account for the cuts from CMS. As was noted in last week's legislative update, UnitedHealth – one of the largest MA plan providers – has dropped thousands of doctors from its networks, leaving many seniors doctor-less. It expects its physician network to be 85 percent of its pre-Obamacare size by the end of this year. TSCL is concerned that additional cuts to MA in 2015 will harm beneficiaries in other ways, by driving up premiums and reducing benefits. .The exact mechanisms for enacting the provisions therein — such as requiring manufacturers to reveal their development costs — remain unclear. The industry has previously protected development data as a trade secret. The bills would also require "reasonable pricing clauses" be included in agreements between drug companies and agencies funding their work. They propose waiving exclusive licenses for COVID-19 drugs, allowing competitors to sell the same products as long as they pay the patent holder royalties.
