News
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Update For Week Ending July 24 2021
An alternate measure of inflation, the Supplemental Poverty Measure, indicates that the number of older adults who are living in poverty is larger than what the "official" poverty measure reports, according to a recent analysis from the non-partisan Kaiser Family Foundation. The way in which the government measures poverty is important because eligibility for critical low–income programs such as Medicaid, food stamps, and rental subsidies is determined by income, and tied to the "official" U.S. poverty measure. A greater number of needy people would qualify for safety-net programs like Medicaid, if the government were to use the more accurate Supplemental Poverty Measure to determine eligibility. .Often, consumers don't even know they signed such an agreement because the clauses are buried in the fine print. .In addition, your Social Security benefit is likely to be small anyway. When Social Security calculates the initial benefit, the amount of total earnings would be averaged over a 35-year (420 month) period to determine your average monthly earnings. While you become eligible with a little as ten years of earnings total, the SSA will still average your earnings over the 420-month period. This would produce a low average initial benefit amount. Then the WEP adjustment would reduce your initial benefit formula by scaling back the amount of average monthly earnings that would be credited toward your benefit. … Continued
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Legislative Update Week Ending March 9 2018
Please, share this video with your friends (use the "Share" button above or copy the URL into an email). .Heating and cooling assistance, the Low Income Home Energy Assistance Program (LIHEAP). .This week, The Senior Citizens League was pleased to see support grow for two key bills that would strengthen the Social Security program. … Continued
Unlike most of the top 10 causes of death, such as heart disease and cancer, which are covered in large part by Medicare, Alzheimer's care comes with extraordinary costs that are not covered. Medicare covers medically necessary inpatient hospital care, doctor's fees, outpatient services such as blood tests, and Part D covers many prescription drugs. However, a dementia diagnosis most often requires custodial care, like help bathing, eating, dressing, and supervision. Medicare does not cover custodial care. .But it turns out the Democrats are not quite as united as that statement makes it sound. Ten members recently sent a letter to House Speaker Nancy Pelosi (D-Calif.) expressing concerns about the drug pricing legislation as written. .The Senior Citizens League is proud to have endorsed the BENES Act, and we hope the Senate Aging Committee will work to enact this legislation by the end of this year. To stay updated on the progress of the BENES Act, visit the Bill Tracking section of our website. .Both House and Senate tax reform bills index the individual tax brackets and the standard deduction to the slowly-growing "chained" Consumer Price Index (CPI). This change will result in tax increases for most individuals over time because they will reach higher tax brackets faster than they would under current law. It also increases the probability that lawmakers will apply the inadequate "chained" CPI as a cost-saving measure to other government indexes that grow with inflation, like the Social Security cost-of-living adjustment (COLA). .This week, TSCL announced its support for the Savings on Medical Expenses for Seniors Act of 2014 (H.R. 4104), which was introduced by Rep. Gloria Negrete McLeod (CA-35) on February 27th. The bill, if signed into law, would make permanent the 7.5 percent threshold for the medical expense tax deduction for those sixty-five and older. The threshold is currently scheduled to increase to 10 percent of adjusted gross income in 2017, which would mean that fewer seniors would qualify for much-needed relief. .This week, one new cosponsor – Rep. Dennis Ross (FL-15) – signed on to the No Social Security for Illegal Immigrants Act (H.R. 2745), bringing the total up to thirty-two. If signed into law, the bill would prevent Social Security credits from being earned by work done illegally. Currently, those who receive work authorization may file a claim for Social Security benefits based on all earnings – even earnings from jobs where they used stolen, invalid, or fraudulent Social Security numbers. To protect the integrity of the Social Security program, TSCL believes this practice must be put to an end. .TSCL is disappointed in the repeated attempts of lawmakers to reduce funding for the healthcare of their sickest and poorest constituents in 201TSCL urges all of you to get ready to vote this election year. Start now by checking that your voter registration is up to date, particularly if you have moved recently. .More than 61 million people, including adults age 65 and older, and younger disabled adults who receive Social Security disability benefits, get their healthcare coverage though Medicare.[3] The Social Security hold harmless provision protects about 70 percent of beneficiaries (almost 43 million beneficiaries) from increases in the Medicare Part B premium that exceed the dollar amount of their COLA. When an individual's Part B premium increases more than the dollar amount of his or her COLA, the Part B premium is reduced to prevent a reduction in net Social Security benefits from one year to the next. .Protecting Medicare for current beneficiaries and saving it for future generations is one of my most important responsibilities as a Member of Congress. It is no secret that demographic and economic factors will not allow us to continue the program unaltered. There are 10,000 baby boomers retiring every day, and when these programs were first enacted there were more than 40 workers for every 1 retiree. Today, that number is below 3 workers per retiree and headed towards 2 to Health care costs continue to rise much faster than inflation. In order to ensure the solvency of a program that senior citizens have come to rely on, changes must be made. The days of doing nothing, burying our heads in the sand, and pretending the status quo is sustainable are over.
