News
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The Senior Citizens League Update 12 20 2019
By making decisions now before her health changes, your sister can have more choices and a better chance of telling you "she only wished she would have moved sooner." Doing this together may have you saying the same thing. .Is his condition found on the Social Security Administration's list of disabling conditions? This is a list of medical conditions that the Social Security Administration considers so severe that it prevents a person from completing substantial gainful activity. .Unreported deaths undoubtedly rank as the Social Security Administration's number one "Most Gruesome Fraud Management Failures." Hardly a month goes by without the discovery of a grizzly new case. Usually some elderly person is found long-dead of natural causes in their own home or that of a close relative — frequently years after death. The death was never reported. Remains have been discovered tucked into beds, placed in freezers, and even sitting on toilets. Meanwhile loving sons or daughters continued to collect the deceased's Social Security checks — sometimes for decades. One Brooklyn man is serving up to 41 years for impersonating his dead mom. He donned a wig and wore her dresses to collect 5,000 in her Social Security payments and rent subsidies. … Continued
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Congressional Corner Lowering The Price Of Prescription Drugs
Near the end of the hearing, the focus finally shifted to options for fixing the financing shortfall. Charles Blahous and Robert Reischauer offered some suggestions. Mr. Blahous recommended that Congress gradually raise the age of retirement to seventy, that they reduce benefits progressively by modifying the benefit formula, and that they offer more incentives for workers who delay their retirement. Mr. Reischauer offered similar suggestions, but added that he would like to see the taxable maximum raised to cover 90% of wages. .Finally, one new cosponsor – Rep. Marcy Kaptur (OH-9) – signed on to the Social Security Fairness Act (H.R. 1795) this week, bringing the total up to one hundred and fourteen. If signed into law, the bill would repeal the Government Pension Offset (GPO) and the Windfall Elimination Provision (WEP) – two federal provisions that unfairly reduce the earned Social Security benefits of millions of state and local government employees each year. .By Representative Brad Wenstrup (OH-2) … Continued
Third, TSCL was pleased that Congress passed legislation last fall to stave off a 52 percent hike in Medicare Part B premiums for around 15 million beneficiaries. Back in October, our legislative team hand delivered letters to every office on Capitol Hill urging lawmakers to prevent the abrupt and dramatic premium increase. We were pleased when legislation was signed into law later that month to provide relief for the millions of Medicare beneficiaries who would have otherwise seen massive cost increases in January. .To put the problem of Medicare's cost growth into perspective, the following table illustrates what common food items would cost in 2014, if they had increased as rapidly as Medicare Part B premiums. To give a fuller picture, this table spans a 3year period, the length many Baby Boomers can expect to live in retirement. Medicare Part B premiums are twelve times higher today than 34 years ago in 1980. .One of TSCL's goals this year was to end "surprise billing" – the situation that happens when some types of medical providers, including anesthesiologists, radiologists, pathologists, and labs may not be contracted with your health insurer even though they provide services at a hospital or facility that is in your health plan's provider network. So, in addition to your expected out-of-pocket costs, you also get a bill for the difference between what your insurer has agreed to pay that provider and the amount the provider billed for their services. .This week, HHS announced several important numbers that will affect Social Security and Medicare benefits beginning in January. On Monday, the Centers for Medicare and Medicaid Services (CMS) announced that the Medicare Part B monthly premium will be left unchanged in 2014, and it will be set at 4.90. The Part B deductible will also be left unchanged, and it will remain at CMS officials noted on Monday that the past five years have been among the slowest-growing for Part B premiums in the Medicare program's history. .On its website the BLS explains that it calculates the COLA this way: .Second, one new cosponsor – Representative Bradley Byrne (AL-1) – signed on to the bipartisan Social Security Fairness Act (H.R. 1205), bringing the total up to 195 cosponsors. If adopted, this critical bill would repeal the Government Pension Offset (GPO) and the Windfall Elimination Provision (WEP) – two provisions that unfairly reduce the Social Security benefits of millions of teachers, police officers, and other state and local government employees each year. Its passage would ensure that retired public servants receive the Social Security benefits they have earned and deserve. .The changes closed two claiming tactics known as "file and suspend" and "restricted application for spousal benefits." The claiming strategies have made it possible for both members of a couple who are 66 or older to delay claiming Social Security based on their own earnings records, in order to increase payments, while at the same time one spouse receives a spousal benefit. Alicia Munnell of The Center for Retirement Research at Boston College estimates the changes would save .5 billion per year — a potential cost that would grow over time. .With respect to cookies: The Senior Citizens League uses cookies to record session information, such as items that visitors add to their shopping cart. .Reduce the annual cost-of-living adjustment (COLA) that beneficiaries receive once they become eligible for benefits.
