News

  • No Support Among Seniors For Likely Disability Trust Fund Fix

    Back in February, U.S. District Judge Andrew Hanen of Texas temporarily halted President Obama's immigration orders that would have delayed the deportation of nearly 5 million illegal immigrants. The Obama administration promptly appealed that decision to the U.S. Court of Appeals for the 5th Circuit in New Orleans. .Deductible: During the initial deductible, the beneficiary pays 100% of the cost of the drug—up to 5 depending on the plan. Many plans provide immediate coverage on generics, and even preferred brand drugs "before the deductible." In this type of plan, you only pay the full price up to the deductible on higher tier drugs, and some plans don't charge a deductible at all. .It eliminated the Independent Payment Advisory Board (IPAB). This fifteen-member board of unelected officials was created by the Affordable Care Act in 2010 to keep Medicare spending down when it exceeded a certain level. While that level was never surpassed and no members were ever appointed to the board, TSCL felt that it could have threatened access to quality medical care for Medicare beneficiaries since it had the power to cut payments to doctors and limit networks of providers. TSCL has advocated for bipartisan legislation for years that would have eliminated the IPAB, and we were pleased that the Bipartisan Budget Act did just that. … Continued

  • Ask Advisor July 2016

    My Mom Is Applying For Assisted Living: Why Must She Agree To Mandatory Arbitration? .Medicare is structured to pay more to providers based on how sick people are — not on making them well. Yet about one-half of all adults have at least one chronic condition, which is not only the most costly type of health problem to treat over time, but also the most preventable. .This week, Congressman Walter Jones (NC-3) introduced the Honesty in Consumer Price Index (CPI) Reporting Act (H.R. 3500), a bill that aims to make Social Security COLAs more fair and accurate for beneficiaries. It would accomplish this by requiring the Bureau of Labor Statistics (BLS) to report the CPI using the methodology that was employed back in 1980, around the time when COLAs first became automatic. … Continued

In April, House lawmakers voted on a balanced budget amendment to the constitution that would have been disastrous for Social Security and Medicare beneficiaries if adopted. Did you support this drastic measure, and if so, why? .TSCL is concerned that illegal immigrants who gain temporary work permits and Social Security numbers would become permanently eligible for Social Security and Medicare among other federal benefits. Here are several areas of concern: .Drug companies and some patient groups have long criticized proposals like this last rule, saying it would reduce innovation and access to certain medications. In addition, drug makers are particularly leery of the approach since Democrats want to use it more broadly to allow Medicare to directly negotiate prices. .The number of older taxpayers who find that a portion of their Social Security benefits are taxable tends to grow over time. Unlike income brackets that are adjusted for inflation, the income thresholds that subject Social Security benefits to taxation have never been adjusted since Social Security benefits became taxable in 198When the law was first passed, less than 10 percent of all Social Security recipients were estimated to have incomes high enough to be affected by the tax on benefits. But today, even retirees with modest incomes can be affected by the tax. .The Senior Citizens League supports legislation that would strengthen the COLA and better protect the buying power of Social Security recipients. To learn more, visit . .TSCL will be working for legislation to ensure both hospitals and Medicare Part A weather COVID-19 and its aftermath to keep both strong and working for all who depend on Medicare! .In addition, on Wednesday, the Social Security Administration announced that seniors will receive a 1.5 percent Social Security cost-of-living adjustment (COLA) in 2014, which is slightly lower than 2013's 1.7 percent COLA, and is far lower than the 3 percent average COLA over the past thirty years. Officials also announced on Wednesday that the maximum amount of earnings subject to the Social Security payroll tax will increase in January from 3,700 to 7,000. In a press release, SSA noted that about 10 million workers will pay higher taxes in 2014 as a result of the increase. .More than 10,000 people died waiting for a disability decision from the Social Security Administration in 201The rising death toll coincides with the growing backlog of people awaiting a decision about their eligibility for Social Security disability insurance benefits. But even after a disabled individual has been found eligible, he or she must wait 5 months for benefits to begin, and 2 whole years before Medicare benefits start. The long waits, especially for Medicare, have forced many low to middle-income disabled beneficiaries to deplete their savings while they wait. .With many seniors spending 30 or more years living in retirement, a COLA that keeps up with rising costs is essential protection for making retirement savings last, and for preventing seniors from falling into poverty. Yet over the past five years, Social Security benefits have grown on average about 1.4% per year — less than half the average rate of growth in previous years. Recent projections by the Congressional Budget Office for 2015 suggest another low COLA of 1.6% next year.