News

  • Congressional Corner

    Medicare Part B enrollees who don't receive Social Security benefits. This includes people who have delayed the start of Social Security benefits, and all people who are billed for Medicare. According to a report from the Kaiser Family Foundation, in 2013, about half of all people on Medicare who don't yet receive Social Security had incomes below ,000. .Estimate healthcare cost increases of at least 7% to 10% a year. Recently there has been news of a slowdown in healthcare costs. While that's good, overall Medicare costs still increased about 6 percent and in the past two decades the rate of increase was often about 10 percent per year. To keep a lid on your costs, make sure you compare health and drug plans annually during the Medicare Open Enrollment period that starts October 15th and ends December 7th every year. Switch when you can find a better plan. .Mary: What is the "anchor effect" and could you give an example? … Continued

  • Retirement Cost Hardest Cover

    This week, TSCL's legislative team, which is led by former Congressman David Funderburk and Mrs. Betty Funderburk, met with several Members of Congress and their top staff to discuss issues of critical importance to seniors. The following bills, among others, were discussed this week: the Consumer Price Index for Elderly Consumers (CPI-E) Act (H.R. 1030), the CPI for Seniors Act (H.R. 2154), the Social Security Fairness Act (H.R. 1795), the Notch Fairness Act (H.R. 155), the No Social Security for Illegal Immigrants Act (H.R. 2745), and the Medicare Physician Payment Innovation Act (H.R. 574). ."It is not possible or believable that the infection control surveys accurately portray the extent of infection control deficiencies in U.S. nursing facilities," the report states. .Drug Discount Cards … Continued

TSCL opposes legislative efforts that would make today's seniors and those nearing Medicare-age pay higher costs for their Medicare coverage. .Unlike other types of health insurance, Part D plans do not have a fixed annual out-of-pocket maximum, and you could potentially continue to spend even more than ,100 this year. While that's a huge sum for just prescription drugs, the out-of-pocket threshold "re-sets" and it starts all over again next year. Unless Congress takes action, the out-of-pocket threshold is scheduled to make a steep increase in 2020 to ,250, due to an expiring provision of the 2010 Affordable Care Act. .Many social and economic factors work against women who are family caregivers and mothers that can lower their Social Security benefits. The Senior Citizens League (TSCL) believes that lawmakers can and should be doing more to improve this. .The Social Security COLA is calculated using the consumer price index. There are several of them, and the government uses the Consumer Price Index for Urban Wage Earners and Workers (CPI-W) to calculate the annual boost. That index, though, doesn't measure how people 62 and older spend their money. It measures how younger working adults do. Seniors, however, have different spending patterns, and have to spend a growing share of their budget on healthcare, which in most years outpaces overall inflation. .Proponents of cutting benefits argue that Social Security, as it is currently structured, is unstainable because there are fewer workers to support current retirees. Social Security is estimated to run short of funds in about 15 years. Without changes and soon, Social Security benefits would have to be reduced by about 22% to match the amount of revenues that the program receives. .In the meantime, though, as businesses re-open and we return to a new version of normal, it's important to stay vigilant. .Social Security provides the income and access to health care that seniors rely on each and every day. They are benefits my generation has earned – and future generations have been promised. We must work together and make sure our country keeps this promise. .Rep. Ted Deutch (FL-21) introduced H.R. 1811 on April 15, 201It has since been referred to the Committee on Ways and Means and to the Committee on Education and the Workforce. .In a statement that was released shortly after the bill's introduction, Sen. Blumenthal stated, "The seniors who spent a lifetime working to make our country stronger deserve peace of mind that their retirement years will not be marked by suffering." TSCL could not agree more, and we look forward to working with Sen. Blumenthal and Rep. Cartwright in the coming months to help build support for their bill, and to help pass it into law.