News

  • Democrats In House Of Representatives Have Similar Legislation

    The makers of all three vaccines have said that their shots proved to be anywhere from 70% to 95% effective in clinical trials in protecting people from illness caused by the virus. But it was unclear whether the vaccines could also suppress transmission of the virus — that is, whether someone inoculated could still acquire the virus without getting sick and spread it to others. .The foam has been more effective in clearing most of Graves' symptoms and her Medicare Part D plan has paid for most of the cost of the "golden foam" so far. But Graves is keeping use of the medicine to a minimum, not only for health reasons, but because she doesn't want to run through her Part D initial coverage limit and hit the doughnut hole. .You might be able to avoid doing so. Coronavirus stimulus legislation (CARES Act) that was signed into law in March waives required minimum distributions (RMDs) in 2020 for anyone who owns a 401(k), 403(b), or IRA. Instead of taking money from your retirement accounts this year, retirees can wait, or take less, to give investments time to recover. That's helpful, because most RMDs are based on the value of your retirement accounts on December 31st of the previous year. … Continued

  • S 478 Social Security Expansion Act

    What cost increases should you keep an eye on in 2015? Prescription drugs! To learn more see "Unprecedented Generic Drug Price Spikes Wreaking Havoc." .Alexandria, VHow much will the Social Security cost – of – living adjustment (COLA) boost your benefits? "Probably not enough to prevent a loss of benefit buying power," says Ed Cates, Chairman of The Senior Citizens League (TSCL). The Social Security Administration recently announced that beneficiaries would receive a 1.7 percent COLA effective January 2015, making the sixth consecutive year of exceptionally low growth in benefits. With the average Social Security payment hovering around ,200 per month, the COLA would boost benefits by around .00. .(Washington, DC) – Sixty - five percent of retirees participating in a new survey by The Senior Citizens League (TSCL) report that their monthly household expenses in 2020 rose by more than . That includes 40 percent of survey participants who reported that their monthly household expenses are up by 0 or more. Yet the same survey also found that 63 percent of participants indicated that their 2021 COLA, which was 1.3 percent, raised their net monthly Social Security benefit by less than after the deduction for the Part B premium. … Continued

Although law forbids work without authorization, immigrants use invalid SSNs to get jobs. When employers provide W2s in which the name and SSN do not match those in the SSA's records, the wage report is held in the Earnings Suspense File (ESF) until the discrepancy can be corrected, according to the Social Security Administration's Office of the Inspector General. This can occur even years later when a claim is filed for benefits. .Budget Cuts Taking Toll on Congressional Staffs .In view of what happened and the substantial differential in pure dollar terms, TSCL believes "The Notch Fairness Act" is a fair, and even modest settlement for those who were affected by the Notch. "The Notch Fairness Act" would provide those born from 1917 through 1926 the option of choosing ,000 payable over a five year period or an improved monthly benefit. .Early this week, the Social Security Administration (SSA) announced that it would immediately remove the text requirement from the online account login process. TSCL first voiced concerns about the new security policy two weeks ago, when we learned of the change. Senior policy analyst Jessie Gibbons told Karen Damato of Money: "We're concerned that the abrupt change will cause a lot of confusion and frustration among older Americans, many of whom don't have reliable access to text-enabled cell phones." .Americans are anxious to get back to normal after over a year of being limited in their activities because of the pandemic. For many seniors, as well as others, that includes vacationing, and vacationing includes trips on cruise ships. .Unfortunately, the Senate disagreed among themselves about what to do and they were unable to craft a bill that could pass the Senate. .With So Much At Stake It's Time to Challenge Elected Lawmakers! .Cutting the annual cost-of-living adjustment (COLA) by switching to a more slowly rising measure of inflation – the "chained" Consumer Price Index (CPI) – is currently one of the most popular deficit reduction proposals on the table. Backed by lawmakers on both sides of the aisle – including President Obama – proponents are calling it a small "technical correction." But "chaining" the COLA would compound over the course of a retirement and, after ten years, it would amount to an per month benefit cut for the average retired married couple – an amount that most seniors simply cannot afford to lose. .TSCL has serious concerns about several of the provisions in the AHCA, including the tax cut that would endanger the Medicare program. As discussions continue to advance the bill, The Senior Citizens League (TSCL) will continue to monitor them, and we will advocate on Capitol Hill for policies that would protect the Medicare Trust Fund while reducing out-of-pocket costs for older Americans. For progress updates, follow TSCL on Facebook or Twitter.