News

  • Social Security Medicare Questions July 2013

    The revenues from taxation of benefits are earmarked for funding Social Security and Medicare benefits. "Those revenues take on new importance in 2020, as the coronavirus takes a significant toll on Social Security and Medicare payroll tax revenues with more than 40 million people out of work," Johnson says. .Payments for neurologist-prescribed brand name, but not generic, drugs in Medicare Part D increased consistently and well above inflation from 2013-2017. .Two Social Security Reforms That Seniors Strongly Support … Continued

  • Benefit Bulletin September 2011 Advisor

    Sources: National Health Expenditures 2011 Highlights, Department of Health and Human Services, January 8, 2013. .However, there might be other ways to augment finances, particularly through an additional tax exemption and the Child Tax Credit. The American Rescue Plan Act (ARPA) of 2021 expands the Child Tax Credit for tax year 2021 in the following ways: .TSCL enthusiastically supports the bills mentioned above, and we were pleased to see support grow for each of them this week. … Continued

For nearly 30 million Americans, access to a trauma center is over an hour's drive. It's no exaggeration to say the fate of health care programs for rural America could mean life or death for the communities that feed, fuel, and clothe the rest of the country. .Please take time to participate in TSCL's much anticipated Senior Survey. TSCL's surveys have helped burst the all too common perception that Social Security benefit cuts are inevitable in order to achieve program solvency. TSCL surveys indicate that there is little support among older adults for proposals that would cut Social Security or Medicare benefits, or to replace these programs with private versions. TSCL will fight attempts to cut benefits, and that includes cutting COLAs reducing Social Security benefits or increasing Medicare costs. .The uncertainty of Senate passage of the new legislation to waive the cuts to Medicare comes about because of the 2010 Statutory Pay-As-You-Go Act, which requires across-the-board cuts, known as sequestration, to "mandatory" programs if any new legislation increases the deficit. .Get signed up for Medicare now in order to have your coverage start the month you turn 65! .Three Bills Gain Cosponsors .Medicare is currently prohibited from covering most hearing, vision, and dental services, even though millions of seniors are afflicted with age-related hearing loss, low vision, and poor oral health. When left untreated, these conditions often result in serious injuries and complications. What do you feel should be done about this? .Source: "2019 Changes to Medicare Advantage and Part D," The National Council on Aging, accessed on October 4, 2018. .It is indisputable that Americans are, on average, living longer lives. According to data from the Centers for Disease Control, someone who turned 65 in 1950 had, on average, 13.9 more years to live, while someone who turned 65 in 2007 had, on average, 18.6 more years to live. The 2009 Social Security Trustees Report also projected that over the next 25 years the life expectancy at age 65 will increase to 19.5 more years. Many cite this as a reason to support increasing the retirement age. Also, by encouraging workers to stay in the work force longer, more revenue will come into Social Security's coffers. .This week, The Senior Citizens League was pleased to see support grow for two key bills that would improve retirement security in America if adopted.