News

  • Notch Bulletin March 2011

    The rule would require drug companies to give Medicare beneficiaries rebates that now go to insurers and PBMs. The nonpartisan Congressional Budget Office estimates it would increase taxpayer costs by 7 billion over 10 years. .Protection of the Social Security Trust Fund – Ensuring that the program's assets are locked out of the general budget. .According to the Urban Institute, parents who take paid leave one time would see a 3.2 percent cut in their future Social Security benefits, and parents who take paid leave two times would see a benefit cut of around 5.5 percent. Those who take four paid leaves would see permanent Social Security benefit cuts of around 10 percent in retirement. … Continued

  • Congressional Corner Lets Reduce Barriers Long Term Care

    It turns out than among seniors who are not vaccinated, the biggest problem may be access to the vaccine as opposed to opposition to getting the shot. .Survey the assisted living and long term care options available in your area. You can start your search by phone or online using the Eldercare Locator 1-800-677-111The Eldercare Locator is a service of the U.S. Administration on Aging and connects people with services in your community. .Tax legislation enacted at the end of last year makes significant changes that touch virtually all taxpayers. While most of the new provisions have consequences for the 2018 tax year and thereafter, there are at least a few things that pertain to the 2017 tax returns of older taxpayers. (Remember, as always, nothing in this newsletter constitutes legal or tax advice. Please consult tax advisors with your tax questions and for assistance in making decisions.) … Continued

In 2016 there was no COLA at all, and in 2017 the COLA was just 0.3 percent. During that time a special provision of law known as "hold harmless" protected about 70 percent of Social Security recipients from reductions to their Social Security benefits due to increasing Medicare Part B premiums. .On Thursday, the House Ways and Means Social Security Subcommittee held a hearing on the state of the Social Security program's information technology (IT). Lawmakers on the subcommittee heard from three expert witnesses, including Rajive Mathur, Chief Information Officer at the Social Security Administration (SSA). .If your husband's company had 20 or more employees, and your husband's former employer still has the same health coverage, you and your husband may have the option to temporarily continue to get healthcare coverage under your husband's former employer plan as provided by the Consolidated Omnibus Budget Reconciliation Act (COBRA). That coverage now, however, is likely to be more expensive than it was while your husband was an active employee, and it's only a short-term option. These are two reasons why both you and your spouse should explore other options promptly. .The Senior Citizens League agrees that the Social Security 2100 Act is a fair and responsible solution to the financing challenges facing the program, and we are proud to have endorsed the it. In the months ahead, we will advocate for its passage tirelessly, and we hope to see it signed into law before the end of this year. .The result of that analysis is precisely why we've opposed the President's order. To make matters worse, there is no plan on how to replace the money the Social Security and Medicare systems will lose if the temporary tax deferral becomes permanent. .More than 30% of all Medicare beneficiaries were enrolled in Medicare Advantage plans last year. The federal government pays plans a monthly fee to deliver all their healthcare needs — a fee that's based for the most part on risk scores. In 2015 plans like Humana received on average about ,900 per person for the year. According to government estimates, Medicare made nearly billion in improper payments to Medicare Advantage plans from 2008 through 2013, mostly due to inflated risk scores. .It's up to us to see that they do. We must hold our elected lawmakers accountable. TSCL, our members and their families, friends, and supporters will not allow the Notch Issue to quietly die away, but continue to press for enactment of Notch Reform legislation. .New TSCL Report: 4.8 Billion in Wages In SSA's Earnings Suspense File .You can gather indoors with fully vaccinated people without wearing a mask.