News
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Legislative Update For Week Ending February 17 2012
If signed into law, the Strengthening Social Security Act would amend title II of the Social Security Act to adjust the benefit formula, resulting in a more generous monthly Social Security benefit. It would also change the way that cost-of-living adjustments are calculated by adopting a Consumer Price Index for the Elderly, and it would lift the cap on income subject to the payroll tax. .The Medicare report estimated the Hospital Insurance Trust Fund will become depleted in just six more year. .To help with your planning process, TSCL has pulled together a number of resources that can help. Visit TSCL's Retirement Resource Center. … Continued
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Best Ways To Save On Medicare Costs
TSCL agrees that improvements must be made to ensure that older Americans are better informed about their benefit claiming options, and we are hopeful that SSA will carefully consider the proposals made at Wednesday's hearing. In addition, TSCL hopes that Congress will appropriate adequate funding to SSA in the months ahead so that field offices around the country can provide the highest quality service possible to individuals nearing and in retirement. For progress updates, follow TSCL's advocacy efforts on Twitter. .While President Trump has long called for reducing the prices of prescription drugs, his administration took action this week that will likely raise the costs for some seniors. .At that point Congress would either must cut benefits in a major way or raise taxes to pay for continued benefits, something that Congress has refused to do for years. … Continued
The Post story said that labs struggled to ramp up coronavirus testing, and hospitals and nursing homes ran short of personal protective equipment over the spring. These failures hampered the national and state responses to the pandemic, leaving the United States with far more infections and deaths than any other country. Even now, shortages of protective medical gear are looming as outbreaks grow in the South. One big reason is because these supplies often come from other countries, which were also dealing with outbreaks. .The judge's order stops the implementation of the rule until the completion of the notice and comment process. .Shopping for housing after an emergency. Your retirement housing is one of the most important investments you will ever make. It's important to start your search of retirement living options while you or the family member you are helping can optimally participate. Be realistic about care needs. Often families discover that a facility does not offer the level of services that may later be required and need to move again. .Medicare Advantage Plans May Offer New Supplemental Benefits, .We want to assure you that we will try to report the facts as we understand them and keep elective politics out of it. .Congressmember Karen Bass is serving her sixth term in Congress. She represents Culver City and parts of Los Angeles. .The cost of veterinarian services is growing nearly three times faster than Social Security benefits. While retirees are making do with a 1.6% COLA in 2020, veterinarian services increased 4.7% from January 2019 to January 2020. Over the same period, costs for physicians of human patients rose just 0.7%. .Immigration Reform .If signed into law, H.R. 973 would repeal the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) – two federal provisions that unfairly reduce or eliminate the earned Social Security benefits of millions of teachers, firefighters, peace officers, and other state or local government employees each year.
