Category Issues Cola Articles Page 12
TSCL feels strongly that the Guaranteed 3 Percent COLA Act would go a long way in ensuring the retirement security seniors have earned and deserve. We lend our enthusiastic support to H.R. 3588, and we look forward to working with Congressman Engle through the remainder of the 114th Congress to help build support for his important new bill. .During the recent government shutdown, a group of feisty World War II vets managed to do what Congress failed miserably to do for another 15 days – reopen a part of our shuttered government. The National Mall and parks in Washington D.C. were closed to visitors. But on day one of the shutdown, CNN reported that "busloads of World War II vets, many in wheel chairs, broke past the barricades to visit the World War II Memorial as onlookers applauded." As the cameras rolled and several Members of Congress were busy trading blame, a line of vets rolled past security officers "who willingly stepped aside," CNN reported. .In June, the Medicare trustees estimated that Part B premiums will rise only .50 in 2019, from 4 to 5.50. However, according to a recent survey conducted by The Senior Citizens League, roughly 25 percent of all Medicare beneficiaries are currently paying less than 4 per month due to a special "hold harmless" provision of law. Their Part B premium hikes will be much larger than .50, offsetting a larger portion of the 2019 COLA. … Continued
Fastest Growing Retiree Prices August 2018 August 2019
TSCL is interested in hearing your comments on this issue, and whether you have ever been forced to use mandatory arbitration to resolve a disagreement. If so, did the outcome satisfy you? Please send us an email. .Medicare Part D is a rip off. My wife and I will pay more for our medication now, because we cannot afford to take the risk of not enrolling. We were getting most of our drugs from Canada, but under Part D we not only have to pay a monthly premium, but also have co-pays, plus much higher prices for our medication to meet the deductible or if we hit the doughnut hole. Forcing us to do this is simply not fair. What happened to the legislation to legalize the importation of drugs from Canada? .That spells trouble for people living on fixed incomes. "When COLAs fall down on the job of protecting benefit buying power, seniors face working longer, digging deeper into retirement savings, or falling into debt and poverty," says Ed Cates, Chairman of TSCL. … Continued
Unlike income brackets that are adjusted annually, the income thresholds that subject Social Security income to taxation are fixed. Because of this, the number of Social Security recipients who are hit by the tax has increased substantially over the years as incomes have grown. .Education and Communication (college tuition, postage, telephone services, computer software and accessories); .At the hearing, the Ranking Member of the Committee – Senator Bob Casey (PA) – presented a bill he introduced called the Beneficiary Enrollment Notification and Eligibility Simplification (BENES) Act. If adopted, his bill would simplify the Medicare enrollment process and help those nearing eligibility avoid costly penalties for late enrollment. .In his ruling the California judge admonished the federal government for skipping a key step in the rulemaking process and called the government's reasons for doing so "contrived." .Democrats have delayed the start of the program in part because of its cost and an agreement to limit the overall spending in the Biden budget bill to .5 trillion. There is some talk on Capitol Hill of offering seniors limited vouchers to use toward dental benefits before 2028 as a compromise. .Signatures on the Notch Victim Constituent Petition are also helping to convince more lawmakers than ever to co-sponsor "The Notch Fairness Act." .Alexandria, VSpiking drug prices are taking large numbers of Medicare beneficiaries by surprise according to a new survey by The Senior Citizens League (TSCL). Sixty-one percent of people with Medicare drug coverage report higher co-pays and co-insurance costs than expected in 2014 according to more than 1,000 survey participants. The reason for the cost spikes may be tough for many beneficiaries to figure out, according to the survey. Sky-high drug prices are commonly associated with brand and newer specialty drugs, but cost spikes are now affecting generics as well. .Rep. Peter DeFazio (OR-4) introduced H.R. 1031 on March 7, 201It has since been referred to the Committee on Ways and Means and the Committee on the Budget. .There's good news and bad for older job seekers. The good news: the jobless rate for older workers is lower than the overall unemployment rate. And many employers do value older workers for their experience, skill sets, reliability and maturity.