The Advisor Volume 16 June 2011 Part 2
Social Security runs two disability programs – each with separate sources of funding. SSDI provides income to under age 65 adults that is calculated from their own work covered by FICA taxes. Their benefits are paid from the SSDI Fund. The Supplemental Security Income program (SSI) also pays disability benefits, but it's for low-income people without enough of work history to qualify for SSDI. Benefits are funded through both federal (and some state) revenues, and it's means tested like welfare. .Unlike other government penalties, such as a tax penalty, the extra 0 per month is permanent, and is payable for the rest of the time he has Medicare. To avoid further penalties, we strongly urge your daughter to get her father-in-law enrolled in Medicare Part B as quickly as possible. If her father-in-law only receives Social Security and has limited savings, he may qualify for a Medicare Savings Program that would pay the cost of the Part B premium. .Unlike many other organizations TSCL accepts no government funding -- this leaves us free to truly represent the interests of supporters like you. … Continued
Category Legislative News Page 2
In addition, two new cosponsors – Reps. Pete Olson (TX-22) and Adam Kinzinger (IL-16) – signed on to the Preventing and Reducing Improper Medicare and Medicaid Expenditures (PRIME) Act (H.R. 2305), bringing the total up to sixty. If signed into law, the PRIME Act would take a number of steps to comprehensively prevent fraud, waste, and abuse within Medicare and Medicaid – a problem that TSCL believes must be addressed in order to ensure that scarce program dollars are being spent properly. .As much as the protection against reduction of Social Security benefits is appreciated, Barbara has been frustrated about high Medicare premium costs after years of low or no COLA growth. "It's been 36 months since I've had any raise in my net operating Social Security, but my actual household costs continue to go up," Barbara told us. "This isn't fair to retirees," she adds. .Congress Averts Government Shutdown … Continued
For details, or to see if your Members of Congress have scheduled meetings, contact their offices. You can find contact information for all Members of Congress on the ACTION CENTER of our website. For tips on which questions you should ask at your next town hall, click HERE. .On Wednesday, Senate Budget Chair Kent Conrad laid out a long-term plan to reduce the deficit. His proposal, called the Fiscal Commission Budget Plan, nearly mirrors the recommendations made in 2010 by President Obama's National Commission on Fiscal Responsibility and Reform. According to Sen. Conrad, it would reduce the deficit by .4 trillion over ten years. .Last July 24 President Trump announced his intention to sign four executive orders regarding prescription drugs, including one that would tie the cost of drugs in the US to drug prices in other countries. At the same time, he said he would delay signing the order and give pharmaceutical companies, which have vigorously opposed such a move, time to come up with their own plan to lower drug prices. .But he cautions that the amount of benefit from flu vaccination could be different in a different group of people. "There is a protective effect," he says. "How much is something that needs to be quantified with a more intensive study." .Annual vaccinations. While you don't want to skip annual exams and vaccines, you might be surprised to learn that many recommended vaccines are licensed to be effective for three years or more. However, all pets are different and some non-core vaccines may need to be given more frequently. State and local laws can affect how frequently some vaccines are given. Ask for a copy of your pet's vaccination records, if you don't already have them. Then check around for low-cost spay & neuter clinics that also offer discounted vaccinations. To learn more about discounted vaccines, contact your local SPCA, animal shelter, or local pet supply stores to learn what may be scheduled in your area. .Joint filers in households where both spouses work or where one or both spouses have more than one job. .To cover the cost of CPI-E Act's adoption and to improve the solvency of the Social Security program, The Senior Citizens League supports an increase in the payroll tax cap. Nearly 75 percent of our supporters agree that the wealthiest Americans must begin contributing to the program more fairly, based on the results of our 2018 Senior Survey. Several bills now before Congress would increase or eliminate the payroll tax cap, and The Senior Citizens League will continue to advocate for their passage tirelessly in the months ahead. .It is likely the President will face a legal challenge over these actions. The U.S. Constitution gives Congress the power of the purse and any changes to taxes or spending are supposed to come from Congress. .For this week, lawmakers in the House and Senate remained in their home states and districts to continue the month-long August recess.