Seasonal Flu Not A Factor This Year
The Senior Citizens League and the Alliance for Retired Americans endorse my Seniors' Security Act because they know what I do – that our seniors should be enjoying their golden years, not worrying about how they'll pay their bills and stay in their homes. .Pressure politicians. "Candidates who don't take a stand on Social Security in this important election year choose to put the program's strength at risk in the long-term," AARP CEO Jo Ann Jenkins said in a statement. "Though people of all ages rely on it, its importance to older Americans — already under tremendous pressure from wage stagnation and shrinking pensions — is only likely to grow." .How have you been affected by high Medicare Part B premium increases? To participate in a survey, visit The Senior Citizens League's website at . … Continued
Does The Social Security Cola Overpay Seniors Deficit Cutters Say Colas Need A Trim
"The last thing struggling Americans need right now is a secret panel designed to slash their earned benefits and further undermine their economic security," House Ways and Means Chairman Richard Neal (D-Mass.) said in a statement. "I wholeheartedly object to the TRUST Act and will fight against its nefarious inclusion in any upcoming relief package." .According to a report in BGov News, "… younger seniors have shown a greater appetite for vaccines than their older peers. Initially, the opposite was true, as governments sent inoculation teams into nursing homes and assisted-living facilities. Recently, the numbers have flipped, adding support to the idea that some elderly residents -- especially those outside structured-living arrangements -- are simply having trouble navigating the system." .When a zero COLA was announced for 2016, the Medicare Trustees projected that the Part B premium and deductible amounts would increase by an unprecedented 52 percent between 2015 and 2016 — from 4.90 to 9.30 per month. Passage of The Bipartisan Budget Act of 2015, however resulted in reducing the increase in Part B premiums from 9.30 per month to 1.80 per month, which was still an extremely high 16.1 percent increase. The premium included a repayment amount that was added to monthly premiums of all beneficiaries in future years to recover over time the cost of the reduced premium rate in 2016. … Continued
Depending on your income, you may qualify for Medicare Extra Help, which can cover most or all of your prescription drug premium and out-of-pocket costs. Your SHIP counselor may also know of special programs in your state. .Currently, the two vaccines available are produced by Moderna and Pfizer. However, a vaccine from Johnson and Johnson could become available within the next few days. And there could be one or two more available in a few more weeks. ."The high cost of prescription drugs forces people to do what we shouldn't have to do, like ordering drugs from Canada," says Susan. "I have a friend who went without one of her prescriptions because she didn't have the money, and she died of a stroke. Our government is not doing what it's supposed to do. It's a constant struggle and my husband hasn't retired yet because of our concern about the costs of his prescription drugs for which he currently gets good coverage from his job." .The average retired worker receives just ,500 year in Social Security benefits. .The Senior Citizens League (TSCL) urges its members and supporters to make the most of the August recess by attending town hall meetings. For more information, or to see if your Members of Congress will be holding town halls in the coming days, call their local offices. .TSCL also announced its support this week for the Medicare Prescription Drug Price Negotiation Act (S. 41, H.R. 242), which was introduced by Senator Amy Klobuchar (MN) in the Senate and by Representative Peter Welch (VT) in the House. Their bill, if signed into law, would require the Secretary of the Department of Health and Human Services (HHS) to negotiate prescription drug prices on behalf of nearly 40 million Medicare Part D beneficiaries. If HHS were able to negotiate similar prices as those paid by Medicaid and the Veterans Health Administration, the Medicare program would save billions of dollars annually, and beneficiaries would have better access to more affordable prescription drugs. .The following Members of Congress, among many others, will be holding town hall meetings in the final days of this week's recess: Sen. Charles Grassley (IA), Rep. Lynn Jenkins (KS-2), Rep. Tom MacArthur (NJ-3), Rep. Mark Pocan (WI-2), Rep. Bruce Westerman (AR-4), Rep. Will Hurd (TX-23), Rep. Suzanne Bonamici (OR-1), Rep. Jim Langevin (RI-2), and Rep. Jim Sensenbrenner (WI-5). .An unusually steep drop in inflation has slightly improved the buying power of Social Security benefits this year — by about 9%. But despite the temporary improvement, Social Security benefits have still lost 22% of their buying power since 2000, according to the 2015 Survey of Senior Costs recently released by The Senior Citizens League (TSCL). .Unless something is done, TSCL calculates there may be no COLA for next year.