Legislative Update Week Ending December 30 2016
Don't delay. To learn more, find a local Social Security office or to apply online, visit the Social Security website at SocialSecurity.gov or call the Social Security Administration toll-free at 1-800-772-1213 .Supplements and vitamins: Have you ever been surprised by a recommendation to put your dog on pet glucosamine or another joint supplement? Prices for these supplements at the vet can be up to 30% more than ordering these supplements online. Compare these prices at pet supply websites. .Sixty-five percent of people surveyed by The Senior Citizens League support lifting the thresholds that subject Social Security benefits to taxation. The Senior Citizens League is seeking input from the public on this issue. To participate in a survey about Social Security and Medicare, visit . … Continued
Congressional Corner Its Time To Tackle The High Cost Of Prescription Drugs
If adopted, it would provide beneficiaries with a 2 percent benefit boost, base cost-of-living adjustments on the more accurate Consumer Price Index for the Elderly, create a new minimum benefit set at 125 percent of the poverty line, and eliminate taxes on Social Security benefits for millions of seniors. It would also extend the solvency of the program through the year 2100 without cutting benefits for current or future retirees. .In April, lawmakers on the Republican Study Committee proposed a budget blueprint that would reform the Medicare program and cut Social Security benefits by adopting the "chained" CPI, eliminating the COLA for some seniors, and raising the eligibility age. Did you support this dramatic budget blueprint, and if so, why? .Should Social Security benefits be adjusted annually using a locality – based payment rate? Some of you, particularly those of you who are retired federal employees know far more about locality - based pay adjustments than I do. I hope you folks can set us straight on a new legislative proposal that would use locality- based pay adjustment rates to adjust Social Security benefits. My question to you — is this a good idea? Why or why not? … Continued
This is good news. While we have disagreements with some doctors over things like surprise medical billings, this year has taught us how critical and valuable to us all are our medical personnel. This certainly was no time to try to balance the budget on the backs of those who have borne the weight of so many of us this year. .I would like to know the deductible of my Medicare. .What Are The Ten Fastest Growing Senior Costs? .One rule, known as "most favored nation," would require Medicare to tie the prices it pays for drugs to those paid by other wealthy countries. The other rule would limit rebates paid to middle men (called "pharmacy benefit managers" or "PBMs") by drug makers in Medicare. .In addition, TSCL encourages its members and supporters to vote on election day, which is next week, on November 8th. To best be prepared, check out our list of election day resources right HERE. To see if your Members of Congress will be holding town hall meetings in the days ahead, call their local offices. You can find contact information HERE. For more sample town hall questions, click HERE. .USA TODAY .With the Medicare physician payment "doc fix" scheduled to cease at the end of February, lawmakers remain divided on where the funding will come from to extend the current level of payments to doctors. If the current "doc fix" expires, physicians' reimbursements will be reduced by a 27 percent rate. .We cannot afford to overlook the financial risks associated both with the U.S.-Mexico totalization agreement and with any immigration plan that includes an amnesty provision at the expense of first securing our borders against additional illegal immigration. .The additional cost from adopting private accounts poses a much greater threat to the Social Security Trust Fund's solvency than it currently faces. Consequently, I have always adamantly opposed "private" accounts, or "individual" accounts, or "personal accounts" – regardless of what they're called. They're a big gamble and a risky deal for workers, retirees, and taxpayers alike.