The Immigration Reform Provision That Would Provide Billions In Social Security Protection
In April, TSCL's staff trekked up to Capitol Hill to hand-deliver hundreds of thousands of petitions to each Congressional office. The petitions were delivered along with a cover letter from Larry Hyland, Chairman of TSCL's Board of Trustees, who encouraged Members to support key bills. He wrote: "Your constituents listed in the following pages are active and informed, and these represent some of the issues that matter the most to them. Each of these bills would go a long way in protecting and defending the earned benefits of senior citizens." .Medicare's therapy cap on rehabilitation services, such as physical, occupational and speech therapy, has a long and sordid history in Washington D.C. The therapy cap sought to keep the Medicare budget under control but often hurt patients who need care after traumatic medical events. In practice, this cap limits access to Medicare - covered rehabilitation services. Patients are faced with either footing the bill for additional expensive care out of their own pocket or purchasing additional supplementary coverage if they can afford it. .But one thing is clear: Congress and the President, whoever his is, will have massive issues to deal with, not the least of which will be the future solvency of Social Security and Medicare. Our political leaders have to stop avoiding dealing with these tough issues. They can't continue to "kick the can down the road." … Continued
Congressional Corner Older Americans Need Stable Economic Future And Reliable Healthcare
Congress did not receive any automatic pay adjustment this year. With so many Americans (including seniors) suffering from long-term financial set backs, and so many workers out of jobs, lawmakers wisely opted to forego a raise. They last received a pay raise in January 200At the time their salary was increased 2.8% to 4,000 from 9,300. While the recession was taking a bite out of Americans' income, the pay of Members of Congress grew by ,800 from the time the recession began at the end of December 2007 through 2009, according to the Congressional Research Service. Over the decade 2000 through 2009, Congress gave themselves a total of 9 pay hikes, raising their salaries a total of ,300 from 6,700 in 1999 to the 4,000 that they receive in 201Legislation passed in 1989 established the current formula used to automatically adjust the Congressional pay increase that they refer to as a "cost-of-living adjustment" (COLA). .Congress and President Obama are battling over the federal budget, but supporters in Congress aren't about to forget Notch Babies. The Notch Fairness Act bills (H.R. 155) and (S.90) were introduced by Representative Mike McIntrye (NC-7) and Senator David Vitter (LA). They were among the first bills to be re-introduced in the new session. The bills would provide Notch Babies born from 1917 through 1926, or spouses who receive benefits on their account, a choice of ,000 payable in four annual installments or, an improved monthly benefit. .The Grassley-Wyden package would create a rebate system in Medicare Part B and Part D beginning in 2022 for brand-name drugs and biological products with prices that increase faster than inflation. Conservative groups and some Senate Republicans have opposed the rebate system for Part D, the prescription drug benefit program, but not for Part B, the outpatient services program. … Continued
The prices that insurers pay for in-network services are typically much lower than the provider list prices. .I've been hearing a lot recently that Social Security is a Ponzi scheme. Just how much in Social Security benefits can I expect? I just turned 62, but I'm still working and haven't started benefits yet. .Sources: National Health Expenditures 2011 Highlights, Department of Health and Human Services, January 8, 2013. .President was expanding home and community-based care for the elderly and disabled and improving conditions for the poorly paid workers who give that care. .Progress Report: Getting Congress On Board For Key Senior Issues .Sources: Testimony: The Social Security Disability Insurance Program, Joyce Manchester, The Congressional Budget Office, March 14, 201"Challenges Facing The Next Commissioner Of Social Security," SSA Office of Inspector General, April 26, 2012013 Social Security Trustees Report, May 31, 2013. .Generally, retirement planners say that to maintain their current standard of living, retirees need to replace 70 percent of their pre-retirement earnings. However, with recent hits to personal savings and 401(k) balances, households are struggling with an erosion in the value of their retirement savings. Also, while workers may plan to retire at a certain age, their retirement decisions are often subject to circumstances outside of their control. A study conducted by McKinsey & Company found that roughly half of all workers who retired earlier than they planned cited health reasons or needing to care for a family member; the other half cited job loss. .The House recently approved legislation that would require a valid Social Security Number in order for tax filers to claim the child tax credits, but the fate of the legislation is uncertain in the Senate. TSCL is strongly opposed to allowing illegal immigrants to collect refundable tax credits of ANY kind. We encourage you to contact your Members of Congress to tell them to put a stop to this .2 billion hand-out. Send an email to your Member of Congress online. .On Wednesday, TSCL's Board of Trustees, along with Executive Director Shannon Benton, presented Rep. Mike McIntyre (NC-7) with the 2012 Seniors Advocate Award for his efforts on behalf of the nation's senior citizens. For more than fifteen years, Rep. McIntyre has been a leader dedicated to the issues that matter the most to TSCL's members and supporters.