Major Immigration Reform Legislation Moving In Congress
TSCL enthusiastically supports H.R. 1391 since it would strengthen the program without cutting benefits for seniors. We were pleased to see support grow for it this week. .Would the money spent on life insurance premiums be better invested in an annuity or other investment? Some types of life insurance can be cost prohibitive. Your best investment is to get unbiased advice from a fee-only certified financial professional who does not get a commission from selling life insurance policies, before dumping your life insurance, or taking out any new policies. .Americans 65 and Older See Largest Increase in Poverty … Continued
Benefit Bulletin December 2019
TSCL enthusiastically supports H.R. 2305 and H.R. 3118, and we were pleased to see support grow for both of them this week. .The bill now moves on to the full Energy and Commerce Committee for a markup, and later it will likely move to the House Ways and Means Committee, where more offsets will be added. Lawmakers in both the House and the Senate hope to repeal and replace the SGR before January 1st – if they fail to act, doctors who treat Medicare patients will see a 25 percent pay cut. TSCL was pleased to see the subcommittee's bill progress this week, and we are hopeful that Members of Congress will pass a permanent solution before the end of this year in order to preserve seniors' access to quality medical care. As the negotiations evolve, we will continue to post updates here in the Legislative News section of our website. .In the Senate, Finance Committee Chairman Chuck Grassley (IA) has also prioritized this critical issue. His first hearing as chairman was titled "Drug Pricing in AmericA Prescription for Change" and, in his opening statement, he vowed to get to the bottom of the growing problem. Following that hearing in January, Chairman Grassley called upon seven of the most profitable pharmaceutical companies to testify before the committee, saying: "Patients and taxpayers deserve to hear from leaders in the industry about what's behind this unsustainable trend." … Continued
The Senior Citizens League enthusiastically supports the two bills mentioned above, and we were pleased to see support grow for them this week. For more information about these and other bills that have been backed by The Senior Citizens League, visit the Bill Tracking section of our website. .With no increase in Social Security benefits over the past two years, seniors participating in TSCL surveys say they are putting off visits to the doctors, and many are not filling prescriptions. But foregoing healthcare can backfire, leaving you with bigger health problems and bills down the road. Here are three things you can start doing right now to lower your Medicare costs and improve your health. .What If Food Costs Grew As Fast As Medicare Part B Premiums? .Earnings from work could cause Social Security to withhold your benefits. Should you be successful in your job search, your earnings could affect what you receive in Social Security benefits. Social Security will deduct in benefits for every you earn above the annual limit, which is adjusted annually and is ,720 in 201If for example, you started a job and earn ,000 in 2017, you would earn ,280 more than the exempt ,720. That means Social Security with withhold about ,140 in benefits. If you are receiving a reduced survivors monthly benefit of 5, or ,100 annually, then you would receive only 0 in benefits for the entire year of 201You would receive no benefits at all for 10 months out of the year. .In addition, other medical supplies, including masks, gloves, and gowns are also made, in large measure, in China. .The Senior Citizens League supports your right to avoid unwanted direct mail. If you no longer want to receive mailings from The Senior Citizens League, you can opt out by contacting us at [email protected] and telling us, "No mail please." Be sure to include your name and mailing address as it appears on the mail you are receiving from The Senior Citizens League. .A loop-hole in current Social Security law could allow millions of Mexican workers and their dependents to eventually collect Social Security benefits for earnings while working under fraudulent, or non-work-authorized, Social Security numbers. .Totalization Agreement .Members of the Finance Committee seemed receptive to Blum's suggestions on Wednesday, but it remains to be seen whether they will act in the coming months. Thus far, one of the greatest hurdles for lawmakers has been coming up with an offset to cover the cost of the repeal – the Congressional Budget Office has estimated that the price tag will be nearly 0 billion over ten years. TSCL is hopeful that lawmakers will repeal and replace the SGR by the end of this year in order to preserve seniors' access to quality medical care. As the discussions evolve over the coming months, we will continue to post updates here in the Legislative News section of our website.