Legislative Update For Week Ending December 14 2012
In addition, we will be urging lawmakers to adopt legislation that would result in more fair and accurate COLAs in the future. Several bills before Congress would accomplish this, including the CPI-E Act (H.R. 3351), the Guaranteed 3% COLA Act (H.R. 3588), the Social Security 2100 Act (S. 1904, H.R. 1391), and the Social Security Expansion Act (S. 731). TSCL believes each of these bills would go a long way in ensuring the retirement security seniors have earned and deserve. .Before spending the money, you may be able to accomplish a lot of your own retirement planning by exploring free or low-cost resources in your community. Try starting with educational programs offered by your local senior center, community college or public universities. Ask about classes and workshops specifically designed to help people over 60 learn about and think through major aspects of retirement and aging. Here are some questions to help get you started: .The House-passed bill eliminates the medical expense deduction, which approximately 5 million taxpayers over the age of sixty-five rely upon when their out-of-pocket medical costs total more than 10 percent of their annual income. The elimination of this deduction would be a catastrophic financial loss for those who find themselves in need of costly in-home or nursing home care. Congressman Kevin Brady (TX-8) – the chairman of the bicameral conference committee – said this week that he hopes to keep the deduction in place, but discussions remain up in the air. … Continued
Q May June 2018
TSCL believes that these two provisions unfairly reduce the earned benefits of millions of seniors each year. We were pleased to see support grow for the Social Security Fairness Act this week. .Social Security Subcommittee Discusses Disability Fraud .Summer Congressional Recess Continues … Continued
He is a member of TREThe Enlisted Association (TREA), The American Legion, the National Association of Uniformed Services (NAUS), the National Rifle Association (NRA), and the United States Flag Foundation. He was a member of the committee that chartered TREA Eagle Chapter 94, Warner Robins, Georgia, in 199He also served as their first President from 1999 to 200In 2001, he moved to Las Vegas, and joined Chapter 84, where he served as their President from 2002-200He returned to Warner Robins 2006, and rejoined Chapter 9He served as their President in 2007 and 2008, 2015, and 201He is still active in chapter activities. .About one in five older and disabled Medicare beneficiaries has income so low that their state Medicaid programs pay some or most of their Medicare costs. That includes Medicare Part B premiums and out-of-pocket costs, as well as services that aren't covered by Medicare, such as vision, dental and nursing home care. .The Senior Citizens League was pleased to see support grow for these three bills this week, and we thank the new cosponsors for their support. In the months ahead, The Senior Citizens League will continue to advocate for the passage of the Social Security Fairness Act, the Social Security 2100 Act, and the Medicare Drug Price Negotiation Act, and we urge Congress to enact them this year. .TSCL Endorses Social Security Administration Fairness Act .If signed into law, the Medicare Physician Payment Innovation Act would repeal the sustainable growth rate (SGR) formula for physician reimbursements, and it would set up a five-year trial period during which the Centers for Medicare and Medicaid Services would test and evaluate new payment and delivery models. TSCL strongly believes that the SGR formula breeds uncertainty in the Medicare program for both physicians and beneficiaries. Many doctors have stopped accepting Medicare patients, and many more are threatening to do so if a permanent solution is not established soon. We believe that Rep. Schwartz's bill would bring increased stability to the Medicare program, and we were pleased to see four new cosponsors announce their support for it this week. .TSCL supports H.R. 973 and H.R. 1391 since both would modernize the Social Security program in a responsible way. We were pleased to see them gain critical support this week. .Susan's son Andrew requires an expensive anti-convulsive medication, Depakote Sprinkles. None of his Part D plan choices covers the brand drug — which can cost ,099 a year retail — only the generic version. But for Andrew, the generic doesn't work, and he has suffered seizures while using it. Susan learned, however, from Advisor editor Mary Johnson, that because Andrew receives Medicare Extra Help, his doctor can ask his drug plan for a coverage exception. Since starting Medicare, Andrew has received coverage for Depakote in each of his Part D plan choices. .(Washington, DC) – The Senior Citizens League (TSCL) is calling on Congressional leadership to lift the federal budget debt ceiling and prevent a default on the federal debt — including the debt held by the Social Security Trust Fund. "Congressional inaction on the debt ceiling is a growing concern, " said TSCL in a letter to House and Senate budget leaders. "In prior debates to lift the debt ceiling, Social Security benefits have been used as a bargaining chip, and retirees have seen unexpected benefit cuts," the letter states. .What sort of income will your resources generate? Will the income generated by your retirement savings be enough to cover the loss of income, expenses, and taxes if any, if you die?