News

  • Next Obamacare Problem New Coverage May Not Kick In

    Upon introducing the bill, Rep. Negrete McLeod said: "For seniors living on a fixed income, this could greatly impact their quality of life … We must protect seniors and ensure those who are most vulnerable do not face greater economic insecurity due to rising medical expenses." By preventing the threshold hike from occurring, her bill would save the average senior nearly 0 a year in qualifying tax deductions. TSCL enthusiastically supports H.R. 4104, and we look forward to working with Rep. Negrete McLeod in the coming months to help build support for it. In the meantime, we encourage our members and supporters to contact their representatives to request their support for it. To find contact information for your elected officials, click HERE. .While the Social Security Trustees project that the program will remain solvent until 2033 and that the Medicare Trust Fund will be solvent until 2024, both programs are currently paying out more than received in cash revenues. Because the federal budget is in deficit, the government is borrowing the money to pay benefits. The cost of interest payments is increasing as a portion of the federal budget. The question is how long can the government continue to borrow the money. .Background Information: Social Security beneficiaries received another record-low cost-of-living adjustment (COLA) of just 0.3% this year. But if the COLA were based on a more accurate measure of inflation for seniors like the Consumer Price Index for the Elderly (CPI-E), they would be receiving an increase of 2.1% according to data from the Bureau of Labor Statistics. Question: Do you support legislation that would give older Americans a more fair and adequate Social Security COLA? … Continued

  • New Medicare Report Adequate Coverage Affordability Beyond Reach Many Low Moderate Income People

    On Tuesday, the Senate HELP Committee held a bipartisan hearing to discuss the rising costs of prescription drugs. Members of the committee heard from four expert witnesses, including Doctor Paul Howard – Director of Health Policy at the Manhattan Institute – and Doctor Gerard Anderson – Professor of Medicine at Johns Hopkins University School of Medicine. .Source: The Federal Government's Long-Term Fiscal Outlook, Government Accountability Office, October 201"Monitoring Medicare+Choice, What Have We Learned?" Mathematica Policy Research, Inc., August, 2004. .Yet according Sara Zeff Geber, PhD, author of Essential Retirement Planning for Solo Agers, very few childless adults reside in assisted living or continuous care communities today. That's because it's the adult children, who are the primary caregivers, who help make the decision when mom and/or dad needs more care than can be safely provided at home. It's the adult children who assist with the tasks of helping parents shop for the right senior housing, help with the downsizing and moving, and assist with the complicated transaction of selling a parent's home and financing senior housing. … Continued

Sources: National Health Expenditures 2011 Highlights, Department of Health and Human Services, January 8, 2013. .Check plans offering gap coverage but don't be surprised if you wouldn't save much. If your new prescription will cost enough to put you into the doughnut hole coverage gap, check the cost of plans with additional gap coverage. But if your main expense is an expensive brand name prescription, gap coverage may not save enough to make up for the higher cost of premiums. Most only cover some generics. Get unbiased help comparing your coverage by calling your Area Agency on Aging and asking for the help of a State Health Insurance Assistance Program (SHIP) counselor, or visit online at: https://shipnpr.shiptalk.org/. .The Medicare Hotline number is The number to report Medicare fraud is You may also wish to look at their web site. www.hcfa.gov .The Medicare Trustees estimated in their April 2020 annual report that the base 2021 Part B premium would rise by .70 (6 percent), from 4.60 to 3.30.[9] The annual report was written prior to the coronavirus national emergency and does not incorporate the effects of the coronavirus caused recession, the interaction with an extremely low, or even no COLA, and the potential triggering of hold harmless in its forecast. .House Democrats did not pre-negotiate terms with the GOP-Senate or the White House, so it is unlikely that the bill, called the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act will become law in its present form. Senate Majority Leader Mitch McConnell (R- Ky.) has already pronounced the bill dead. But most observers believe it is the opening bid on the part of the House leaders to begin a process that will eventually lead to a fifth virus-related relief bill. .This week, President Obama released his fiscal 2015 budget blueprint. In addition, The Senior Citizens League's (TSCL's) Board of Trustees traveled to Capitol Hill to meet with four lawmakers and their top aides, and TSCL saw . .Please, share this video with your friends (use the "Share" button above or copy the URL into an email). .With over 1 million supporters, The Senior Citizens League is one of the nation's largest nonpartisan seniors groups. Located just outside Washington, D.C., its mission is to promote and assist members and supporters, to educate and alert senior citizens about their rights and freedoms as U.S. Citizens, and to protect and defend the benefits senior citizens have earned and paid for. .This week, one new cosponsor – Rep. Robert Scott (VA-3) – signed on to Rep. Peter DeFazio's (OR-4) Consumer Price Index for Elderly Consumers (CPI-E) Act (H.R. 1030). The cosponsor total is now up to ten. If signed into law, Rep. DeFazio's bill would base the Social Security COLA upon the spending patterns of seniors. Currently, it is based upon the way young, urban workers spend their money – a method that underestimates the spending inflation that seniors experience. A study conducted by TSCL in 2012 found that seniors have lost 34 percent of their purchasing power since 2000 – a clear sign that the current COLA is growing too slowly.