Its August Congress Traditional Vacation Month
One-out-of-five people who participated in TSCL Senior Survey spend more than 0.00 per month out-of-pocket on prescription drugs. That's an enormous amount, considering the average Social Security benefit is just ,460.00 per month. But even if you only take generics, or your Medicare drug or health plan premium goes down, this does not mean that your 2020 Medicare plan's drug coverage costs will also decrease. Your Medicare drug plan's prescription coverage – including which drugs are covered by your plan, and the cost, usually changes every year. .Newly Eligible People with Medicare ."We need to get committees working again. We need to recommit to a rational, functioning appropriations process," McConnell said on the floor of the Senate during the first full day of his Senate leadership. "We need to open up. the legislative process in a way that allows more amendments from both sides." … Continued
Legislative Update January 2014
As prices. Low COLA & 038; COVID-19 Costs Could Trigger A Medicare Premium Spike When the Social Security Administration announced that the cost-of-living adjustment (COLA) for 2016 would be zero, a stunning thing occurred. The Medicare Trustees projected that the monthly Part B premium would increase by an unprecedented .50 (52%) between 2015 and 2016— from 4.90 to 9.30 per month. What does this have to do with the. Retirement Benefits Could Be Subject To "Inaccurate CPI Information" TSCL is forecasting a 1.3% Social Security cost-of-living adjustment (COLA) for 202Our forecast is based on the most recent consumer price data from the U.S. Bureau of Labor Statistics (through August) and uses the same formula that the Social Security Administration uses to calculate the annual inflation boost. .While retirees won't be getting as much of an increase in their Social Security checks in 2020, the Part B premium, is expected to go up considerably more than it did this year. In 2019, most beneficiaries paid .50 per month more than in 201In 2020, however, the Medicare Trustees have forecast that Part B premiums will increase from 5.50 to 4.30 per month — .80 per month more—an increase of 6.5%. That's four times faster than the COLA. .The Senior Citizens League sincerely hopes that Members of Congress will responsibly avert the Fiscal Cliff without enacting harsh Social Security and Medicare benefit cuts. As the deadline nears, we will continue to warn lawmakers about the potential threats that benefit cuts would pose. In addition, we encourage you to contact your Members of Congress to request their support for fair cost-of-living adjustments and a temporary "doc fix." To find contact information for your elected officials, click HERE. … Continued
TSCL surveys have found that the overwhelming majority of seniors feel Social Security benefits should not be based on illegal work, regardless of whether taxes were withheld. With major changes looming for Social Security, TSCL supports legislation that would ban the payment of benefits based on illegal work — H.R. 787, "No Social Security for Illegal Immigrants Act," introduced by Representative Dana Rohrabacher (CA-46), and S.95, legislation to prevent Social Security credit from being earned without legal status introduced by Senator David Vitter (LA). . A divorced spouse can receive Social Security benefits on the account of an ex-wife (or husband) just the same as a surviving widower or widow. To qualify, your marriage must have lasted 10 years or more, and you did not remarry prior to age 60. You can receive a widower's benefit while you delay claiming your own retirement benefit to allow it to grow until age 70. You may claim your own retirement benefit, anytime it is higher than what you receive in survivors benefits up to age 70. .Finally, in May, TSCL hosted a "Welcome Reception" on Capitol Hill for all Members of the 113th Congress and their aides. The event offered TSCL's Board of Trustees, legislative team, and staff the opportunity to speak with lawmakers about the issues that matter most to seniors. In total, more than 125 Members of Congress and/or staff were in attendance, and many of them expressed their support for key bills, making the event a great success. .The federal government negotiates prescription drug prices for Medicaid and for veterans, but it is not allowed to negotiate lower prices for Medicare beneficiaries. Do you support this policy? .One of the most important results of this change is that the Senate Majority Leader controls what legislation moves through the Senate. That is crucial in determining what happens in terms of President Biden's agenda in the next two years. .The government has made it much easier to drop out of an older supplemental Medigap plan and join a new Medicare Advantage plan than the other way around. In fact, if you drop your older supplement, you may not be able to get it back again should you discover your new plan is not what you thought it would be. Failure to read the fine print can expose you to thousands of dollars in unexpected out-of-pocket costs should you require even just a few days of hospitalization or have a health condition that requires multiple visits to the doctor and lab services. .Instead of using the CPI-W or the "chained" CPI, TSCL has been advocating for an inflation index that we believe would actually result in a more accurate Social Security COLA. We favor the CPI for Elderly Consumers (CPI-E), which the BLS has been tracking &ndah; but not utilizing – for decades. This index has shown that the spending inflation for seniors averages about two-tenths of a percentage point higher than the rate at which the CPI-W increases. We estimate that a senior who retired with average Social Security benefits in 1984 would have received ,496 more through 2013 had the CPI-E been used. .With 1.2 million supporters, The Senior Citizens League is one of the nation's largest nonpartisan seniors groups. 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. The Senior Citizens League is a proud affiliate of The Retired Enlisted Association. Visit for more information. .People frequently say they are "not ready" to move into a senior living facility, but the thoughtful solo adults who cherish their independence might be convinced that, by making decisions ahead of time when they are still healthy, is how one preserves that autonomy. Waiting until a health crisis could mean winding up where someone else decides she or he needs to be.