News

  • Congress Considers Medicare Advantage Pre Approval Legislation

    This week, key legislators revealed that they will not pass a permanent repeal of Medicare's sustainable growth rate (SGR) formula before the March 31st deadline. .There are 1,313,935 active members/supporters. .We will keep a close eye on the evolving discussions in the months ahead, and we will post updates here in the Legislative News section of our website. … Continued

  • Legislative Update Week Ending January 12 2017

    Funding concerns are one of the key reasons TSCL is relieved SSA has decided to remove the text requirement from the login process. Without online access, more seniors than ever would have been relying on their local Social Security offices, and under-staffed offices would surely have been overwhelmed with requests. .Rapidly climbing prices for consumer goods and services are making financial choices for older adults especially challenging this year. But eventually, these higher prices might mean a higher Social Security cost of living adjustment (COLA) for next year. In the meantime, older consumers are struggling to figure out how to pay for. Buying Power of Social Security Benefits Wiped Out by Soaring Inflation An abrupt jump in inflation in February and March of this year wiped out a short-lived improvement in the buying power of Social Security benefits in 2020, according to TSCL's latest study on rising senior costs. The study, which compares the growth in the Social Security cost of living adjustments (COLA)s with increases in the. Are We Experiencing the Return of Inflation? , editor .I'm Entitled to a Pension for Work as a City Cop… … Continued

Government agencies will identify themselves. .Source: "Spouses Eligible For Higher Retirement Benefits," Office of the Inspector General, Social Security Administration, March 2014. .COLAs Going To Be Flat In 2014 .I've been out of work since late March. The company that I was working for is in the process of declaring bankruptcy, and I haven't found a new job yet. I turn 64 in two months, but if I start Social Security. Ask the Advisor: August 2020 Is Taking a Loan Against Your Social Security Benefits a Reasonable Option When You are Out of Work? .Budget Chair Revives Fiscal Commission Plan .You can go here to see the Mayo Clinic symptoms chart: .What cost increases should you keep an eye on in 2015? Prescription drugs! To learn more see "Unprecedented Generic Drug Price Spikes Wreaking Havoc." ."The distinction between inpatient or outpatient can make a tremendous difference to what Medicare patients have to pay," says TSCL Executive Director, Shannon Benton. Inpatient stays are covered under Medicare Part A. Inpatients who are hospitalized for three days or more qualify for Medicare's limited nursing home stay coverage. Observation stays are considered outpatient services covered under Part B. Observation patients can have much higher copayments costs and sometimes get hit with huge bills for non-covered drugs. .Social Security recipients, on the other hand, wouldn't have received anything during that period because the price inflation, as measured by the government's Consumer Price Index for Workers (CPI-W), fell and was not high enough for a COLA to be payable at all until January of this year. The projected Congressional COLA for 2013 is 1.1% and that would equal an extra ,900 if it takes effect, resulting in an annual salary of 5,900. The Congressional Budget Office (CBO) recently projected that seniors would receive a 1.3% COLA in 201If the CBO is correct, the COLA would only raise average annual Social Security benefits about 9, from ,200 in 2012 to ,389 in 201There's a widespread misconception that Members of Congress don't pay into Social Security. That's not true. They do — but not on all of their salary.