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  • Deficit Reduction Proposal Would Clobber Seniors With Medigap

    Moreover, U.S. dependence on China for drugs and drug products is growing. Its imports of Chinese medical equipment increased 78 percent between 2010 and 2018. .In particular, the expert witnesses at last week's hearing focused on isolation from the community, Medicare penalties for late enrollment, and a lack of funding for State Health Insurance Assistance Programs (SHIPs), which help older Americans navigate Medicare enrollment. .Have you heard anything about congress fixing a Social Security cut for those of us born in 1960? — K.S. … Continued

  • Social Security Medicare Questions February 2011 Advisor Feed

    As a result, experts have been saying that even people who have been vaccinated should continue to wear masks and keep their distance from others. .However, it remains unclear if lawmakers will be able to successfully negotiate an omnibus before the December 11th deadline. Many in Congress are hoping to attach language to the spending measure that would block funding for an immigration executive order that President Obama is set to announce in the coming weeks. Sen. Barbara Mikulski (MD), Chairwoman of the Appropriations Committee, called the request a "deal-breaker," and said that it would likely result in a veto from President Obama. .TSCL's members and supporters are sending in thousands of petition signatures to fight the cuts that threaten senior benefits. Senior voter outcry, especially in an election year, is a highly effective means to make lawmakers wary of making major changes. … Continued

TSCL believes that the Supplemental Poverty Measure is a more fair and appropriate measure of poverty today. We encourage you to ask Congressional candidates where they stand on programs to reduce poverty affecting older Americans. .The tax cut costs the federal government approximately 0 billion each year it is extended. Allowing it to expire after this year would more than cover the cost of the Notch Fairness Act's passage. TSCL believes that Congress must pass the Notch Fairness Act to correct a wrong done to those affected by the Notch. Each of the offset options above would allow Congress to responsibly pass the Notch Fairness Act without contributing to the deficit. To learn more about the Social Security Notch, visit our website at . .On Monday, Representatives Peter Roskam (IL-6) and John Carney (DE) re-introduced the bipartisan Preventing and Reducing Improper Medicare and Medicaid Expenditures (PRIME) Act (H.R. 818) with the support of twenty-three original cosponsors. If signed into law, the bill would combat fraud, waste, and abuse within the two programs. .The changes closed two claiming tactics known as "file and suspend" and "restricted application for spousal benefits." The claiming strategies have made it possible for both members of a couple who are 66 or older to delay claiming Social Security based on their own earnings records, in order to increase payments, while at the same time one spouse receives a spousal benefit. Alicia Munnell of The Center for Retirement Research at Boston College estimates the changes would save .5 billion per year — a potential cost that would grow over time. .How do I go about writing my Congressman and Senators? . Paula chose to take the employer-provided Medicare supplement, dental and vision coverage at 6 per month, but "opted out" of the expensive Part D. Instead we found more reasonably priced drug coverage at .90 per month, and covering the prescriptions she currently took with no deductible, using the Medicare Drug Plan Finder at www.medicare.gov. .In December — just before the 115th Congress came to a close — The Senior Citizens League's (TSCL's) Board of Trustees member and Legislative Liaison Joe Kluck traveled to Capitol Hill to thank lawmakers who sponsored key legislation that would strengthen and protect the Social Security program for current and future beneficiaries. .The House passed the bill yesterday and the Senate is expected to take it up next week. ."Chaining" the CPI would be a deficit reduction double-hitter. The CPI is used to calculate COLAs, a host of other federal retirement benefits (like military) and federal income tax exemptions, deductions and tax brackets. Thus, switching to a more slowly growing measure would dramatically cut government spending on the annual boosts for Social Security and a host of other federal benefit programs, in addition to quietly raising everyone's taxes.