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  • 2013 Chained Cpi Affects More Than Just Colas 2

    TSCL believes the time has come for Congress to put the needs of U.S. senior citizens and taxpayers first. We support legislation that would ban the use of illegal earnings in determining entitlement to Social Security such as S. 95, to Prevent Social Security Credit from Being Earned without Legal Status, introduced by Senator David Vitter (LA), and "No Social Security for Illegal Immigrants Act" (H.R. 787), introduced by Representative Dana Rohrabacher (CA). .Now, the Associated Press has reported that one administration official has said the odds are 75-25 that the program will not happen at all. .Learn how the "anchoring effect" may impact choosing the age to claim Social Security benefits here: "What's Secretly Sabotaging Your Finances? — Your Brain" … Continued

  • Is It Safe To Refinance A Mortgage Once Retired

    Take all your prescriptions, vitamins, and supplements with you on your next visit to the doctor. Find out whether you still need to take them all and if there is a less-expensive brand name or generic you can try before settling on new medications. .First, one new cosponsor, Representative Dean Phillips (MN-3), signed on to Congressman Larson's Social Security 2100 Act (H.R. 860), bringing the total up to 20If adopted, this critical bill would strengthen and reform the Social Security program responsibly, without enacting benefit cuts for current or future retirees. It would also cut taxes for millions of seniors and create a new Special Minimum Benefit set at 125 percent of the poverty line. .What cost increases should you keep an eye on in 2015? Prescription drugs! To learn more see "Unprecedented Generic Drug Price Spikes Wreaking Havoc." … Continued

League believes that tax reform is an opportunity to bring greater equity to the funding going into Social Security and to ensure that everyone pays fairly. .President Trump also said this last weekend that over the next 2 weeks he will pursue an executive order requiring health insurers to cover pre-existing conditions. "We will be pursuing a major executive order" on pre-existing conditions, Trump said during a news conference in N.J. .As our nation goes through the process of getting vaccinated for COVID-19 and getting our lives back on track, TSCL is working on a number of long-term issues that await Congressional attention. We expect policy makers in Congress will be turning their attention to the question of boosting benefits and restoring the long-term solvency of the Medicare and Social Security Trust Funds. .The age at which you start receiving Social Security benefits. .Having a plan that covers Part D deductible generally is the better choice if you must take a lot of monthly prescriptions or if you have high drug costs. If you only require a few prescriptions or low cost generics, you might find that by going ahead and paying the deductible you recover that cost in much lower premiums. The only way to tell is by using Medicare's Drug Plan Finder to compare plan costs based on the prescriptions you take. .TSCL believes that while the proposal may be a sensible first step, it doesn't go far enough. Before individuals can enroll in Medicare Advantage or Part D plans, they must be enrolled in Medicare Part B and have a Medicare number. How illegal immigrants obtain that number, and whether they are properly enrolled in Medicare Part B, are two key questions. "To prevent ineligible people from receiving benefits, the responsibility lies with the 'gatekeeper' and that's the federal government," says TSCL's Executive Director, Shannon Benton. "The Social Security Administration and Medicare need to do more to prevent illegal immigrants from getting Medicare numbers to begin with," Benton says. "In addition, both Medicare and private health and drug plans need up-to-date and accurate verification systems in place to determine whether beneficiaries are legally present when they receive services," she adds. .Enrollees in Medicare Advantage (MA) plans should take a careful look at changes in their health plan for 201These Medicare health plans have new leeway to offer new supplemental benefits. While some of the new benefits may be valuable to some families, other changes, which give plans greater leeway to "tier" the co-pay structure for healthcare providers, may mean higher out-of-pocket costs when non-preferred or out-of-network providers are used. .With the economy continuing to sputter, most seniors and Baby Boomers don't feel all that secure about their retirement finances. How realistic will my budget be for the New Year? Will Social Security and othe retirement income cover all my bills? Are my savings adequate to cover expensive chronic health costs? Seniors can find answers, practical tips and more in a special "Best Ways to Save" issue of The Social Security & Medicare Advisor newsletter free from The Senior Citizens League (TSCL). .Last week we wrote about a new bill that was expected to be introduced this week by House Speaker Nancy Pelosi (D-Calif.) that would lower prescription drug prices on some of the most expensive drugs. The plan would allow the secretary of Health and Human Services to negotiate the price of up to 250 drugs per year, and the lower prices would apply to people both with private insurance and those on Medicare.