News

  • Medicare Mean Todays Medicare Enrollees

    The Social Security Administration also announced on Thursday that the Social Security payroll tax cap will rise from 8,400 in 2018 to 2,900 in 201Most American workers contribute 6.2 percent of every paycheck to the Social Security program, but high earners will stop contributing to the program once they reach 2,900 in income next year. That means the wealthiest American CEOs – many of whom are billionaires – will be finished paying into the Social Security program just a few hours or days into 2019. .You will still need to follow guidance at your workplace. .TSCL is gearing up to fight legislation that would cut the current rate of COLA growth any further. To the contrary seniors need a COLA that more adequately protects the buying power of Social Security, and TSCL supports H.R. 776, the Guaranteed 3% COLA Act, introduced by Representative Eliot Engel (NY-17). Why not take a few minutes now to send your Representative an email explaining how you need a Social Security COLA you can rely on? Be sure to ask your Representative to co-sponsor H.R. 776, the Guaranteed 3% COLA Act. … Continued

  • Legislative Update Week Ending June 30 2017

    Social Security benefits are determined by the income earned (up to the taxable maximum) over a working career, and the number of years worked. The more money you make and pay taxes on, and the more years you work the larger your monthly Social Security benefit will be. The Social Security Administration calculates your benefits based on the 35 years in which you earned the most money. But many women, especially those who become mothers or caregivers, give up a substantial portion of their earnings to care for a family. .We are raising our 6-year-old grandson under permanent court ordered guardianship to age 1However, we are not allowed an additional Social Security benefit for this child unless we adopt him. Seems unfair since we have the same responsibility to support him. This will create a tremendous financial hardship, should my wife or I pass away and lose our benefit. We feel the rules should be changed to include benefits for permanent guardianships. -B.H. .Medicare Advantage plans require very careful scrutiny of potential costs. Some plans have lured seniors with low premiums and deductibles, only for enrollees to discover high undisclosed costs later. … Continued

Will We Get A COLA in 2012? .I'm helping my brother who has cognitive problems. He's enrolled in a Humana Medicare Advantage plan that covers prescription drugs in addition to providing hospital and doctor benefits. The plan seems OK, but I'm annoyed by numerous (often weekly) phone calls from the plan asking for permission to send out a visiting nurse. They say the visit is provided at no charge to get his blood pressure, and a physical. That sounds good, but my brother doesn't want strangers coming to his home, and I'm getting suspicious. Is this request legitimate? .Prior to being elected to Congress in 2010, I spent the past 15 years as a practicing cardiothoracic surgeon. As a physician, I always put patients first. Now, as a Congressman, I maintain that same philosophy. Some of the most important decisions in your life regard your health and well-being. I know from firsthand experience that those decisions should be left up to you, your family, and your doctor. .We are reading a lot these days about "Greedy Geezers." The term is used to describe supposedly self-centered seniors who insist that elected lawmakers get their HANDS OFF! Social Security and Medicare. These affluent old codgers are reportedly bankrupting the nation, leaving nothing but crushing debt and taxes for the nation's children. .After receiving no cost-of-living adjustment (COLA) this year, Social Security beneficiaries will finally receive a raise effective January 1st. But the increase in benefits is so small, it will be the lowest payable COLA ever in the history of the program — raising a ,000 benefit by just .00. .Last month, the Health and Human Services' watchdog agency announced plans to review the pace of inspections in nursing homes and barriers to completing them — referring to such checks as a "fundamental safeguard to ensure that nursing home residents are safe and receive high-quality care." .But that's not the case for about 12 million employees with the highest salaries in the country. Unlike the Medicare payroll tax, which applies to all earnings, Social Security payroll taxes apply only to the first 8,400 in earnings. Neither the employees who earn more than 8,400, nor their employers, pay Social Security taxes on earnings in excess of that amount. "That's a problem for Social Security's financing," says Johnson. .Require new deductibles and cost-sharing while limiting what Medigap plans could cover. Because Medicare doesn't cover all of the costs, seniors purchase supplemental coverage, known as "Medigap," to cover deductibles, and co-insurance. A proposal from President Obama's Fiscal Commission would impose a new deductible of 0 and new cost-sharing. Then, it would restrict what Medigap plans could cover, adding up to ,000 in new out-of-pocket costs that the more comprehensive Medigap plans cover now. .This week, lawmakers remained in their home states and districts to continue campaigning for the November 8th elections. They are expected to return to Capitol Hill in mid-November to begin the lame duck session of Congress. Until then, most lawmakers will be attending local events and holding town hall meetings in their home states and districts.