News
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Legislative Update 3
I don't have dental insurance and pay out of pocket. I know I will need to get some expensive work done at some point in the next year or two. Is dental insurance worth the cost? How do you go about getting a good dental plan? .Sources: "Appeals Panel Weighs Fate of Obama's Immigration Overhaul," Michael Shear, The New York Times, April 17, 201"Effects Of Unauthorized Immigration On The Actuarial Status Of The Social Security Trust Funds," Actuarial Note 151, Social Security Administration, April 2013. .Now that Congress has passed President Biden's Covid-19 relief bill it must turn its attention immediately to passing legislation to delay billions of dollars in cuts to Medicare. … Continued
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Benefit Bulletin December 2019
This study illustrates why legislation is needed to provide a more fair and adequate COLA. To put it in perspective, for every 0 worth of groceries a retiree could afford in 2000, they can only buy worth today. To help protect the buying power of benefits, TSCL supports legislation that would provide a modest boost in benefits and base COLAs on the Consumer Price Index for the Elderly (CPI-E) or guarantee that the COLA would be a minimum of 3 percent. To learn more, visit . .But achieving bipartisan consensus on the next packages appears more difficult. House Speaker Nancy Pelosi (D- Calif.) says her starting point is up to trillion in aid that cash-strapped states and local governments need to prevent layoffs of first responders and other workers, and to help make up for lost revenues amid business closures. She also wants an infusion of funds for the postal system, which President Trump previously blocked. Also, on her list are provisions to expand voting by mail. .With China taking drastic measures to try and contain the spread of the disease, including quarantines and shutting down some industries, production to supply America's pharmacies and medicine cabinets is at risk of interruption. … Continued
In April, TSCL's staff trekked up to Capitol Hill to hand-deliver hundreds of thousands of petitions to each Congressional office. The petitions were delivered along with a cover letter from Larry Hyland, Chairman of TSCL's Board of Trustees, who encouraged Members to support key bills. He wrote: "Your constituents listed in the following pages are active and informed, and these represent some of the issues that matter the most to them. Each of these bills would go a long way in protecting and defending the earned benefits of senior citizens." .This week, The Senior Citizens League was pleased to see support grow for three important bills that would strengthen the Social Security program and reduce prescription drug prices for Medicare Part D beneficiaries if signed into law. .At The Senior Citizens League, we understand the scope of the nation's deficit and we know that some small changes to Medicare may be necessary. However, we firmly believe that any adjustments should be phased in gradually, and that current enrollees and those nearing retirement should be protected from sudden changes. Congress is not likely to vote on any Medicare reform plans before the November election, but TSCL will continue to monitor the evolving negotiations. To learn more, visit our website at . ."If you look at the science across all diseases, you see few outbreaks" on planes, Allen said. "It's not the hotbed of infectivity that people think it is." .Can I expect a cost of living increase this next year? Something needs to happen! .People who decide to go on a cruise should get tested 1–3 days before their trip and 3–5 days after their trip. .On its website the BLS explains that it calculates the COLA this way: .Just how bad is it? We were stunned to learn just how big the disparity in drug prices can be. Recently I compared the highest and lowest prices of the top ten most-prescribed drugs in the U.S. using the Medicare drug plan finder. In my area, a monthly supply of diabetes drug Lantus Solostar for example, ranges from a high of 2.00 from the mail order pharmacy of First Health Part D Value Plus plan to a low of .75 from the network retail pharmacies for SilverScript Choice. In fact, the cost difference between the highest and lowest-cost plans for the ten drugs compared averaged 3 per month! .I would like to know how, at this point, you project a Social Security COLA at 6.1%. Inflation would have to continue on an upward path through September for that to happen. — R.Q., NJ
