News

  • Legislative Update For The Week Ending August 19 2011 Feed

    TSCL believes that the Delay until Fully Functional Act represents a fair solution to the technical problems that the HealthCare.gov website has been experiencing for the past month. Millions of Americans – including seniors under the age of sixty-five – have been unable to purchase insurance coverage through the new marketplace due to the technical glitches. According to the law, those who fail to enroll before March 31st will be faced with a tax penalty of either or 1 percent of income, whichever is higher. .Catastrophic Coverage Period: When your total out-of-pocket spending reaches ,350, you hit the catastrophic stage of coverage. Your co-insurance drops to 5% coinsurance or co-pays of .60 generic, .95 brand, whichever is higher. You remain in the Catastrophic coverage period until December 31, 2020. .Finally, one new cosponsor – Rep. Ted Yoho (FL-3) – signed on to the Social Security Fairness Act (H.R. 1795), bringing the total up to one hundred and seventeen. If signed into law, the bill would repeal the Government Pension Offset (GPO) and the Windfall Elimination Provision (WEP) – two federal provisions that unfairly reduce the earned Social Security benefits of millions of state and local government employees each year. … Continued

  • Fastest Growing Retiree Cost 2015 Hint Not Prescriptions

    Should Social Security benefits be adjusted annually using a locality – based payment rate? Some of you, particularly those of you who are retired federal employees know far more about locality - based pay adjustments than I do. I hope you folks can set us straight on a new legislative proposal that would use locality- based pay adjustment rates to adjust Social Security benefits. My quest­ion to you — is this a good idea? Why or why not? .This week, members of The Senior Citizens League's (TSCL) legislative staff were in attendance at two committee hearings – one held by the Ways and Means Subcommittee on Health, and one held by the Joint Select Committee on Deficit Reduction. In addition, TSCL saw support grow for a key piece of legislation. .When asked whether the waiting periods for disability and Medicare benefits should be eliminated, 67% of TSCL's poll participants support eliminating the waiting periods for both Social Security and Medicare. Only 18% supported keeping both waiting periods, 9% supported eliminating the 2-year wait for Medicare alone, and 5% supported eliminating the 5-month wait for Social Security alone. … Continued

The report goes on to say that "… the bill is fiercely opposed by Republicans and the powerful pharmaceutical industry, with executives warning it would harm innovation that leads to new drug development. The 50-50 split in the Senate is also raising questions about whether it could get through that chamber without losing any moderate Democrats." .And it will not feel like a bargain if we get free or cheap vaccines during a pandemic but pay dearly for annual COVID-19 shots thereafter. .Discussion on the bill will likely continue into the summer, and TSCL will continue to monitor the ongoing debate. We remain hopeful that lawmakers will address any loopholes that would allow immigrants to claim Social Security credits based on work done illegally. In addition, TSCL is concerned that those with provisional status could have access to Social Security and Medicare benefits before they are granted citizenship. Both of these issues would put an unnecessary and unspecified strain on the Trust Funds, and we will continue to inform Members of Congress about potential issues in the coming weeks. .The CBO also notes that increasing the payroll tax rate or subjecting more earnings to the payroll tax could improve Social Security's financing. .For more information, or to see if your Members of Congress have scheduled town halls before the November elections, call their local offices..In addition, the Congressional Budget Office (CBO), a federal agency within the legislative branch, does its own forecast of the programs. The CBO produces independent analyses of budgetary and economic issues to support the Congressional budget process. Each year, the agency's economists and budget analysts produce dozens of reports and hundreds of cost estimates for proposed legislation. .Computed tomography or CT scans are diagnostic tests that are covered by Medicare when medically necessary and ordered by your healthcare provider. Medicare most typically covers the tests under Part B when you are an outpatient, or the tests would be covered by Part A if you receive the CT scan as an inpatient during a hospital stay. .Senate Aging Committee Holds Hearing .Rep. DeFazio's No Loopholes in Social Security Taxes Act (H.R. 1029) also gained new cosponsors this week. Five Members of Congress signed on, bringing the total up to twenty-five. The new cosponsors are: Reps. Robert Scott (VA-3), Collin Peterson (MN-7), Grace Napolitano (CA-32), William Enyart (IL-12), and Barbara Lee (CA-13). The bill, if signed into law, would subject all income over 0,000 to the Social Security payroll tax. Currently, the payroll tax is capped at 3,700 and no income over that amount is taxed. Rep. DeFazio's bill would reportedly add at least fifty years to the solvency of the Trust Fund responsibly, without reducing benefits for seniors.