News

  • The President Introduces His Plan To Lower Drug Prices

    Payment Reform Bill Passes First Hurdle .Judge Rules Hospitals Must Disclose Prices .The online survey, taken by 401 participants, was conducted in June and early July 2020. Here are some key findings: … Continued

  • Medicare Part D Will Cost Me More 2

    TSCL Announces Support for H.R. 4104 .In fact, when the COLA increases since 2000 are compared with the typical cost increases that retirees experienced over the same period, Social Security benefits have lost 34% of their buying power. COLAs increased benefits a total of 46 percent, while typical senior expenses have jumped 96.3 percent between 2000 through the first week of 201To put it in perspective, for every 0 worth of groceries a retiree household could afford in 2000, they can only buy worth today. .Unless something is done, TSCL calculates there may be no COLA for next year. … Continued

The information you do get can seem contradictory. The one piece of advice almost all retirement advisors do agree on is this — starting Social Security at 62 is a bad idea unless you are terminally ill with only a few more years to live. Your benefits will be permanently reduced up to 30% depending on your full retirement age, and if you are working, your benefits could be reduced due to earnings restriction rules. .The group offers a Seniors Program that connects eligible seniors 65 and older with local volunteer ophthalmologists who provide a medical eye exam (often at no out-of-pocket cost), and up to one year of follow-up care for any conditions diagnosed during the initial exam. .For years I've been getting the same unwanted robo call. "Hello seniors!" a voice bellows. "Stand by to learn how you can receive a free back brace covered by Medicare." .Britain, France, and Italy generally have the lowest prescription drug prices, while Canada, Germany and Japan tend to have higher prices, the data showed. .This week, one new cosponsor – Rep. Rich Nugent (FL-11) – signed on to the No Social Security for Illegal Immigrants Act (H.R. 1716). The cosponsor total is now up to thirty-two. .The study, which examined price changes from January of 2019 to January of this year found that, since 2000, the buying power of Social Security benefits improved 3 percentage points— from a loss of 33 percent as of 2019 to 30 percent in 2020. Between January of 2000 and January of 2020, Social Security COLAs increased Social Security benefits by 53 percent, but the costs of goods and services purchased by typical retirees rose almost twice as much — 99.3 percent. Medicare premiums and out-of-pocket costs, housing, and homeowner's insurance were among the most rapidly - rising costs over the past year. .According to the IRS, advance payments of the Child Tax Credit will be made from July through December to eligible taxpayers and will be up to 50% of the credit. Advance payments will be estimated from your 2020 tax returns, or 2019 returns if the 2020 returns are not filed and processed yet. .One of the programs President Biden supported during his campaign for .The Senior Citizens League encourages its supporters to attend these events and to ask important questions of their elected officials, like the following three...