News

  • S 427 Social Security Expansion Act

    Payroll taxes, and the taxes that people pay on a portion of their Social Security benefits, are two major sources of program funding. The Social Security Trust Fund also receives interest payments from the U.S. Treasury for the money that the federal government has borrowed when the program was in surplus. In fact, the .What are the waiting periods and exclusions? You can find dental plans that cover two cleanings and check-ups a year, but it's not uncommon for dental plans to require a year or two waiting period before covering basic fillings, or crowns and implants. Some plans will not cover pre-existing conditions, so if you are switching dentists and you are in the middle of getting bridge work done, the new dental plan may not cover prior dental work in progress. .Three Ways Congress Can Pay For Notch Reform … Continued

  • Category Tscl Faqs

    And no matter what critics may say about the dire finances of the Social Security, the government can find the money for Notch Reform simply by cutting waste, fraud and abuse. The General Accountability Office reported earlier this year that government agencies made over billion in improper payments in fiscal year 200Forty-five billion would more than pay for a Notch settlement. TSCL estimates the cost of the Notch Fairness Act to be around billion. .TSCL is continuing to work hard for any and all legislation that would accomplish those goals. .Since passage of Medicare in 1965 all seniors received the same benefits for the same standard premium. But in 2003, Congress took the unprecedented step of passing legislation that required "upper-income" seniors to pay increased premiums for Medicare Part B. Forcing these seniors to pay more for the same Medicare benefits is known as the "means test." … Continued

Congressional leaders have already given up on the idea of fully funding the government for the entire 2022 fiscal year and instead the current plan is to pass a "continuing resolution" (CR) that will fund the government at current levels until December The idea is to give them more time to craft the legislation needed to fully fund the new fiscal year. .Legislation to lower the cost of prescription drugs remains one of TSCL's top priorities. Although the House of Representatives has passed a bill to accomplish that priority, Senate Majority Leader Mitch McConnell (R-KY) continues to refuse to bring the bill up for consideration. .If the threshold is raised, many seniors who have saved for their entire lives and have carefully planned for retirement will suddenly be faced with hundreds of dollars in extra taxes—on top of the out-of-pocket medical costs they already pay. That's simply unacceptable. .Fifty-one percent said they put off trips to the doctor and other routine medical care, some for months on end. Forty-four percent said they postponed filling prescriptions or were taking less of their medication than prescribed to make it last. ."Whatever the reason, most Americans before they retire have paid little attention to the huge life transition that is coming. We don't have a good idea of how much we need to save for retirement," writes Mark Miller, journalist and author who writes about trends in retirement and aging. Mark, the author of The Hard Times Guide to Retirement Security: Practical Strategies for Money, Work and Living (John Wiley & Sons/Bloomberg Press, 2010) shares a few important tips with our readers. .How many members does TSCL have? .The U.S. has already hit the most recent debt limit on March 2nd, just one month after the government shutdown ended. The U.S. Treasury is currently using "extraordinary measures" to temporarily keep the federal government funded, but the Congressional Budget Office estimates that the Treasury will run out of cash near the end of the fiscal year (September 30, 2019) unless Congress takes action. .TSCL Announces Support for PRIME Act .Sen. Tom Harkin (IA) introduced S. 567 on March 14, 201It has since been referred to the Committee on Finance.