News

  • Legislative Update Week Ending May 18 2018

    But this doesn't necessarily mean that the rising Part B premium would reduce an individual's net Social Security benefits next year. Due to a special provision of law known as the Social Security "hold harmless" provision, the Medicare Part B premium is adjusted to prevent an overall reduction in Social Security benefits from December of the previous year. The provision only applies to about 70% of all Medicare beneficiaries, however, and does not protect people whose overall income is so low that their Medicare Part B premium is paid by state Medicaid programs, and individuals with incomes above ,000 or married couples with incomes above 5,000. .TSCL looks forward to working with these veteran lawmakers, along with new Representatives and Senators, on the following issues in the 114th Congress: .TSCL is very supportive of the Protecting and Preserving Social Security Act, since it would make COLAs more accurate and extend the solvency of the Social Security Trust Funds responsibly, without enacting benefit cuts. Currently, Rep. Deutch's bill has five cosponsors – Reps. David Cicilline (RI-1), Marcy Kaptur (OH-9), James Langevin (RI-2), Chellie Pingree (ME-1), and Jan Schakowsky (IL-9). We look forward to working with Rep. Deutch and Sen. Begich in the coming months to help build support and to pass the Protecting and Preserving Social Security Act into law. … Continued

  • Social Security Medicare Questions August 2011 Advisor

    The House-passed bill eliminates the medical expense deduction, which approximately 5 million taxpayers over the age of sixty-five rely upon when their out-of-pocket medical costs total more than 10 percent of their annual income. The elimination of this deduction would be a catastrophic financial loss for those who find themselves in need of costly in-home or nursing home care. Congressman Kevin Brady (TX-8) – the chairman of the bicameral conference committee – said this week that he hopes to keep the deduction in place, but discussions remain up in the air. .Provide a modest boost in monthly benefits to retirees to make up for years when no COLA, or only a negligible COLA, was payable. .Fraud, waste and abuse are costing taxpayers and seniors an estimated billion a year, but Medicare fails to recover overpayments about 80 percent of the time. The Inspector General recently said that of the 6,287,546 in overpayments identified through the 30-month period ending March 31, 2009, the Centers for Medicare and Medicaid Services (CMS) reported collecting only ,168,50But it gets even worse. The OIG said that it could not verify that the ,168,502 had been collected as reported because CMS did not have an adequate system for documenting overpayment collections. … Continued

This week, Members of Congress remained in their home states and districts to continue the seven-week summer recess. They are expected to return to Capitol Hill on Tuesday, September 6th. In the meantime, most Members of Congress will be holding town hall meetings in their home states and districts. TSCL encourages its members and supporters to attend these events and to voice their concerns about important Social Security and Medicare issues. .Look, nobody gets wealthy off of Social Security. It's a subsistence level program. .From my standpoint, the Federal Government has no business obtaining your personal medical data. There is no space in the examining room for the government. In response, I introduced H.R. 3218 on October 13, 2011 with Rep. Tim Huelskamp of Kansas. Rep. Huelskamp wrote an op-ed that first brought light to this issue and I am happy to have worked with him in crafting this legislation. H.R. 3218 would "amend section 1343 of the Patient Protection and Affordable Care Act to ensure the privacy of individually identifiable health information in connection with risk adjustment." The Federal Government should not be inserting itself in your health care decision-making process. .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 .It would eliminate two waiting periods that approved DI recipients must endure. Under current law, approved DI beneficiaries must wait five months to begin receiving monthly benefits, and two years to begin receiving Medicare coverage. .While the reasons for that are still being explored, it is likely the wearing of masks, frequent hand washing and staying away from crowds contributed to those results. .Immigration Reform – Close a loophole that pays Social Security benefits based on illegal work, preventing a drain on the Social Security Trust Fund. .TREA Senior Citizens League Backs New Approach to Correcting the Notch .Four cosponsors signed on to the Social Security Fairness Act this week. Two Representatives – Ben Chandler (KY-6) and Mike Quigley (IL-5) – signed on to Rep. Buck McKeon's H.R. 1332, and two Senators – Sherrod Brown (OH) and Frank Lautenberg (NJ) – signed on to Sen. John Kerry's S. 20The cosponsor totals for these bills are up to 149 and 9, respectively.