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  • Guidance For Traveling On Cruise Ships Changed

    More than 50% of older households surveyed by the National Institute on Aging say that they have at least one adult child living within 10 miles. But retirement housing and care plans can go awry when an adult child needs to relocate — most often because of a job. .Now, the government of Canada is banning drug manufacturers and distributors from shipping any Canadian drugs that might be at risk of shortage to the United States. .The CPI-E regularly puts the spending inflation for seniors at two-tenths of a percentage point higher than the rate at which the CPI-W increases. That may seem like an insignificant amount, but over a twenty-five-year retirement, COLAs do compound significantly. We estimate that a senior who filed for Social Security benefits around thirty years ago would have received nearly ,000 more in retirement if the CPI-E had been used to calculate COLAs. … Continued

  • Legislative Update For The Week Ending August 19 2011 Feed

    TSCL Endorses Two New House Bills .Social Security Reform – Work for solutions that extend the Trust Fund's solvency and strengthen the program without enacting harmful cuts. .Very modestly boosting the payroll tax paid by workers and matched by employers to employers. … Continued

The findings come as the nation finds itself in a growing a retirement crisis. Even before the coronavirus - caused recession, the U.S. Government Accountability Office estimated that about 48 percent of households headed by people aged 55 and over had no retirement savings. That situation has been made even worse in 2020 and 2021 as older workers have lost jobs or seen their work schedules reduced due to the pandemic. .How many members does TSCL have? .,000 Notch Fairness Act Reintroduced . The Senior Citizens League is currently conducting its new 2020 Survey of Senior Costs. To learn more and participate visit . .Healthcare would be more efficient and convenient for patients. Value-based payment systems provide incentives for health providers to make it easy for patients to get all the services related to managing their condition in one "medical home." Payments to providers are "bundled," covering the patients' full care cycle, or for chronic conditions covering longer periods of time like a year or more. .This week, TSCL enthusiastically announced its support for the Preventing and Reducing Improper Medicare and Medicaid Expenditures (PRIME) Act (S. 1123 and H.R. 2305). In the Senate, the bill was introduced by Sens. Tom Carper (DE) and Tom Coburn (OK), and in the House, it was introduced by Reps. Peter Roskam (IL-6) and John Carney (DE). It currently has bipartisan support, with fifteen cosponsors in the Senate and ten in the House. .The subcommittee's bill would repeal the formula and replace it with an enhanced fee-for-service system, while also allowing doctors to opt-out and participate in alternative payment models that emphasize quality. The bill was overwhelmingly approved by a voice vote on Tuesday, but much work remains to be done. Lawmakers have not yet determined how they will offset the full cost of the bill, although it does currently include funding for some provisions by authorizing transfers from the Medicare Part B Trust Fund. .As a member of Congress, I have sought to protect Social Security and have advocated for seniors. From writing to President Obama urging him to exclude chained Consumer Price Index (CPI) from his 2015 budget to drafting legislation to help seniors save on tax deductions for medical expenses — I have fought to ensure Congress does not try to balance the budget on the backs of seniors. .On top of unexpected coverage shortfalls, TSCL's 2017 annual Survey of Senior Costs indicates that homeowners' insurance was the fastest growing housing cost over the past year. In fact, since 2000, the national average homeowners premium rose 154%, a rate of about 9.6% per year!