News

  • Benefit Bulletin November 2016

    At Wednesday's hearing, Charles Jeszeck – Director of Education, Workforce, and Income Security at the Government Accountability Office (GAO) – unveiled the findings of a study requested by the Aging Committee's leaders back in March of 201The study examined the extent to which older Americans understand the rules that impact their future benefits when making claiming decisions, and the quality of the information provided by the agency and its field offices around the country. .The Senate has been back in session for a few weeks and has held votes on some legislation but what we at TSCL are watching is what's been happening in both the Senate and House committees that deal with legislation of major concern to seniors. .The judge's order stops the implementation of the rule until the completion of the notice and comment process. … Continued

  • Seniors May Get Cola Next Year But Medicare Premiums Will Take It All

    To date, no government agency has released any complete estimate of the potential cost of illegal earnings to the Social Security Trust Fund. The best indication of the potential cost is contained in the Social Security Administration's "earnings suspense file" (ESF). .TSCL believes much more stringent measures are needed to protect Social Security and SSI programs from document fraud. TSCL supports legislation that would ban the use of unauthorized earnings for determining entitlement to Social Security benefits. In addition, TSCL supports stronger penalties for the use of fraudulent documents for obtaining federal benefits, including SSI. .2 weeks after a single-dose vaccine, like Johnson & Johnson's Janssen vaccine … Continued

I'm 63 and still working. I originally planned to wait until age 66 to start benefits, but I need extra income. Could you give me some ideas about when I should start? .While the policy will mean that Medicare would spend less, patients will spend more— often, a lot more, and the charges would broadside most beneficiaries, coming as a complete surprise. TSCL is strongly opposed to this type of backdoor benefit cut, and has written a letter to President Biden urging him to rescind this CMS rule. Please sign our petition! .Medicare open enrollment: It pays to get it right .TSCL encourages its members and supporters to attend these events and to ask questions of their elected officials about important Social Security and Medicare issues, like the following four… .What We Know and What We are Still Learning .In the past five years the annual adjustment has averaged just 1.4 percent — less than half the 3 percent average of the prior two decades starting in 1990. Retirees and disabled Social Security recipients are reporting that the COLA is doing a poor job of what it's intended to do — protecting the buying power of their Social Security benefits. According to an annual survey performed by TSCL, Social Security benefits have lost 31 percent of their buying power since 2000. .If adopted, this key bill would improve Social Security COLAs by basing them on the CPI-E, and it would cover the cost by phasing out the payroll tax cap over the course of seven years. Together, these changes would improve the adequacy of Social Security benefits and strengthen the solvency of the Trust Funds past 2035. .Canada's order will not prevent Americans from crossing the border to buy cheaper drugs; it doesn't affect sales made by brick and mortar pharmacies, according to a fact sheet released by the Canadian government. .When he first ran for office, candidate Trump promised he would not make any attempt to cut Social Security or Medicare while he is President. But in an interview this week with CNBC's Joe Kernan, and definitely something we will be keeping a close eye on, President Trump mentioned in a news conference that cutting entitlements (Social Security and Medicare) is not off the table.