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  • Legislative Update June 2017

    If his income is too high to qualify for either, your daughter may want to find out if the 0 penalty is really accurate. If she can find evidence that her father-in-law had qualifying health insurance coverage after turning age 65, such as through a former employer, even for a few years, that coverage may potentially reduce the amount of the Part B delayed enrollment penalty. This sort of digging can be difficult if her father-in-law has cognitive or memory issues now. Another family member or a former coworker may be able to help though, and at 0 a month, it's worth a few calls. .There is widespread support among older Americans for a benefit boost. TSCL surveys have found that 83% of survey participants think Congress should increase Social Security benefits by about 2% of the average benefit, roughly per month (0) in 202Sixty-two percent of survey participants also favor a more generous annual cost of living adjustment (COLA) by tying the annual inflation adjustment to the Consumer-Price Index for the Elderly (CPI-E), and 50% favor enacting a guarantee that COLAs would never be lower than 3%. .According to the report, the triggering of hold harmless will continue on an individual basis, particularly when inflation is lower than forecast (about 2.4 percent) or if Medicare Part B premium increases are higher than forecast (5%), or both. The risk for both is high, because over the past 8 years COLAs have averaged just 1.2 percent and since 2000 Medicare Part B premiums have increased on average more than 10 percent per year. According to the report, individuals with the lowest benefits, 0 or less, are the most likely to be affected by hold harmless on an individual basis over the next decade, even in years when a COLA is payable, particularly if Medicare Part B premium increases are higher than expected. … Continued

  • Category Issues Medicare Part D Bills Feed

    Are you at risk of a notch in your Social Security benefits? A & 8220;notch& 8221; refers to inequality in benefits between people who are close in age and have similar earnings records. One birth group receives significantly more in benefits, sometimes thousands of dollars per year, than. Benefit Bulletin: March/April 2013 ,000 Notch Fairness Act Reintroduced .Congress Adjourns for Thanksgiving Break .Most Americans contribute 6.2 percent of every paycheck to Social Security, but due to the taxable maximum wage cap, people earning more than 8,500 pay nothing over that amount. Do you support increasing or eliminating the taxable maximum wage limit to make the program more solvent? … Continued

Lawmakers Adjourn for Holiday Recess ."The bill does nothing at all to reduce or eliminate the tax on Social Security benefits that burdens more than half of all retiree households," Johnson notes. Yet the tax cuts for corporations and the wealthiest households in the Tax Cut and Jobs Act will add an estimated .5 trillion to the national debt. Some conservative Members of Congress say they are planning a budget that would require mandatory spending cuts to reduce the debt next year. .Enrollees in Medicare Advantage (MA) plans should take a careful look at changes in their health plan for 201These Medicare health plans have new leeway to offer new supplemental benefits. While some of the new benefits may be valuable to some families, other changes, which give plans greater leeway to "tier" the co-pay structure for healthcare providers, may mean higher out-of-pocket costs when non-preferred or out-of-network providers are used. .TSCL opposes legislative efforts that would make today's seniors and those nearing Medicare-age pay higher costs for their Medicare coverage. .Medicare is currently prohibited from covering most hearing, vision, and dental services, even though millions of seniors are afflicted with age-related hearing loss, low vision, and poor oral health. When left untreated, these conditions often result in serious injuries and complications. What do you feel should be done about this? .White House officials and public health leaders said they don't expect a vaccine to be widely available until March or April, which means wearing masks and other non-pharmaceutical measures will likely be the only option to reduce the spread of the virus until the end of February. .TSCL is deeply concerned about the prospect of cuts to benefits and COLAs. Seniors can ill afford any reduction in benefits once they have already retired and are depending on them for their daily expenses. We urge you to learn how Congressional candidates stand on changes to Social Security and Medicare. To learn whether your U.S. Representative or Senators support legislation of interest to you, visit the TSCL website at or call toll free 1-800-333-8725. .In addition, one new cosponsor signed on to the Strengthening Social Security Act (H.R. 3118), bringing the total up fifty-two. The new cosponsor is Rep. Mike Quigley (IL-5). If signed into law, the bill would reform the Social Security program in three ways: it would adjust the benefit formula, resulting in more generous monthly benefits; it would adopt the Consumer Price Index for Elderly Consumers (CPI-E), resulting in more accurate cost-of-living adjustments (COLAs), and it would lift the cap on income subject to the payroll tax. The bill would extend the solvency of the Social Security Trust Fund responsibly, without cutting benefits for seniors. .Sources: "Immigration Activists Urge Obama To Act Boldly", Carolyn Kaster, Associated Press, April 15, 201Letter to Senator Marco Rubio from Stephen C. Goss, Chief Actuary, Social Security Administration, June 28, 2013.