News
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Best Ways To Save August 2014
This week, in elections nation-wide, Republicans in the House and Senate held on to their majorities, and President-elect Donald Trump defied odds to win the White House. .GOP offers Super-Committee concession while seniors see increased poverty levels. .The 2% COLA will raise the average Social Security benefit (currently ,258) about But the overwhelming majority of Social Security recipients will never see it. Medicare Part B premiums for most people will rise considerably and completely offset the COLA increase, after being held at lower adjusted levels, as required by law, over the past two years when there was no COLA. This provision of law that protects Social Security benefits from reductions is known as the "hold harmless" provision. … Continued
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Ask The Advisor January 2012
Lisa Kiplinger, USA TODAY 8:41 a.m. EDT June 27, 2016 .TSCL strongly supports legislation like the Notch Fairness Act that would provide Notch babies with modest compensation, and we were pleased to see support grow this week. .This week, President Obama delivered his State of the Union Address, and talks to repeal and replace the sustainable growth rate (SGR) formula for doctors who treat Medicare patients seemed to have stalled. … Continued
Give yourself a Benefits Check Up: If your savings are gone, and you aren't able to get a side job, you might qualify for programs that can help pay for Medicare Part B premiums, drug costs, meals, heating and cooling your home, rental subsidies and other costs. Using the National Council on Aging's Benefits Check Up online tool is simple. You answer a few screening questions and you can get the contact information for programs in your area. .Anthony Cummings, a fugitive on the run from a child rape indictment in Georgia, improperly collected thousands of dollars in Supplemental Social Security Income (SSI) payments until the law finally caught up with him. The SSI program, which is administered by the Social Security Administration (SSA), will continue to pay fugitives at least million annually unless state fugitive files can be used to prevent such payments, the agency`s Inspector General recently warned. Auditors estimate that fugitives have collected between 8 million and 0 million in SSI benefits over the past four years. The SSA hopes to negotiate agreements by July to obtain fugitive records from all states. .Legislation to allow the importation of less-costly FDA-approved prescription drugs from Canada and other nations is still pending in Congress, and TSCL continues to work for enactment. Seniors like you and your wife who order prescription drugs by mail from Canada faced a particularly tough decision about Medicare Part D. Either you enroll in a Part D plan and quite likely pay more than you do now, or don't enroll and face the risk of paying a steep penalty if you change their mind and sign up after the May 15 deadline. .Healthcare Debate Continues in Senate .Resource: Essential Retirement Planning for Solo Agers, A retirement and aging roadmap for single and childless adults, Sara Zeff Geber, PhD .We want to assure you that we will try to report the facts as we understand them and keep elective politics out of it. .In a letter that was delivered along with the petitions, Art Cooper – Chairman of The Senior Citizens League's Board of Trustees – wrote: "This bill would better protect the purchasing power of benefits while improving the solvency of the trust funds for decades to come … If you are already a cosponsor of this critical bill, please accept my gratitude. If you are not, please consider the requests of these eight hundred petition signers and cosponsor it before the end of this year." .Another supporter told us: "I was paying 4 for a three-month supply of Aromasin. A few days ago, I discovered the new price would be 8 for three months … Pfizer has raised the price far too high for seniors on Medicare living on fixed incomes." .Americans 65 and Older See Largest Increase in Poverty
