News

  • The Medicare Tax That Never Made It To The Medicare Trust Fund 2

    As with the start of any new Congress, TSCL is encouraging Senators and Representatives to reintroduce and cosponsor key legislation for seniors, like the Consumer Price Index for Elderly Consumers Act, the Strengthening Social Security Act, the Notch Fairness Act, and the No Social Security for Illegal Immigrants Act. In addition, with comprehensive Medicare and Social Security reform on the minds of many deficit hawks, TSCL is working diligently to prevent harmful cuts that would affect your benefits. .Congresswoman Gloria Negrete McLeod represents California's 35th Congressional District encompassing the communities of Bloomington, Chino, Montclair, Ontario, Pomona, and portions of Fontana and Rialto. .USA TODAY … Continued

  • Legislative Update For Week Ending August 8 2014

    I know from meeting with friends and neighbors across my district that Americans are ready for the truth. They are ready for solutions. And they are ready for leadership. We must not be afraid to speak – and act – boldly on their behalf. .This week, two new cosponsors signed on to the Strengthening Social Security Act (S. 567 and H.R. 3118), bringing the total up to three in the Senate and thirty-nine in the House. The new cosponsors are Sen. Sherrod Brown (OH) and Mark Pocan (WI-2). 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 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 Strengthening Social Security Act would extend the solvency of the Social Security Trust Fund responsibly, without cutting benefits for seniors. .Thousands of The Senior Citizens League's supporters – including the 800 petition signers – have told us they are failing to keep up with rising costs, and they are forced every day to make tough decisions about how they will spend their Social Security checks. To address this growing issue, The Senior Citizens League and its supporters urge Congress to adopt the Social Security Expansion Act (S. 427) before the end of the 115th Congress. … Continued

The value of my 401(k) fell in March of this year and still hasn't fully recovered. I turned 70 in April. Will I be forced to sell investments at a loss in order to withdraw the required minimum amount? .(Washington, DC) – New consumer price index data through August confirm that Medicare Part B premiums will spike next year due to an extremely low cost – of – living adjustment (COLA), according to a new estimate by The Senior Citizens League (TSCL). "Low or no COLAs not only affect Social Security benefits, the amount of the annual boost also affects the amount of Medicare Part B premium people will pay in 2017," says Jessie Gibbons, TSCL's Senior Policy Analyst. "For nearly one out of three beneficiaries, Medicare Part B premiums could increase more than 22%," Gibbons says. .Early Wednesday morning, after weeks of negotiations, leaders in Congress unveiled the text of their .1 trillion omnibus spending bill. If adopted by both chambers and signed into law by President Obama, the omnibus will fund the federal government through September 30, 2016. .These higher Medicare Part B premiums in turn contributed to flat growth in Social Security benefits in subsequent years — even when a 2 percent COLA became payable two years later in 201The Medicare Part B premium took the entire 2 percent COLA for about half of all beneficiaries according to a survey by The Senior Citizens League. .That is why we are letting you know that the American Medical Association said this week that neither doctors nor the general public should use coronavirus antibody tests to determine whether someone is protected from the pathogen. .As of 2019, one quarter of American adults had no retirement savings at all. Only 36 percent of non-retired American adults think that "their retirement saving is on track," according to the Federal Reserve's annual report. There is no question about it: our nation can do a better job of equipping and encouraging our senior citizens to be prepared for this next season of their lives and provide more opportunities for Americans to plan long-range. Part of this can be done at a policy level, by passing practical reforms that address the obstacles to saving that some Americans experience. We must also address this on a personal level, by ensuring more Americans are equipped with the knowledge and resources they need to effectively save for and secure their futures. .A monthly supply of diabetes drug Lantus Solostar, for example, ranges from a high of 2.00 from the mail - order pharmacy of First Health Part D Value Plus plan to a low of .75 from the network retail pharmacies for SilverScript Choice, a difference of 4.25 per month. ."We need to get committees working again. We need to recommit to a rational, functioning appropriations process," McConnell said on the floor of the Senate during the first full day of his Senate leadership. "We need to open up. the legislative process in a way that allows more amendments from both sides." .The "Doc Fix"