News

  • Legislative Update December 2019

    TSCL's Three Legislative Wins For Disabled And Older Americans .In addition, two new cosponsors – Reps. Pete Olson (TX-22) and Adam Kinzinger (IL-16) – signed on to the Preventing and Reducing Improper Medicare and Medicaid Expenditures (PRIME) Act (H.R. 2305), bringing the total up to sixty. If signed into law, the PRIME Act would take a number of steps to comprehensively prevent fraud, waste, and abuse within Medicare and Medicaid – a problem that TSCL believes must be addressed in order to ensure that scarce program dollars are being spent properly. .Increase income. On average, older Americans get about 34% of their total income from Social Security; 33% from earnings; 11% from personal assets such as money in IRAs, 401(k) plans and taxable accounts, and 22% from pensions. To boost income, they could invest more aggressively in higher-yielding and perhaps more risky assets, such as long-term bonds and high-dividend-paying stocks; go back to work; or if they are still working, take on more hours. … Continued

  • Legislative Update For Week Ending April 12 2019

    Terry: The anchor effect is the psychological tendency to rely too much on the first piece of information we get in the process of making a decision. For example, when you go to buy a house, the list price becomes the starting point (the "anchor") for negotiations, even if it is a very poor reflection of the home's true value. When you get a solicitation for a charitable donation in the mail, it often lists suggested contributions, starting with the highest figure they hope you will select. That high figure becomes the anchor for your thinking about what to give. .When Should Single People Move to Assisted Living? .Is his condition found on the Social Security Administration's list of disabling conditions? This is a list of medical conditions that the Social Security Administration considers so severe that it prevents a person from completing substantial gainful activity. … Continued

It is times like these when Social Security benefits are increasingly important, when "the best laid plans" are going awry for millions of seniors. As Congress considers changes to the Social Security system, TSCL is urging Congress to make the need for adequate and stable benefits a priority. .The Senior Citizens League believes Congress can prevent the triggering of the Social Security hold harmless provision and eliminate spiking Medicare premiums entirely by providing an adequate COLA. This includes providing an emergency COLA or boost for 2021. .If our annual COLA works as intended, this should not happen. .Under the Affordable Care Act, or Obamacare, private and public sector large employers are responsible for providing health insurance for employees and contributing toward the cost of insurance. Generally, the federal health insurance exchange is only available for people who can't otherwise afford to purchase the insurance offered by their employer (according to thresholds set by law). But the fight to pass the 2010 Affordable Care Act was so contentious and controversial that some Members of Congress insisted that their colleagues set an example and be required to have the same coverage as all other Americans. .This week, lawmakers in the House remained in their home districts to continue the summer recess. They are expected to return to Capitol Hill on Tuesday, September 4th. In the meantime, many Members of Congress will be attending local events and hosting town hall meetings in their home districts. The Senior Citizens League encourages its supporters to attend these events and to ask important questions of their elected officials, like the following five... .Recently the House Budget Committee and the House Energy and Commerce Committee both held hearings on the controversial Independent Payment Advisory Board (IPAB). The IPAB was created under the healthcare reform law to slow rising Medicare costs. If costs grow too fast, the IPAB would recommend cuts that would go into effect unless Congress comes up with the same amount of savings. Both Committees heard testimony from Health and Human Services (HHS) Secretary Kathleen Sebelius, among many others. .First, one new cosponsor – Representative Conor Lamb (PA-18) – signed on to the Social Security 2100 Act (H.R. 1902), bringing the total up to 17If adopted, H.R. 1902 would strengthen Social Security benefits by improving the cost-of-living adjustment (COLA), increasing monthly benefits by 2 percent, creating a new Special Minimum Benefit equal to 125 percent of the poverty line, and providing a tax cut to millions of Social Security beneficiaries. To cover the cost of these changes and to extend the solvency of the program through the year 2100, it would apply the payroll tax to annual income over 0,000 and gradually increase the payroll tax rate by 0.25 percent. .There is a misconception that all veterans can get health care through the Department of Veterans Affairs. But that is not true. To get health care there a veteran must have a VA-rated disability. .The annual COLA increased Social Security benefits in January of 2021 by just 1.3 percent. While the lack of inflation in 2020 did somewhat improve the buying power of Social Security benefits by 2 percentage points by the month of January 2021 — from a loss in buying power of 30 percent to a loss of 28 percent — that improvement was completely wiped out by soaring inflation in February and March of this year.