News

  • October 2013 Market Watch

    In the meantime, many Members of Congress will be holding town hall meetings to address the questions and concerns of their constituents. TSCL encourages its members and supporters to attend these town halls and to ask questions of their elected officials about important Social Security and Medicare issues, like the following four… .This week, congressional leaders and President Donald Trump put an end to the partial federal government shutdown by approving a short-term CR that will reopen the government until Friday, February 15th. .The Foundation for Sight and Sound. Through its Help America Hear Program the foundation provides hearing aids for people with limited financial resources. To learn if you qualify, visit: Help America Hear Program or call 631-366-3461. … Continued

  • How The Government Measures Inflation Can Mean Bad News For Your Cola

    Even though I'm not on Medicare yet, these new quality initiatives will, one way or another will affect most patients, even those like me who are still under the age of 65 as doctors reorganize. I felt dumped. .In the absence of reliable data, we decided to ask the experts about the possibility of contracting the virus while on a flight. On the whole, airplanes on their own provide generally safe environments when it comes to air quality, but experts said the risk for infection depends largely on policies airlines may have in place regarding passenger seating, masking and boarding time. .Sources: Social Security Disability Insurance (DI) Trust Fund: Background and Solvency Issues, Morton, Congressional Research Service, November 20, 2013, R4331"Social Security Made .3 Billion in Improper Disability Payments," Stephen Ohlemacher, Associated Press, September 14, 201"60 Minutes: Disability USA," Steve Kroft, CBS News, October 6, 201To view this story visit: http://www.cbsnews.com/8301-18560_162-57606233/disability-usa . … Continued

The following Members of Congress, among many others, will be holding town hall meetings this week: Sen. Bill Cassidy (LA), Sen. Michael Crapo (ID), Sen. Jerry Moran (KS), Sen. Pat Roberts (KS), Rep. Garret Graves (LA-6), Rep. Jody Hice (GA-10), Rep. Mark DeSaulnier (CA-11), Rep. Hakeem Jeffries (NY-8), Rep. Will Hurd (TX-23), Rep. Diane Black (TN-6), Rep. Suzanne Bonamici (OR-1), Rep. Bradley Byrne (AL-1), Rep. Kevin Cramer (ND), Rep. Raul Labrador (ID-1), Rep. Joyce Beatty (OH-3), Rep. Brett Guthrie (KY-2), Rep. Thomas Massie (KY-4), Rep. Tom Rice (SC-7), Rep. Mimi Walters (CA-45), Rep. Bruce Westerman (AR-4), Rep. Tom Emmer (MN-6), Rep. Tom McClintock (CA-4), Rep. Mark Amodei (NV-2), Rep. Steve Cohen (TN-9), and Rep. Bill Pascrell (NJ-9). .PhRMA, the drug industry's lobbying group, called the bill "the wrong approach to lowering prescription drug prices" and said it "imposes harmful price controls in Medicare Part D." But with drug prices for many brand and specialty drugs running into the hundreds and even thousands of dollars for a single fill, TSCL believes that restricting the rate of increase on prescription drugs, and capping out-of-pocket costs, could help save lives and improve the health of older Americans. .Will We Get A COLA in 2012? .No change to 401(k)s or IRAs: Prior to enactment, concerns were high that tax reform would restrict the amount of pretax contributions working people could make to workplace retirement accounts. Congress did not do this, and the tax rules affecting these accounts, for the most part, remain the same. .To strengthen Social Security and Medicare, 84% of respondents strongly agreed that Congress should focus on getting Americans back to work. Jobs and the payroll taxes paid by people during their working years finance the benefits received by today's Social Security and Medicare beneficiaries. While jobs were the top deficit fix, only 11% agree with cutting the Social Security payroll tax as a means to generate employment. Congressional leadership and the President are battling over spending cuts and higher taxes that will be needed to avoid hitting a "fiscal cliff" by the end of this year. .The Social Security Administration is required to withhold in benefits for each you earned above the limit until the year in which you reach full retirement age. The year in which you reach full retirement age, you are allowed to earn more. The amount you may earn is adjusted annually. In 2007 when you retired, it was ,960 (,080 per month) for retirees like you who were under full retirement age. .(Washington, DC) The portion of Social Security benefits that retirees spent on Medicare premiums and out-of-pocket costs climbed in 2018 for a growing number of retirees in 2018, according to a recent survey by The Senior Citizens League. About 30 percent of retirees say that premiums and out-of-pocket spending consumed one-third to one-half of their Social Security benefits. The findings represent a 7 percent jump from the 23 percent of retirees reporting healthcare costs took this portion of Social Security in 2017. .TSCL Calls On Congress To Close The Loop Hole .Earnings are vital to the amount you receive because your wages form the basis of your Social Security benefit. SSA calculates your benefit based on your highest 35 years of earnings. When you sign up for a "my Social Security" account, the estimate will list every year of earnings on file. Count them up! Ideally you will have more than 35 years of earnings. But that may be hard for some workers to achieve, particularly those who spent time at home raising a family or providing caregiving for older family members (often women).