

News
-
Tscl Proposes 1400 Stimulus For Seniors
Common sense suggests that the slowdown in rising Medicare costs is unlikely to last long. Medicare spending results for two main reasons: .The Chairman of the House Armed Services Committee, Adam Smith (D-Wash.) has announced that if the bill is vetoed the House will come back into session over the holidays and vote to override. .The report's findings are significant because the DI program is currently in serious financial trouble. If Congress does nothing to address its funding issues, the trust fund will become insolvent next year, at the end of 201At that point, enrollees will face an across-the-board 20 percent cut in benefits. … Continued
-
H R 1275 Social Security Guarantee Act
We cannot afford to overlook the financial risks associated both with the U.S.-Mexico totalization agreement and with any immigration plan that includes an amnesty provision at the expense of first securing our borders against additional illegal immigration. .Sen. Tom Harkin (IA) introduced S. 567 on March 14, 201It has since been referred to the Committee on Finance. .If you are over the age of 65 and need help paying for eye care services, you might be eligible for help from EyeCare America. This organization is one of the nation's leading public service programs to provide eye care through a group of more than 5,500 volunteer ophthalmologists. According to their website, ninety percent of the care provided is at no out-of-pocket cost to the patient. … Continued
The following four bills were the focus of Legislative Liaison Kluck's meetings on Capitol Hill in December… .Because the House of Representatives has 435 members its rules are much less complicated than the Senate's, which has 100 members. If the House had the same rules as the Senate, nothing would ever be accomplished. ."Social Security benefits simply are not adequate when people with a Social Security benefit of even as much as ,288 per month are at risk of having their entire COLA used to cover rising Part B premiums," says Mary Johnson, Social Security and Medicare policy analyst for The Senior Citizens League. "That is what happened in 2018, and that left nothing to cover all other rising household costs," Johnson explains. .TSCL has long supported adding vision, dental and hearing benefits to Medicare, as well as supporting legislation to lower prescription drug prices. We are waiting to see what the final bills look like that come out of the House and Senate before we determine what kind of endorsement to give. .Many of our nation's seniors live on fixed incomes and struggle to afford everyday expenses. Sadly, a large number of these individuals are also disabled. There are several existing programs that support the most vulnerable among us, but the number of agencies, applications, reporting requirements and additional obstacles they must tackle to access these funds make it unnecessarily difficult for them to receive the benefits they desperately need and deserve. .Support Grows for Key Bill .What sort of income will your resources generate? Will the income generated by your retirement savings be enough to cover the loss of income, expenses, and taxes if any, if you die? .The House-passed bill eliminates the medical expense deduction, which approximately 5 million taxpayers over the age of sixty-five rely upon when their out-of-pocket medical costs total more than 10 percent of their annual income. The elimination of this deduction would be a catastrophic financial loss for those who find themselves in need of costly in-home or nursing home care. Congressman Kevin Brady (TX-8) – the chairman of the bicameral conference committee – said this week that he hopes to keep the deduction in place, but discussions remain up in the air. .Voters are worried about the impact that midterm elections could have on Social Security benefits. The U.S. Congressional Budget Office estimates that recent tax reform will add .8 trillion to the federal deficit over the next 10 years. To make matters worse, the Social Security trustees recently reported program financing has eroded, and estimated that the trust funds will run short by 2034, due to lower-than-expected revenue from tax law changes.