News
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August 2012 Americans For Legal Immigration
With respect to cookies: The Senior Citizens League uses cookies to record session information, such as items that visitors add to their shopping cart. ."This is a major reason why Social Security checks don't keep up with rising Medicare costs," explains Johnson. "In fact, Social Security benefits have lost 34 percent of buying power since 2000," Johnson adds. .TSCL agrees that the IPAB should be repealed before it is triggered to begin making cost-cutting recommendations to Congress. Even though the Affordable Care Act forbids the board from "rationing" care, cutting Medicare benefits, or increasing premiums, TSCL is concerned that cuts to providers could result in increased costs for beneficiaries or decreased access to quality medical care. … Continued
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Legislation For Coverage Of Hearing Aids Under The Medicare Recently Introduced In Congress
Four Bills Gain Support .Use a consumer price index that better reflects the costs of retirees — the Consumer Price Index for the Elderly (CPI-E). .To make the Social Security program fairer, The Senior Citizens League is advocating for legislation that would give beneficiaries a more adequate annual COLA. Under current law, the COLA is based on the spending patterns of young, working Americans. It fails to capture the true inflation seniors experience since it does not include major expenses like rising Medicare premiums. The bipartisan CPI-E Act (H.R. 1251) would base the COLA on the spending patterns of older Americans, and it's a change that is backed by 81 percent of The Senior Citizens League's supporters according to the results of our 2018 Senior Survey. … Continued
Let your Representative know what you think! Ask him or her to co-sponsor, H.R. 2745, the No Social Security for Illegal Immigrants Act. Send an email here. .In response to the proposed changes, House Minority Leader Nancy Pelosi (CA-12) said, "With their latest budget proposal, House Republicans have made their values very clear: strengthen the special interests, abandon seniors and hard-working families." TSCL agrees that adopting a premium-support model for the Medicare program would be a step in the wrong direction, and we oppose the Budget Committee's efforts to include it in next year's resolution. In the weeks and months ahead, we will continue to advocate against plans to privatize the Medicare program. .Until we know more about those questions, everyone — even people who've had their vaccines — should continue taking basic prevention steps when recommended. .In the final weeks of the 111th Congress, TSCL will continue working to prevent cuts to Social Security benefits that are already insufficient for too many of our nation's seniors. .I've been out of work since late March. The company that I was working for is in the process of declaring bankruptcy, and I haven't found a new job yet. I turn 64 in two months, but if I start Social Security. Ask the Advisor: August 2020 Is Taking a Loan Against Your Social Security Benefits a Reasonable Option When You are Out of Work? .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. .SGR Repeal Unlikely This Month .The Congressional Budget Office (CBO) projects that spending for Social Security, Medicare, other major healthcare programs, defense, and interest payments alone would require every dollar of revenue in about eight years, leaving nothing left over for the rest of the federal budget. The CBO further says that federal debt cannot grow faster than the nation's output indefinitely without causing long-term damage to the government's finances and broader economy. .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.
