News

  • Tag 2015 Cola Feed

    TSCL disagrees, and we fear that if triggered, the IPAB's recommendations could result in increased costs for beneficiaries or decreased access to quality medical care. In the weeks ahead, we will continue to advocate for legislation to repeal the cost-cutting board in the House and Senate, and we will post updates here in the Legislative News section of our website. .Members of Congress remained in their home states and districts this week for Tuesday's mid-term elections. They are expected to return to Capitol Hill to begin the "lame duck" session on Wednesday, November 12th, following the Veterans Day holiday. .Most people who spend the night in the hospital would say they have been an inpatient. But over the past six years, rapidly growing numbers of Medicare beneficiaries have learned that they were never admitted as an inpatient — even though they have stayed in a hospital bed, received treatment, diagnostic tests, and drugs. … Continued

  • Legislative Update November 2019

    A bigger portion of Social Security benefits is likely to become taxable for many older taxpayers in coming years, because newly enacted tax law ties the tax brackets and standard deduction to a more slowly - growing consumer price index — the chained Consumer Price Index. "That will mean tax brackets and the standard deduction will rise more slowly and a greater portion of income may be subject to taxation," Johnson says. .For women, that number is even lower, it's ,000 a year. .Social Security Reform – Extending the program's solvency without enacting harmful cuts. … Continued

In your book The Hard Times Guide to Retirement Security you say that today's retirees need to "rethink retirement." In what ways do our ideas about retirement need changing? .We have a deep moral obligation to ensure our seniors receive quality, affordable healthcare. We have an equal obligation to our children to pass on an America rich in opportunity and free from the bonds of debt. That is why resolving this problem is one of my top priorities. .Johnson selected 20 companies for her sample and downloaded each company's public 2018 proxy information, which contains Executive Compensation Tables required by the Security Exchange Commission. The analysis uses only the actual salary and performance pay, both of which are subject to Medicare and Social Security payroll taxes up to the limit. No stock awards were included. .What Was I Thinking? .While more than 47 million citizens of the United States are Medicare beneficiaries, each day 10,000 newly eligible citizens enroll in the Medicare program. And, according to the non-partisan Congressional Budget Office (CBO), the Hospital Insurance Trust Fund — the fund that pays the Medicare bills — is projected to become exhausted in 202On top of this, the Department of Justice estimates that billion is lost each year from fraud in the Medicare program. .We urge you to be cautious. You should not be charged just for being put on a list. If you receive a contact like this you should call your doctor's office or your local health department to try and verify that such a list exists. .In February, after lawmakers allowed two government shutdowns to briefly take effect, Members of Congress finally passed the Bipartisan Budget Act of 201The massive budget deal set spending levels for two years and lifted the debt ceiling through March of next year. It came as a surprise to many in Washington – including The Senior Citizens League (TSCL) – and the agreement put an end to cycles of funding extensions that temporarily and irresponsibly funded the federal government for years. .Diversify if you can. If you have the savings, it might be wise to spread your investment between two companies or consider having a portion of yours savings in fixed annuity and a portion in a variable annuity. ."The question becomes how we can strengthen the retirement security of today's retirees, while strengthening funding for both Medicare and Social Security at the same time," Johnson says.