News

  • Legislative Update Week Ending January 18 2019

    Benefits haven't kept pace with the cost of living and all changes that have occurred over the last 50 years. … .Apply for pharmacy assistance programs from your drug manufacturer. Medicare maintains a list of pharmacy assistance programs by drug name. To learn if there is a program for your drug visit: http://www.medicare.gov/pharmaceutical-assistance-program/index.aspx. .The first session of the 113th Congress has just reached the half-way mark, and already, The Senior Citizens League (TSCL) has much to show for it. Dozens of key bills have been re-introduced, hundreds of thousands of petitions have been hand-delivered to Congress, TSCL's legislative team and Board of Trustees have met with numerous Members of Congress, and in May, we hosted a successful "Welcome Reception" for new and veteran lawmakers and their top aides. … Continued

  • Public Opinion Can Sway Votes In Congress

    On Tuesday, two Senate Committees – the Budget Committee and the Homeland Security and Governmental Affairs Committee – held confirmation hearings to question Congressman Mick Mulvaney (SC-5), who was nominated by President Trump to serve as Director of the Office of Management and Budget. If confirmed, he would lead the office that develops the administration's federal budget and advises the White House on fiscal matters. .Some financial advisors say that there may be some tax advantages to taking money out now while valuations are lower. This information is not intended as investment advice. We strongly recommend that you contact the custodian of your 401(k) or your financial advisor and discuss a plan for your income needs and to explore potential sources of funds. .Estimating that this new rule would save approximately million over five years, CMS proposes to require Medicare Advantage and prescription drug plans to "involuntarily dis-enroll" people who are in the country illegally, something that may prove difficult for private plans to substantiate. … Continued

In addition to Medicare Part A and B, you will need additional insurance. Medicare alone does not cover everything, and there are considerable out-of-pocket costs that would suck your life savings right out of any nest egg you might have. You will need to decide between a supplemental insurance policy, known as Medigap, and a free-standing prescription drug plan, or to join a Medicare Advantage plan with prescription drug coverage. TSCL strongly recommends that you get free, unbiased counseling, to learn your options and to find the most reasonably-priced coverage for your needs. All areas of the country offer this Medicare counseling through State Health Insurance Assistance Programs (SHIP). Although the actual name of the program in your area may vary, you can find the programs operating through your area agency on aging, senior center, or get contact info here: https://www.shiptacenter.org .The COLA will be announced on October 19th, and Medicare premiums and deductibles also will be announced in the fall. Seniors who are already retired and those nearing retirement have few options if the benefits they rely on today were to be cut. TSCL is fighting such proposals affecting the benefits of current retirees, believing that seniors need a COLA that more adequately protects the buying power of Social Security, and TSCL supports H.R. 776, the Guaranteed 3% COLA Act, introduced by Representative Eliot Engel (NY-17). .Did Members of Congress receive a COLA this year? If so did they get more than the 3.6% that seniors received? Is it true they don't pay into Social Security? .The money that is withheld due to excess earnings is not completely lost. Once you reach full retirement age, the Social Security Administration will recalculate your benefits so that over time you can recover what was withheld. To learn more about getting Social Security benefits while working, visit: https://www.ssa.gov/planners/retire/whileworking.html. .Not necessarily. According to a new audit report by the Social Security Administration's Office of Inspector General, more than 26,000 beneficiaries receiving spousal benefits may be eligible for a higher retirement benefit based on their own earnings, but are not receiving them. Although the Social Security Administration sends notices to widows and widowers who may be eligible for a higher retirement benefit based on their own earnings at full retirement age, and age 70, it does not provide similar notices to spouses who may also be eligible for higher retirement benefits based on their own earnings. .More information available on our website: .Consider the difference it would have made if Congress had provided an emergency COLA of 2.5% during the four years when there was no, or almost no, COLA in 2010, 2011, 2016, and 201The benefits of people retired since 2009 would be about 10% higher per month today! For someone receiving about ,200 in 2009 that would be an extra 0 per month. .The group offers a Seniors Program that connects eligible seniors 65 and older with local volunteer ophthalmologists who provide a medical eye exam (often at no out-of-pocket cost), and up to one year of follow-up care for any conditions diagnosed during the initial exam. .Need more help? Free one-on-one counseling is available through State Health Insurance Programs (SHIP). To get contact info for your area visit http://shiptacenter.org.