News

  • Legislative Update August 2021

    If the threshold is raised, many seniors who have saved for their entire lives and have carefully planned for retirement will suddenly be faced with hundreds of dollars in extra taxes—on top of the out-of-pocket medical costs they already pay. That's simply unacceptable. .TSCL strongly supports legislation that would provide 70 million Americans with a one-time emergency COLA payment of 3.9% (0). The Seniors and Veterans Emergency (SAVE) Benefits Act (S.2251) was introduced by Senator Elizabeth Warren, and a companion bill was introduced in the House by Representative Alan Grayson, H.R. 4012. .Americans are anxious to get back to normal after over a year of being limited in their activities because of the pandemic. For many seniors, as well as others, that includes vacationing, and vacationing includes trips on cruise ships. … Continued

  • Category Legislative News Page 22

    Sen. Sanders organized a petition drive that has garnered 400,000 signatures so far, and he is hopeful that his campaign will help prevent the adoption of benefit cuts like the "chained" Consumer Price Index (CPI). While some conferees seem to agree with Sen. Sanders, others feel that changes like increased Medicare means testing should be considered as part of a package to replace the automatic sequester cuts, which are scheduled take effect on January 15th. .This week, four new cosponsors signed on to the Social Security Fairness Act (H.R. 1795), bringing the total up to one hundred and thirteen. The new cosponsors are: Reps. Michael Fitzpatrick (PA-8), Frank LoBiondo (NJ-2), Brett Guthrie (KY-2), and Katherine Clark (MA-5). If signed into law, the Social Security Fairness Act would repeal the Government Pension Offset (GPO) and the Windfall Elimination Provision (WEP) – two federal provisions that unfairly reduce the earned Social Security benefits of millions of teachers, fire fighters, peace officers, and other state or local government employees each year. .The TSCL report which contains Social Security Administration (SSA) data from 1937 through 2013, includes the following findings: … Continued

Congress was out of session this week because of the Presidents' Day holiday. Nearly all of those up for re-election (all of the House of Representatives and one-third of the Senate) were back in their home states and districts, most likely meeting with constituents and/or raising money for their campaigns. So although there was not a lot of news coming out of Congress, news was being made by the Trump administration. .This week, Members of Congress remained in their home states and districts for the month-long August recess. .Medicare investigations returned for every dollar invested in recent years. Let's tell Congress to stop being so "penny wise and pound foolish." Sequester cuts are like writing a blank check for crooks, and have no place in Medicare fraud control programs. Ask your Member of Congress to cosponsor The PRIME Act (H.R. 2305) and (S.1123.) .Some MA plans, including UnitedHealth – the largest provider of MA coverage – have already begun modifying their offerings in order to accommodate the increasing financial pressure. Last year, UnitedHealth dropped thousands of physicians from its networks, which left many enrollees doctor-less. Without much notice, they had to either find new physicians, or pay more out-of-pocket to see their former, trusted and out-of-network doctors. Because the open enrollment period had already ended, seniors were unable to change plans in order to keep their physicians and their low costs. .TSCL has concerns about this approach, since it would mean that Social Security's Old Age and Survivor's Insurance (OASI) trust fund would receive 0.9 percent less in payroll tax revenues, worsening the retirement program's financing. In a recent poll conducted by TSCL, this approach received virtually no support from respondents – less than 1 percent said shifting revenues from one trust fund to another would be the best way to fix the program's solvency. .Early this week, the Office of the Inspector General (OIG) for the Social Security Administration released a 10-year study that found nearly billion in overpayments to around 4 million enrollees in the Disability Insurance program. Approximately 45 percent of all disabled beneficiaries have been overpaid in the past decade, the report's authors concluded. .The government negotiates prescription drug prices for veterans and Medicaid beneficiaries, but it is barred from negotiating lower prices for Medicare beneficiaries. As a result, seniors enrolled in Part D often pay much higher prices than others for their prescription drugs. What are you doing to correct this unfair policy? .Trustees Release Annual Social Security and Medicare Reports .Legislation to allow the importation of less-costly FDA-approved prescription drugs from Canada and other nations is still pending in Congress, and TSCL continues to work for enactment. Seniors like you and your wife who order prescription drugs by mail from Canada faced a particularly tough decision about Medicare Part D. Either you enroll in a Part D plan and quite likely pay more than you do now, or don't enroll and face the risk of paying a steep penalty if you change their mind and sign up after the May 15 deadline.