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Legislative Update Week Ending December 14 2018
The Senior Citizens League is pleased that key Social Security bills like the four mentioned above will be re-introduced early in the 116th Congress, and we look forward to building momentum for them on Capitol Hill in the months ahead. For progress updates or for more information on these important bills, visit our website at . .This issue has just popped up and TSCL will be in contact with members of Congress to do all we can to prevent these looming cuts and we will keep you advised as to how things are going. .Be suspicious of products that claim to treat a wide range of diseases. … Continued
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Now that Congress has passed President Biden's Covid-19 relief bill it must turn its attention immediately to passing legislation to delay billions of dollars in cuts to Medicare. .Last week we told you that unless Congress passed new legislation soon, there would be significant cuts in Medicare payments to health care providers, such as doctors and hospitals. And if that happened it is quite possible those patients covered by Medicare would likely face negative consequences with regard to their health care. .Notch Reform continues to be a major priority of seniors who turn 85 to 94 this year. After so many years of receiving lower Social Security benefits than other seniors having similar work and earnings histories, is it any wonder that the majority of "Notch Babies" believe Congress is waiting for the issue to quietly die away? … Continued
The Effect of Economic Conditions Was Not Foreseen, and Therefore Could Not Have Been Intended by Congress .Earnings from work could cause Social Security to withhold your benefits. Should you be successful in your job search, your earnings could affect what you receive in Social Security benefits. Social Security will deduct in benefits for every you earn above the annual limit, which is adjusted annually and is ,720 in 201If for example, you started a job and earn ,000 in 2017, you would earn ,280 more than the exempt ,720. That means Social Security with withhold about ,140 in benefits. If you are receiving a reduced survivors monthly benefit of 5, or ,100 annually, then you would receive only 0 in benefits for the entire year of 201You would receive no benefits at all for 10 months out of the year. .Under current law, Social Security benefits are adjusted annually based on changes in the consumer price index for Urban Wage Earners and Clerical Workers (CPI-W). According to the Social Security Administration, the intent of the annual cost of living adjustment (COLA) is to help protect the buying power of benefits from increases in inflation. All beneficiaries receive the same percentage of increase, but the dollar amount varies based on the amount of benefits that one receives. In years in which inflation has gone down, there can be no COLA at all. .The payraise goes into effect automatically unless denied by legislation, or adjusted by a provision of law that prevents Congress from receiving a percentage of pay increase that would be greater than any payraise received by the General Schedule to federal workers. When Congress passed legislation in December of 2010 that froze the pay of federal workers through December 31, 2012, they effectively froze their own pay as well. No similar provision of law, however, prevents Congress from receiving a bigger COLA than seniors. The adjustment for Congress is not determined like the COLA for seniors, which is based on changes in consumer prices. Instead the Congressional COLA is based on changes in private sector wages and salaries as measured by the Employment Cost Index. Members of Congress were originally scheduled to receive a pay adjustment in January 2010, of 2.1%, and in 2011 of 0.9% had legislation not prohibited it. .Currently doctors are paid for every service they provide, giving a big incentive for wasteful duplication. Patients wind up getting repeated tests, X-rays, CT scans and procedures involving expensive computerized equipment. ."If you're not going in, you're essentially taking the providers' word that they're doing a good job," said Richard Mollot, the executive director of the Long-Term Care Community Coalition. .Reports are coming in across the country of a new Social Security scam. Scammers use a threatening tone saying that due to illegal activity (such as an "account breach") your Social Security account has been "compromised" and will be closed unless you call a phone number to address the issue. .As we've found out in our meetings with Congressional staff members, Congress is hearing thousands of complaints from voters who want surprise billing stopped. But, they are also hearing from the health care providers who are making a lot of money from surprise billings and they are fighting back to try and stop or modify legislation. Because of the pressure Congress is receiving from opposing sides, getting legislation to fix the problem is more complicated than you might expect. There are four bills in the Senate to deal with the issue and five in the House. .(Washington, DC) The portion of Social Security benefits that retirees spent on Medicare premiums and out-of-pocket costs climbed in 2018 for a growing number of retirees in 2018, according to a recent survey by The Senior Citizens League. About 30 percent of retirees say that premiums and out-of-pocket spending consumed one-third to one-half of their Social Security benefits. The findings represent a 7 percent jump from the 23 percent of retirees reporting healthcare costs took this portion of Social Security in 2017.
