News

  • Ask The Advisor January 2011 Advisor Feed

    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. .TSCL agrees with Congressman Doggett, and we were pleased to lend our support to both bills this week. For more information or to track the progress of the bills through the House, visit the Bill Tracking section of our website. .TSCL agrees that the IPAB should be repealed before it is triggered to begin making cost-cutting recommendations to Congress.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

  • Legislative Update For Week Ending June 29 2012

    Many seniors have been confused by Medicare Advantage plans, because they are aggressively marketed as offering Part D drug coverage, in addition to hospitalization and doctor's insurance. Some seniors have enrolled in the plans thinking they were getting drug coverage only to add to supplemental coverage they already had. .According to the Social Security Handbook, when Social Security decides an overpayment has been made, a written notice will be sent to the overpaid individual or the legal representative (such as guardians or estates), if any. People other than the beneficiary can be liable for overpayments if they are entitled to benefits on the same earnings record, like widows, divorced widows, spouses, divorced spouses, and children. .Use call block technology. If you have a smart phone, you can block calls from unknown numbers. Some land line phones also have similar technology. … Continued

Look into mail-order pharmacies. When ordering by mail you save money because you order in quantity – a 90-day versus a 30-day supply. Many mail order pharmacies charge lower co-pays for a 90-day supply than what you pay for a 60-day. Check with your drug plan to find out if mail order is available. .Providing Medicare services is not simple, but it is critical that we continue to make efficient investments in the healthcare expenses of 48 million people and develop an adequate workforce to provide those services. I proudly voted for the Patient Protection and Affordable Care Act (PPACA), which expanded access for Medicare beneficiaries and increased investment in healthcare provider training. I also remain a staunch opponent of attempts to increase costs to beneficiaries and privatize this valuable program. .TSCL is relieved that Members of Congress came to an agreement this week, since another government shutdown like last year's would have severely affected Social Security and Medicare benefits for seniors. However, lawmakers will need to revisit the spending debate in ten short weeks since the temporary bill expires on December 11th. TSCL will continue to monitor the discussions in the meantime, and we will post updates here in the Legislative News section of our website. .Second, four new cosponsors signed on to the Social Security Fairness Act (H.R. 141), bringing the total up to 16The new cosponsors are Representatives Jimmy Gomez (CA-34), Bradley Byrne (AL-1), Ann Kirkpatrick (AZ-2), and Josh Harder (CA-10). This bipartisan bill, if adopted, would make the Social Security program more equitable by repealing the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). These two provisions of law unfairly cut the Social Security benefits of millions of teachers, police officers, and other state or local government employees, often by 40 percent or more. By repealing both provisions, the Social Security Fairness Act would ensure that public servants receive the Social Security benefits they have earned and deserve. .This week, discussions to fund the federal government past September 30th – the end of the fiscal year – seemed to stall. Leaders in the House and Senate told reporters last week that they planned to take up a short-term continuing resolution (CR) by September 21st. However, this week, lawmakers on both sides of the aisle said many important details remain up in the air, and the timeline has shifted. .To receive benefits on your ex-spouse's record, you must be unmarried, and your ex-spouse must be entitled to a Social Security retirement or disability benefit. But don't try to take it sooner than age 66, or you will lock in a permanent reduction for your own retirement benefit, even if you take it later. .A second of the measures the President signed on Saturday aims to provide 0 in weekly unemployment aid for millions of Americans. Trump said 25 percent of this money would be paid by states, many of which are already dealing with major budget shortfalls. The federal contribution would be redirected from disaster relief money at the Federal Emergency Management Agency. Those funds are not likely to last more than two months, and the President did not say when the benefits would kick in. .That is why we are letting you know that the American Medical Association said this week that neither doctors nor the general public should use coronavirus antibody tests to determine whether someone is protected from the pathogen. .Today's seniors have spent a lifetime paying into benefit programs like Social Security. They did so under the assumption that those programs' benefits will be there for them when they need them. All too frequently, though, illegal immigrants are reaping benefits without first paying their fair share into the program, and those who paid into Social Security fear that expected benefits will not be available when the time comes.