News
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Legislative Update For Week Ending February 8 2013
Other priorities in 2015 will include advocating for a more fair and accurate Social Security cost-of-living adjustment, monitoring the continued implementation of the Affordable Care Act, and protecting Medicare Advantage enrollees from harsh and unforeseen benefit cuts. .Advocates who help retirees enroll in these programs say that, even if your income is slightly above the eligibility limits, you might still qualify because certain types of income and assets may not be counted. .Despite the big drop in costs related to petroleum prices, the overall costs typical of Social Security recipients continue to grow faster than benefits. Since 2000, the COLA has increased benefits just 43 percent while typical senior expenses have jumped 74 percent. Inflation has been at historic lows in recent years and seniors received a COLA of just 1.7 percent this year. … Continued
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S 124 Preserve Access Affordable Generics Act
The CARES Act provides employers with incentives to retain workers on the payroll through a tax credit. In addition, employers are allowed to defer the employer portion of payroll taxes for 2020, with the taxes due in two equal installments by December 31, 2021, and December 31, 2022. .TSCL is working to convince Congress to enact a bill that provides an emergency COLA. The organization supports the Seniors and Veterans Emergency (SAVE) Benefits Act (S. 2251, H.R. 4144), which would provide Social Security beneficiaries with a one-time emergency COLA of 3.9 percent. For the average retiree, the emergency COLA would amount to around 0 dollars. To learn more, visit . .Offsets Complicate SGR Talks … Continued
Of the more than 1,200 people who participated, 766 sent in comments. Most described their personal challenges in meeting their healthcare expenses. In what may be a sign of the times, a surprising number indicated they are working far longer than they ever thought they would, even into their late 70's and 80's, because they don't have enough to live on after paying their healthcare costs. Even seniors who do have good Medicare supplemental and drug coverage described how they keep costs in check by asking their doctor to prescribe generics, filling prescriptions for 90 days, splitting pills, and sticking to preferred pharmacies. .This week, The Senior Citizens League (TSCL) saw three critical bills – the Credit for Caring Act, the Social Security Fairness Act, and the Equal Treatment of Public Servants Act – gain new cosponsors on Capitol Hill. .However, it is possible that some doctors and hospitals may opt not to accept Medicare due to lower cost reimbursements or providers may also try to pass extra costs to consumers. .To help you sort things out, TSCL strongly recommends that you get free one-on-one Medicare counseling through your state health insurance assistance program (SHIP). Many of the programs operate through area agencies on aging, local departments of senior services or senior centers. You can also get more information online at www.Medicare.gov or call 1-800-Medicare ( 7). .While President Obama spent much of his speech to the nation discussing economic policies, he did take the time to direct a message to legislators in attendance. The President pleaded that lawmakers send him immigration reform legislation that would enable illegal immigrants to earn their citizenship so he could "sign it right away." President Obama said he is "prepared to make reforms" that would "rein in the long-term costs" of Social Security, Medicare, and Medicaid programs. .The credit will include children who turn age 17 or who are under that age in 2021. .The Bureau of Labor Statistics (BLS) the agency within the Department of Labor that gathers information about prices that consumers pay in order to determine the inflation rate, and therefore the COLA for next year, has let it be known that because of the virus they are going to have to estimate some of the costs of goods and services instead of finding out what they actually are. .Sen. Sherrod Brown Introduces CPI-E Bill .In addition to delivering petitions to Congressional offices, TSCL's Board of Trustees and legislative team – which is led by former Congressman David Funderburk and Mrs. Betty Funderburk – have met personally with more than fifty lawmakers and their top aides. Some highlights include meeting with the following Members of Congress: Rep. Eliot Engel (NY-16), sponsor of the Guaranteed 3% COLA Act (H.R. 1585); Rep. Peter DeFazio (OR-4), sponsor of the CPI-E Act (H.R. 1030); Rep. Jan Schakowsky (IL-9), Co-Chair of the Seniors Task Force; Rep. Mike McIntyre (NC-7), sponsor of the Notch Fairness Act (H.R. 155); and Sen. Marco Rubio (FL), member of the Senate's "Gang of Eight" and sponsor of comprehensive immigration reform legislation.
