News

  • Social Security Medicare Questions July 2013

    Diversify if you can. If you have the savings, it might be wise to spread your investment between two companies or consider having a portion of yours savings in fixed annuity and a portion in a variable annuity. .This week, President Obama delivered his State of the Union Address, and talks to repeal and replace the sustainable growth rate (SGR) formula for doctors who treat Medicare patients seemed to have stalled. .The program is not meant to pay for all your energy costs, and in many places only provides assistance for your main heating source. For example, if you heat with oil, your local program may approve delivery of only a specific amount of heating oil and that may only fill a portion of your fuel tank. The amount of help you get depends on where you live, your income, your energy costs and needs, and your family size, in addition to other factors such as your age. In addition, in many areas of the country, the program runs out of funding quickly and operates on a first come, first serve basis. … Continued

  • Press Release New Tax Law Social Security

    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.) .On the web: Here's the link to the WTHR TV "Tax Loophole" video or visit www.wthr.com. .What Could A COLA of No Less Than 3 Percent Mean For You? … Continued

The Social Security cost-of-living adjustment (COLA) is provided to protect the buying power of Social Security benefits from rising prices. Yet for almost a decade, retirees have had to manage their household budgets despite COLAs that have been at unprecedented lows. During this period, typical retiree costs have continued to rise several times faster than overall inflation and, consequently, Social Security benefits have lost one-third of their buying power since 2000. .Source: " 10 Charts About Public Opinion On Medicaid," Kaiser Family Foundation, June 27, 201"Medicare Savings Program Cuts Delayed By Two Months," Mackenzie Rigg, The CT Mirror, December 5, 201"General Assembly Reverses Cuts To Medicare Program," Keith Phaneuf, The CT Mirror, January 8, 2018. .This week, The Senior Citizens League was pleased to see support grow for three key bills that would strengthen and protect the Social Security and Medicare programs. .What can you do? Sign one of TSCL's current petitions. .Before the New Year even started, TSCL had been working to convince Members of our new Congress of the immediate need to replace 2021's meager 1.3% cost-of-living adjustment (COLA) with a 3% emergency inflation adjustment. We strongly support "The 3% Emergency COLA Act," introduced by Representatives Peter DeFazio (OR-4) and John Larson (CT-1) and efforts to include provisions of this bill in emergency stimulus funding legislation. .I've been hearing a lot recently that Social Security is a Ponzi scheme. Just how much in Social Security benefits can I expect? I just turned 62, but I'm still working and haven't started benefits yet. .This week, TSCL announced its support for three new bills: the Social Security Safety Dividend Act (H.R. 67), the Medicare Prescription Drug Price Negotiation Act (S. 41, H.R. 242), and the Safe and Affordable Drugs from Canada Act (S. 64). .This week, the Department of Health and Human Services announced that the Senior Medicare Patrol – a voluntary fraud prevention effort comprised of seniors – recovered at least .1 million last year, which is up from million in 2012. .Key Bills Gain Support in Congress