News

  • Obamacare Repeal Increase Beneficiaries Part D Costs

    [2] Growth of the Social Security "Earnings Suspense File", Mary Johnson, TSCL February 2013. .Most Americans contribute 6.2 percent of every paycheck to Social Security, but due to the taxable maximum wage cap, people earning more than 8,500 pay nothing over that amount. Do you support increasing or eliminating the taxable maximum wage limit to make the program more solvent? .To be fair, the House of Representatives, for the most part, got its work done on time. It was once again the Senate that failed to do what it is supposed to do and pass the funding legislation that is needed for the new fiscal year which will begin on October 1. … Continued

  • Legislative Update Week Ending September 14 2018

    Higher-income beneficiaries. People with modified gross incomes of ,000 (individuals) or 0,000 (couples) in 2017 are required to pay higher Part B premiums, depending on income. .An abrupt jump in inflation in February and March of this year wiped out a short-lived improvement in the buying power of Social Security benefits in 2020, according to TSCL's latest study on rising senior costs. The study, which compares the growth in the Social Security cost of living adjustments (COLA)s with increases in the costs of goods and services typically used by retirees, found that, while consumer prices flatlined in 2020 through January 2021, costs are now sharply increasing. .However, support in the House has gone to two bills of the bills, both of which moved forward this week: HR 5826, sponsored by Rep. Richard Neal (D-MA), Chairman of the House Ways and Means Committee; and HR 5800, sponsored by Rep. Bobby Scott (D-VA), Chairman of the House Education and Labor Committee. While they each deal with the same issue the way they try to solve it is different. … Continued

Congressmember Karen Bass is serving her sixth term in Congress. She represents Culver City and parts of Los Angeles. .Is the evidence really so clear? .This week, one new cosponsor – Rep. Adam Kinzinger (IL-16) – signed on to the Social Security Fairness Act (H.R. 973). The cosponsor total is now up to 13If signed into law, the bill would repeal two federal provisions that unfairly reduce or eliminate the earned Social Security benefits of millions of teachers, firefighters, peace officers, and other state or local government employees each year. TSCL enthusiastically supports the Social Security Fairness Act, and we were pleased to see one new cosponsor sign on to it this week. .On its website the BLS explains that it calculates the COLA this way: .Cutting off the flow of benefits when a Social Security recipient dies is important to protect program finances from going to people who aren't entitled to them. The Social Security Administration maintains a list of deceased beneficiaries called the "Death Master File" to help public agencies and private companies know when a Social Security number is no longer valid. Keeping that list up to date is vitally important. But a new report from the Inspector General of the Social Security Administration confirms that the Social Security Administration indeed has a major problem. .This week, The Senior Citizens League announced its support for the Social Security Administration Fairness Act (S. 3147, H.R. 6251), which was recently introduced by Senator Bernie Sanders (VT) and Representative John Larson (CT-1) with the support of six Senate cosponsors and twenty House cosponsors. .TSCL's legislative team will be monitoring the tax reform discussions closely in the coming days and weeks, and we will post updates here in the Legislative News section of our website, as well as on Facebook and Twitter. In the meantime, we encourage our supporters to contact their Members of Congress to request their opposition to tax reform measures that will jeopardize the health and financial security of older Americans. For contact information, click HERE. .We have heard such offers before. Pharmaceutical companies routinely provide coupons to cover patient copayments for expensive drugs so that we do not squawk when they charge our insurance company tens of thousands for the medicine, driving up premiums year after year. A naloxone injector to reverse heroin overdoses is given free to some clinics but priced at thousands for the rest. .When asked whether the waiting periods for disability and Medicare benefits should be eliminated, 67% of TSCL's poll participants support eliminating the waiting periods for both Social Security and Medicare. Only 18% supported keeping both waiting periods, 9% supported eliminating the 2-year wait for Medicare alone, and 5% supported eliminating the 5-month wait for Social Security alone.