News

  • Balanced Budget Amendment Affect Social Security Benefits

    TSCL believes that the current WEP unfairly reduces the benefits of public servants, and we are pleased that support on Capitol Hill has continued to grow for the Public Servant Retirement Protection Act. .Allow states, wholesalers, and pharmacies to import FDA-approved drugs from foreign countries and sell them in the U.S. Trump has long complained that countries where the government sets the price of drugs are taking advantage of American consumers. The order includes a special provision to allow wholesalers and pharmacies to re-import insulin and biological drugs. .Low-income seniors and disabled adults who qualify for benefits under both Medicare and Medicaid frequently have multiple chronic health problems, and more than half have cognitive or mental impairments. More than half of dual eligibles also have annual incomes of less than ,000, and are more likely to receive nursing … Continued

  • The Senior Citizens League Weekly Update For Week Ending January 31 2020

    The President's favored nations rule has also upset conservative groups along with the industry and patient organizations. Some of those groups had launched a media campaign against the proposal before Trump actually announced it. .There's an old saying: "Laws are like sausages; it is better not to see them being made." .Direct federally funded community health centers to pass discounts they now get for insulin and EpiPens directly to low-income patients. … Continued

It is indisputable that Americans are, on average, living longer lives. According to data from the Centers for Disease Control, someone who turned 65 in 1950 had, on average, 13.9 more years to live, while someone who turned 65 in 2007 had, on average, 18.6 more years to live. The 2009 Social Security Trustees Report also projected that over the next 25 years the life expectancy at age 65 will increase to 19.5 more years. Many cite this as a reason to support increasing the retirement age. Also, by encouraging workers to stay in the work force longer, more revenue will come into Social Security's coffers. .Mexican consulate officials are informing people about the availability of such benefits.Survivor claims are increasing due to recent violence in Mexico. .Money for Life: Turn Your IRA and 401(k) Into a Lifetime Retirement Paycheck, Steve Vernon, September 2012. .Source: Fiscal Year 2010 Inspector General Statement, Social Security Administration Office of the Inspector General, November 2010. .The Centers for Medicare and Medicaid Services said the rule would be mandatory and will focus on 50 single source drugs and biologic drugs that comprise the largest majority of Medicare Part B drug spending. .For Medicare Advantage enrollees whose physicians are dropped, this means one of three things. They will either have to scramble to find a new doctor, pay more to see their out-of-network doctor, or switch to a Medicare Advantage plan with a better network of providers. Seniors who did not choose the third option last fall will have to wait until October – the start of Medicare's open enrollment period – to find a new plan. ."The need for an Emergency COLA has never been greater," says Benton. TSCL is meeting with Congress to urge lawmakers to enact emergency legislation to provide a COLA large enough to boost benefits in 2016 and 201In addition, TSCL is asking Members of Congress to pass legislation that would use a senior consumer price index, the Consumer Price Index for the Elderly (CPI-E), to more fairly calculate the annual boost. .Last week we learned that the top attorney in the Department of Health and Human Services (HHS), warned department officials that the program is potentially illegal because it could be in violation of federal election laws. .Prior to 1984, Social Security benefits were excluded from taxation. Today, from 50 to 85 percent of Social Security income can be subject to taxation depending on two income thresholds. For taxpayers with incomes between ,000 and ,000 (individual) or ,000 and ,000 (filing jointly), up to 50 percent of Social Security benefits may be taxable. For individuals with incomes above ,000 or couples filing jointly with incomes above ,000, up to 85 percent of benefits may be taxable.