News

  • Ask Advisor May June 2018

    The additional cost from adopting private accounts poses a much greater threat to the Social Security Trust Fund's solvency than it currently faces. Consequently, I have always adamantly opposed "private" accounts, or "individual" accounts, or "personal accounts" – regardless of what they're called. They're a big gamble and a risky deal for workers, retirees, and taxpayers alike. .For updates on the progress of the Prescription Drug Affordability Act or for more information about the Medicare Part D doughnut hole, visit our website at or find us on Facebook and Twitter. .In 1977 Congress enacted changes to the Social Security benefit formula that affected seniors just two years from first entitlement to Social Security. A transitional formula supplied by Congress to phase in the changes, failed to prevent abrupt cuts and big disparities – as much as 1.80 per month in the well – publicized case of two sisters who worked for the same company. … Continued

  • Senior Citizens League Medicare Partd

    This week, lawmakers in the Senate continued working on plans to reform the healthcare system. In addition, The Senior Citizens League saw five key bills gain new cosponsors in the House. .My Mom Is Applying For Assisted Living: Why Must She Agree To Mandatory Arbitration? .Supporters also stressed the fact that the IPAB has strict limitations. The Board cannot restrict Medicare benefits, raise taxes, increase beneficiaries' cost-sharing, modify eligibility criteria, cut payments to hospitals before 2020, or ration care. Instead, the IPAB will report on healthcare costs, access, quality, and utilization each year, and will make innovative cost-saving recommendations as it sees fit. … Continued

Last year the House did pass a Medicare negotiations bill, which would cap out-of-pocket drug costs for older people and expand program benefits as well. But it has had no Republican support in the House, and it has no path forward in the Republican Senate because Senate Majority Leader Mitch McConnell (R-Ky.) has refused to bring it up for a vote. In addition, the White House calls it unworkable. .In response to heightened concerns over antibiotic resistance, two dozen of the world's largest pharmaceutical companies have formally launched a billion for-profit venture fund to replenish the global medicine chest with novel treatments. .Put your mother's apartment on the market and work to sell it. This means giving it a thorough cleaning, a fresh coat of paint if needed, and minor repairs. .Medicaid Cuts Would Hit Notch Babies And Families Hardest .High unemployment during the COVID pandemic of 2020 could cause an estimated 4 million people who were born in 1960 to face permanent reductions to their Social Security benefits, due to a flawed feature of the Social Security benefit formula. Congress can prevent this from happening, but only if it takes action in time. To prevent benefit cuts, Congress may need to enact legislation by the end of this year, before the 1960 birth cohort turns 62 and first become eligible to claim Social Security retirement benefits. .Other Legislation Also Targets Scams and Fraud Against Seniors .Seniors and the Covid Vaccine .Lawmakers Avert Government Shutdown .Do not engage with these calls or provide any personal information! If you get such a call or any call demanding your Social Security or bank account number, hang up. Don't respond to any recorded message. If you tend to get such calls, consider setting your phone up to allow an answering machine or voice mail to record or prescreen your calls.