News

  • Ask The Advisor July August 2019

    The Senior Citizens League (TSCL) urges its members and supporters to make the most of the August recess by attending town hall meetings. For more information, or to see if your Members of Congress will be holding town halls in the coming days, call their local offices. .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. .Is Life Insurance After Starting Social Security Worth the Money? … Continued

  • Category Issues Cola Articles Page 13

    SSI is a federal program that provides monthly benefit payments to people age 65 or older, who are blind or have a disability and who have little or no income and resources. People who receive SSI are also eligible to receive food stamps and Medicaid. .This week, one member of TSCL's Board of Trustees – Legislative Liaison Joe Kluck – visited Capitol Hill to advocate for legislation that would strengthen and improve the Social Security and Medicare programs. The following key issues were discussed in several meetings with Members of Congress and congressional staff this week: .Do you think Social Security's funding should be strengthened? Consider attending a local town hall in your area. Sign up to ask questions, or approach a staffer of your Member of Congress to relay your ideas. Together, we can make the case that better retirement security can't be achieved through cutting the benefits that more than 61 million people depend on, but rather by everyone paying their fair share during their working years. … Continued

This week, lawmakers remained in their home states and districts for the two-week spring recess. .Repealing Obamacare would affect several people that I know, including my sister who is getting treated for cancer. She can't afford to lose her insurance and we both are very stressed about what could happen. I'm wondering about Members of Congress. What sort of health insurance do they get? Who pays for their health insurance? .(Washington, DC) – Seventy-eight percent of retirees think Congress should cap what Medicare beneficiaries must spend out-of-pocket on prescription drugs, according to new survey by The Senior Citizens League (TSCL). Unlike other types of insurance, Medicare Part D has no annual out-of-pocket maximum. This leaves the sickest retirees spending hundreds, or even thousands, of dollars in pharmacy costs for prescription medications every year. .Lawmakers from both the House and Senate remained in their home states and districts for the last week of the month-long August recess. They are expected to return to Washington on September 5th, where they will face many important challenges including lifting the debt ceiling and passing a spending bill to continue funding the government. .The estimate of the COLA is updated every month, with the release of new CPI data, so our COLA estimates can change from month to month during the year. Based on the data through August we estimate that the 2022 COLA will be 6% to 6.1%. The actual COLA for 2022 will be announced October 13, 2021. .Still, COLA cuts remain a key proposal of major debt reduction plans. In his budget last year, President Obama proposed changing the way COLAs are calculated by using a more slowly-growing measure of inflation, known as the "chained" CPI. "If our nation is going to correct income inequality, it should start with payroll taxes," Cates says. "Under current law, millionaires pay no Social Security taxes at all on earnings over 7,000, while average workers pay Social Security taxes on every dime they earn," Cates points out. "Cutting the benefits of financially vulnerable seniors and others can't be justified when millionaires are getting a multibillion dollar tax break," Cates asserts. "TSCL urges President Obama NOT to use Social Security COLAs to cut the debt," he adds. .Here are some important tips to get you started: .So, before these invaluable vaccines hit the market, we should talk about an actual price. Otherwise, we will be stuck paying dearly for shots that the rest of the world will get for much less. .If adopted, the Social Security Administration Fairness Act would accomplish the following: