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  • Category Legislative News Page 59

    In June, the Medicare trustees estimated that Part B premiums will rise only .50 in 2019, from 4 to 5.50. However, according to a recent survey conducted by The Senior Citizens League, roughly 25 percent of all Medicare beneficiaries are currently paying less than 4 per month due to a special "hold harmless" provision of law. Their Part B premium hikes will be much larger than .50, offsetting a larger portion of the 2019 COLA. .Four cosponsors signed on to the Social Security Fairness Act this week. Two Representatives – Ben Chandler (KY-6) and Mike Quigley (IL-5) – signed on to Rep. Buck McKeon's H.R. 1332, and two Senators – Sherrod Brown (OH) and Frank Lautenberg (NJ) – signed on to Sen. John Kerry's S. 20The cosponsor totals for these bills are up to 149 and 9, respectively. .He gradually gained backing from more of his fellow Republicans in the Senate, often persuading them one-by-one to make shows of support since last summer. Democrats in the Senate were essential to getting the legislation even out of the Finance Committee, which approved it with the support of 13 Democrats and six Republicans in July 2019. … Continued

  • Legislative Update Week Ending January 20 2017

    Are you the parent or spouse of someone with special needs? Permanent life insurance can make sure a child or spouse will have financial support when you are gone. .Fortunately, there are other bills in Congress that TSCL supports to lower the amount of money seniors must pay for their prescription drugs which we believe have a much better chance of passing and we will keep fighting for them. .Rick has served the last seven years as a member of the TREA National Board of Directors. First, as Director for 3 years, then elected and served two terms as National President and then two years as Immediate Past National President. Prior to serving on the National Board of Directors from 2009-2014 he served on several National Committees. During his tenure on TREA's Board of Directors, he chaired the Legislative Affairs, Information Technology, Convention, 5-Year Plan, Awards committees, and chaired the Past National Presidents Council. … Continued

And the American government has no effective way to fight back. .The Social Security Administration recently announced that the annual cost-of-living adjustment (COLA) will raise benefits by 2.8% for 201The average retirement benefit of ,400 will increase by .20 per month, to ,439.20. The Medicare Part B premium increase for 2019 will be 5.50 per month — just .50 per month more than the 4 in 201The COLA, the highest in 7 years, and a low Medicare Part B premium increase, should mean most retirees can finally expect a modest boost in net Social Security benefits. .New Legislation Would Combat Scams Against Seniors' Investments .Demographics dictate that Medicare spending will climb in the future as more people become eligible and enroll, and as aging increases the need for more healthcare services. Cutting the growth of Medicare spending without cutting access to affordable care for seniors will be a monumental challenge for Congress. TSCL believes a great deal more can be done to find savings by making the system more efficient and to clamp down on fraud, waste and abuse. .And it will not feel like a bargain if we get free or cheap vaccines during a pandemic but pay dearly for annual COVID-19 shots thereafter. .On the other hand, Bloomberg News has reported that, "The White House is backing away from a plan to send 0 prescription drug discount cards to American seniors before Election Day after widespread criticism the effort could violate election laws. .Elder abuse affects an estimated 14.1 percent of all non-institutionalized older adults each year, and for every case reported, another twenty-three cases go unnoticed. It is a serious and ongoing problem that Congress must tackle as soon as possible in order to ensure the retirement security of seniors. .To date the government has no comprehensive estimate of the costs of such policies on the Social Security Trust Fund, or the cost of benefits based on illegal work. Nevertheless, Congress is studying a number of changes to Social Security that would cut the benefits of both future and current U.S. senior citizen beneficiaries who worked and paid into Social Security legally. .The SNAP Simplification for the Elderly Act (H.R. 4521) gained one new cosponsor in Representative Tulsi Gabbard (HI-02), bringing the new cosponsor total up to 20. If enacted, H.R. 4521 would streamline the application process for senior citizens to receive help from the Supplemental Nutrition Assistance Program (SNAP). The bill would also encourage collaboration between local Social Security offices and the SNAP programs to help seniors at risk of hunger enroll in both benefits simultaneously.