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Category Issues Cola Articles Page 11
Social Security Reform – Extending the program's solvency without enacting harmful cuts. .Despite all the tragedy and difficulty coming out of the pandemic emergency there is a little good news, in our opinion. The spread of the coronavirus has reignited the push in Congress to expand domestic manufacturing of drugs, and renewed concerns the U.S. relies too much on foreign medicine makers. As we have been seeing, the need for medications can be urgent during a pandemic and lawmakers on both sides of the aisle have raised alarms about possible shortages. .I care deeply about guaranteeing that all Americans have access to food, regardless of their income. That is why I introduced this bill. … Continued
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Congressional Corner By Representative Fred Upton Mi 6
Starting a new medication can sometimes take you by surprise when drug plans don't cover the drug or charge higher co-pays than you can afford. If you're having trouble covering the cost of your medicine, here are some things to try: .Immigration Reform .Source: The Full Retirement Age is Increasing, Social Security Administration, July 23, 20http://www.socialsecurity.gov/pubs/ageincrease.htm … Continued
So, what should those who have received the Covid-19 vaccines do now? .TSCL supports legislation that would get rid of the taxable wage cap and require all workers to pay their fair share into Social Security. .When a Senate vote is tied, the Vice President, who the Constitution designates as the President of the Senate, can cast the tie-breaking vote, which is exactly what happened. .If adopted, his bill would: provide beneficiaries with a 2 percent boost in benefits, improve the adequacy of the Social Security cost-of-living adjustment (COLA) by basing it on the Consumer Price Index for the Elderly (CPI-E), create a new minimum benefit set at 125 percent of the poverty line, and cut taxes for millions of seniors who pay taxes on a portion of their Social Security benefits. The bill would also extend the solvency of the Trust Funds by applying the payroll tax to income over 0,000 and gradually increase the payroll tax rate from 6.2 percent to 7.4 percent. .Eyeglasses, however, are not covered. If you are having difficulty affording a pair of glasses from brick and mortar stores, you may want to try shopping online. Zenni optical.com has eyeglasses starting as low as .95 for basic frames. Costco the wholesale club has high ratings for their optical section. According to Consumer Reports, the median price for a complete pair of eyeglasses, frames and lenses at Costco Optical is 4, the cost of membership not included. .The Effect of Economic Conditions Was Not Foreseen, and Therefore Could Not Have Been Intended by Congress .When asked what portion of Social Security benefits retirees spent on healthcare here's how survey participants responded: .A husband's death can mean enormous financial hardship for women. Under current law it generally means a big drop in Social Security income, going from two Social Security payments each month to just one. When the husband passes away, the widow gets a benefit that's 100% the amount the deceased spouse was entitled to, if higher than her own retirement benefit. For example, if the couple received a combined benefit of ,400 per month, and the husband's benefit is ,600, then the widow would just get the ,600 and lose her own 0 per month in benefits. .TSCL believes that the extreme cost increases are putting Medicare beneficiaries and funding for Part D at risk. "Medicare must be given the authority to negotiate pharmaceutical prices with manufacturers for covered Part D drugs," says Cates. How are rising healthcare costs affecting you? TSCL wants to hear from you, visit .
