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  • Best Ways To Save Aprilmay 2013

    The Part B and Part D deductible period starts on January 1 of each year and ends on December 3If you were healthy during the year, but require doctor's services in November for the first time and the charge is 0, then you (or possibly your supplemental insurance plan) will have to pay that charge. If you don't see the doctor again until January, you start a whole new deductible period. If he charges you 0 again, then you or your insurer will pay the 0 again. .In coming years, growing program cost pressures could mean that some illegals may benefit from the use of invalid and fraudulent Social Security numbers at the expense of others who worked and paid into the system legally. TSCL's new 2014 Senior Survey found that 87 percent of respondents favor prohibiting payment of Social Security benefits calculated on earnings from unauthorized work by illegal immigrants. TSCL supports legislation that would prohibit earnings under invalid and fraudulent Social Security numbers from use in determining entitlement to Social Security benefits. .Your Survey Responses are Helping to Change Attitudes About Social Security … Continued

  • Update For Week Ending September 11 2021

    "Switching to the chained CPI would have a long-term impact on the ability of Social Security COLAs to prevent an erosion in the buying power of benefits," states TSCL Social Security policy analyst Mary Johnson. "The index, known as the Chained Consumer Price Index for all urban consumers (C-CPI-U), would reduce benefits by roughly 7 percent over a 30 - year retirement," Johnson stated in an analysis prepared for TSCL. .In Washington, my priority is helping improve the lives of the American people, and that includes addressing our nation's retirement system to ensure it serves our seniors more effectively. One way Congress did this was by passing the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 201This bill, which passed with my support, will streamline and update our nation's retirement system in several ways, including removing the age limitation on IRA contributions, increasing access to retirement plans by allowing small businesses to join together to offer plans, and allowing penalty-free distributions from a retirement account for the birth or adoption of a child. This legislation isn't perfect, but it is a step forward, and I am glad the SECURE Act was passed into law at the end of 201While approximately half of American households still don't have an option for work-based retirement plans, as a nation we must continue to work to advance access to retirement savings vehicles and decrease barriers to entry for small employers who want to offer savings plans to their employees. .The Senior Citizens League endorses legislation introduced by Representative Ted Deutch (FL-22) that would exempt Social Security, Medicare and Medicaid from any federal balanced budget requirement. "We believe that a constitutional amendment is not needed to address the problems these programs face," Johnson says. "What we do need is strong program financing to ensure retirement and healthcare benefits for all." What do you think? Take The Senior Citizens League's 2018 Senior Survey at . … Continued

Senate Minority Leader Harry Reid (NV) told reporters on Wednesday, "The CR is not done; it's a work in progress … This isn't going to be wrapped up in the next couple hours, that's for sure." In addition, Senator John Thune (SD) said, "I think [Majority Leader McConnell's] goal all along has been to try and get something considered by the end of this week, to try and wrap things up. But I'll just tell you, my own view is that, based on past experience, I don't think we'll get there this week. I think this probably spills into next week." . The situation that we all are in is precarious, and that includes the worldwide supply chain for prescription drugs. (More on that in a minute.) You need immediate help and here's a check list of what I suggest you try: .This week, lawmakers in the House and Senate adjourned for a week-long recess. In addition, The Senior Citizens League saw three key Social Security and Medicare bills gain support in the House. .The number of Medicare patients in observation stays has jumped 69% in the past five years, according to federal records. They are also staying in the hospital longer. Even though Medicare recommends that hospitals decide within 24 to 48 hours whether to admit or discharge patients, the number of observation stays exceeding 24 hours have nearly doubled. .TSCL is highly concerned that the projected decline in Social Security revenues, along with the expected .5 trillion drop in general revenues caused by recent tax cuts, will create growing pressures to cut federal spending on benefits. The most frequently discussed changes include raising the eligibility age for benefits, imposing means testing, and slowing the growth of the annual cost-of-living adjustment (COLA) by tying the annual boost to the more slowly-growing chained consumer price index. .While disability benefits may pay slightly more than early retirement benefits at age 63, starting the disability application and determination process is an arduous, bureaucratic procedure that can take a long time before benefits actually start — sometimes years. Many people find they must hire an attorney. According to data from the Social Security Administration, only one quarter of applicants are determined eligible for disability benefits the first time they apply. Filing an appeal has about 49% chance of succeeding, but the process can result in long waiting periods to be found eligible for benefits, which often takes more than two years. By the time your husband might be found eligible for disability benefits, he may only receive them for a year or two before he would age into his full retirement benefit. .The CBO also notes that increasing the payroll tax rate or subjecting more earnings to the payroll tax could improve Social Security's financing. .The order is a direct response to the President's efforts to greenlight the importation of drugs from Canada. .Although some people argue that the Congressional investigation against AARP was politically motivated, there is no escaping the fact that AARP's revenues from royalties – mostly from insurance sales – are more than two and half times higher than its membership dues (as of 2009).