News

  • Legislative Update Week Ending March 10 2017

    New Legislation to Stop Looming Cuts to Medicare Urgently Needed .Alexandria, VHow much will the Social Security cost – of – living adjustment (COLA) boost your benefits? "Probably not enough to prevent a loss of benefit buying power," says Ed Cates, Chairman of The Senior Citizens League (TSCL). The Social Security Administration recently announced that beneficiaries would receive a 1.7 percent COLA effective January 2015, making the sixth consecutive year of exceptionally low growth in benefits. With the average Social Security payment hovering around ,200 per month, the COLA would boost benefits by around .00. .The increased amounts are phased out for incomes over 0,000 for married couples filing jointly and qualifying widows or widowers, 2,500 for heads of household, and ,000 for all other taxpayers. … Continued

  • April 2012 Pr Newswire

    Several lawmakers at Tuesday's hearing promoted legislation they introduced this year to combat rising costs. Senator Al Franken (MN) asked his fellow committee members to support his Improving Access to Affordable Prescription Drugs Act (S. 771), which would take comprehensive steps to reform the prescription drug industry. In addition, Senator Bernie Sanders (VT) urged those on the committee to cosponsor his bipartisan Affordable and Safe Prescription Drug Importation Act (S. 469), which would allow individuals and pharmacies to import prescription drugs from approved pharmacies in Canada. .Is the annual amount of coverage capped? Dental plans often cover only a certain amount of dental services, up to a cap such as 0 to ,500 per year. The cost of preventive services such as cleanings and X-rays is generally not subtracted from the maximum, but it's important that you find out. If you think you will be needing pricey services soon, then look for the plan that offers the highest amount of coverage at the lowest cost. .On Tuesday, Senators on the influential Finance Committee held a hearing titled "Examining the Proposed Medicare Part B Drug Demonstration." Dr. Patrick Conway testified before the full committee on the status of the controversial demonstration program, which was proposed by CMS earlier this year and has not yet been implemented. The program will test new payment strategies for hospitals and physicians who administer prescription drugs to Medicare beneficiaries receiving outpatient care. It is a new attempt by the Obama Administration to move away from a medical system that rewards volume of care and towards one that values high-quality care. … Continued

Paula's total premium costs came to 2.90 per month for the rest of 2007 rather than 0 per month, a savings of .10 per month in premiums alone. In addition, because she found a more appropriate drug plan, she will save an estimated additional .25 per month in drug costs in 2007. .PhRMA, the drug industry's lobbying group, called the bill "the wrong approach to lowering prescription drug prices" and said it "imposes harmful price controls in Medicare Part D." But with drug prices for many brand and specialty drugs running into the hundreds and even thousands of dollars for a single fill, TSCL believes that restricting the rate of increase on prescription drugs, and capping out-of-pocket costs, could help save lives and improve the health of older Americans. .The CARES Act provides employers with incentives to retain workers on the payroll through a tax credit. In addition, employers are allowed to defer the employer portion of payroll taxes for 2020, with the taxes due in two equal installments by December 31, 2021, and December 31, 2022. .A new online survey by The Senior Citizens League (TSCL) finds that older Americans overwhelmingly want Congress to take action to lower the cost of prescription drugs by reducing Medicare Part D's out-of-pocket spending requirements. Fifty-six percent of participants in the survey indicate that they spend more than 2 a year on prescription drugs. About one-out-of-five retirees spends more than 0 per month on prescription medications. .For each visitor to our website, The Senior Citizens League collects only the domain name and aggregate information on what pages are visited. This information is used to help improve the content and ease of use of our website. .In addition, one new cosponsor – Rep. Diane Black (TN-6) – signed on to the No Social Security for Illegal Immigrants Act (H.R. 1716). The total is now at twenty-seven. If signed into law, H.R. 1716 would prohibit unauthorized workers from receiving Social Security benefits based on work done while in the country illegally, using stolen, fake, or fraudulent Social Security Numbers. TSCL believes it would protect the integrity of the program while preventing an unnecessary and unspecified strain on the Social Security Trust Funds. .The age at which you should start Medicare Part B is still 6Failure to enroll on time can expose you to permanent delayed enrollment penalties, not only for Medicare Part B (doctors and outpatient services) but also for Part D (prescription drug coverage). These penalties which can add 10% - 12% per year respectively to your Part B and Part D premiums for every year you miss enrollment deadlines, for the rest of the time you have Medicare. .Legislation before the House and Senate would repeal the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) so that public servants receive the Social Security benefits they have earned and deserve. Will you cosponsor the Social Security Fairness Act (S. 521, H.R. 141) when you return to Washington? .Will We Get A COLA in 2012?