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  • Social Security Medicare Questions February 2014

    He announced that he would meet with the drug companies to discuss his plan, but top company executives subsequently refused to meet with him. The drug companies did develop their own proposal but it was rejected by the President. .Resource: Essential Retirement Planning for Solo Agers, A retirement and aging roadmap for single and childless adults, Sara Zeff Geber, PhD .And, there's more! "The Best Ways to Save" has helped hundreds of thousands of seniors live better in retirement with valuable tips for getting the most out of Social Security and Medicare benefits and stretching retirement income. To request your free special issue send for postage and handling to: The Senior Citizens League, ATTN: BWTS, 1001 N. Fairfax St., 101, Alexandria, VA 2231Or visit TSCL on the web at . … Continued

  • Category Issues Medicare Part D Articles Page 2

    My prescription for Lantus and blood pressure medicine has skyrocketed recently. When I called Humana, they said they are dealing with Covid-19, and costs have increased. The new price is at a level that makes it impossible for me to afford the medicine I need. I don't know what to do now. Any help is appreciated. — Robert N. FL .We know that other prevention steps help stop the spread of COVID-19, and that these steps are still important, even as vaccines are being distributed. .Using statistical data from the Social Security Administration, TSCL estimates about 88 percent of Social Security beneficiaries have received benefits during the 2009 – 2015 period and have been impacted the hardest. "With 64 percent of older Americans depending on Social Security for over half of their income, going without a COLA is a loss of income that most beneficiaries simply can't be expected to bear," Cates says. Spiking medical costs are causing retirees to go into debt, and run through their savings," he adds. … Continued

Until then, TSCL will continue to monitor the movement of President Obama's immigration orders closely, since they could significantly affect the Social Security and Medicare programs if implemented. We will post updates here in the Legislative News section of our website. .Millions of middle-class Americans face a looming retirement crisis as a result of growing wealth inequality. Middle class wages have declined and the minimum wage has lost more than 30% of its value since 196Today, most Americans have less than ,000 in savings, and only one out of five workers has a traditional defined benefit pension with guaranteed income in retirement. .Proponents of the measure, which include some Democrats, say that addressing the projected shortfalls now would prevent draconian cuts or tax hikes later. The legislation would create congressional panels mandated to draft bipartisan legislation that restores solvency of the trust funds, and the bills would receive fast-track consideration in each chamber. .Last Friday, lawmakers in the House and Senate adjourned for a week-long recess. They are expected to return to Capitol Hill on Monday, May 9th. In the meantime, many Members of Congress will be attending local events and holding town hall meetings, presenting constituents with an excellent opportunity to have their most pressing questions answered. .Sources: "Choices for Debt Reduction," The Congressional Budget Office, November 2012. .The House passed H.R. 1868 by a vote of 246-175 on March 19, with 29 Republicans voting in favor of the bill. ."If you want to save money on health and prescription drug plans, it's more important than ever to compare and switch now during the fall Medicare Open Enrollment period which ends December 7th," Cates says. Free, unbiased, one – on – one counseling is available through State Health Insurance Assistance Programs (SHIP), many of which operate through local agencies on aging. .It would eliminate two waiting periods that approved DI recipients must endure. Under current law, approved DI beneficiaries must wait five months to begin receiving monthly benefits, and two years to begin receiving Medicare coverage. .Because Medicare is such a crucial program, most members of Congress usually stumble over themselves to protect it. However, if the situation ever presents itself, they will use threats to Medicare to bash the other party.