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  • Social Security Benefits Increase By Just 1 6 In 2020

    In addition, the AHCA would repeal a tax created by the ACA that serves as a critical funding stream for Medicare's Hospital Insurance Trust Fund. Cutting the tax would accelerate the insolvency of the Medicare Part A Trust Fund, and in a matter of a few years, it would become exhausted. In a Washington Post opinion piece, former Acting Administrator of the Centers for Medicare and Medicaid Services (CMS) Andy Slavitt wrote, "That's clearly no accident: The program would wind up right where ‘entitlement hawks' such as House Speaker Paul D Ryan (R-Wis.) want it – in crisis. If this bill became law, the speaker would finally be positioned to change Medicare to a voucher program." .Still, COLA cuts remain a key proposal of major debt reduction plans. In his budget last year, President Obama proposed changing the way COLAs are calculated by using a more slowly-growing measure of inflation, known as the "chained" CPI. "If our nation is going to correct income inequality, it should start with payroll taxes," Cates says. "Under current law, millionaires pay no Social Security taxes at all on earnings over 7,000, while average workers pay Social Security taxes on every dime they earn," Cates points out. "Cutting the benefits of financially vulnerable seniors and others can't be justified when millionaires are getting a multibillion dollar tax break," Cates asserts. "TSCL urges President Obama NOT to use Social Security COLAs to cut the debt," he adds. .Your cost-of-living adjustment (COLA) "overpays" you. Yes, that is an outrageous statement — especially since you haven't gotten a COLA boost for two years. Nevertheless, calling it "The Moment of Truth Project," that's what the President's Fiscal Commission is saying in making the case for the government to switch to a more slowly- growing "chained" Consumer Price Index (CPI). … Continued

  • Best Ways Save July 2015

    Early data show that the vaccines may help keep people from spreading COVID-19, but we are learning more as more people get vaccinated. .Assuming you might need 9 (100/ml of Lantus) every 90 days, here's how the Medicare Drug Plan Finder shows typical costs: Please note this example is from the state of Virginia, and costs vary somewhat depending on where you may live. .These attacks on the safety and security of seniors in our communities are unacceptable but, unfortunately, they aren't new. Before the pandemic, scams targeting the elders in our community were already on the rise. At a town hall I held in Los Angeles in early 2018, I heard multiple stories from relatives of seniors in our community who had been targeted by scams. … Continued

We will be watching all of the candidates closely as we approach the November elections. Seniors are not being over-paid by Social Security and are not under-paying for Medicare. Getting Congress to pass a fair COLA that reflects the true cost of living for Seniors' remain one of our top priorities and we will keep you informed about what the candidates say about the Social Security and Medicare issue and details on their platforms are released. .The vast majority of illegal immigrants come to this country for jobs. To obtain one, they need documentation to show an employer. There's a huge underground business in the manufacture and distribution of phony or even stolen Social Security numbers (SSNs). According to media reports, counterfeit SSNs and papers can be purchased on the streets for under ,000. .Background Information: Once Congress returns from the August recess, they will only have until September 30th to raise the debt ceiling and prevent the government from shutting down. In the past, government shutdowns have meant a delay in payments for Social Security benefits, causing unnecessary fiscal hardship for many seniors. Question: What are you doing to ensure the government avoids defaulting on the federal debt? .TSCL agrees that the IPAB should be repealed before it is triggered to begin making cost-cutting recommendations to Congress. Even though the Affordable Care Act forbids the board from "rationing" care, cutting Medicare benefits, or increasing premiums, TSCL is concerned that cuts to providers could result in increased costs for beneficiaries or decreased access to quality medical care. .According to a report from Kaiser Health News, the skepticism is "Because whether it's sharing the credit for a legislative victory with the other party or running afoul of the powerful pharmaceutical lobby, neither Democrats nor Republicans are sure the benefits are worth the risks, according to several of those familiar with the debate on Capitol Hill. .Will Our New Congress Pass a Benefit Boost? .While the House of Representatives has passed legislation (H.R. 1868) to stop those cuts, the Senate has been a question mark. .The drugs that would be affected by any Trump action are among the costliest taken by Americans. They include innovative therapies for cancer, immune disease and other disorders. The industry says that Part B pharmaceutical spending makes up just 3% of overall Medicare costs. .Is Social Security A Ponzi Scheme? How Much In Social Security Income Can I Expect To Get?