News
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Ask The Advisor July 2011 Advisor Feed
Why Can't Legal Guardians Receive Social Security Benefits on Behalf of Grandchild? .In an interview this week, Rep. Charles Boustany (LA-3), who sits on the House Ways and Means Committee, revealed that the negotiators have hit a road block. They are struggling to come up with an offset for the bill, which could cost as much as 3.2 billion. Rep. Boustany said, "We're running out of time. We may end up with another one-year patch before it's all over. But, you know, we'll keep working, see if we can get to something." TSCL sincerely hopes that those on the three committees will successfully merge their bills to create a permanent, sustainable path forward. We will keep a close eye on the evolving negotiations in the coming weeks, and we will continue to urge lawmakers to repeal and replace the SGR. .When you get your new card, you may begin using it at once. But if you forget to bring it with you to your next doctor's visit your doctor's office should be able to use your old card until December 31, 2019. … Continued
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Legislative Update Week Ending August 12 2016
That is why we are letting you know that the American Medical Association said this week that neither doctors nor the general public should use coronavirus antibody tests to determine whether someone is protected from the pathogen. .Another Broken Obamacare Promise – This One Hits Medicare .In April, lawmakers on the Republican Study Committee proposed a budget blueprint that would reform the Medicare program and cut Social Security benefits by adopting the "chained" CPI, eliminating the COLA for some seniors, and raising the eligibility age. Did you support this dramatic budget blueprint, and if so, why? … Continued
At Tuesday's committee meeting, Ways and Means Chairman Paul Ryan (WI-1) referred to the board as "unelected bureaucrats that could cut Medicare's payments to doctors and essentially ration care." TSCL shares these concerns about the IPAB – we fear its recommendations could result in increased costs for beneficiaries or decreased access to quality medical care. .According to studies performed for TSCL, many Notch Babies, particularly those who rely on Social Security for most, if not all, of their income, are at risk for living near or below the federal poverty level. For example, Notch Babies who retired in 1984 at age 65 with average benefits of 0 per month, would receive about ,839 this year. In the 48 contiguous states and Washington DC, that's only 8% above the federal poverty guidelines and qualifies for various assistance programs. .Alexandria, VMore than 62.5 million seniors, as well as recipients of other federal benefits, may be at high risk of not receiving any cost-of-living adjustment (COLA) next year, according to a new forecast from The Senior Citizens League (TSCL), a nonpartisan seniors organization. Based on the government's most recent inflation data over the past 12 months, growth in the consumer price index is so low that, should the trend continue through the third quarter of the year, inflation would be about 2% lower than the same period last year. "That would mean no COLA would be payable in 2015," says TSCL Chairman, Ed Cates. "Although a lot can happen between now and then," Cates notes, "TSCL anticipates that the buying power of benefits will be impacted." .But if mature workers are not working and earning, they can't make critical life investments in themselves, their families, and their futures. .Earnings may cause your Social Security benefits to be subject to taxation. A portion of your Social Security benefits may be taxable if your income is over certain thresholds —,000 and up (individuals) or ,000 and up (couples filing jointly). .TSCL's legislative agenda for the next two years includes the following issues, among others: .However, one week ago a federal judge in California issued a ruling stopping the implementation of the rule because of the "government's failure to complete the notice and comment procedures required by the Administrative Procedure Act." .How Can We Cope With Debt In Retirement? .This week, Members of Congress remained in their home states and districts to continue the seven-week summer recess. They are expected to return to Capitol Hill on Tuesday, September 6th. In the meantime, most Members of Congress will be holding town hall meetings in their home states and districts. TSCL encourages its members and supporters to attend these events and to voice their concerns about important Social Security and Medicare issues.
