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  • Category Issues Soical Security Notch Articles Page 3

    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. .Although law forbids work without authorization, immigrants use invalid SSNs to get jobs. When employers provide W2s in which the name and SSN do not match those in the SSA's records, the wage report is held in the Earnings Suspense File (ESF) until the discrepancy can be corrected, according to the Social Security Administration's Office of the Inspector General. This can occur even years later when a claim is filed for benefits. .Lawmaker Sponsors Honesty in CPI Reporting Act … Continued

  • Category Legislative News Page 37

    How You Can Get Help With Heating Costs .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. .According to TSCL studies, Social Security benefits have lost more than 31% of their buying power since 2000. "Yet the vast majority of seniors can't absorb any loss in buying power," Cates says. According to the Social Security Administration, 53% of senior households depend on Social Security for more than half of their income. The median income of seniors aged 65 and older is just ,757 – only 220% above the federal poverty level for an individual. … Continued

The "lame duck" session of Congress began this week, and leaders in the House and Senate are hard at work on an omnibus measure that would fund the federal government through the remainder of the fiscal year. Passing an omnibus in December, according to House Appropriations Committee Chairman Harold Rogers (KY-5), would allow the new Congress to "get old business behind [it] and start off with a clean slate in January." .Repurpose "heirlooms in time." If you have boxes of "almost antiques" hidden away in antiques or basements pick out a few to repurpose for a second time around. Restring those old broken beads, cut apart shrunken felted sweaters and sew into new tote bags for the market. Drill holes in into old loose-leaf tea cans and plant some thyme, rosemary or a small parsley plant for a sunny windowsill. A great place to get inspiration is www.Pintrest.com. .How Can We Cope With Debt In Retirement? .Senate Committee Discusses Social Security Benefit Maximization .We worked with members of Congress who supported ending the practice, although we were unable to get legislation passed. One of our key allies in the fight was Sen. Lamar Alexander (R- Tenn.). He was a champion of our cause but, unfortunately, he is retiring at the end of this year. We will certainly miss his leadership on the issue but we pledge to continue to fight to end the practice in 2021. .Unless something is done, TSCL calculates there may be no COLA for next year. .President Trump also said this last weekend that over the next 2 weeks he will pursue an executive order requiring health insurers to cover pre-existing conditions. "We will be pursuing a major executive order" on pre-existing conditions, Trump said during a news conference in N.J. .TSCL offers its supporters an unconditional refund of their most recent donation if they are dissatisfied with our position or performance. .To remedy this problem, TSCL supports Social Security "caregiving credits." These credits would be applied to a worker's Social Security earnings record to make up for years when people took time out of their working careers, and earned little or zero income, because they were caring for children, spouses, or older family members.