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  • Best Ways To Save February 2020

    Last fall, the Government Accountability Office uncovered .3 billion in improper payments from December 2010 to January 2013 made to people who had jobs when they were supposed to be unable to work. To be eligible for Social Security disability, beneficiaries must be unable to work due to a medical condition that's expected to last at least one year, or result in death. The list, however, includes murky afflictions like back pain, depression and other un-measurable afflictions, opening the system to fraud and abuse. .Most Americans contribute 6.2 percent of every paycheck to Social Security, but due to the payroll tax cap, people earning more than 8,400 contribute nothing over that amount. Eliminating the payroll tax cap would extend the solvency of the program responsibly, without cutting benefits for seniors. Do you agree? .While the Social Security Trustees project that the program will remain solvent until 2033 and that the Medicare Trust Fund will be solvent until 2024, both programs are currently paying out more than received in cash revenues. Because the federal budget is in deficit, the government is borrowing the money to pay benefits. The cost of interest payments is increasing as a portion of the federal budget. The question is how long can the government continue to borrow the money. … Continued

  • Hearings On The Hill 4 2

    There are reports that the Senate is now targeting roughly Dec. 18 as its adjournment date, and Senate Majority Leader Mitch McConnell (R-Ky.) is still looking to confirm judicial nominees this week while other members of the Senate work to find compromises on both the government funding legislation and a new coronavirus economic stimulus bill. .Key Bill Gains Cosponsor .Legislation to help state is urgently needed because some of them are already cutting Medicaid. States are required by law to balance their budgets and Medicaid is one of the largest items in the budgets of many states. And of course, cuts to Medicaid hurt some of the most vulnerable seniors as well as others who could not otherwise afford the health care they need. … Continued

By way of a quick explanation, except for special circumstances, any legislation that goes through Congress has to start in the committee of jurisdiction, meaning the committee that deals with legislation pertaining to a specific subject. In the case of prescription drug legislation, those committees are Finance, Health, Education, Labor and Pensions, and Appropriations. That's one of the reasons passing this legislation is so complicated. .The Additional Child Tax Credit currently amounts to ,000 per child and a filer can receive a refund even if no income tax was withheld or paid. According to the Treasury Inspector General, the average amount per return in 2010 was ,800, but 9,000 taxpayers claimed a total of ,000 or more by filing for previous year tax periods. The following table illustrates the huge growth in payments to illegals. .So far, many accomplishments have made the first session of the 113th Congress a memorable one for TSCL. To read more about our latest efforts, check out our Legislative Updates. .This week, one new cosponsor – Rep. John Sarbanes (MD-3) – signed on to the Protecting and Preserving Social Security Act (H.R. 1811), bringing the total up to eleven. If signed into law, H.R. 1811 would base Social Security cost-of-living adjustments (COLAs) on the Consumer Price Index for the Elderly (CPI-E) and it would gradually phase out the cap on income subject to the payroll tax. It would extend the program's solvency for decades into the future responsibly, without cutting benefits for seniors. .My mother has suffered a stroke and needs to move to an assisted living facilty. She is having problems qualifying for Medicaid. Her only asset is her small apartment that we are trying to sell, but it could take months in this market. Most of the nursing facilities require ,000 and more per month. Is there anything I can do to help her qualify sooner? .Alexandria, VA - August 11, 2012 -- Low-income seniors on Medicare who also receive Medicaid services should be vigilant in checking their health plans in the coming months. This advice comes from the Senior Citizens League (TSCL), one of the nation's largest nonpartisan seniors groups. Tests are underway in up to 26 states to move as many as 3 million "dual eligibles" — people who receive both Medicare and Medicaid — into managed-care health plans. The object is to improve healthcare and lower government spending. ."The Reality Behind Generic Drug Inflation," Express Scripts, December 30, 2014, http://lab.express-scripts.com/insights/drug-options/the-reality-behind-generic-drug-inflation. .It turns out that PhRMA "spreads that money around to political campaigns across the country as well as other trade groups like the American Action Network (AAN), a conservative dark money group that launched a million ad campaign to defeat the Democrats' H.R. 3 proposal, which would allow Medicare to negotiate lower prices for prescription drugs and cap out-of-pocket drug costs at ,000," again, according to the Salon.com report. .In addition, two new cosponsors – Sen. Tom Harkin (IA) and Rep. Michael Honda (CA-17) – signed on to the Protecting and Preserving Social Security Act (S. 308 and H.R. 649), bringing the total up to two in the Senate and twenty-six in the House. If signed into law, the bill would base the annual cost-of-living adjustment (COLA) upon the spending patterns of seniors, and it would gradually eliminate the cap on income subject to the payroll tax. It would reportedly add fifty years to the solvency of the Trust Fund, while also making the COLA more fair and accurate.