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  • Category Legislative News Page 59

    With only six weeks to go before the December 13th deadline, it remains to be seen which path the budget conference will take. Leaders of the conference announced on Wednesday that the next public meeting will be held on November 13th, but most of the work will likely occur behind closed doors in the coming weeks. Regardless, TSCL will continue to monitor the evolving budget negotiations, and we will post updates here in the Legislative News section of our website. .Sources: "Preliminary Estimate of the Budgetary Effects of Using the Chained CPI Starting in 2014," Congressional Budget Office, March 1, 2013. .There's no need for such radical changes to the system in order to preserve Social Security for future generations. The Social Security system can be made solvent for generations to come by adopting some of the relatively modest policy changes proposed by the Social Security Trustees. We certainly shouldn't undermine the entire Social Security program with some harebrained privatization scheme that bankrupts Social Security in the short run and offers no guarantee of decent benefits in the long run. … Continued

  • Best Ways To Save June 2014

    The Social Security hold harmless provision prevents reductions in net Social Security benefits, when the dollar amount of an individual's Medicare Part B increase is greater than the dollar amount of their COLA. In 2019, Barbara may finally see a small boost of about per month after the deduction for her Part B premiums. .Social Security is by far and away the nation's most successful and popular insurance program. .What strategies are key to better managing healthcare costs in retirement? … Continued

This week, The Senior Citizens League was pleased to see support grow for two key bills that would improve the Social Security and Medicare programs if adopted. .This week, action on Capitol Hill remained slow as the fall recess continued. .Includes new and stronger penalties for Social Security fraud by attorneys, physicians, and others who receive fees for advising disability applicants. .How have you been affected by high Medicare Part B premium increases? To participate in a survey, visit The Senior Citizens League's website at . .If he proceeds, Trump would force drug companies to accept lower payments from Medicare for treatments administered in doctors' offices. The rule would apply to certain drugs bought by the "Part B" section of Medicare. .Regrettably, this uncertainty persists during the on-going deficit reduction discussions. Those who received services paid for by Medicare will not be affected by the automatic budget cuts due to the failure of the Joint Select Committee on Deficit Reduction to reach a compromise. Nevertheless, I am concerned that providers are not also shielded from those cuts. That is why I am co-sponsoring H.R. 3519, legislation to protect Medicare providers from the 2 percent cuts that were part of the Budget Control Act of 2011. .Medicare Advantage plans require very careful scrutiny of potential costs. Some plans have lured seniors with low premiums and deductibles, only for enrollees to discover high undisclosed costs later. .Determining when to move to a senior living facility is a complicated decision — making process that involves being able to think dispassionately and realistically about long-term needs. That's a tall order for anybody. It often means talking to others, getting outside opinions, and help from professionals. .Get unbiased counseling. NEVER, EVER drop your Medicare supplemental or switch Medicare Advantage plans based solely on the sales pitch of an insurance agent! This is especially true if the agent is trying to pitch you from a table set up in a discount store, or pharmacy window. DO NOT do business at all with anyone who calls on the phone or knocks on your door, regardless of who they say they are. There have been very widespread reports of con artists who tell seniors they are calling from Medicare or Social Security. You have no safe way of confirming who they are. Don't respond. Hang up and keep your doors locked!