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  • Social Security Medicare Questions March 2015

    Watch the latest video at video.foxbusiness.com .In the weeks ahead, TSCL will continue to advocate for tax reforms that would benefit the financial security of older Americans, and we will post updates on the movement of the Ways and Means Committee's bill here in the Legislative News section of our website. For more information on TSCL's tax reform recommendations, click HERE. .Benefit Bulletin: September 2021 Most Look Forward to Boost; Low-Income Retirees Worry Benefits Could be Trimmed … Continued

  • H R 275 Medicare Prescription Drug Price Negotiation Act

    Does Medicare provide coverage for eye care services or eyeglasses? .Republicans dominated Tuesday's mid-term elections, gaining control of the Senate and picking up twelve additional seats in the House, making it their largest majority in decades. Both chambers of Congress will be controlled by the party for the first time in eight years, and the dynamic on Capitol Hill will certainly be different come January. .Your total earnings, including your earnings now until you stop working. … Continued

Medicare Advantage plans contract with Medicare to provide all basic Medicare services, and plans receive monthly lump sum payments that cover expected costs for an average Medicare beneficiary. But officials have known for years that some Medicare Advantage plans overbill the government by exaggerating how sick their patients are, or by charging Medicare for treating serious medical conditions that they cannot prove that patients have. Audits of 37 health plans revealed that, on average, auditors could confirm only 60% of the more than 20,000 medical conditions that CMS paid plans to treat. .(Washington, DC) – A budget proposal to switch to an alternate consumer price index, for calculating the annual Social Security cost – of - living - adjustment (COLA) is a bad deal for older and disabled Americans, says The Senior Citizens League (TSCL). The proposed "chained" consumer price index (CPI) would grow even more slowly than the conventional one that is currently used to determine the annual COLA. .Lawmaker Sponsors Honesty in CPI Reporting Act .Members of Congress returned to their home states and districts this week for a holiday recess that will last for two weeks. Members of the House are expected to return to Washington on Tuesday, April 9th, and Members of the Senate are expected to return on Monday, April 8th. Budget negotiations will likely resume at that time, as President Obama is slated to release his own plan for 2014 on April 8th. .Several lawmakers at Tuesday's hearing promoted legislation they introduced this year to combat rising costs. Senator Al Franken (MN) asked his fellow committee members to support his Improving Access to Affordable Prescription Drugs Act (S. 771), which would take comprehensive steps to reform the prescription drug industry. In addition, Senator Bernie Sanders (VT) urged those on the committee to cosponsor his bipartisan Affordable and Safe Prescription Drug Importation Act (S. 469), which would allow individuals and pharmacies to import prescription drugs from approved pharmacies in Canada. .Put your mother's apartment on the market and work to sell it. This means giving it a thorough cleaning, a fresh coat of paint if needed, and minor repairs. .Pressure politicians. "Candidates who don't take a stand on Social Security in this important election year choose to put the program's strength at risk in the long-term," AARP CEO Jo Ann Jenkins said in a statement. "Though people of all ages rely on it, its importance to older Americans — already under tremendous pressure from wage stagnation and shrinking pensions — is only likely to grow." .For example, those living in North Carolina's 3rd congressional district received emails introducing them to Congressman Walter Jones, sponsor of the Social Security Guarantee Act, and consistent supporter of important bills like the Notch Fairness Act and the Social Security Fairness Act. Those living in Oregon's 4th district received emails introducing Congressman Peter DeFazio, sponsor of three critical bills: the CPI-E Act, the Social Security Protection and Truth in Budgeting Act, and the No Loopholes in Social Security Taxes Act. These and other campaign efforts proved to be successful, as many critical lawmakers won their re-election bids and will continue to advocate for seniors in the next session of Congress. .According to the study, the Social Security Cost-of-Living Adjustment (COLA) has increased benefits just 38% since 2000, while typical senior expenses have jumped 81 percent, more than twice as much. Seniors with average Social Security benefits in 2000 received about 6 per month, a figure that rose to ,129.80 by 201However, those seniors would require a Social Security benefit of ,477.00 per month in 2013 just to maintain their 2000 level of buying power.