News

  • Q A October 2019

    In the Senate, Finance Committee Chairman Chuck Grassley (IA) has also prioritized this critical issue. His first hearing as chairman was titled "Drug Pricing in AmericA Prescription for Change" and, in his opening statement, he vowed to get to the bottom of the growing problem. Following that hearing in January, Chairman Grassley called upon seven of the most profitable pharmaceutical companies to testify before the committee, saying: "Patients and taxpayers deserve to hear from leaders in the industry about what's behind this unsustainable trend." .Social Security Notch Reform – Work towards benefit equality for Notch victims. .The new low comes as COLAs have flat-lined over the past seven years, averaging just 1.2% — less than half the 3% average over the two decades prior to 20The long-term financial impact on anticipated retirement benefits is significant and growing, says TSCL's Executive Director, Shannon Benton. "People lose the effect of compounding when benefit raises are at these extreme lows," she explains. "That reduces the Social Security income that retirees may have been counting on over their retirement." … Continued

  • Legislative Update Week Ending October 28 2016

    The Tax Cuts and Jobs Act would eliminate many important tax deductions that older Americans rely on to reduce their taxable retirement income and preserve their savings. Those include deductions for medical expenses, which can be considerable for retirees. The bill also eliminates the deduction for state and local income taxes, casualty loss expenses, such as fire, wind damage and theft, and imposes new limits for the mortgage interest deduction. "The loss of these exemptions would leave older Americans paying taxes on more retirement income and higher tax bills," Johnson says. .Allow states, wholesalers, and pharmacies to import FDA-approved drugs from foreign countries and sell them in the U.S. Trump has long complained that countries where the government sets the price of drugs are taking advantage of American consumers. The order includes a special provision to allow wholesalers and pharmacies to re-import insulin and biological drugs. .False and invalid Social Security numbers SSNs are supplied to employers virtually without any serious or immediate consequence. Illegal immigrants work using numbers belonging to another person, numbers that have been made up, by using "non-work" SSNs. Employers report the wages using these numbers or in some cases where no number exists, file the reports using a series of zeros in the SSN box (000-00-000).(7) In addition, immigrants who are in the U.S. illegally may work under one or more aliases. The unauthorized wages earned and reported under invalid SSNs represent a rapidly growing future benefit liability should Congress enact immigration reform that gives work authorization to immigrants working in this country illegally today. … Continued

TSCL is interested in hearing your comments on this issue, and whether you have ever been forced to use mandatory arbitration to resolve a disagreement. If so, did the outcome satisfy you? Please send us an email. .2014 Annual Survey of Senior Costs, Mary Johnson, The Senior Citizens League, March 2014. ."If you look at the science across all diseases, you see few outbreaks" on planes, Allen said. "It's not the hotbed of infectivity that people think it is." .Social Security and Medicare Public Trustees Recommend Raising Eligibility Age and Benefit Formula Changes .For progress updates or for more information about these and other bills that would strengthen Social Security and Medicare programs, visit the our website at , follow TSCL on Twitter or Facebook. .In the weeks ahead, TSCL will keep a close eye on the issue, and we will advocate for solutions that will improve access without jeopardizing online security. For progress updates, visit the Legislative News section of our website or follow us on Twitter. .Eliminating the tax on Social Security benefits that currently applies to individuals with incomes as low as ,000 and married couples with incomes less than ,000. .Visiting with an unvaccinated person who is at increased risk of severe illness or death from COVID-19 or who lives with a person at increased risk .My daughter's father-in-law lives with them and he looks really sick. I urged my daughter to take him to the doctor. My daughter tells me that she learned that he doesn't have Medicare Part B. He's 81 years old! After spending hours on the phone, she learned that he will have to pay an extra 0 per month for his Medicare Part B coverage, in addition to the 8.50 for 202Can this be correct? What can she do?