News
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2021 Retirement Survey
Sources: "Under New Cost-Cutting Medicare Rule, Same Surgery, Same Place, Different Bill," Susan Jaffe, Kaiser Health News, March 23, 2021. .While the other two rulings went against the Trump Administration, this one was a win on a key piece of Trump's health-care agenda at the end of his administration. .But New Co-Pay "Tiers" May Raise Some Costs … Continued
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2013 Seniors Lose 31 Percent Of Their Buying Power Since 2000 2013 Annual Survey Of Senior Costs Finds Expenses Have Increased More Than Twice As Fast As Social Security Cola
Ask your doctor if you have alternate insulin options to control your blood glucose levels. Novolin may be one of them, and it may be less expensive, but it acts differently than Lantus. Ask your doctor if there are any dietitians working with the clinic who can help you reduce your reliance on Lantus and thus the quantity you need to use. Perhaps you can take a combination of Novolin and Lantus. .Get the Revised Retirement Newsletter .On the other hand, critics of the proposal argue that people can't always determine the timing of the application for Social Security benefits. They say that people are often forced to retire earlier than planned due to health problems, layoffs, new technology, or needing to care for one's parent or spouse. They argue that raising the age for full benefits results in reducing the early, age 62 benefit even more than it already is today. … Continued
"But the time is coming when the states and federal government will be under urgent pressure to cut Medicaid and Medicare costs," says TSCL Chairman, Larry Hyland. "TSCL is concerned that if states and the federal government don't design and implement the changes the right way, beneficiaries' may lose access to medically necessary care and quality." .There is a wide difference in what the White House and Democrats want to give states and localities, plus school funding, virus testing, and other issues. The difference between Democrats' .5 trillion aid package and Republicans' trillion appeared unbridgeable. Treasury Secretary Steven Mnuchin rejected House Speaker Nancy Pelosi's offer of a compromise .4 trillion. As a result, President Trump on Saturday signed what have been largely referred to in the popular press as four executive orders dealing with the issues that had been under discussion. However, it turns out that is not exactly what happened. .The majority of seniors aged 65 who get Social Security depend on it for at least 50 percent of their income. Average benefits today only total about ,200 a year. .Planning healthcare costs is extremely important, but not an easy task. According to the Kaiser Family Foundation, healthcare expenses, on average, accounted for nearly 15 percent of Medicare household budgets in 200But even if you're in good health today, you're not out of the woods. The amount you spend on healthcare not only grows every year, but your need for more healthcare services increases with age. .TSCL believes that Congress should strengthen Social Security's protections by enacting legislation to prohibit the use of unauthorized earnings from being counted toward eligibility for Social Security benefits, "a change that should be made regardless of the outcome of the Supreme Court decision or whether Congress moves on immigration or Social Security reform," Cates says. .The sharp drop in benefits was unexpectedly steep and unduly harsh for those born from 1917 through 192According to economist Haldi, the decline in average benefit payments "was a highly unusual phenomenon, because benefits normally would be expected to increase slightly from one year to the next for people similarly situated. (7)" .For more than three decades the government has quietly made numerous changes to how the cost of living is defined and measured — asserting that the changes make the CPI more accurate. The general public for the most part is unaware of the changes, and more importantly the financial impact on benefits has never been publically disclosed. .TSCL believes that the Supplemental Poverty Measure is a more fair and appropriate measure of poverty today. We encourage you to ask Congressional candidates where they stand on programs to reduce poverty affecting older Americans. .For progress updates or for more information about these and other bills that would strengthen the Social Security and Medicare programs, visit the Bill Tracking section of our website or follow TSCL on Twitter.
