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  • Social Security Benefits Lose 33 Of Buying Power

    Congressional Recess Comes to a Close .Of particular importance is the portion of income that seniors and the disabled must spend on each particular category. Under the CPI-W, out-of-pocket medical costs are weighted or assumed to account for only 5.6% of total expenditures. National surveys indicate that Medicare beneficiaries spend far more. The Kaiser Family Foundation reports that median out-of-pocket health care spending as a share of income for Medicare beneficiaries was about 16.2% by 2006. .SSA Rescinds New Online Security Policy … Continued

  • Hello World Feed

    How much are you spending on prescriptions? Be sure to take TSCL's 2019 Senior Survey and let us know. TSCL is working with Members of Congress to enact legislation that would allow Medicare to negotiate drug prices and supports bills that would cap or reduce out-of-pocket spending. .To learn more and to participate in TSCL surveys and polls, visit . .Ohio Sen. Sherrod Brown announced a consumer price index bill for elderly consumers on Wednesday. Under the Consumer Price Index for Elderly Consumers Act, the cost-of-living adjustment (COLA) would be amended to use a formula that reflects the spending patterns of seniors. The current index is based on the spending patterns of urban workers. … Continued

Because the economic fluctuations were highly unusual and unforeseen, logic dictates that Congress could not have intended the benefits that Notch Babies actually received. The disparities in benefits under the actual conditions of double-digit inflation are illustrated in the following chart, which was not developed until 199Even if Congress had developed this chart in 1977, however, they would have seen benefit differences of only 10%-14% shown on the left-hand side of the chart. Instead, the effects of inflation are reflected by benefit differences of 13% to 30% shown on the right. In effect, the actual benefit reductions for many retirees were more than double what original projections would have been at the time. .This week, the Centers for Medicare and Medicaid Services (CMS) announced its preliminary 2015 payment rate changes for the Medicare Advantage (MA) program. In addition, The Senior Citizens League (TSCL) saw two key bills gain support. .Homeowners: Are You Covered For The Next Disaster? Maybe Not .Higher long-term costs for Social Security and Medicare: According to the CBO, people approved for work authorization and Social Security numbers, through policies like Obama's executive action, would be eligible to receive Social Security and Medicare benefits on the basis of their work history. Neither program requires citizenship in order to file a claim. While taxes flowing into the program are estimated to boost the programs in the short term, the CBO noted that periods of unauthorized employment count toward eligibility for Social Security if individuals receive authorization to work. According to the CBO,"The ability or inability of a formerly unauthorized worker to apply those employment periods to future benefits would affect federal outlays for the program. In addition… people who previously paid Social Security taxes under a stolen or fake Social Security number might be able to claim benefits in the future…" .When Paula D. retired from her faculty position at a Virginia state community college and enrolled in Medicare at age 65, she qualified for supplemental Medicare coverage as a retiree benefit. Paula, like any other Medicare beneficiaries, still felt very confused about what to do. .Much of the debate over federal deficit reduction plans has been focused on overhauling Medicare and making changes to Social Security. But a major funding change is also under consideration for Medicaid, the federal and state program that covers medical care for lower-income individuals including seniors who also receive Medicare. As federal and state governments struggle to address Medicaid funding shortfalls, TSCL is concerned that Notch Babies, and the families who provide care for them, would be among those who would be hit the hardest by funding cuts. .During these meetings, the following issues were discussed: Social Security cost-of-living adjustments, Social Security Notch fairness, Social Security Totalization Agreement reform, and repeal of both the windfall elimination provision (WEP) and the government pension offset (GPO). Support was expressed for many of these key issues, and TSCL looks forward to working with these offices in the future. .The Senior Citizens League is opposed to any payroll tax cut which would remove the major portion of Medicare Part A hospital insurance funding. That's money today's beneficiaries paid into the system during their working careers, and the same funds are needed today to reimburse hospital services for today's patients. .This week, the Senate's Gang of Eight was busy defending its comprehensive immigration reform plan, and The Senior Citizens League (TSCL) saw two key bills gain support.