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  • Best Ways To Save Marchapril 2013 2

    Support Grows for Social Security Fairness Act .In a recent high profile Medicare fraud takedown, actor and entrepreneur Roberto F. Marrero, who played bits parts on Miami Vice, America's Most Wanted, and Unsolved Mysteries, was arrested for massive Medicare fraud. Marrero, who became a Medicare-licensed healthcare provider in 2007, is accused of submitting million in bogus bills for supplying purported home healthcare services for diabetic patients. . Mary: How does "anchoring" impact our decision-making? … Continued

  • Congressional Corner Protecting Expanding Retirement Security Youve Earned

    The situation that we all are in is precarious, and that includes the worldwide supply chain for prescription drugs. (More on that in a minute.) You need immediate help and here's a check list of what I suggest you try: .The Preserve Access to Affordable Generics and Biosimilars Act (S. 64), also introduced by Senators Grassley and Klobuchar, would prohibit anti-competitive pay-for-delay deals that keep much cheaper generic and biosimilar medicines off the market. .Social Security's combined Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI) Trust Funds will be fully funded until 203At that point, if nothing is done by Congress, Social Security will still have the funds to pay out 79 percent of scheduled benefits using tax revenues. The Trustees also estimated that Medicare's Hospital Insurance (HI) Trust Fund will be fully funded until 2026, at which point the program will still be able to pay out 88 percent of scheduled benefits using tax revenues. … Continued

According to The Senior Citizens League's research, Social Security benefits have lost 34 percent of their purchasing power since 2000 due in large part to inadequate cost-of-living adjustments (COLAs) and rising health care costs. .Although the President did not offer specific policy recommendations, he did renew his commitment to lowering prescription drugs costs. He said: "One of my greatest priorities is to reduce the price of prescription drugs. In many other countries, these drugs cost far less than what we pay in the United States. That is why I have directed my Administration to make fixing the injustice of high drug prices one of our top priorities. Prices will come down." .The Senior Citizens League (TSCL) urges its members and supporters to make the most of the August recess by attending town hall meetings. For more information, or to see if your Members of Congress will be holding town halls in the coming days, call their local offices. .However, taking this action would cause at least two difficulties for the President. Signing legislation to reduce Medicare spending on the drugs would generate official budget savings that Congress could have applied to other health-care legislation -- bills to expand insurance coverage or reduce other drug spending, for example. Executive action taken before a bill's passage would remove a key bargaining chip, and likely reduce the scope of a health-care bill expected in the coming months. .This week, lawmakers returned to Capitol Hill and resumed work on a stopgap funding measure for fiscal year 2015, which begins on October 1st. In addition, The Senior Citizens League (TSCL) saw support grow for three key bills. .Can You Tell Me How Recent Law Changes Affect RMDs From My 401(k)? .We are happy to see that the Trump administration is preparing an executive order that would require certain essential drugs and medical treatments for a variety of conditions be made in the U.S. The order comes in light of drug and device shortages during the pandemic. .The Senior Citizens League (TSCL) relies on donations from supporters to carry out its mission on behalf of senior citizens and retirees. The organization does not receive any government funding. .This year, we challenged our members to be more vocal than ever about their Social Security and Medicare concerns, and our expectations were surpassed to say the least! Our members signed an unprecedented 1,504,372 petitions, and in April, we boxed them up, trekked to Capitol Hill, and delivered them by hand to the offices of each Representative and Senator in the U.S. Congress.