News
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Press Release New Tax Law Social Security
If signed into law, S. 960 would base Social Security cost-of-living adjustments on the Consumer Price Index for Elderly Consumers (CPI-E) and gradually phase out the cap on income subject to the payroll tax. .This week, four new cosponsors signed on to Rep. Schwartz's (PA-13) Medicare Physician Payment Innovation Act (H.R. 5707), bringing the total up to eighteen. The new cosponsors are: Reps. Ed Perlmutter (CO-7), Gerald Connolly (VA-11), Mazie Hirono (HI-2), and Paul Tonko (NY-21). .TSCL's Board of Trustees on Capitol Hill … Continued
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Democratic Majority Divisions Put Medicare Changes At Risk
The government has made it much easier to drop out of an older supplemental Medigap plan and join a new Medicare Advantage plan than the other way around. In fact, if you drop your older supplement, you may not be able to get it back again should you discover your new plan is not what you thought it would be. Failure to read the fine print can expose you to thousands of dollars in unexpected out-of-pocket costs should you require even just a few days of hospitalization or have a health condition that requires multiple visits to the doctor and lab services. .We are still learning how vaccines will affect the spread of COVID-1After you've been fully vaccinated against COVID-19, you should keep taking precautions in public places like wearing a mask, staying 6 feet apart from others, and avoiding crowds and poorly ventilated spaces until we know more. .Lowering drug prices is one of the highest priorities of TSCL and we will be working very hard to get legislation passed this year. … Continued
Congress Still Can't Get Its Work Done .In addition, the Social Security 2100 Act would improve the program's solvency by applying the payroll tax to income over 0,000 and by gradually increasing the payroll tax rate from 6.2 percent to 7.4 percent – an extra fifty cents per week for the average worker. These two modest changes would ensure that the Social Security program remains solvent through the year 2100 and beyond. .First, re-shop your Medicare prescription drug coverage every fall during Open Enrollment season -- and the same goes for Medicare Advantage if you're in one of these plans. Insurance companies often change their offerings year-to-year in ways that can increase drug costs by hundreds of dollars, or make it more difficult to get certain drugs. At the same time, your drug needs may have changed since the last plan selection period in ways that make a plan less beneficial for you. .TSCL opposes these cuts for a number of reasons. Medical practices in particular have been hurt by the pandemic and should not have to face lower Medicare reimbursements. .How can I get in contact with Medicare? .Senate Committees Question OMB Nominee .The potential cost of illegal immigration on federal benefit programs is for now still flying under the radar as political candidates vie for votes. Latinos are becoming a key electorate group. In 2010, The National Council of La Raza estimated that 20 million Latinos were eligible to vote in the 2010 elections — representing the fastest electorate growth rate of any group in the U.S. .How Much Should You Spend on Vet Care for Your Pets? .Proponents say that the change is needed because the CPI is inaccurate and doesn't reflect the effect on inflation when consumers substitute different types of lower-costing goods and services as prices increase. They argue that the government overpays Social Security beneficiaries because the current index is inaccurate and overstates inflation.