News
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Legislative Update Week Ending June 5 2015
Social Security and Medicare benefits are paid for through payroll tax deductions from workers and their employers. Even after starting to receive benefits, close to 56 percent of retirees continue to pay into the programs through income taxes on a portion of their Social Security benefits. Medicare beneficiaries also pay premiums for Part B doctors and hospital outpatient insurance. Both programs are relied upon by tens of millions of older Americans for income and healthcare benefits. "According to the most recent surveys by The Senior Citizens League the public wants their lawmakers to protect these programs, but not by cutting benefits." Johnson notes. .League believes that tax reform is an opportunity to bring greater equity to the funding going into Social Security and to ensure that everyone pays fairly. .As with the start of any new Congress, TSCL is encouraging Senators and Representatives to reintroduce and cosponsor key legislation for seniors, like the Consumer Price Index for Elderly Consumers Act, the Strengthening Social Security Act, the Notch Fairness Act, and the No Social Security for Illegal Immigrants Act. In addition, with comprehensive Medicare and Social Security reform on the minds of many deficit hawks, TSCL is working diligently to prevent harmful cuts that would affect your benefits. … Continued
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Q A April May 2020
In the 109th Congress, I co-sponsored legislation expressing CongressТ disapproval of the Totalization Agreement between the U.S. and Mexico because I believe it is imperative that we protect Social Security by preventing others from "gaming" the system. For this reason, I also co-sponsored the Illegal Immigration Enforcement and Social Security Protection Act of 2005, legislation aimed at cracking down on Social Security fraud. .Congressional leaders have already given up on the idea of fully funding the government for the entire 2022 fiscal year and instead the current plan is to pass a "continuing resolution" (CR) that will fund the government at current levels until December The idea is to give them more time to craft the legislation needed to fully fund the new fiscal year. .Wages were lower than expected and initial retirement benefits for Notch Babies were calculated on lower average earnings. Thus, benefits were lower than anticipated. In addition, inflation grew at double-digit rates over the same period, yet the new benefit formula failed to fully account for inflation for many Notch Babies, especially those who delayed their retirements (5). … Continued
On Monday, an executive order from President Obama went into effect requiring all federal agencies – including the Social Security Administration (SSA) – to add an additional security measure to all online accounts that contain sensitive personal information. Under the new policy, Social Security beneficiaries must provide a text-enabled cellphone number when logging in to their online accounts. The two-step authorization process requires them to enter a temporary security code sent to them via text message before they can access their online information. .How frequently is this test recommended for a person of my age and medical history? .This week, one new cosponsor – Rep. Dennis Ross (FL-15) – signed on to the No Social Security for Illegal Immigrants Act (H.R. 2745), bringing the total up to thirty-two. If signed into law, the bill would prevent Social Security credits from being earned by work done illegally. Currently, those who receive work authorization may file a claim for Social Security benefits based on all earnings – even earnings from jobs where they used stolen, invalid, or fraudulent Social Security numbers. To protect the integrity of the Social Security program, TSCL believes this practice must be put to an end. .Near the end of this past November President Trump issued two rules aimed at lowering prescription drug prices that affect Medicare beneficiaries. The rules followed up on executive orders that Trump signed in July. .If signed into law, the Medicare Physician Payment Innovation Act would repeal the sustainable growth rate (SGR) formula for physician reimbursements, and it would set up a five-year trial period during which the Centers for Medicare and Medicaid Services would test and evaluate new payment and delivery models. TSCL strongly believes that the SGR formula breeds uncertainty in the Medicare program for both physicians and beneficiaries. Many doctors have stopped accepting Medicare patients, and many more are threatening to do so if a permanent solution is not established soon. We believe that Rep. Schwartz's bill would bring increased stability to the Medicare program, and we were pleased to see four new cosponsors announce their support for it this week. .The Senior Citizens League enthusiastically supports the four bills mentioned above, and we were pleased to see support grow for them this week. For more information about these and other bills that have been backed by The Senior Citizens League, visit the Bill Tracking section of our website. .This legislation will also create "Social Security Administration Senior Centers" as pilot projects in 10 SSA field offices that will work to streamline the application and delivery processes of federal, state and local programs that serve low-income elderly or disabled individuals. .To put the problem of Medicare's cost growth into perspective, the following table illustrates what common food items would cost in 2014, if they had increased as rapidly as Medicare Part B premiums. To give a fuller picture, this table spans a 3year period, the length many Baby Boomers can expect to live in retirement. Medicare Part B premiums are twelve times higher today than 34 years ago in 1980. .On Thursday, The Senior Citizens League estimated that Social Security beneficiaries will receive a 2.8 percent cost-of-living adjustment (COLA) in 2019, based on consumer price index (CPI) data through August. The official 2019 Social Security COLA will be announced next week – on Thursday, October 11th – following the release of the September CPI data.