News
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Why Isnt There Any Cola Next Year When Medicare Costs Are Spiking
The 2100 Act, if signed into law, would increase Social Security benefits by 2 percent, cut taxes for over 11 million seniors, increase the minimum benefit to 125 percent of the poverty line, and make COLAs more fair and accurate. It would also take measures to increase the solvency of the trust fund beyond the next seventy-five years, through the year 2100. .We can no longer kick the can down the road." .Should lawmakers fail to reach an agreement before midnight on Friday, April 28th, a federal government shutdown will occur. TSCL hopes that Congress will avert a shutdown since Social Security and Medicare beneficiaries would see negative impacts if one were to occur. We will be monitoring the negotiations closely in the coming hours and days and will post progress updates on Twitter. … Continued
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Congressional Corner Lets Reduce Barriers Long Term Care
The Center for Disease Control (CDC), one of the major operating components of the U.S. Department of Health and Human Services, has put out new guidance for those Americans who have been fully vaccinated from Covid-19. .For tax year 2021, families claiming the Child Tax Credit will receive up to ,000 per qualifying child between the ages of 6 and 17 at the end of 202Under prior law, the amount of the credit was up to ,000 per qualifying child under the age of 17 at the end of the year. .TSCL strongly supports adequate administrative budgets for SSA, and we hope that Congress will act with the best interest of seniors in mind when making funding decisions in the weeks ahead. We will follow the appropriations process closely in the coming weeks, and we will post updates here in the Legislative News section of our website. … Continued
Officials working on the plan have not yet settled on many of its details. The Trump administration first proposed the approach in 201Three officials familiar with the matter said it remains under consideration and has not been ruled out, despite Trump's endorsement for the Grassley-Wyden bill. .Questions To Ask The Candidates At Your Next Town Hall .As a proud affiliate of TREThe Enlisted Association, and because many of TSCL supporters are military retirees we keep a close eye on the health benefits of military retirees. .Did your husband work in 2020? If his earnings averaged more than ,260 per month, he generally would not be considered disabled. .Social Security Cost-of-Living Adjustment – Ensure a fair, accurate, and guaranteed COLA. .Sixty – seven percent of seniors participating in the survey said they already spend up to one-third of their Social Security benefits on Medicare costs. Another 21 percent said they spent up to one-half. "Because healthcare costs are rising more rapidly than Social Security benefits, spending on Medicare takes an increasing share of senior income as seniors age," says Cates. .On Thursday evening, lawmakers in the House and Senate voted to pass a continuing resolution (CR) that will fund the federal government until Friday, December 22nd. TSCL is pleased that lawmakers successfully averted a government shutdown since failing to do so could have impacted the timely delivery of Social Security benefits. Physicians and other medical providers also could have seen delays in their reimbursements from the Medicare program if the federal government had shut down. .Visiting with an unvaccinated person who is at increased risk of severe illness or death from COVID-19 or who lives with a person at increased risk .Five Bills Gain Support