News

  • Ask The Advisor January 2011 Advisor

    If you delay starting benefits, past your full retirement age, your benefit will grow by 8% of the full retirement benefit amount per year until age 70, at which point your benefit would be about ,50To learn more about your Social Security benefits, and to get estimates visit the Social Security Administration's website at www.SSA.gov. .Capping the Part D out-of-pocket spending requirement is a key provision of the bi-partisan Senate drug bill, "Prescription Drug Pricing Reduction Act of 2019" (S.2543). "Several of the provisions of this bill appear to have broad support with Medicare beneficiaries," notes Mary Johnson, a Medicare and Social Security policy analyst for The Senior Citizens League. The new survey found widespread support among survey participants for capping Medicare Part D out-of-pocket requirements at no more than 0 per month (,000) per year. About 36 percent of survey participants reported spending up to 0 per month on prescriptions in 2019, and another 21 percent spent more than that. .Under the cuts, House members have seen 948 fewer salaried positions in their offices. The 2012 budget calls for an additional 6.4 percent reduction and more cuts to Congressional staffs and office supplies. … Continued

  • Legislative Update For Week Ending September 6 2013

    TSCL is very disappointed to hear President Trump continue to demand a payroll tax cut before he will agree to any new legislation dealing with the effects of the pandemic emergency. .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. .When he issued the orders President Trump gave the drug industry until Aug. 24 to find a suitable alternative to one of his drug pricing plans. He also announced that he would be meeting with drug company executives last Tuesday to begin discussions about a different plan. … Continued

To help older Americans withstand the financial impacts of the COVID-19 pandemic, and provide more adequate retirement benefits, The Senior Citizens League supports legislation that would provide a boost in Social Security benefits for all retirees, and would tie annual cost of living adjustments to a more representative seniors' consumer price index, the Consumer Price Index for the Elderly (CPI-E). To learn more about efforts to strengthen Social Security benefits, visit . .(Washington, DC) – New consumer price index data through August confirm that Medicare Part B premiums will spike next year due to an extremely low cost – of – living adjustment (COLA), according to a new estimate by The Senior Citizens League (TSCL). "Low or no COLAs not only affect Social Security benefits, the amount of the annual boost also affects the amount of Medicare Part B premium people will pay in 2017," says Jessie Gibbons, TSCL's Senior Policy Analyst. "For nearly one out of three beneficiaries, Medicare Part B premiums could increase more than 22%," Gibbons says. ."The idea that we would allow ourselves to be held hostage in an emergency is mind-boggling," said David Mitchell, head of Patients for Affordable Drugs, an advocacy group. .First, one new cosponsor – Representative David Cicilline (RI-1) – signed on to the Protecting and Preserving Social Security Act (H.R. 3302), bringing the total up to twelve. If adopted, H.R. 3302 would improve the Social Security cost-of-living adjustment (COLA) by basing it on the Consumer Price Index for the Elderly (CPI-E). It would cover the cost of this change and improve the solvency of the Trust Funds by ensuring that high income earners pay their fair share of taxes into the program. .Earlier this year, I introduced the Today's American Dream Act (H.R. 1084) to ensure that mature workers can get those new skills and get back to work. This bill contains two key provisions. The first creates and expands computer skill and resume writing job-training programs, exclusively for workers over the age of 5The second adds greater flexibility to existing programs so they can better target and serve mature workers who have unique skill gaps and needs, often because of family commitments. .Democrats have delayed the start of the program in part because of its cost and an agreement to limit the overall spending in the Biden budget bill to .5 trillion. There is some talk on Capitol Hill of offering seniors limited vouchers to use toward dental benefits before 2028 as a compromise. .Lawmakers from both the House and Senate remained in their home states and districts this week to continue the month-long August recess. They are expected to return to Washington on September 5th, following the Labor Day holiday. .House Adjourns for Five-Week Summer Recess .Prescription Drug Re-Importation – Making safe, secure re-importation a reality.