News
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The Senior Citizens League Legislative Update
The TSCL legislative team continues to work diligently to promote the issues affecting our members. While much of this week's success was focused on current bills, our team also strives to stay on top of forth-coming legislation yet to be formally introduced. The work of our committed legislative team enables TSCL to keep capable eyes and ears on Congress' inner-workings to better represent the concerns of our valued members. .One further reason for the growth is undoubtedly the growth in the primary beneficiary rolls, upon which the benefits of ANP dependents and survivors are based. According to the Inspector General, older non-citizens workers are now at the age and have worked in this country long enough to be potentially eligible to file claims for retirement or disability. The Inspector General has also said that those who worked using invalid, or non-work Social Security numbers issued prior to January 1, 2004, did not need valid work authorization in order to file a claim. Under current law the Social Security Administration uses all earnings, including those for illegal work, to determine entitlement to benefits. .This week, The Senior Citizens League was pleased to see support grow for three bipartisan bills that would improve the Medicare program and reduce prescription drug prices. … Continued
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Legislative Update Week Ending July 10 2015
Only two weeks remain before the March 31st deadline, and at this point, it appears as though a temporary "doc fix" will be necessary. Sen. Hatch mentioned on Tuesday that lawmakers are currently considering a nine-month pay patch, which would mean that lawmakers wouldn't have to revisit the issue until after the November elections. Should lawmakers fail to reach an agreement on either a temporary or a permanent solution, doctors who treat Medicare patients will see a 24 percent pay cut, which would negatively impact seniors' access to quality medical care. .When the Office of Inspector General matched the 6.5 million Social Security numbers against the Social Security Administrations file, it found 67,000 of the numbers were used to report wages for people other than the cardholders, a sign the numbers were used for illegal work. According to the Associated Press, one Social Security number was used 613 different times. An additional 194 numbers were used at least 50 times each. .The massive effort is needed to change how 59 million people enrolled in Medicare are identified. Historically the red, white, and blue Medicare cards have used the beneficiaries' Social Security number for the Medicare ID number. Unsurprisingly those numbers are a prime target for identity theft and fraud. The new cards come with a unique computer-generated series of 11 letters and numbers. … Continued
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. .TSCL is also concerned about the debt limit because in prior debates to lift the ceiling, Social Security benefits have been used as a bargaining chip, and retirees have seen unexpected benefit cuts. For example, in 2015, following the passage of the Bipartisan Budget Act, millions of seniors already eligible for Social Security benefits learned a popular claiming method called "file and suspend" would no longer be available to them. The unexpected change received no public debate, it went into effect almost immediately, and it hit seniors who were just months away from retirement. .Social Security's Disability Insurance program is littered with waste. Last year, for example, .8 billion in overpayments were made to those collecting disability benefits. In addition, the administration has allowed an enormous backlog to accumulate for Continuing Disability Reviews, which are conducted to determine whether a beneficiary has recovered enough to return to work. Currently, every dollar spent reviewing cases yields more than ten dollars in savings; if the backlog were eliminated, more than billion in savings would be returned to the Trust Fund. The potential savings from eliminating waste within Social Security are enormous and could cover the cost of the Notch Fairness Act. Second, Congress could increase the amount of income subject to the Social Security payroll tax – an option that sixty-seven percent of TSCL members strongly supported in this year's Senior Survey. Currently, yearly income earned above 0,100 is not subject to the payroll tax. .For more information about the Social Security Administration Fairness Act, visit the Bill Tracking section of our website. For updates on the administration's progress, follow The Senior Citizens League on Twitter. .Congress was out of session this week because of the Presidents' Day holiday. Nearly all of those up for re-election (all of the House of Representatives and one-third of the Senate) were back in their home states and districts, most likely meeting with constituents and/or raising money for their campaigns. So although there was not a lot of news coming out of Congress, news was being made by the Trump administration. .How is Social Security different from a Ponzi scheme? Interestingly, the Social Security website has a research note comparing the two. Charles Ponzi became infamous in 1920 when he used the money he received from later investors to pay extravagant rates of return to early investors to entice more people to invest in his phony investment scheme. This only works when there's an ever-increasing number of new investors coming into the scheme. Eventually the scheme runs out of new investors and collapses, taking everyone's money with it. .We are raising our 6-year-old grandson under permanent court ordered guardianship to age 1However, we are not allowed an additional Social Security benefit for this child unless we adopt him. Seems unfair since we have the same responsibility to support him.. Frequently Asked Question: July 2021 Does Congress Plan to Fix An Impending Social Security Cut? .You make an excellent point! The Senior Citizens League (TSCL) uses the most recent data for the consumer price index for urban wage earners and clerical workers (CPI-W), the index that is used to calculate the annual Social Security cost of living adjustment (COLA). New data is released monthly from the Bureau of Labor Statistics. .While the Social Security Trustees project that the program will remain solvent until 2033 and that the Medicare Trust Fund will be solvent until 2024, both programs are currently paying out more than received in cash revenues. Because the federal budget is in deficit, the government is borrowing the money to pay benefits. The cost of interest payments is increasing as a portion of the federal budget. The question is how long can the government continue to borrow the money.