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The plan would affect both current and future Medicare beneficiaries by carving Medicare into two systems. People who already receive Medicare would continue under the current system. People who turn 65 by 2021 would receive a voucher to purchase private insurance..Medicare pays nothing at all for long-term care, and provides only.So far activists, including TSCL's members and supporters, have managed to keep Capitol Hill lawmakers wary of making major changes. But the issue isn't going away any time soon. The nation will once again reach the federal debt limit by the end of next year, and at the same time, lawmakers will be confronted with the looming insolvency of the Social Security Disability program. Deficit reduction battles are likely to dominate the Congressional agenda once again, and cutting COLAs remains the target of major deficit reduction plans..If passed, the CPI-E Act would base Social Security cost of living adjustments on a consumer price index determined by the spending habits of elderly workers instead of the current formula geared toward younger members of the workforce..He had demanded a payroll tax cut previously this year. Thankfully, Congress did not go along with him when it passed the previous legislation meant to deal with the coronavirus pandemic and the ailing economy that resulted.."Under current Social Security law, that is all that's required to later claim benefits," Hyland explains. "To file a claim, individuals must have a work-authorized Social Security number, and would become vested for benefits with ten years of earnings," Hyland says. "The oldest of those who are eligible for the deferred action could feasibly have worked illegally long enough to already be vested for Social Security - even for disability benefits," Hyland notes. This would add to the program's solvency problems since the Congressional Budget Office and Social Security Trustees have estimated that the Social Security disability trust fund will be fully insolvent by 2016..COLA Fairness - TSCL strongly believes that the Social Security cost-of-living-adjustment that seniors are currently receiving does not accurately reflect how they must spend their money. Our studies and surveys indicate that the current COLA is growing too slowly and does not accurately measure inflation experienced by seniors. The COLA is based on a consumer price index that reflects how young urban workers tend to spend their money. Older Americans spend a disproportionate share of their household budget on health care. Since health care costs continue to rise so quickly and since most health care spending cannot be substituted out for something cheaper TSCL believes that seniors would be better served if their COLA was based upon a consumer price index for elderly consumers, the CPI-E. Current COLA efforts.Update No. 2 on Discount Drug Card."At the same time Social Security payroll taxes have taken a huge hit due to tens of millions of people out of work, claims for Social Security will grow faster in 2020 than anticipated, as older adults lose their jobs," says Johnson. Before the start of the coronavirus recession, many older workers may have delayed claiming Social Security to allow their benefits to grow. "But those who lose their jobs may have to go ahead and claim Social Security benefits now because they can't afford to wait - especially if their retirement accounts have gone down significantly in value as well," Johnson says.