While restricting a potential Part B spike in any given year is good news for beneficiaries, the problem itself isn't going away any time soon. "Unless Congress acts to boost Social Security benefits and finds a better way to adjust benefits for growing Medicare costs, this problem will continue occur with greater frequently in the future," says Johnson. "This approach of imposing future premium repayments doesn't fix the problem - it's like a payday loan. It just makes the premiums grow faster later, and the problem is triggered again the next time when COLAs are extremely low," Johnson says. The Senior Citizens League is working to get legislation introduced that would provide an emergency COLA of 3 percent in 202To learn more, visit..Is Dental Insurance Worth The Money?.TSCL believes that the Medicare prescription drug benefit law is flawed, and will be carefully monitoring the effects of both the short-term Medicare drug cards, and the Medicare Drug Benefit plan in Medicare Part D as it traverses through the donut hole for many seniors. TSCL considers it necessary to compile feedback on the measure of success or failure of the program and its donut hole phase..President Obama and House leadership are discussing support of a more "limited approach" to immigration reform. Under discussion is a plan to grant illegal immigrants limited legal status by providing the right to work in the U.S., but not citizenship..In a way that's not news. You already knew prices had been going up and so did we at TSCL. But it's nice to have the facts to back us up..Just years before they retired these individuals learned they would have significantly lower benefits than they expected because of amendments to the Social Security Act that were signed into law in 1977 and which have compounded over time..The groups that have begun lobbying the administration include large hospital systems and health insurers, major trade associations, air ambulance companies and private equity-backed physician staffing firms..Take a Monthly Poll!.Addressing prescription drug prices is also one of my top priorities as Chairman of the House Committee on Oversight and Reform. The Committee launched a comprehensive investigation of the prescription drug industry's pricing practices in January of this year, focusing on the drugs that are the costliest to Medicare. In January I convened the Committee's first hearing of the 116th Congress on this topic, inviting AARP's National Volunteer President to testify about the challenges seniors face in affording their drugs.

Inpatient Hospital Services Other Than In An Institution For Mental Diseases

When you claim benefits before reaching full retirement age, benefits are reduced by as much as 30%. But only one - in - three people even know their full retirement age - the age at which you can claim full, unreduced benefits. It's not surprising that most people claim benefits at 62, even though benefits are reduced. Eligibility to begin benefits at age 62 is the one piece of information about Social Security that most people know..job..In 2017, the Social Security retirement and disability trust funds are due to receive an estimated billion in "interest payments" on those I.O.U.s. Because that money is not real cash, it must be borrowed, setting up a fractious debate in Congress - between those who say that benefits must be cut to make the program more sustainable, and others who say that Social Security payroll taxes are not equitable because the highest paid workers are not paying their fair share of taxes. … Continued

Legislators Staff

TSCL will keep a close eye on the fiscal 2016 budget resolution as it moves through the Senate in the coming days, and we will continue to voice our concerns about cuts to the Medicare program that would result in higher costs for beneficiaries. For updates on its movement, visit our new Facebook page..Federal Court Halts Implementation of Immigration Orders.This week, two new cosponsors Reps. David Cicilline and Steve Cohen signed on to the SAVE Benefits Act, which was recently introduced by Rep. Alan Grayson in the House. If signed into law, the bill would give Social Security beneficiaries a 3.9 percent COLA next year instead of the zero COLA they are expected to receive. It would cover the cost of the emergency COLA and extend the solvency of the Trust Funds by closing a loophole that allows corporations to deduct bonuses for CEOs from their taxes. … Continued

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