The rapid growth in Medicare Part B costs is consuming an increasing share of beneficiaries' income. What proposals do you support to slow the growth in the out-of-pocket costs?.As we said, TSCL is supportive of intentions of these, and other efforts on the part of both parties to lower prescription drug prices. However, we also have our own concerns..President Obama Releases Budget Blueprint.2017 TSCL Senior Survey, "5th Annual Consumer Survey on Social Security," Nationwide Retirement Institute, April 201"25% of High Earners Have a Huge Misunderstanding About Social Security," Retire With Money newsletter, Elizabeth O'Brien, Time.com, Money, April 25, 2018..The President describe this last order as the "granddaddy" of the four orders, but he also promised to drop the plan if the drug companies can come up with a better one within the next month..Barbara has a number of ways she tries to cope. She qualifies for an age reduction waiver on real estate taxes, and energy assistance to help cover the cost of heating her home. To save on her phone bill, she asked her phone company for a discount and got it. She uses shopping points from Kroger where she buys groceries to save money on gasoline..In most years, seniors receive a small increase in their Social Security checks, intended to help them keep up with rising costs. But since 2000, the Social Security Cost-of-Living Adjustment has increased benefits just 38 percent while typical senior expenses have jumped 81 percent, more than twice as fast. Inflation has been at historic lows in recent years and seniors received a 1.7 percent COLA this year..My Medigap premium is more than 0 per month. I'm paying 4.60 for Medicare Part B and per month for a Part D plan. I've learned there's a Medicare Advantage plan in my area that only charges a premium of a month, and that includes Part D and some vision benefits. I'm 7Is it a good idea to try Medicare Advantage?.Call Social Security at for more information about your Medicare eligibility and to sign up for Part A and/or Part B. You can also apply at /retirement. You can get free personalized heath insurance counseling from your State Health Insurance Assistance Program. Many of these programs operate through area agencies on aging. Check your local phone book or call the Eldercare Locator to find help in your community.

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The Social Security COLA was intended to protect the buying power of older Americans who for the most part, are no longer in the workforce. The majority of retirees depend on Social Security for at least half of their income, meaning that Social Security benefits tend to be spent immediately on essentials like housing, food and healthcare returning billions of dollars to the U.S. economy every year..Want to read more about rising costs? See, The Costs That Are Rising the Fastest for Older Americans, By Doug Whiteman, MoneyWise.com..Our nation is in a hyper-partisan period as the November elections approach. In this environment it becomes tricky when reporting about issues that affect you and other TSCL supporters because the issues are so often intertwined with politics. … Continued

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Upon introducing the bill, Rep. Schiff said, "We must work to ensure that public employees, just like retirees who have private pensions, receive the full Social Security benefits to which they are entitled. We have a responsibility to our educators, police officers, and fire fighters to act now to repeal these inequitable provisions, and ensure that hard work for the public good is justly compensated, even in retirement.".Congress Adjourns for Summer Recess.Permanent Cuts to Payroll Tax would Devastate Social Security/Medicare … Continued

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