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Consider this, 5 per month is about one quarter of the average ,523 per month Social Security benefit in 202About one third of those participating in our 2020 Senior Survey indicated they spent that much on their total healthcare costs. Another 31% said they spend more than ,000 a month on total healthcare costs - roughly two-thirds of the average Social Security benefit! These findings are particularly troubling considering that the Government Accountability Office estimated in 2019 that almost half of households with people aged 55 and older have no retirement savings or other form of pension outside of Social Security..The Biden administration is treating the first weeks of the program as a dry run to test if the federal pharmacy program will work before scaling it up, according to one source familiar with planning discussions..Sen. Mark Begich introduced S. 896 on May 8, 201It has since been referred to the Committee on Finance..Leadership Elections Kick Off "Lame Duck" Session.Homeowners and renter's insurance: With severe weather-related disasters, homeowner's insurance is one of the top ten fastest rising senior costs. If you haven't done so recently, review your coverage and determine whether it's based on the current value of your home and realistic current replacement costs. Many policies have new deductibles for wind and hurricane damage based on a percentage of your home's value, so take care and look before being tempted to increase deductibles to lower premium costs. Do shop around with other highly rated insurers to see if you can lower your premiums..Adopting a more accurate and adequate COLA that protects seniors against inflation;.TSCL is working for legislation that would eliminate the one-time gain "means test," and supports efforts that would repeal determination of Medicare benefits based on income. To learn more, please visit..By Representative Charlie Crist.This policy catches the vast majority of the public unawares. Understandably most people, like you, react with surprise, disgust, and upset when they learn the final payment must be returned.

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The Notch continues because Congress has yet to enact legislation to correct it. Notch Reform has been a highly contentious issue. In 1994 the director of the GAO testified to the Commission on the Social Security Notch saying that the Social Security Trust Fund would not have built up adequate surplus "had notch legislation been enacted at an earlier date." Over those same ten years, however, from 1995 through 2004, the federal government used more than .4 trillion in surplus Social Security revenues that could have been used to pay Notch reform benefits to fund other government spending..By Jessie Gibbons, TSCL Legislative Director.On Thursday, the Supreme Court announced its 4-4 decision on a challenge to President Obama's immigration orders, which were released back in 2014 with the intent of halting the deportations of nearly 5 million undocumented immigrants. The split decision means the lower court's ruling is left in place, and the executive orders will not take effect. … Continued

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In fact, according to research by The Senior Citizens League, homeowner's insurance has grown 199 percent since 2000, making it one of the fastest growing costs that retirees face, second only to prescription drug costs. Joe reports that his homeowners and car insurance have increased every renewal period over the past two years. His homeowner's premiums rose from ,284 a year to ,566, an increase of 22 percent. Joe's auto insurance premiums increased 0 over the last four renewal periods, which are every six months, despite no tickets or accidents. Government subsidized FEMA flood insurance this year increased 7.4%..The following Members of Congress, among many others, will be holding town hall meetings in the days ahead: Reps. Diana DeGette, Lynn Jenkins, Gary Palmer, Tom Rice, Todd Rokita, Steve Cohen, David Valadao, Steve Womack, Susan Brooks, Randy Hultgren, Lamar Smith, Eric Swalwell, Marc Veasey, and Rep. Ed Perlmutter..When food and other important costs rise faster than the Social Security COLA, that means that retirees aren't able to purchase as much with their benefits. This can lead to older consumers going without essentials. Research by Johnson has found that Social Security benefits have lost 30% of buying power since 2000. "We encourage everyone to consider who you may know that might need help with food costs," Johnson says "Perhaps you can drop off a few groceries, or share your next batch of home - made soups, chili, or stews with others you know," Johnson adds. "Mercifully, this list of prices will likely change in time, especially as we get COVID-19 under control and people return to work," Johnson says. … Continued