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Usually during economic downturns many older workers are forced into retirement when they lose jobs. While the pandemic may have caused more to retire earlier than planned, deaths removed hundreds of thousands of beneficiaries from Social Security rolls. In fact, life expectancy plunged by a full year in the first half of 2020, from 78.8 years to 77.8 years, the biggest drop since World War II..Price gouging. The companies engaged in price gouging to maximize profits of drugs that had been off patent for decades. None of the companies investigated had invested in the research or development to create or improve the drug..however, my client was able to save ,080 in uncovered out-of-pocket drug costs.In a separate report from Bloomberg News it stated that "Medicare seniors are skipping needed care and struggling emotionally as the Covid-19 pandemic alters their lifestyles..Spousal and/or divorced spouse retirement benefits based on spouse's or former spouse's account..Fifty six percent of older adults think we need to invest more in Medicare in order to respond more quickly and effectively to a healthcare crisis like COVID-19, according to a new survey by The Senior Citizens League. "Boosting funding for Medicare is one of the most important issues for older voters this year," says Mary Johnson, a Medicare, and Social Security policy analyst for The Senior Citizens League..Get the provider's name and any identifying number. If the agent asks "Who am I speaking with?" answer with your own question. First ask the caller for the name of their company and the phone number, "in case you get cut off." You can give a first name but avoid giving out any actual personal information like your Social Security or Medicare number, full name, date of birth and address..TSCL consists of vocally active senior citizens concerned about the protection of their Social Security, Medicare, and veteran or military retiree benefits. TSCL was first established as a special project of The Retired Enlisted Association. On January 1, 1995, TSCL became an independent 501[c][4] citizens' action organization..Born and raised in Minnesota, Larry Madison moved to the Washington, D.C., area in 1987 with his family to pursue a career as a copywriter and account executive at The Viguerie Company, a nationally known political fund-raising firm. After three years at TVC, he left to become head of fund raising for the American Defense Institute, and then for the American Security Council, both non-profit organizations involved in supporting a strong national defense.

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This week, House and Senate lawmakers returned to Capitol Hill to begin the "lame duck" session. In addition, The Senior Citizens League saw two key Medicare bills gain support in Congress..TSCL supports legislation that would provide a more fair and adequate Social Security benefit by calculating COLAs using the Consumer Price Index for Elderly to calculate the annual increase. How do low Social Security increases and rapidly rising costs affecting you? TSCL wants to hear from you! Visit..According to a March analysis of an earlier version of the bill by the CBO, the legislation would restructure Medicaid safety net by capping costs. "This would have a profound impact on low-income Medicare beneficiaries," Johnson says. About 1 in 5 people on Medicare, 11 million beneficiaries in all, have incomes so low that they qualify for Medicaid, according to the nonpartisan Kaiser Family Foundation. … Continued

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And it could be worse if inflation is lower and Medicare Part B premiums are higher. Due to a special provision of law known as the Social Security hold harmless provision, when the dollar amount of the Medicare Part B premium increase is greater than the dollar amount of an individual's COLA, the Medicare Part B premium is adjusted to prevent a reduction in Social Security benefits from December of the previous year. Those affected by hold harmless wind up with no growth in their net Social Security benefit after the deduction for Part B premiums. That leaves nothing extra left over to deal with other rising costs such as housing and drug costs..More than 1,057 respondents participated in The Senior Citizens League's annual senior survey, which was conducted from January through March of this year. Participants confirmed that monthly household expenses made steep increases over the past year, far in excess of the dollar amount that their COLAs increased benefits. More than half, 56%, indicated their monthly expenses went up by more than Yet 50% of survey respondents said that their COLA increased benefits less than per month, after the increased Part B premium for 2018 was deducted from their Social Security benefits..Heating and cooling: According to TSCL's Annual Survey of senior costs, residential fuel oil has been the fastest rising expense for more than a decade. According to the U.S. Energy Information Administration, a 250-gallon delivery of home heating oil this season may cost more than With the average monthly Social Security payment around ,100, that's a cost few seniors can afford and still have something left over for groceries. Take time to survey suppliers in your area and compare costs. Do ask for a senior citizen discount and learn the supplier's payment options. Financing your heating fuel through the supplier may give you smaller, more manageable payments, but you will pay financing fees and interest. With interest so low on savings, it sometimes makes sense to pay in full when you can to save financing charges. … Continued