News

The Congressional Budget Office estimates that there would be costs both to Social Security and Medicare, primarily for disability benefits starting as early as 2017, assuming enactment into law this year. The CBO said, however, that the new TSCL-supported amendment would save the programs about billion over the first 20 years, with the savings growing greater in the future..Sen. John Cornyn introduced H.R. 1190 on January 8, 201It has since been referred to the Committee on Finance..Refinancing a mortgage in retirement is a "special needs" situation. TSCL highly recommends that this should be discussed with an unbiased financial advisor..When it comes to the Social Security cost-of-living adjustments many, if not most, of you say that you feel the government is cooking the inflation data. The COLA seldom seems to reflect the growing costs you experience. Two factors are to blame; the choice of a consumer price index used to calculate your COLA, and the methodology that our government uses to calculate price inflation to begin with..TSCL enthusiastically supports H.R. 155, H.R. 1029, H.R. 574, and H.R. 1795, and we were pleased to see support grow for each of them this week..Social Security's finances depend largely on payroll taxes, tying the strength of Social Security to the strength of the U.S. economy. The U.S. unemployment rate was more than 13.3% through May. That was worse than the 2009 Great Recession, when the unemployment rate reached a peak of 10.6% in January 20With 20.5 million people out of work, combined with a higher number of new claims for benefits as older unemployed workers turn to Social Security, there will be a significant impact on the finances of the Social Security Trust Funds. The degree of the impact depends on how long it takes to get our economy safely up and running again..Just days remain before voters across the country will elect 435 lawmakers to the U.S. House, 34 to the U.S. Senate, and one new president to the White House. By now, most registered voters have a good idea who they will vote for on November 8th. But how much do you really know about the party positions? Before heading to the polls on election day, TSCL recommends taking one last look at the platforms that were adopted by the Democrats and the Republicans earlier this year. Here are the Social Security reform positions laid out by the two major political parties at their conventions back in July..As inflation continues to steeply increase prices, older consumers are reporting that food has been the fastest growing category of their household budgets so far this year, according to a new survey by The Senior Citizens League. The same survey also found that nearly one out of five survey respondents, 19 percent, say they have visited a food pantry or applied for food stamps since the beginning of this year," says Mary Johnson, Social Security policy analyst for The Senior Citizens League..I've received numerous automated phone calls offering "free" Medicare-covered items like back braces and diabetes supplies. I'm not 65, not eligible for Medicare yet and I'm on the national DO NOT CALL list. Are suppliers allowed to do this?

Flu Season Strikes Minnesota Early This Year

Petition to Congress: No Budget Deal that Sells Out America's Seniors.The U.S. currently has 21 Social Security Totalization Agreements in effect with other nations. The agreements allow workers who split their careers working in two countries to avoid double taxation on the same work. In addition, workers are allowed to combine earnings from both countries in order to qualify for Social Security benefits under one or both systems. The agreement with Mexico presumably would have a very different impact, however, for a number of reasons, including the fact that no other totalization agreement is with a country where so many of its citizens are living and working in our country illegally..For progress updates on H.R. 1902 or H.R. 1776, visit the Bill Tracking section of TSCL's website. To contact your Members of Congress to request their support for the bills, click HERE. … Continued

Legislative Staff Coordinating Committee Linkedin For Legislators And Legislative Staff Webinar

Congressional CornerCongressional Corner: Protecting Against A New Wave of Senior Scams Congressional Corner: Rebuilding the Economy Needs to Include Mobility for Senior Citizens Congressional Corner: Two Social Security Provisions That Need to be Fixed Congressional Corner: We Can Ensure Social Security and Medicare Work. There Are Ways to do Both! Congressional Corner: It's Time for Seniors to get a Fair COLA Congressional Corner: Medicare Should Protect Your Teeth Too! Congressional Corner: Legislation Would Abolish Two Provisions That Reduce Social Security Benefits of Public Employees Congressional Corner: Planning for the Future Congressional Corner: Capping Drug Costs Could Negatively Impact Rural Health Care Systems Congressional Corner: Lowering Prescription Drug Costs Should Never Be a Partisan Issue Congressional Corner: Mediocre For All. Rural Healthcare's Road Trip to Ruin Congressional Corner: To Stay Healthy And Enjoy Retirement Means Protecting Earned Benefits and Cutting Drug Prices Congressional Corner: Two Bills That Would Bring Down High Prescription Drug Costs Congressional Corner: We Cannot Cut Medicare and Medicaid Congressional Corner: As Congress Fights Robocalls, Take Steps to Protect Yourself Congressional Corner: Fighting Back Against Senior Scammers Congressional Corner: It's Time to Tackle the High Cost of Prescription Drugs Congressional Corner: We Need Competition In Prescription Drug Pricing and to Stop Abusive Conduct That Keep Drug Costs High Congressional Corner: It's Time for Seniors to Get a Fair COLA Congressional Corner: Two Social Security Provisions Unfairly Penalize Millions of Teachers, Firefighters and Public Sector Workers.Hospitals, which are often the biggest employers in their localities, or even their states, have furloughed workers, and the industry lost an estimated billion a month in foregone surgeries and procedures during the worst part of the pandemic. Hospitals rely on elective surgeries for a major portion of their revenue, because Medicare and private insurers tend to pay more for those procedures than other types of hospital care. Hospitals say they also have lost money in treating COVID-19, because of the amount of intensive care that patients need..A question to ask yourself is how long you plan to stay in the home, and how many years remain on your current mortgage. If your current mortgage only has 10 or 15 years left to go, refinancing is likely to result in higher lifetime interest costs. When you get a new loan, most of the charges in the early years go towards interest costs. But if you only have a few years left on your current loan, you have moved past that stage and are making progress toward paying off your loan balance. If you refinance now, you start over from scratch. … Continued