Nonetheless, TSCL will keep a close eye on the bill's movement in the coming weeks, since it could have a significant impact on the Social Security and Medicare programs. For updates, visit the Legislative News section of our website..In the debate over lowering prescription drug prices, I see frequent mention of allowing importation of drugs from other countries. How would that work for people enrolled in Medicare Part D?.Sen. Richard Blumenthal introduced S. 1904 on July 30, 201It has since been referred to the Committee on Finance..Gradually, over 10 years, eliminate the cap on earnings that are taxed for Social Security. This would mean that the approximately 6% of workers who earn more than the 8,500 cap in 2015 would pay into Social Security throughout the year like other workers. In return they would get slightly higher benefits..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..Despite resistance from some lawmakers, appropriators in the House and Senate say that their work on the "cromnibus" is continuing. According to Harold Rogers, Chairman of the House Appropriations Committee, negotiations are "on schedule," and the bill should come to the floor by early next week. If it fails to get the necessary votes, lawmakers will likely adopt a continuing resolution to provide the government with short-term funding. At this point, leaders are saying that a government shutdown is not something that they're willing to consider..Based on projections by the Trustees, Medicare Part B premiums will likely increase by around .80 next year, so the typical beneficiary will pay 4.30 per month, up from 5.50 in 201The Senior Citizens League is currently predicting a 2020 Social Security cost-of-living adjustment of around 1.2 percent, based on Consumer Price Index data through March. If those estimates are correct, most Social Security beneficiaries will see very modest increases in their net Social Security benefits next year after Medicare Part B premiums are deducted..Regardless of when you decide to start benefits, you should enroll in Medicare when you turn age 6Failure to enroll by your Medicare deadline may result in permanent enrollment penalties that you would add to the cost of your Medicare Part B premiums for the rest of the time you have Medicare..Even small tweaks in inflation can save the government hundreds of billions over time. Using the chained CPI would reduce the measured rate of inflation, and the amount of money you would receive in your COLA every year. The Congressional Budget Office has estimated that moving to the chained CPI would cut government spending on Social Security by 2 billion over the first 10 years alone.

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Increasing funding for Continuing Disability Reviews, which are conducted periodically to ensure that disabled enrollees still qualify for benefits. CDRs return to the program for every invested..They don't mind paying for Social Security because they value it for themselves..Under the new policy, illegal immigrants younger than 30 years old, who came to the United States before the age of 16, will be allowed to remain in the country without risk of deportation and to get work permits if they have been law-abiding and meet certain requirements. Although the policy does not grant legal status, work authorization would provide access to Social Security numbers. … Continued

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A new bill was introduced in the Senate this week that would lower costs for Americans with diabetes and other chronic diseases who have high-deductible health plans. This legislation would not affect seniors who are covered by Medicare, but it could be very helpful for seniors who are under 65 and still working and who only have high-deductible health insurance. Authored by Sens. John Thune and Tom Carper, the bill, called the Chronic Disease Management Act, would lower health care costs by allowing high-deductible health plans to provide chronic disease prevention services - including insulin for diabetes - to plan enrollees before they reach their plan deductible..What numbers are those?.If the Supreme Court rules against the federal government, that could have a devastating impact on the new program. The case centers on whether people who enrolled through the federal exchange can legally receive subsidies to lower their monthly premiums. … Continued

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