On Tuesday, Senate lawmakers returned to Capitol Hill to begin the second session of the 115th Congress. Those in the House remained in their home districts for the week and are expected to return to Washington on Monday, January 8th..retirement age than at age 6Delay even more and it will be boosted by the.Now, 18 years later, TSCL is hopeful that 2021 will be the year when Congress finally enacts legislation to allow Medicare to negotiate drug prices with pharmaceutical companies. This change is supported by about 85% of participants in TSCL's Senior Surveys. In 2019, Congress came very close to passing such a bill. In 2019, the House passed legislation, that would have allowed Medicare to negotiate drug prices, but was loathed by the pharmaceutical industry. It stalled in the Senate late in 2019 when Senate leadership refused to take up the bill..That may be okay for some, but I have had such great success. Why change to something else and put myself through all those fears again? My solution right now is to change where I purchase the medication. Canada, here I come and the devil with Medicare..The COLA is calculated using data from the Consumer Price Index for Urban Wage Earners and Clerical Workers. Of the CPI groups that the Bureau of Labor Statistics measures, the CPI-W covers only 28% of the total U.S. population, and specifically excludes households "with no one in the labor force, such as retirees.".Even if your income or assets are slightly higher than the guidelines, you should still apply. That's because certain kinds of resources may not be counted. States figure your income and assets differently, so you may be eligible in your state. When determining eligibility, your countable assets include checking or savings accounts, stocks and bonds. Your home, and one car, will not be counted..The Obama Administration along with many private corporations like Hewlett-Packard and Walgreens announced several other new projects that will aim to improve the lives of seniors at Monday's conference. For more information, check out the White House's Fact Sheet that summarizes each one..Because the Democratic majority in the House is so slim, lawmakers are approaching legislation with an eye on the elections next year. Democrats, especially those facing tough reelection fights in swing districts, will face enormous pressure from the powerful drug lobby to oppose the bill..For more information about your retirement age, and to use retirement calculator tools visit.

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In March, TSCL delivered letters to several leaders in Congress including Senate Majority Leader Mitch McConnell, House Speaker Paul Ryan, and House Freedom Caucus Chairman Mark Meadows requesting their immediate action on the looming debt ceiling crisis. Art Cooper, the Chairman of TSCL's Board of Trustees, wrote: "Our supporters nation-wide hope you will act swiftly and responsibly to avert delays in Social Security benefits and payments to Medicare providers, and they will not tolerate additional cuts to their earned Social Security benefits.".Remember "Flo"? In 1999 she was the blond, perky, mature lady who came onto our TV screens telling us that she was here "to tell seniors about changes that affect our medicines." She would end by saying "I don't want big government in my medicine cabinet." Flo implied that, if Medicare provided a drug benefit for seniors, it would stifle research and development of new life-saving drugs coming to market and restrict access to drugs a patient was already taking..As with Social Security and Medicare long-term viability, reducing the high costs of drugs is also at the top on TSCL's agenda this year. These are complicated problems but Congress must find a way to deal with them and TSCL will be fighting for you as these debates continue. … Continued

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If you are still in the retirement planning stage it's well worth the time and effort to learn all that you can about your retirement options, how much you should be saving, and what programs might be available to help you do a better job of planning your retirement. Check your community resources for retirement information, like workshops at local senior centers, libraries and community colleges, before making any decision about when to start benefits..TSCL strongly believes that inaction on addressing Social Security's financing challenges is putting the benefits of tens of millions at risk. The closer we come to the Social Security depletion dates, the more difficult it will be to find a solution to strengthen program finances. With the coronavirus recession, the depletion date may arrive sooner than anyone ever expected..Four Key Bills Gain Support … Continued

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