Leaders in Congress seem optimistic that they will reach a deal in the coming days. In a brief with the Republican Conference on Thursday morning, House Speaker Paul Ryan said, "I believe we will successfully complete the negotiations. We're not going to rush it. We're going to get it right.".On Wednesday, Congressman Jimmy Duncan introduced the CPI for Seniors Act, and TSCL announced its support for it shortly thereafter. The bill, if signed into law, would mandate the formulation and publication of a new Consumer Price Index specifically for seniors with the purpose of establishing a more fair and accurate cost-of-living adjustment..you have assets exceeding million, you should be able to pay for care.It remains to be seen whether a deal will be reached before the December deadline Congressional Quarterly reports that the prospects for an agreement are "dimming." Discussions will likely continue behind closed doors over the upcoming weeks, and TSCL will continue to monitor the negotiations. Check back for updates every Friday..The study examined the increase in costs of 39 key items between 2000 and January 201The items were chosen because they are typical of the costs of most Social Security recipients, and include expenditures like the Medicare Part B premium, that are not measured by the index currently used to calculate the COLA. Of the 39 items analyzed, 25 exceeded the percentage of increase in the COLA over the same period. "This study illustrates why legislation is needed to provide a more fair and adequate COLA," Johnson says. "To put it in perspective, the same 0 worth of groceries that a retiree household could buy in 2000, can only buy worth today," Johnson adds..Medicare Advantage plans merit a serious look, but you need to understand the pros and cons to determine the best fit for your budget without sacrificing insurance protection. The costly trade - offs to lower Medicare Advantage premiums often don't start showing up until you get sicker or need hospitalization. Some key considerations:.Congress Passes "Doc Fix".Several lawmakers at Wednesday's hearing also asked Congressman Price whether he supports legislation like the Medicare Prescription Drug Price Negotiation Act, which would allow HHS to negotiate prescription drug prices on behalf of Medicare Part D beneficiaries. Doing so would save the Medicare program billions of dollars annually and would reduce drug costs for older Americans. TSCL was disappointed that Congressman Price refused to answer these inquiries directly, instead expressing his commitment to ensuring that "drug pricing is reasonable.".TSCL supports legislation that would prohibit the use of earnings under invalid and fraudulent Social Security numbers from being used to determine Social Security entitlement and benefits. To learn more, read TSCL's FAQ, "How 'Undocumented' Workers Are Becoming Entitled To Social Security".

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Not having enough money for retirement is a top concern shared by 64% of Americans in a recent Gallup poll, and the number is growing. Six-in-ten people worry about unexpected medical costs, and more than half worry about their ability to maintain their standard of living. No group feels these worries more acutely than retirees or people nearing retirement..CMS to Save 4.5 Billion Dollars over Ten Years.Do You Qualify For Medicare Part D Extra Help? … Continued

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That estimate appears to be one prepared by the Social Security's Chief Actuary who projected in 2003 that a totalization agreement with Mexico would have a negligible long-range cost to Social Security. The Social Security Administration estimated that costs to the U.S. Social Security system would average about 0 million per year over the first five years. In 2003 the Government Accountability Office evaluated that cost estimate and sharply criticized it, saying that "the cost of such an agreement is highly uncertain." The GAO reported that SSA's estimate failed to account for the large number of Mexicans who are or have worked in this country without legal authorization..TSCL worked hard for the Medicare Part B "roll back" last fall which prevented an even larger Part B premium spike in 2016, and stands ready to ask lawmakers to do the same in 201You can help: Contact your Representative in the House and Senators now and ask your lawmakers to take action to stop the Medicare Part B premium spike. Call your lawmakers toll free at or send an email to your Members of Congress..With Medicare outlays spiraling due to outlays for COVID-19, Congress recently passed legislation to head off an expected Part B premium spike, by restricting the increase for 202TSCL has been warning about the potential of a low cost of living adjustment and spiking Medicare premiums since July of this year. … Continued

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