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a more generous cost-of-living adjustment by calculating the annual boost using the Consumer Price Index for the Elderly,.legit loan companies for bad credit.The Supreme Court recently upheld the Affordable Care Act. While most people understood that the Supreme Court considered the constitutionality of the "individual mandate," many seniors may not have thought much about how the court's decision would affect Medicare. The decision maintains both new senior benefits and 0 billion in Medicare spending cuts over the next eight years. Here's a list of major provisions that affect seniors:.Here are three good books to help you get up to speed:.Watch this video to learn more about prescription drug pricing:.The data certainly suggests this is the case. The years in which inflation as measured by the Consumer Price Index for Workers has been the highest, the difference in the chained CPI was the greatest. The average difference between the CPI-W and the chained CPI is 0.3 tenths of a percentage point. But in 2005 when Hurricane Katrina sent gas prices through the roof, the CPI-W paid a COLA of 4.1% the following year. The chained CPI would only have paid 3.4% - a difference of 0.7 tenths of a percentage point. In 2008 the CPI-W paid a COLA of 5.8% the following year. The chained CPI would have only paid 5.2%, a difference of 0.6 tenths of a percentage point.."Americans Make Hard Choices on Social Security: A Survey With Trade-Off Analysis," National Academy of Social Insurance, October 2014..The Senior Citizens League supports legislation that protects Medicare benefits and lowers out-of-pocket costs for beneficiaries. To learn how to get involved, visit..The Social Security COLA was created to protect the purchasing power of Social Security benefits received by older and disabled Americans, but the results of this new study show that seniors are failing to keep up with rising costs. In recent years, inflation and COLAs have been at record low levels, averaging just 1.2 percent per year since 20In 2018, Social Security beneficiaries received a COLA of 2 percent, yet most saw no increase at all in their net benefits due to substantially higher Medicare Part B premiums.

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COLA Fairness - TSCL strongly believes that the Social Security cost-of-living-adjustment that seniors are currently receiving does not accurately reflect how they must spend their money. Our studies and surveys indicate that the current COLA is growing too slowly and does not accurately measure inflation experienced by seniors. The COLA is based on a consumer price index that reflects how young urban workers tend to spend their money. Older Americans spend a disproportionate share of their household budget on health care. Since health care costs continue to rise so quickly and since most health care spending cannot be substituted out for something cheaper TSCL believes that seniors would be better served if their COLA was based upon a consumer price index for elderly consumers, the CPI-E. Current COLA efforts.We have been told repeatedly that the virus will not simply go away. It is here to stay and until effective treatments and/or a vaccine are found, we must continue wearing masks when in public, keeping our distance from others when out and about, and as much as possible, staying at home and away from others..After weeks of debate by the House-Senate Conference Committee, President Obama signed the payroll tax holiday and temporary "doc fix" into law this week. Other action on Capitol Hill remained slow this week, as both Houses of Congress have adjourned for the Presidents Day Recess. … Continued

Fiscal Policy State Actions To Close Budget Shortfalls In Response To Covid 19

Seniors born from 1917 through 1926, known as "Notch Babies" receive lower Social Security benefits than other retirees with almost identical earnings histories. Do you support Notch Reform legislation that would provide a choice of ,000 payable in four annual installments or an improved monthly benefit?.Several bills to address this issue have gained traction in Congress and bill sponsors are trying to prevent problems by inserting language into the legislation that would bar drug companies from retaliating against Canadian pharmacies that sell medication to U.S. consumers at the lower Canadian prices. The Senior Citizens League supports the Affordable and Safe Prescription Drug Importation Act. In 2017 the Congressional Budget Office estimated that a previous version of the bill would reduce the federal deficit by about .8 billion over the next ten years..Check My or your last "Medicare Summary Notice" to see if you've met your deductibles. Deductibles are the amount you must pay before the service is covered, and vary widely depending on the type of coverage you have in addition to Medicare Part A and Part B. … Continued