TSCL is continuing to meet with lawmakers and deliver your petitions calling for a fair COLA. To send an email to your member of Congress now!.The switch to the chained CPI was seriously considered in the closed-door debt limit meetings by Congressional leaders and President Obama earlier this summer. It forms the basis of not just one, but several, of the most prominent debt reduction plans currently under debate. Chaining the CPI has won support from both Republican and Democratic lawmakers, and most deficit reduction proposals call for putting it into effect relatively soon..Wall Street economists are in the midst of a growing debate over whether we are in for "the return of inflation.".Last year the Government Accountability Office in a report to Congress defined "notches" as "unduly large incremental reductions." In addition, the GAO further said "Notches create marked inequities between beneficiaries close in age to each other.".To read our full recommendations to Congress or for more information on the recent budget deal, visit our website at..In an effort to stimulate the economy, President Obama has once again called for an extension of the Social Security payroll tax cut, which was enacted in December of last year..Emergency legislation passed earlier this year required health insurers, including those participating in Medicare, to cover both the coronavirus test, and associated care for COVID-19 without cost sharing. But it's becoming clear that patients may still be vulnerable to "surprise" medical bills for costs they thought would be covered. We hope that your dad is not another such case..The income thresholds for the federal poverty levels are adjusted using a somewhat faster growing index than the one used to determine the COLA. Unlike the Consumer Price Index for Urban Wage Earners and Clerical Workers, which does not survey the costs of people over the age of 62, the Consumer Price Index for All Urban Consumers CPI-U includes the spending patterns of both younger workers and people over the age of 6Consequently the federal poverty limits increase somewhat faster than the CPI-W and today's COLAs. The 2016 poverty levels reflect a 0.1% increase over 2015 rather than zero like the Social Security COLA..Barbara has a number of ways she tries to cope. She qualifies for an age reduction waiver on real estate taxes, and energy assistance to help cover the cost of heating her home. To save on her phone bill, she asked her phone company for a discount and got it. She uses shopping points from Kroger where she buys groceries to save money on gasoline.

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Re.Joyce Heap was in end stage Alzheimer's disease, and living at a nursing home run by an Armenian couple, when her daughter Denise spotted suspicious charges on forms from her mother's Medicare drug plan. Denise Heap went online to find out what the drugs were, and she discovered her mother was supposedly receiving medications for conditions she didn't have, like breast cancer, asthma, and emphysema. Heap was convinced that someone used her mother's identity to bill Medicare for more than ,000 worth of medications in just three months..You are age 62 or older; … Continued

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The Medicare Physician Payment Innovation Act, if signed into law, would repeal the SGR and set up a five-year trial period during which physician payments would stabilize and the Centers for Medicare and Medicaid Services would test new payment and delivery models. TSCL strongly believes that the SGR breeds uncertainty in the Medicare program for both physicians and beneficiaries. Many doctors have stopped accepting Medicare patients, and many more are threatening to do so if a permanent solution is not established soon. We believe that Rep. Schwartz's bill would bring increased stability to the program, and we urge Congress to pass it by the end of this year..TSCL will keep a close eye on the fiscal 2016 budget resolution as it moves through the Senate in the coming days, and we will continue to voice our concerns about cuts to the Medicare program that would result in higher costs for beneficiaries. For updates on its movement, visit our new Facebook page..According to the findings of a new report released by The Senior Citizens League, Social Security benefits have lost 34 percent of their buying power over the past eighteen years due to growing costs and inadequate cost-of-living adjustments. For every 0 a retired household spent in 2000, the same household can only buy around worth of goods and services today. … Continued

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