TSCL recently delivered letters to every Member of Congress calling on them to support legislation that would provide a more fair and adequate COLA. "Congress created the automatic COLA in 1972 to help benefits keep up with inflation. But according to our research, COLAs are failing to keep up with the rising costs seniors are facing. Since 2000 Social Security benefits have lost 30 percent of their buying power, and in the last year alone they have lost 7 percent.".The proposal would potentially help those enrolled in Medicare Part D and Medicare Advantage plans, particularly in cases where a drug is not covered by the individual's plan or, as a less-expensive alternative, when the cost of importing a drug is lower than the co-pay for purchasing the medication with Part D plan coverage. Proponents of importation point out that, over the long-term, increased competition from imported drugs could pressure drug companies to reduce their prices in the U.S. and thus help reduce costs for other drugs you may take.."The Senior Citizens League Fears New Immigration Policy Eases Way To Social Security for Some".Alexandria, VHow would Social Security recipients fix the Social Security Disability Insurance Program? The Senior Citizens League is providing recommendations to Congress this week taken from a national survey of close to 1,200 Americans age 60 and over. Participants overwhelmingly say that they won't support benefit cuts or switching to a more slowly growing cost–of–living adjustment..policies) say that if you have a net worth below 0,000 to 0,000 (not.On Wednesday, TSCL's Board of Trustees, along with former Congressman David Funderburk and Mrs. Betty Funderburk, and legislative analyst Jessie Gibbons, held meetings on Capitol Hill in seven Congressional offices. TSCL's dedicated, all-volunteer Board of Trustees consists of the following members: chairman Larry Hyland, vice-chairman Tom O'Connell, secretary Charlie Flowers, treasurer Ed Cates, political action committee treasurer Michael Gales, and board liaison and president of The Retired Enlisted Association Arthur Cooper..Chairman Collins said at Tuesday's hearing: "Alzheimer's is not a normal part of aging. It is a public health issue with a course that we can potentially change. There are steps that we can take today to help prevent the risk of cognitive decline and to improve the lives of those living with Alzheimer's and their caregivers. This public health approach is not only empowering; it is the key to saving lives.".This week, action on Capitol Hill was slow as Members of Congress remained in their home states and districts to prepare for the upcoming election. Lawmakers are expected to return to Capitol Hill on Tuesday, November 13th, to begin the lame-duck session..Now Medicare has launched a formal process to determine whether Aduhelm will be covered, after a widespread uproar spurred a Congressional investigation. The final decision isn't expected until next spring, although an initial ruling could come around January. Medicare's coverage process came on the same day that two House committees asked drug maker Biogen to turn over documents on how the drug was developed and priced, and on its dealings with government officials at the US Food and Drug Administration.

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We want to assure you that we will try to report the facts as we understand them and keep elective politics out of it..Unlike the rest of our tax system, which is progressive, meaning the lower the income, the lower the tax rate that people must pay - Social Security payroll taxes are regressive. The first dollar of earnings is taxed for Social Security, and all workers pay 6.2% tax on earnings - an amount that is matched by employers - but only on the first 8,500 in earnings. But because of the taxable maximum cap, the highest paid workers, like CEOs of major corporations who receive millions in wages and even Member of Congress, are pocketing a huge tax break, 6.2% of every dollar earned over 8,500..TSCL understands that some changes to Medicare may be necessary to secure the long-term future of the program. However, we strongly believe that any changes should be phased in gradually and should not affect those nearing retirement. In addition, TSCL believes that the government must increase its efforts to combat Medicare fraud a growing issue that costs between billion and billion each year. … Continued

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The coronavirus has hit older Americans particularly hard and sent tens of thousands of Medicare recipients to hospital emergency rooms and intensive care units. That type of care comes with particularly pricey out-of-pocket costs which we expect will drive up Medicare Part B spending for 2020. We.Benefit Bulletin: March/April 2020 What to do When You Can't Afford Medicare Premiums.Most of the money that Social Security pays out to current beneficiaries comes from payroll taxes. According to the Social Security Trustees, the program received 5.1 billion in payroll taxes in 201Social Security also received an estimated .9 billion from the taxation of Social Security benefits, and .9 billion in interest was earned on special issue non-marketable bonds held by the trust fund last year..What do you think? Take TSCL's 2016 Senior Survey. … Continued

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