During recent healthcare reform hearings, TSCL submitted a statement to the Senate HELP Committee expressing support for an emergency COLA in 20The COLA could be set high enough to cover the rise in Medicare Part B and the average rise in Part D premiums. Doing so would help prevent reductions in seniors' benefits, and a Medicare notch in premiums, and provide protection from benefits taking a big hit in buying power. TSCL believes that H.R. 3557 as introduced by Representative Walter Jones would do just that..The bill that was approved on Tuesday includes a million boost in funding for the Social Security Administration, million for a new initiative that would work to prevent elder abuse, and nearly million in extra funding for the Social Security Disability Insurance program, which is currently struggling with a massive backlog of continuing disability reviews. Additionally, it includes .7 million for fraud prevention within Medicare and Medicaid more than twice the level that was allocated in fiscal 201According to the Subcommittee, every spent fighting fraud results in a return of .By increasing next year's funding, appropriators expect to see .4 billion in savings..On Friday, SSA announced that Social Security benefits will increase by 2% percent beginning in January 201While the 2018 cost-of-living adjustment is the largest increase in five years, it continues a trend of abnormally low benefit growth..Because of the coronavirus pandemic, the Senate is behind in getting its regular work accomplished. We think it's a shame they won't spend more time in session getting the legislation passed that's needed, especially on prescription drug prices, surprise medical billing, shoring up the Social Security and Medicare and Medicaid, and fixing the COLA to reflect the true inflationary costs that seniors face..For progress updates or for more information about these and other bills that would strengthen Social Security and Medicare programs, visit the Bill Tracking section of our website or follow TSCL on Twitter.TSCL Endorses New Social Security Bill.TSCL polls indicate that a wide majority of older Americans are opposed to this policy. TSCL strongly supports legislation that would ban the use of earnings under invalid and fraudulent Social Security numbers from being used to determine benefits..Despite the continued standoff on Capitol Hill, Social Security and Medicare beneficiaries should rest assured that their benefits will not be impacted by the ongoing shutdown. Both Social Security and Medicare are "mandatory" programs, which means that benefits will go out in full and as scheduled regardless of the federal government's operating status. In addition, the administrative offices for both programs are fully funded and are currently operating normally, so those applying for benefits should not see any delays in their requests..The short answer is no not yet.

Prevent Five Delicious Health Tips

That's why we endorsed legislation from Congressman Ted Deutch that would protect the earned benefits of older Americans, by exempting Social Security and Medicare from any requirements of a balanced budget amendment. The bill H.R. 5466 would go a long way in protecting the retirement security of older Americans against irresponsible measures like the one that was considered this year..This discrepancy between COLAs and real costs is squeezing senior households. Retirees are forced to draw down savings faster than planned, and work far longer than anyone ever imagined. In addition, the percentage of households with credit card debt headed by someone age 75 or older has doubled from 11 percent in 1998 to 22 percent in 2010 according to recent data from the Employee Benefit Research Institute. The sad fact is that people 65 and older are the fastest-growing segment of the U.S. population filing for bankruptcy. Seniors are getting deep into debt because of high medical bills, long-term care costs, and dwindling retirement savings..Reps. Steven Rothman and Michael Michaud signed on to Rep. Charlie Gonzalez's CPI-E Act. The co-sponsor total is now at 33. … Continued

Education Early Learning

TSCL is adamantly opposed to using COLA cuts to reduce the federal budget deficit. "With thousands of dollars in Social Security and Medicare benefits at stake, we urge everyone who cares about their Social Security and Medicare benefits to contact their lawmakers in Congress NOW," Benton says..Joe sees a solution for low COLAs and Social Security's long-term solvency issues. Currently the highest paid employees, including CEO of top U.S. companies only pay Social Security taxes on the first 2,900, even when they pull in multi-million dollar salaries. "The future of Social Security would be brighter, if the taxable maximum earnings to which the Social Security payroll tax is applied would include the high earners," Joe says..Under the 'Ryan Budget,' Medicare would be turned into a private voucher program. But these vouchers are unlikely to keep up with healthcare costs, and could require seniors to pay more out-of-pocket for their healthcare. In fact, the non-partisan Congressional Budget Office estimates that by 2030, seniors would be paying nearly 70% of their health care costs out-of-pocket, with the vouchers picking up only 30% of the bill. It has also been estimated that seniors would end up paying up to ,400 extra for healthcare each year under the Ryan Budget. … Continued

Contact Atavista Farm Today!