A new analysis by The Senior Citizens League, one of the nation's largest nonpartisan seniors groups, indicates that changes the government has already made in the late 1990s to how it calculates the CPI have resulted in cutting the Social Security benefits of today's seniors by about 7 percent since 2000. Social Security recipients, who retired with average monthly benefits of about 6 in 2000, lost 7 this year alone, and about ,293 in COLA growth over the past twelve years. According to the analysis, the CPI changes that became effective by 2000 will cut more than ,000 of Social Security income from individuals who retired with average benefits over a 25-year retirement. "Chaining the COLA would further deepen the loss of benefits," says Larry Hyland, Chairman of TSC.Find resources in your community using the Eldercare Locator..Your marriage lasted for 10 years or more, and your ex-spouse is entitled to Social Security benefits;.Late this week, lawmakers in the House and Senate adjourned for a seven-week summer recess. They are expected to return to Capitol Hill following the Labor Day holiday, on September 6th. In the meantime, most Members of Congress will be holding town hall meetings in their home states and districts, presenting constituents with an excellent opportunity to have their most pressing questions answered before the looming elections..Medicare Part D discounts in the "doughnut hole." Once both drug plan enrollees and their plan have spent the initial coverage amount, they reach the Part D coverage gap or "doughnut hole." Prior to the Affordable Care Act, seniors paid 100% of drug costs in the doughnut hole, unless they were covered by a plan that provided some gap coverage. Under provisions of the Affordable Care Act, once seniors hit the coverage gap, they get a 50% discount on covered brand name drugs and pay 86% of the plan's costs for covered generic drugs until they spend a total of ,700 for the year. Some plans offer additional coverage for generics during the gap..Members of the Senate will return to Capitol Hill on September 6th, and Members of the House of Representatives will return on September 7th. TSCL would like to remind you to approach your Members of Congress at local events and request their support for a fair Social Security cost-of-living adjustment and other key issues..According to Bloomberg News, "The bipartisan agreement is between the top Democrats and Republicans on the House Energy and Commerce, Ways and Means, and Education and Labor committees, as well as the leaders of the Senate Health, Education, Labor and Pensions Committee..Alzheimer's Drug Could Increase Part B Premiums for Everyone A newly approved drug to slow the progression of Alzheimer's disease is drawing criticism for it's ,000 price tag, especially given its lack of proven effectiveness. Aduhelm stirred controversy when the Food and Drug Administration's own expert advisory panel was nearly unanimous in opposing the drug's approval due to mixed results in studies of effectiveness..President Trump announced last week that there will be a new type of Medicare prescription drug plan that will cap insulin costs at per month for some seniors who have diabetes. While TSCL applauds that as far as it goes, it is woefully short of what is needed.

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New Co-Sponsors Added to Key Bills.TREA Senior Citizens League was formed in 1993 to protect "earned" Social Security and Medicare benefits. Many TSCL members are affected by the Notch, and rank Notch Reform as their top legislative priority. TSCL is the only national senior citizens action organization to continue to lobby for Notch Reform. To date, TSCL has 1.3 million members and supporters who participate in a number of grassroots lobbying and public education campaigns..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. … Continued

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This week, one new cosponsor Congressman Gregorio Kilili Camacho Sablan signed on to the Social Security 2100 Act, bringing the total up to 16If signed into law, it would extend the solvency of the Social Security trust funds responsibly, without cutting benefits for current or future retirees. The bill currently has more cosponsors than any other comprehensive Social Security reform bill to date, and we hope lawmakers in Congress will consider it seriously in the months ahead..Why Did Dad Get a Bill for ,944 After Hospitalization for COVID-19?.Thus, under this hypothetical legislation, benefit obligations could not be met after the depletion of the asset reserves and elimination of payroll taxes. If this hypothetical legislation were enacted, with no alternative source of revenue to replace the elimination of payroll taxes on earned income paid on January 1, 2021 and thereafter, we estimate that DI Trust Fund asset reserves would become permanently depleted in about the middle of calendar year 2021, with no ability to pay DI benefits thereafter. We estimate that OASI Trust Fund reserves would become permanently depleted by the middle of calendar year 2023, with no ability to pay OASI benefits thereafter. … Continued

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