This week, lawmakers in the House and Senate continued working on legislation that would comprehensively reform the tax code. In addition, The Senior Citizens League saw support grow for one key bill that would comprehensively reform the prescription drug industry..If you would like to continue receiving these press releases via email, please send your email address to [email protected] is working with Members of Congress to enact legislation that would lower Medicare costs, including the elimination of "surprise medical bills" from out-of-network providers, and is working to ensure that Medicare beneficiaries can continue to receive their Medicare benefits through the Medicare Advantage or Medigap plan of their choice..The situation is caused by a drop in the average wage index which is used in the Social Security benefit formula. Normally, wages tend to go up year over year. But in 2020, the COVID-19 recession and sudden high unemployment may have caused the index to plummet. This type of benefit reduction is known as a "notch" and these people are the "1960 Notch Baby Boomers."."Americans' Financial Worries Edge Up In 2016," Gallup, April 201"You Might Need Nearly 0,000 To Pay Health-Care Costs In Retirement," Robert Powell, Market Watch, February 6, 2017..By Senator Elizabeth Warren.As we all know, senior citizens are the most likely to be hospitalized or die from the Covid-19 virus -- by a wide margin..TSCL will continue to monitor the state of the trust funds especially for the DI program and our legislative team will advocate tirelessly for fair and responsible policy solutions in the months ahead. For updates, visit our new page on Facebook..How Do I Know When It's Time For Assisted Living If I Live Alone?

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Earlier this fall, the U.S. Energy Information Administration projected that home-heating fuels would cost about 20 percent more during the upcoming heating season, but the most recent Consumer Price Index data from October 2017 through October 2018, released by the Bureau of Labor Statistics, indicates that heating-fuel costs appear to be climbing even faster and are now 26.2 percent higher than October 2017..TSCL is working hard for legislation that would lift the taxable maximum cap, expand Social Security by boosting retirement benefits and provide greater retirement security by using a "seniors" consumer price index, the CPI-E, to determine the annual COLA. To learn more, visit..While you should check with a professional financial advisor, you and your husband still have the right to claim spousal benefits only, when you turn 6Under the new law changes, while you couldn't apply for spousal benefits, based on a suspended application, your husband can apply for spousal benefits based on your full retirement age benefit, using a restricted application while his own benefit continues to grow. He would receive half of your benefit, or about 5 per month, until he claims his own retirement benefit. Together the two of you would receive ,215 per month, which is better than the ,150 you alone were hoping to get as a spousal benefit. Then, when he turns 70, he can claim his full benefit of about ,100 per month. … Continued

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A report released by the House Oversight Committee last week said that from 2016 to 2020, the 14 top drug companies spent 7 billion on stock buybacks and dividends. That is some billion more than the amount spent on research and development, the report said..Unfortunately, many Subcommittee Members seemed to agree with Rep. Burgess, who plans to introduce legislation that would provide a one-year pay patch for Medicare physicians. TSCL hopes that Congress will continue to work toward a permanent solution, and we will continue to monitor the SGR discussion in the coming months..This week, lawmakers in the Senate voted on three health reform bills that would have repealed and replaced parts of the ACA if enacted. All three of the bills the Better Care Reconciliation Act, the Obamacare Repeal and Reconciliation Act, and the Health Care Freedom Act better known as the "skinny repeal" bill failed to win passage on the Senate floor. … Continued

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