Medicaid Changes Raising TSCL Concerns For Low-Income Seniors.With unemployment still 5.4%, and less payroll tax revenue to finance the benefits of swelling Social Security rolls, how is the program's financing faring during our 2021 economic recovery? The Social Security Trustees are expected to soon release a much-anticipated annual report that gives us our first real glimpse of how the recession caused by the COVID-19 pandemic affected Social Security's retirement, survivors and disability programs in 2020..In the early days of the HIV/AIDS epidemic, the first generation of drugs was mediocre at best, he said. As scientists learned more about the virus and the disease it causes, the medicines became more effective. That may be a model for what we are going to have here. We may not get the best vaccine up front. But hopefully it will be good enough and will be replaced later by better vaccines. We have may just have to live with that until we get a better one..Help! I've Been Told I Have To Return My Deceased Husband's Last Social Security Check. Is This Really True?.I'm going to keep fighting to pass this bill. I'm also going to continue working to strengthen and expand Social Security going forward. The fact is, Social Security has a .9 trillion surplus. If we do nothing, Social Security will be safe for the next 17 years. With some modest adjustments, we can keep the Social Security system solvent for many more years and even increase benefits..Food is one of the top three categories of expenses for most people who rely on Social Security. While the price of gasoline has gone down, food costs, especially meats, have continued to climb. Here are five ways to lower the food bill:.Increase Social Security's minimum benefit so that workers who pay into Social Security for 30 years can retire at 62 or later and have benefits above the federal poverty line..Medicare Part D prescription drug coverage hit a new milestone this year. The highly - loathed "doughnut hole" or "coverage gap" closed this year. But that doesn't mean prescriptions will be free. The co-insurance in the former Part D doughnut hole dropped to 25% of all drug costs. That's the good news. But the out of pocket spending that's required to qualify for catastrophic drug coverage took a big jump, from ,100 in 2019, to ,350 an increase of ,250. That's the biggest jump in the out-of-pocket threshold since the start of Part D in 2006..If signed into law, the Notch Fairness Act would provide modest compensation to Notch babies, or those individuals who receive lower Social Security benefits because they were born between 1917 and 192TSCL feels that this inequity was brought about by the Social Security Act Amendments that were signed into law in 197Just years before they were set to retire, these individuals learned that they would have significantly lower benefits than originally anticipated. TSCL strongly supports the Notch Fairness Act, which would provide Notch babies with either a ,000 lump-sum payment or an increased monthly benefit.

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Out-of-pocket costs for dental, vision, audio, physical therapy and other services not covered by Medicare or other health insurance. This also includes equipment and supplies, like glasses, hearing aid batteries, dentures and implants..TSCL will watch closely to see what, if anything, is introduced in Congress to boost Social Security payments for seniors and we will keep you posted as things move forward.."A New and Rising Price Tag for Trump's Wall: .6 Billion," Jonathan Weisman, The New York Times, February 10, 201"The Wall Should Be Paid For," Committee for a Responsible Federal Budget, January 30, 201Summary of the Sequester Offset Solutions Plan, Committee for a Responsible Federal Budget, September 16, 2015. … Continued

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Higher benefit costs may not be a financial choice for the majority of seniors. Half of all survey respondents report spending 11% to 33% of their Social Security benefit on healthcare costs, and another 22% reported spending 34% to 50% of their benefit. The following table illustrates how respondents answered..Most Americans contribute 6.2 percent of every paycheck to Social Security, but workers earning over 2,900 contribute nothing over that amoun,t due to a payroll tax cap. Around 75% of Social Security beneficiaries believe the Social Security taxable maximum should be eliminated to extend the solvency of the Trust Funds responsibly, without cutting benefits. Do you agree?.A new study has found that it is more than prices that are high when it comes to so many prescription drugs. According to Modern Healthcare newsletter, "A .40 increase in out-of-pocket costs per prescription was associated with a 22.6% drop in consumption and a 32.7% increase in monthly mortality rates, an analysis of more than 358,000 relatively healthy 65-year-old Medicare beneficiaries found." … Continued

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