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The Social Security trustees now anticipate that when the old age and survivor fund runs out of money in 2034, it will be able to pay only 76% of the retirement and survivor benefits otherwise due to recipients..best cash advance loan companies.If adopted, the Seniors Have Eyes, Ears, and Teeth Act would expand Medicare coverage to include essential hearing, vision, and dental care. Under current law, the traditional Medicare program is prohibited from covering these basic health care services, and millions of seniors living on fixed incomes cannot afford to pay out-of-pocket for routine care or assistive technologies like hearing aids..To find the Meals on Wheels program in your area, check the Eldercare Locator or call your local Area Agency on Aging..Legislation to lower prescription drug prices is a top priority of TSCL's this year and we continue to monitor things very closely and work to pass legislation that will lower drug prices in a substantial way..On Wednesday, the House Ways and Means Social Security Subcommittee held a hearing titled "Determining Eligibility for Disability Benefits: Challenges Facing the Social Security Administration." Members of the Subcommittee heard from several expert witnesses at the hearing, including Bea Disman, Marilyn Zahm, and Lisa Ekman..The cuts in federal aid to Meals on Wheels programs may end up costing the government if seniors need to move to nursing homes. The Center for Effective Government released a report estimating that the cuts would add 9 million a year in Medicaid costs for the remaining months of fiscal 201The group said that even if only 350 people were admitted to nursing homes due to missing out on Meals on Wheels deliveries and then stayed there at least a year, the savings from the sequester cuts would be lost. The Medicaid share of keeping someone in a nursing home for a year is about ,878..If you would like to view past press releases or sign-up to receive press releases via email, click here..We should also ensure senior citizens are getting an accurate cost of living adjustment. The model the government is using right now would be fine if seniors were regularly buying iPods and laptop computers. But that's just not the case. I've proposed a better way to calculate the COLA based on items seniors actually use, such as food, housing, gasoline, healthcare and prescription drugs.

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According to the Congressional Budget Office, a growing share of the government's spending for Social Security is going to pay for disability benefits.[iii] Between 1990 and 2012, the ratio of disabled recipients to retirees changed dramatically, increasing 112.5%, from 3.2 to 6.7 beneficiaries per 100 covered workers.[iv] In testimony to the House Subcommittee on Social Security, the Congressional Budget Office said that legislation enacted in 1984 expanded the ways in which people could qualify for the DI program, which included allowing symptoms of mental illness and pain to be considered even in the absence of clear - cut medical diagnosis. In addition, disabled beneficiaries also receive coverage under Medicare, regardless of age, after a 24 - month waiting period..The issue of PBM transparency is not a hyper-partisan issue - and that was clear when the U.S. House passed our bill by an overwhelming margin of 403 to 0. That vote should signal just how common high drug prices are in districts across the country, and I'm encouraged by Democrats and Republicans both recognizing the pressing need for our legislation..In a recent Senate Special Committee on Aging hearing, U.S. Senator Claire McCaskill questioned medical and pharmaceutical industry leaders about the financial relationship between physicians and drug companies. Pharmaceutical companies currently spend billions of dollars annually 90 percent of their marketing program on gifts, lunches, drug samples, and sponsorships of education programs for doctors without any form of public disclosure, leading many to question whether economic incentives provided by the industry cloud physicians' judgment and put profits ahead of patients. … Continued

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Currently, Social Security COLAs are based on the way young, urban workers spend their money not the way Social Security beneficiaries do. As a result, goods and services like gasoline and electronics are weighted more heavily than housing and health care two of the fastest growing costs for older Americans. If the COLA were actually based on the way retirees spend their money using the more accurate CPI-E, Social Security beneficiaries would not be receiving a 0.3 percent COLA in 2017, they would be receiving a 2.1 percent increase, according to new data from the Bureau of Labor Statistics..If you own stocks in a retirement account, make sure the company holding your.Here are three things you can start doing right now to lower your Medicare costs … Continued