In a rare holiday session, Members of the House and Senate voted to pass the American Taxpayer Relief Act in order to avert the Fiscal Cliff. With votes of 89-8 in the Senate and 257-167 in the House, the bill was approved in the first hours of the New Year, and it was signed into law by the President on Wednesday. The measure permanently extends the Bush-era tax rates for individuals making less than 0,000 and couples making less than 0,000, and it allows rates to increase for those making more. The law also temporarily prevents a 27 percent pay cut for physicians who treat Medicare patients, and it includes a two-month postponement of the automatic spending cuts that were scheduled to take effect on January 1st..What we hope is that we will spur you to take action and make a difference in helping us protect, preserve, and improve the programs you depend so much on: Social Security, Medicare and Medicaid..TSCL Releases 2018 Loss of Buying Power Study."It's about time," states Johnson. At the time of passage of the Affordable Care Act, this tax was widely referred to as a "Medicare" tax in the media, by tax and investment professionals, and, many lawmakers sold it to the public that way. "Now those revenues are needed by the Medicare Part A Hospital Insurance Trust Fund," says Johnson. Part A is three years from insolvency and faces an estimated funding gap of more than 5 billion over the next ten years..TSCL is adamantly opposed to "Chaining the COLA" and continues to fight it. TSCL is gathering the signatures of thousands of seniors. Should the plan achieve passage, TSCL is prepared to lead a national repeal campaign of the same kind that resulted in the immediate repeal of "Medicare Catastrophic" in the late 1980s. To sign a petition or to learn how you can take part in our campaign, visit TSCL on the web at..Medicare has recently made revisions to its payment rules, but those changes do not drop the three day of inpatient care for nursing home coverage, or require hospitals to tell patients when they are getting observation care. Legislation has been introduced in Congress that would count observation stays as part of the three hospital days required for nursing home coverage..The Senior Citizens League is hopeful that Congress will pass responsible reforms to the Social Security and Medicare programs as soon as possible to strengthen benefits and restore the solvency of the Trust Funds. For more information about legislation that has been endorsed by The Senior Citizens League, visit the Bill Tracking section of our website..With about 1 million supporters, The Senior Citizens League is one of the nation's largest nonpartisan seniors groups. Located just outside Washington, D.C., its mission is to promote and assist members and supporters, to educate and alert senior citizens about their rights and freedoms as U.S. Citizens, and to protect and defend the benefits senior citizens have earned and paid for. The Senior Citizens League is a proud affiliate of TREA The Enlisted Association. Please visit or call for more information.benefit does not cover some extras like drugs, supplies and extra

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"This is an important perspective to have in our current legislative environment," says Johnson. Some Members of Congress are discussing indexing the COLA to the more slowly growing "chained" consumer price index. "The current index used to calculate the COLA already understates inflation experienced by retired beneficiaries, because it doesn't adequately represent the spending of older consumers," Johnson explains. "A more slowly growing index would only exacerbate the problem of maintaining the buying power of Social Security benefits over time," she says..Needless to say, the Centers for Medicare and Medicaid Services still lacks the effective oversight to monitor the wasteful payments that continue to plague the system. The Obama administration has made efforts to increase Medicare's accountability and reign in the waste and fraud that remain at an all time high level. In an education initiative, President Obama recently announced an increased effort and funding for a "Senior Medicare Patrol" program designed to educate Medicare beneficiaries on fraudulent spending from healthcare providers. The goal is to bolster Medicare fraud education programs for seniors across the country, highlighting ways to spot and report suspicious fraudulent activity from healthcare providers..Many enrollees in traditional Medicare have purchased a supplemental Medigap policy that covers the out - of - pocket expenses of Part B. Premiums for those policies could also rise as insurers anticipate higher outlays for costs associated with Aduhelm. On the other hand, out - of - pocket costs would be the big cost issue for enrollees in Medicare Advantage plans. According to experts at Kaiser Family Foundation, 500 thousand patients taking Aduhelm could add about per month to the Medicare Part B premium, which in 2021 is 8.50 for most beneficiaries, to as much as 5 a month for higher income beneficiaries who pay a surtax on their premium. … Continued

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On Thursday, Senate lawmakers passed legislation to suspend the debt ceiling until next spring, fund the government through December 8th, and provide .25 billion in relief to victims of Hurricane Harvey. At the time of writing this week's legislative update, the House had not yet voted on the legislation, but it is expected to pass with bipartisan support by the end of Friday afternoon..To learn more about important issues affecting seniors, to sign a petition to Congress, or to find contact information or your Members of Congress, please visit the ACTION CENTER of our website..Your earnings from work will reduce your benefits if you are under your full retirement age and the earnings are more than the annual limit. The age at which people become eligible for full retirement benefits has been gradually rising. The full retirement age for people born from 1943 through 1954 is 66. … Continued

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