Pedaling Your Way To Better HealthWashington, DC) An eye - popping new list compiled by The Senior Citizens League indicates that, by late 2020, price increases for many of the expenditures of older Americans far outstripped the modest 1.3 percent cost of living adjustment boost that Social Security recipients start receiving this month. "This list is a snapshot of how COVID-19 affected prices of certain items through the end of November 2020," says Mary Johnson, a Social Security policy analyst for The Senior Citizens League. "There are surprising price aberrations that we haven't seen before," Johnson says. "Never in my wildest dreams would I have thought that toilet paper and disinfecting wipes could wind up on our annual list of fastest growing retiree costs," Johnson says..Across the country Meals on Wheels programs are reducing the number of meals delivered to low-income seniors or shutting down altogether according to a new survey. The programs typically deliver a hot prepared meal five days a week to people over 60 who are homebound and/or unable to shop and cook, low income, or all three. Without Congressional action, the programs will be cut by about .7 million in federal funding this year due to the automatic budget cuts known as "sequester.".The House will also pursue legislation to strengthen the 2010 health care law, Hoyer said. "We've already passed bills on protecting preexisting conditions, but that was a very high priority for us, and we may do something else," he said. … Continued
Thrive Managing Your Mental Health During Covid19Older Americans report that their household budgets jumped substantially last year despite the lack of growth in their Social Security benefits, according to a new survey by The Senior Citizens League. "The gap between benefit growth and retiree costs was particularly pronounced due to rising prices of the most essential items in retirees' budgets, - medical and food costs," says TSCL's Social Security and Medicare policy analyst, Mary Johnson. TSCL today sent a letter to Congressional leaders calling upon them to enact legislation that would provide a modest boost to Social Security benefits..TSCL believes Congress will need to make some difficult spending cut decisions, and soon, in order to find the savings needed to address Medicare shortfalls, while ensuring access to doctors and adequate Medicare coverage without reducing benefits. Notch Babies who turn 85 to 94 this year are hit particularly hard because they are at the age when they are more likely to have chronic health conditions that require costly treatment..The CPI-E Act, if signed into law, would amend the Social Security Act with regard to the annual cost-of-living adjustment for Social Security and Medicare benefits. Currently, the COLA is based upon the spending patterns of young, urban workers, but this legislation would calculate the COLA based on the spending patterns of seniors. … Continued