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On Wednesday, the Social Security and Medicare Trustees released their 2015 reports on the financial outlook of the two programs. At a press briefing, Treasury Secretary Jack Lew said: "Today's reports confirm that both Social Security and Medicare are secure today and will remain secure in the years to come. Consistent with previous years, today's reports also show that these programs are facing challenges that need to be addressed.".Representative John Larson introduced H.R. 860 on January 30, 201It has since been referred to the Committee on Ways and Means..While you may be familiar with the problem of our government using a price index that reflects the inflation experience of younger workers rather than retired people over the age of 62, you quite likely have not heard very much about the specifics of how our government calculates price indexes. What the average person thinks of as a straight - forward mathematical calculation, the federal government can approach in convoluted ways..With work authorization, and if she starts a job under her valid Social Security number, her employers are required to withhold taxes and report earnings into the system. Under this situation Social Security will receive new taxes and the mother would become eligible for retirement benefits based on her own account with about ten years of covered work. She could file a claim for benefits once she meets age requirements..For details, or to see if your Members of Congress will be holding town hall meetings during the summer recess, call their local offices. You can find contact information HERE..To even meet the statutory test of disability, the disabled worker must be unable to work or engage in any "substantial gainful activity." To qualify, disabled workers must have worked in the past, and be unable to work because of a medical condition that is expected to last more than one year or result in death..The debate over cutting entitlement spending, however, isn't new. For years, proposals to cut Social Security and Medicare benefits have been put forth from both sides of the aisle. Consider:.As a result of the COLA projection, it is expected that Medicare's "hold harmless" policy will be applied to a majority of beneficiaries. Around 70 percent of Medicare's current enrollees will continue paying the 4.90 Part B premium in 2016 instead of the projected 9.30 monthly rate, which will be applied to new beneficiaries and some other groups..The Senior Citizens League supports legislation that would provide a more fair and adequate COLA so that seniors living on fixed incomes can better afford rising costs like home heating oil. To learn more, visit.

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In normal political times neither party would allow Medicare to be cut. But because of our current highly partisan times, it would require ten Republicans to join with Democrats to stop the cuts to Medicare with new legislation if reconciliation were used..yourself. If you fall in between, consider looking into the coverage. They.While TSCL strongly agrees that the time has come for Congress to take action on Social Security and Medicare, we question whether rescue committees would work as desired. Over the past 25 years there have been numerous committees and commissions that developed contentious plans to change Social Security and Medicare. None have been successful in getting their plans adopted as major legislation. … Continued

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Find out if there are less costly options you can try: If you learn you are taking an expensive drug or one that's not covered by your drug plan, call your doctor to find out if there are generics or older, less expensive drugs that you could try. When trying out a new prescription ask your doctor for free samples, to allow time to determine whether it will treat your condition as effectively, and to monitor for potential negative side effects..In the meantime, The Senior Citizens League supports legislation that would boost Social Security benefits and tie the annual COLA to an index that better reflects the expenditures of retirees, such as the Consumer Price Index for the Elderly. To learn more visit..In our Sept. 26 Update, we told you about the new Drug Discount Card that President Trump had just announced would be available to some seniors. At that time, there were few details about the program because, as one White House official put it, the idea of a drug discount card was a "last-minute thing that is still being worked out." … Continued

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