About four million seniors born from 1917 through 1926, commonly referred to as "Notch Babies," would receive their choice of a ,000 lump-sum payable in four annual installments, or higher monthly Social Security benefits. The legislation, known as "The Notch Fairness Act" seeks to correct a disparity in benefits caused the last time Congress overhauled the benefit formula in 1977, that began to affect seniors who started to retire just two years later..Finally, there is little support for the tax cut among senior citizens. The findings of TSCL's 2012 Senior Survey have indicated that nearly fifty–six percent of seniors disagree with the use of the payroll tax cut as a means to stimulate the economy. Among those surveyed, only twenty-five percent said they agree with the use of the tax holiday..When it comes to the quality of everyday life for seniors, one of the most important variables is access to prescription drugs. Many folks take them every day without a second thought. But what if you could no longer afford these important medications, or, if you had to choose between them and other necessities like food or rent? Even slight price increases can create real financial burdens for many seniors and their families. Unfortunately, the price of prescription drugs has been on the rise over the last several years and that doesn't seem to be slowing down. And a big part of the reason is underhanded collusion by some drug companies themselves. Drug manufacturers have figured out a way to beat the system and guarantee money in their pockets at your expense..Medicare has begun a major program change that affects diabetics who get supplies home delivered and other seniors who rent medical equipment like home oxygen gear and wheel chairs. The program is intended to help seniors save money when they buy supplies and rent equipment, but TSCL believes it is more likely to first cause confusion and surprise unanticipated costs until patients figure out the new system..Example: In 2018 you are allowed to earn ,040 per year or ,420 per month without Social Security withholding any of your benefits. Let's say you earn more, ,900 per month. That would mean you would earn 0 more than the limit. Social Security would reduce your benefit by 0 per month, leaving you with just 0 per month. In addition, your earnings would also subject a portion of your Social Security benefits to taxation.."The Senior Citizens League strongly opposes this effort to overturn Americans' access to health care," Johnson asserts..As we all know, seniors are being hit the hardest by the coronavirus. To add even more insecurity and uncertainty to the lives of seniors is just plain wrong..Rep. Charles Gonzalez introduced H.R. 456 on January 26, 201It has since been referred to the House Committee on Ways and Means..This week, lawmakers in the House passed legislation to repeal the controversial Independent Payment Advisory Board, and The Senior Citizens League announced its support for one new piece of legislation.

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The fact that there are actually two Social Security trust funds is important when you break down the numbers behind the trust funds' cash deficits. According to the Social Security Trustees' "intermediate" projections, the OASI trust fund would run a cash deficit of billion in 2010, and the DI trust fund a billion cash deficit..Currently there is a 2% tax cut on the Social Security payroll tax workers pay. That tax cut is due to expire December 31, 201Do you favor a further extension, and if so how would you pay for it?.This is obviously an area of concern for many TSCL members who get their prescriptions delivered through the mail as well as though who receive monthly checks by mail. If you have problems with late delivery, we urge you to contact your own Senators and Representative and let them know. Congress needs to put pressure on the postal service to get this problem fixed. … Continued

Transportation C64

[ii] Ibid..serious or whether it's just a "natural part of growing older," which in any.But not all beneficiaries are protected by the hold harmless provision. The provision covers about three-quarters of beneficiaries who would not see any change in their basic Part B premiums in 2010, according to the Actuary for the Centers for Medicare and Medicaid Services. But one quarter of beneficiaries would face reductions to their monthly Social Security checks as money is deducted to cover the increased Part B premium costs. And although the "hold harmless" provision provides protection from the rising Part B premiums, that provision of law does not apply at all to Part D drug coverage or Part C Medicare Advantage plan premiums. If a person's Part D or Medicare Advantage plan premium goes up, he or she would have less Social Security to live on in 20An emergency COLA, however would offset those costs and prevent those reductions. … Continued

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