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The number of people who rely on Social Security for 90% or more of their income is growing. In 1976 one in four Social Security recipients relied on Social Security for most of their income, today one in three do. "Those who do rely on Social Security for most, or all, of their income are living very close to the poverty level," Cates says. The average Social Security benefit in 2014 was only ,304 for the year. That's just 18% above the U.S. poverty level - ,670 for a household of one..Learn if there's an older, less expensive drug that you can try first. If you have a copy of your drug plan's formulary you may want to take that with you to the doctor's office to assist with checking an alternate medication, and what you will pay out-of-pocket..Between July 2013 and July 2014, the prices of more than 1,200 generic drugs increased an average of 448%. What do you believe should be done to manage the extreme cost increases of prescription drugs?.In a Wednesday speech on the House floor, Speaker John Boehner stated, "What we are dealing with is a President who has ignored the people, ignored the Constitution, and even his own past statements. In fact, on at least twenty-two occasions, he has said he does not have the authority to do what he did." In response to the bill's passage, White House officials issued a veto threat and said "there's no reason to tinker with the administration's actions at all.".The stakes are high for retirees, who want Congressional action. Eighty eight percent of those of you who took our 2021 Senior Survey want Congress to reduce prescription drug costs by allowing Medicare to negotiate prices. Congressional inaction would cost all of us dearly, if lawmakers fail to take action to boost Social Security benefits and enact reforms that would strengthen Social Security's financing for decades to come..This week, one new cosponsor Rep. Adam Smith signed on to the Social Security 2100 Act, bringing the total up to 16The bill, which was introduced just over a month ago, has more support in Congress than any other comprehensive Social Security reform bill to date..Based on projections by the Trustees, Medicare Part B premiums will likely increase by around .80 next year, so the typical beneficiary will pay 4.30 per month, up from 5.50 in 201The Senior Citizens League is currently predicting a 2020 Social Security cost-of-living adjustment of around 1.2 percent, based on Consumer Price Index data through March. If those estimates are correct, most Social Security beneficiaries will see very modest increases in their net Social Security benefits next year after Medicare Part B premiums are deducted..In 2017, you are allowed to earn ,880 or in the months prior to full retirement age without any reduction to your benefits. If you earn more than that, Social Security will withhold in benefits for every over that amount..In the final days of the holiday recess, many Members of Congress will be holding town hall meetings and attending local events in their home states and districts. The Senior Citizens League encourages its members and supporters to attend these events and to ask important questions about the BCRA and its potential impact on older Americans, like the following two…

Ncsl In Dc Publications And Resources Capitol To Capitol June 14 2021
In 2010, to generate support from wary seniors, proponents of healthcare reform widely touted new Medicare benefits under healthcare reform with mailings and even an ad campaign featuring Andy Griffith of Mayberry R.F.D. But virtually nothing about the controversial changes - like determining Part D premiums based on income - ever made it into the media, let alone Andy's scripts..For information about town hall meetings near you during the final days of the spring recess, call the local offices of your elected officials. You can find contact information for your Members of Congress right here..Members named to Congressional Conference Committee … Continued

Stuck At Home Takes A Toll On Mental Health
Medical: Medicare recently reported the lowest growth in healthcare costs on record based on spending through 20But that's not the case for seniors. In fact, since 2000, Medicare Part B costs rose as fast as the cost of gasoline. Seniors will receive notification this month of their Medicare Part B premium for 201It's also important to check your Part D drug coverage. Medicare Part D's infamous drug coverage gap, aka the "doughnut hole," is slowly closing a widely touted benefit of the 2010 healthcare law. Several Part D costs, like the "standard" deductible, and the out-of-pocket costs thresholds, will be lower in 201But for the first time since Part D started, the initial coverage amount, the amount all seniors use when they fill a prescription, will be less generous by 0. That means you may hit the doughnut hole coverage gap sooner..The first change affects those who hit the Medicare Part D donut hole, or the gap in coverage that occurs after a beneficiary's total drug costs reach ,970 and before they total ,750. According to the Department of Health and Human Services, last year 2.8 million seniors who hit the donut hole saved an average of 7 on prescription drugs due to the Affordable Care Act. This year, Medicare will provide an additional subsidy to those who hit the coverage gap, resulting in an additional in savings for the average beneficiary..The federal government remained partially closed this week for the fifth straight week. It remains the longest government shutdown in United States history, and at the time of writing this week's legislative update, only minor progress had been made towards a bipartisan deal to end it. … Continued

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