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TSCL - The Voice for Seniors
The Advisor, June 2014
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Protecting Social Security & Medicare

These Ten Fastest Growing Costs Can Blow Senior Budgets

Seniors have lost 31% of the buying power of their Social Security benefits since 2000. The findings are the same as last year; showing no improvement in the buying power of Social Security benefits, despite recent low inflation. Since 2000, the Social Security Cost of Living Adjustment (COLA) has increased benefits just 41% while typical senior expenses jumped 84%, more than twice as much. Read more »

Will Immigration Reform Put Illegal Immigrants On Path To Social Security?

A push in the House to give legal status to illegal immigrants is reviving some movement toward immigration legislation this year. But the effort is running into outspoken opposition, including that from TSCL's grass roots senior members and supporters. Read more »

Attention Congress! Seniors Reject Retirement Trust Fund Borrowing As Disability Fix

According to the Congressional Budget Office, the Social Security Disability program will be fully insolvent by 2017, but so far Congress has given little public indication as to how it would fix the program. Read more »

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The Benefits You Deserve

Benefit Bulletin

Will It Work? New Program Hopes To Lower Costs Of Caring For Low-Income Seniors

An experimental new program will affect the healthcare coverage of low-income seniors in 17 states over the next three years. Participating states are hoping that better coordination of healthcare, for the 9 million "dual-eligible" beneficiaries who receive both Medicaid and Medicare, will reduce costs for this very expensive group that currently totals $350 billion a year. Read more »

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Fact
  LEGISLATIVE UPDATES  
LEGISLATIVE UPDATES

June 2014 Update By Jessie Gibbons, Legislative Assistant

Since 1990, Medicare has been considered a high-risk program due to its complexity and its susceptibility to fraud, waste, and abuse. Last year alone, the program spent at least $44 billion on “improper payments”. Those are payments made due to fraud, waste and abusive billings. Read more »

  CONGRESSIONAL CORNER  
CONGRESSIONAL CORNER

Keeping the Promise of Social Security

Social Security is a promise our country must keep. If you work and pay into the system, you should have the opportunity to retire with dignity and respect. This promise is part of what makes America exceptional — the idea that after a lifetime of work, Americans deserve security in retirement. Read more »

 
 
  TIPS FOR SENIORS  
TIPS FOR SENIORS

Having Trouble Paying for Veterinary Care For Your Pet?

If you own a pet and have been to the vet lately, the bill may have taken a big bite out of your budget. Like human healthcare, the cost of vet services is growing several times faster than inflation. But unlike human healthcare, the cost of vet services has been growing even faster than the cost of medical services from your doctor – 68% faster in 2013 alone. And although you may have Medicare or some other type of health insurance for yourself, chances are you don’t have health insurance for your pet – meaning you foot 100% of the vet bills. Read more »

  FAQS  
ASK THE ADVISOR

What Happened To My Higher Retirement Benefit?

Q: When my husband and I were planning the timing on our Social Security benefits, our financial advisor suggested that we could maximize our payout if I started with a spousal benefit based on my husband's account, while letting my own retirement benefit grow. I continued to work and started the spousal benefit at age 66, my full retirement age. Now I am 70, but have not received any notice from Social Security about my own retirement benefit. Does this mean I won't get anything higher than I already receive? Read the answer »

 
Fact

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