Navigation Links
One in Seven Seniors Faces Social Security Check Cuts in 2010
Date:6/10/2009

At Least 6.8 Million Affected; Total Could Include Millions More

WASHINGTON, June 10 /PRNewswire-USNewswire/ -- Close to seven million seniors -- one in every seven -- will receive a smaller Social Security check next year, according to a new analysis by The Senior Citizens League (TSCL). Millions of other seniors who do not have their Medicare premiums automatically deducted from their checks will also have fewer Social Security dollars leftover next year.

These seniors will be affected because their Social Security Cost of Living Adjustment (COLA) is forecast to be zero next year, while their Medicare Part B (doctors' visits, tests, and outpatient hospital care), Part C (Medicare Advantage) and/or Part D (prescription drugs) premiums are forecast to rise.

Affected seniors generally fall into one of two groups, if not both:

  1. MEDICARE PART B: HOLD HARMLESS PROVISION: Approximately three million seniors will endure cuts because they are not protected by a "hold harmless" provision that prevents the vast majority of beneficiaries from receiving smaller Social Security checks in years when Medicare Part B premiums exceed the COLA. Two groups of seniors will not receive hold harmless protection in 2010:
    1. MEANS TESTING: 2,121,500 beneficiaries who pay higher premiums due to Part B "means testing." Individuals with adjusted gross incomes (AGI) above $85,000 and couples over $170,000 are affected.
    2. NEW ENROLLEES: 848,000 new enrollees will pay the 2010 premium rate, forecast by Medicare's Trustees to be $104.20 per month, instead of the current rate of $96.40 per month that tens of millions of seniors will continue to pay next year due to hold harmless.
  2. MEDICARE PARTS C & D: More than 3.8 million other seniors will see smaller Social Security checks next year due solely to likely increases in Medicare Parts C and D, for which no hold harmless provision exists. Note: Millions of other seniors will also be affected, as our estimate includes just those who will have automatic reductions to their Social Security checks. Additional millions of seniors who pay plans directly will also have fewer Social Security dollars leftover next year.

"It's bad enough that seniors will have to endure rising costs next year without an increase in their Social Security checks -- but to actually cut checks for millions of seniors in this economy borders on cruelty," said Daniel O'Connell, TSCL chairman. "Our members are already unable to afford their prescriptions, rent, and air conditioning. We simply can't survive year-after-year of cuts."

See "Night in America," our latest video about seniors at risk, at www.YouTube.com/SeniorCitizensLeague.

A majority of those aged 65 and over who receive a Social Security check depend on it for at least 50 percent of their total income, and one in three beneficiaries rely on it for 90 percent or more of their total income.

TSCL is lobbying for a change in the Consumer Price Index (CPI) used to determine the COLA.

TSCL supports two CPI-E (Consumer Price Index for the Elderly) bills in the current Congress: H.R. 2429 and H.R. 2365.

To read the full press release, visit www.SeniorsLeague.org.

With 1.2 million supporters, The Senior Citizens League (TSCL) is one of the nation's largest nonpartisan seniors groups. TSCL is a proud affiliate of The Retired Enlisted Association.


'/>"/>
SOURCE The Senior Citizens League
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Health Level Seven Appoints John Quinn as CTO
2. AMERIGROUP Contracts with Federal Government to Offer Medicare Advantage Health Plans in Seven States
3. Kaiser Permanente Study Shows One in Seven Women are Depressed Before, During, or After Pregnancy
4. Hospital Corporation of America Purchases Seventh CyberKnife(R) System
5. Seven Finalists Announced for 2007 Insight Award for Customer Advocacy in Healthcare
6. New Poll Finds Nearly Seven in 10 New Jersey Voters Support Smoke-Free Casinos
7. President Musevenis Visit Protested by HIV/AIDS Experts
8. HealthPartners is National Benchmark in Six Out of Seven Areas in National Business Coalition on Health Report
9. CNN Honors Extraordinary Deeds of Seven Everyday People in Global Event
10. Medifast, Inc. Receives Approval to Sell Medifast Weight Control Centers Franchises in Seven Additional States
11. Seven Community Service Organizations Granted Over $60,000 From Delta Dental Of Illinois
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/5/2016)... ... February 05, 2016 , ... ... of Popeyes Louisiana Kitchen restaurants, launched the 14th annual “Appetite for a Cure” ... adults with muscular dystrophy, ALS and related diseases that severely limit strength and ...
(Date:2/5/2016)... New York, New York (PRWEB) , ... February 05, 2016 , ... ... your life? The answer may be at the tips of your toes. Foot massage, ... benefits as well as pure comfort and relaxation. The American Board of Multiple ...
(Date:2/5/2016)... Toronto, Ontario (PRWEB) , ... February 05, 2016 , ... ... the Scarborough General Hospital Burn Unit, plastic and cosmetic surgeon Dr. Wayne Carman transitioned ... the Scarborough Hospital. He successfully completed his first three-year term as chief and began ...
(Date:2/5/2016)... ... 2016 , ... US Sports Camps , official operators of Nike Yoga ... kids yoga training. ChildLight Yoga Studio is centrally situated in the picturesque New England ... Yoga Studio founder Lisa Flynn expresses her excitement, “We are thrilled to be partnering ...
(Date:2/5/2016)... (PRWEB) , ... February 05, 2016 , ... The American ... technology, such water may be safer than regular municipal or well water. The recent ... radio host Sharon Kleyne, could go a long way toward increasing public acceptance of ...
Breaking Medicine News(10 mins):
(Date:2/5/2016)... OAKS, Calif. , Feb. 5, 2016 Amgen ... 5 th Annual Global Healthcare Conference at 9:15 a.m. ... York City . David W. Meline , executive ... at the conference. Live audio of the presentation can be ... , under Investors. A replay of the webcast will also ...
(Date:2/5/2016)... Feb. 5, 2016  ivWatch, a medical devices company, is ... Award granted by Governor Terry McAuliffe,s office. ivWatch ... February 25th at an event to be held at the ... award honors professionals and business that have made significant contributions ... Logo - http://photos.prnewswire.com/prnh/20160205/330117LOGO ...
(Date:2/5/2016)... -- Aralez Pharmaceuticals Inc. ("Aralez") today announced the completion of ... Canada Inc. ("Tribute") following approval of the transaction by ... company will operate under Aralez Pharmaceuticals Inc. ("Aralez"), a ... Canada , Ireland and ... terms of the Agreement and Plan of Merger and ...
Breaking Medicine Technology: