Legislation
BellTel Supports 

The Association of BellTel Retirees Supports

The Social Security COLA Protection Act 

About this bill:

Ø      The Social Security COLA Protection Act of 2007 would protect seniors’ Social Security income from increases in prescription drug and other health care costs.

Ø      The bill guarantees that no more than 25 percent of a Social Security beneficiary’s annual cost-of-living adjustment (COLA) could be consumed by increases in Medicare Part B and Part D premiums.  

Why is this so important ?

Ø      In 2008 rising Medicare premiums will already consume one-fourth of the average Social Security COLA.

Ø      Women and minorities, who tend to have lower retirement incomes, are most affected by hikes in the cost of prescription drugs and health care; some low-income beneficiaries already lose their entire COLA due to rising health care costs.

Ø      Social Security benefits will be further diminished for those who subscribe to Medicare Part D, as premiums grow each year and by Part D premiums that grow each year as the cost of drugs used by Medicare beneficiaries increases.

The Association of BellTel Retirees Inc.
P.O. Box 33
Cold Spring Harbor
New York 11724
(631) 367-3067
association@belltelretirees.org
Updated 01/14/2008