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May 2006 Essma
Questions & Answers Q: I have earned all the Social Security credits in private employment that I need to be entitled to benefits, but as a civil service retiree I am unfairly penalized under the Windfall Elimination Provision (WEP). I receive only $95 per month in Social Security. The gross amount I would otherwise receive is $158. My Social Security benefits are cut by the WEP about 40%. What position does TSCL take on this issue? Ask the Advisor: Medicare Part D Will Cost Me More Q: Medicare Part D is a rip off. My wife and I will pay more for our medication now, because we cannot afford to take the risk of not enrolling. We were getting most of our drugs from Canada, but under Part D we not only have to pay a monthly premium, but also have co-pays, plus much higher prices for our medication to meet the deductible or if we hit the doughnut hole. Forcing us to do this is simply not fair. What happened to the legislation to legalize the importation of drugs from Canada? Enrolled In A New Drug Plan? New Medicare drug plans may help many save on prescription costs especially if you formerly had no drug coverage. Senate Takes Up "Guest Worker" Immigration Legislation A highly contentious debate over immigration reform is underway in Congress Congressional Corner: Changes to Medicare Increasingly Threaten Seniors' Financial Security For more than 40 years, seniors have counted on Medicare for affordable, reliable and quality healthcare. Notch Bulletin: Support For "The Notch Fairness Act" Near Highest Level in Decade Proposals to trim Social Security benefits continue this year. Confusion Deterring Part D Enrollment Says 2006 Advisor Senior Survey Seniors' confusion over Medicare Part D is turning out to be a major deterrent to enrollment. Legislative Update: The Unkindest Cuts: How Can We Rein In Medicare Costs? Medicare's rampant spending growth is attracting the attention of the President and many Members of Congress. "Part D" Problems Continue to Emerge Medicare Part D was barely in operation a month before Congress had called two hearings on widespread problems.
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