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  • Ask The Advisor May 2011 Advisor 2 Feed

    Medicare's Fall Open Enrollment Period started on October 15th and will run through December 7th. For the past 14 years, I have volunteered to help neighbors and friends learn about changes in their current Part D prescription drug or Medicare Advantage coverage during this period. We compare options, track down the lowest costing plans and pharmacies, and often switch to a lower-costing plan when there's a better deal. .Starting a new medication can sometimes take you by surprise when drug plans don't cover the drug or charge higher co-pays than you can afford. If you're having trouble covering the cost of your medicine, here are some things to try: .Payroll taxes, and the taxes that people pay on a portion of their Social Security benefits, are two major sources of program funding. The Social Security Trust Fund also receives interest payments from the U.S. Treasury for the money that the federal government has borrowed when the program was in surplus. In fact, the … Continued

  • H R 2305 Preventing And Reducing Improper Medicare And Medicaid Expenditures Prime Act

    At the time of writing this week's update, the House had not yet voted on the measure, but its passage is expected in that chamber by Friday. The committees of jurisdiction will then begin working on legislation to repeal the health care law. Through the budget reconciliation process, the Affordable Care Act is expected to be repealed by as early as February, and lawmakers hope to have a replacement plan signed into law soon after. .The petitions that poured into Congressional offices this spring urged each Representative and Senator to support key bills like the Consumer Price Index for Elderly Consumers (CPI-E) Act, the Social Security Fairness Act, and the Notch Fairness Act, each of which would go a long way in protecting the earned benefits of seniors. The petitions also protested issues that our members feel strongly about, like amnesty for illegal immigrants and the pending Social Security Totalization Agreement with Mexico. .Support Grows for Key Bill … Continued

If signed into law, the Social Security Protection and Truth in Budgeting Act would amend the Social Security Act to ensure that receipts and disbursements of the Social Security Trust Funds are not included in a unified federal budget. It would also mandate that Trust Fund monies cannot be diverted to create private accounts. .It's hard to say until you crunch the numbers. You may qualify for Social Security benefits with as little as ten years of work through your self-employment. But even if you do, you will be subject to the Windfall Elimination Provision (WEP) which reduces Social Security benefits when you receive a pension based on non-covered government employment. .TSCL's Endorsement Sought for Social Security Bill .On Tuesday, the federal government shut down for the first time in seventeen years due to a legislative impasse between leaders in the House and Senate. Four days in, neither side has wavered much from its position. Leaders in the Senate are pressuring the House to pass a "clean" temporary funding measure, while leaders in the House continue to demand provisions that would delay or defund the Affordable Care Act. .TSCL feels that individuals should not be penalized financially if they are unable to enroll on time due to technical issues with the website, and we enthusiastically support the Delay until Fully Functional Act. We look forward to working with Sen. Rubio and Rep. Radel in the coming months to help build support for their bill. .Sources: "Social Security Benefits Related to Unauthorized Work," SSA Office of the Inspector General, March 2003, A-03-03-2305"Illegal Immigrant Crackdown Looms," Nicole Gaouette, The Los Angeles Times, August 3, 200 .Second, one new cosponsor – Representative Bradley Byrne (AL-1) – signed on to the bipartisan Social Security Fairness Act (H.R. 1205), bringing the total up to 195 cosponsors. If adopted, this critical bill would repeal the Government Pension Offset (GPO) and the Windfall Elimination Provision (WEP) – two provisions that unfairly reduce the Social Security benefits of millions of teachers, police officers, and other state and local government employees each year. Its passage would ensure that retired public servants receive the Social Security benefits they have earned and deserve. .Your mail order pharmacy may require that your doctor fax the prescription and you will also mail in the original as well as other required forms, your check, or credit or debit card information. Be sure to find out when medications requiring refrigeration are shipped so you can be expecting them. In general, you can order refills after 60 days or so. .TSCL is relieved that Congress has finally reached an agreement after weeks of heated negotiations. Another government shutdown like the one that occurred for sixteen days in 2013 could have resulted in delayed Social Security checks or interrupted reimbursements for doctors who treat Medicare patients. We will follow the movement of the deal very closely in the coming days, until it is signed into law by President Obama. In the meantime, follow us on Facebook or our new Twitter page for frequent updates.