News

  • Ask The Advisor July 2014

    The Congressional Budget Office (CBO) projects that spending for Social Security, Medicare, other major healthcare programs, defense, and interest payments alone would require every dollar of revenue in about eight years, leaving nothing left over for the rest of the federal budget. The CBO further says that federal debt cannot grow faster than the nation's output indefinitely without causing long-term damage to the government's finances and broader economy. .You may qualify if your yearly income and "resources" or savings are below the following limits in 2017: .The Senior Medicare Patrol informs and empowers beneficiaries so that they may better detect, report, and protect against Medicare fraud. Volunteers focus on identity protection, and they also teach seniors to identify potential scams and to properly read their Medicare Summary Notices. There were more than fifty active Senior Medicare Patrol projects as of last year, with at least one in each state. To learn more about the Senior Medicare Patrol or to find a program near you, click HERE. … Continued

  • Ask The Advisor January 2011 Advisor

    It also included a second round of direct payments of ,200 per person, and up to ,000 per household. The bill also extended the 0 per week federal unemployment insurance benefit through January, which expired at the end of July. .Unlike Medigap plans, Medicare Advantage plans charge a co-payment every time you visit a doctor, use a lab, or have a brief hospital stay. In fact, Medicare Advantage plans can charge a very hefty 5 — 5 per day co-payments for hospital stays that generally would cost nothing at all under Medigap supplements for the same period. Seniors, especially those who are older, and who might require hospitalizations or have chronic health conditions, may wind up spending as much or even more out-of-pocket in a low, or no premium Medicare Advantage Plan as they would with under a Medigap plan. Medicare Advantage plans appear to be more advantageous for seniors who: .Instead they learned they received observation care, which is considered an outpatient service, and is billed under Medicare Part B. With that designation, patients can have higher out-of-pocket costs even though they may have the very same health problems as people admitted as inpatients. … Continued

Two weeks after President Trump signed an executive order "Lowering Drug Prices by Putting America First," the White House still has not released the text of the order. The unorthodox move is apparently a leverage play, an attempt to squeeze drug companies into offering concessions. .TSCL is working for legislation that would provide greater retirement security for older Americans as well as strengthening financing for Social Security. To learn more, visit . .Many expected the Obama administration to seek an emergency review of the decision by the Supreme Court, but on Wednesday, the Justice Department announced that it would not. Instead, the administration said it will focus on another 5th Circuit hearing that's scheduled for the week of July 6th. .Why Does My Doctor's Office Need to Call My Insurer Before Scheduling a CT Scan? .The other two actions are related to eviction protections and student loan relief. ."'We find no indication that these reductions in demand affect only ‘low-value' drugs; on the contrary, those at the highest risk of heart attack and stroke, who would benefit the most from statins and antihypertensives, cut back more on these drugs than lower-risk patients.'" .Now more than ever, we must fight to ensure that when older Americans retire they can look forward to a stable economic future and reliable, high-quality healthcare. During the devastating economic recession, older Americans saw their hard-earned savings dwindle, lost millions in diminished pension funds, and were laid off just a few years before retirement. Now, Congress must work past partisan gridlock to support seniors. During my time in Congress, I've fought for seniors by reaching across the aisle to protect landmark programs like Medicare and Social Security and introduced commonsense legislation that will strengthen the financial security of older Americans. .A second of the measures the President signed on Saturday aims to provide 0 in weekly unemployment aid for millions of Americans. Trump said 25 percent of this money would be paid by states, many of which are already dealing with major budget shortfalls. The federal contribution would be redirected from disaster relief money at the Federal Emergency Management Agency. Those funds are not likely to last more than two months, and the President did not say when the benefits would kick in. .Larson will soon be reintroducing the Social Security COVID-19 Correction and Equity Act. This bill prevents an unintended and unanticipated cut to Social Security benefits for those affected; it also expands benefits for those who need it most during COVID who have faced long term systemic economic inequalities.