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H R 1179 Improving Access To Medicare Coverage Act
The CPI-E regularly puts the spending inflation for seniors at two-tenths of a percentage point higher than the rate at which the CPI-W increases. That may seem like an insignificant amount, but over a twenty-five-year retirement, COLAs do compound significantly. We estimate that a senior who filed for Social Security benefits around thirty years ago would have received nearly ,000 more in retirement if the CPI-E had been used to calculate COLAs. ."'I don't anticipate that anything gets there before Election Day,' Chief of Staff Mark Meadows told reporters Wednesday. ‘I think that was a concern that there might have been a look that this was done for a political motivation. That's not the case.'" .After the hearing TSCL contacted Chairman Larson's office to ask why he hasn't reintroduced his Social Security 2100 bill yet and we look forward to hearing from him about this. We have been urging him to do so for weeks now and we hope he will do it now. … Continued
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Category Best Ways To Save Feed
Rick is currently retired from the Central Georgia Multiple Listing Service, Inc., after serving 15 years as President and Chief Executive Officer. .New legislation, called the "National Senior Investor Initiative Act" or "Senior Security Act" (H.R. 1565), was introduced earlier this month with two Democrats and two Republicans as cosponsors. .Last week, Treasury Secretary Steven Mnuchin warned lawmakers that the suspension of the debt limit would expire on March 15th. That deadline has come and gone without congressional action, and the Treasury Department is now using "extraordinary measures" – like postponing contributions to retirement accounts for federal employees – to prevent a default. … Continued
During these meetings, the following issues were discussed: Social Security cost-of-living adjustments, Social Security Notch fairness, Social Security Totalization Agreement reform, and repeal of both the windfall elimination provision (WEP) and the government pension offset (GPO). Support was expressed for many of these key issues, and TSCL looks forward to working with these offices in the future. .TSCL believes that Congress should strengthen Social Security's protections by enacting legislation to prohibit the use of unauthorized earnings from being counted toward eligibility for Social Security benefits, "a change that should be made regardless of the outcome of the Supreme Court decision or whether Congress moves on immigration or Social Security reform," Cates says. .Finally, two new cosponsors signed on to the Preventing and Reducing Improper Medicare and Medicaid Expenditures (PRIME) Act (H.R. 2305) this week, bringing the total up to sixty-five. The new cosponsors are Reps. Tom Cotton (AR-4) and Matt Cartwright (PA-17). If signed into law, the PRIME Act would take a number of steps to comprehensively prevent fraud, waste, and abuse within Medicare and Medicaid – a problem that TSCL believes must be addressed in order to ensure that scarce program dollars are being spent properly. .To learn more and to participate in TSCL surveys and polls, visit . .Once the costs that both you and your drug plan have paid exceed the above limit, then you will pay 25% co-insurance for brand drugs in 2019, and your drug plan will pay 5%. There's a manufacturer discount of 70%. For generics, you will pay 37% and plans pay 63%. This phase of coverage — which is called the "doughnut hole" or coverage gap —lasts until you have a spent a total of ,100 out-of-pocket on prescription costs. Please note that what you pay in premiums does not count toward out-of-pocket costs. Once you have spent ,100, which counts the manufacturer discount portion of the drug cost in the doughnut hole, then you reach the Part D catastrophic threshold. Medicare pays 80%, plans pay 15% and enrollees pay the greater of either 5% of total drug costs or .40/.50 for each generic/brand-name drug respectively. .Rick is also an advocate for all Veteran causes and currently serves as The Senior Citizens League (TSCL) Chairman. .Due to changes made to the Social Security benefit formula in the late 1970s, Notch Babies receive lower Social Security benefits than other Social Security recipients born before and after them with almost identical earnings. To learn more, or to add your name to TSCL's Notch Register, call 1-800-333-TSCL (8725). .Lawmakers from both the House and Senate remained in their home states and districts this week to continue the month-long August recess. They are expected to return to Washington on September 5th, following the Labor Day holiday. .In addition to drug manufacturers, major business groups and 32 conservative organizations to his actions and have been lobbying The President to change his mind.
