News

  • Seniors And The Covid Vaccine

    Federal law requires that any reduction in payroll tax revenues going into the Social Security Trust Fund must be replaced dollar-for-dollar with general revenues from the U.S. Treasury. Consequently, a temporary extension of the payroll tax cut will have no effect on the Social Security Trust Fund. .Resource online: StopMedicareFraud.gov . You are fortunate to already be in a Medicare drug plan that covers Lantus because not all Part D plans do. If your drug plan had been one of the several Medicare Part D plans that doesn't cover Lantus, this drug could cost as much as 0 per 100/ml vial. Many diabetics need about 3 vials per month to control their blood sugar, which would cost more than ,000 over a 12-month period. But since you are in a plan that covers Lantus and presumably the other drugs that you take, here's what to expect when you exhaust 2019's Part D initial coverage limit of ,820 in total drug costs, which includes what both you and your drug plan pays. … Continued

  • Congress Considers Medicare Advantage Pre Approval Legislation

    Obviously we will continue to push for passage of those bills and keep you updated about their progress as things develop. .A growing volume of research is linking problems with eyes, ears, and teeth to health problems elsewhere in the body. Links have been found to heart disease, diabetes, stroke, respiratory illness, cancer, sleep apnea, dementia, and many other serious health conditions. Better care has been found to improve overall health in patients. Mary Johnson – a policy analyst for The Senior Citizens League – said this week, "Adding coverage may help both patients and Medicare save money on other costs." .Notification dates: Because you started working and received about 6 months of Social Security payments prior to your notification of Social Security, these payments may not have been properly accounted for in your withholdings and may form a substantial portion of the overpayment. It's very important to notify Social Security, either in advance or immediately, if you work. … Continued

"But Democrats arguing for the change are pointing to rising costs of brand-name drugs and insurance plans that increasingly require patients pay more money toward their own care, forcing them to ration insulin and other drugs. They also note that H.R. 3 includes billion for biomedical research." .How much are you spending on prescriptions? Be sure to take TSCL's 2019 Senior Survey and let us know. TSCL is working with Members of Congress to enact legislation that would allow Medicare to negotiate drug prices and supports bills that would cap or reduce out-of-pocket spending. .Try going back to work or getting a second job. — Reducing costs is often the harder choice, because costs tend to grow with age. You may want to consider getting a job that could provide extra income and perhaps help with health benefits. Even if you must stay at home as a caregiver, you may want to consider providing adult day care to another individual if your home is set up for that, or to find a job that allows you to work online from home. .This week, Congressman John Larson (CT-1) – Chairman of the House Ways and Means Social Security Subcommittee – introduced the Social Security 2100 Act (H.R. 860) along with the support of more than two hundred original House cosponsors. Senator Richard Blumenthal (CT) also introduced the companion bill – S. 269 – in the Senate this week along with Senator Chris Van Hollen (MD). .Here are some tips to identify false or misleading claims. .The Guaranteed 3% COLA Act — Like the CPI-E Act, this critical bill would base Social Security COLAs on an inflation index for seniors. However, it would also provide much-needed financial relief to older Americans by ensuring that beneficiaries never receive an annual benefit increase that is less than 3%. TSCL was disappointed that this essential bill did not gain the support it needed to win passage in the 115th Congress, but TSCL is working to get Members of Congress onboard and the legislation moving in 2019. .Get quotes from 5 to 10 highly-rated insurance companies. Make sure you are getting apples–to–apples comparisons for the same type of annuity. .The report adds that, "The pharmaceutical industry has already shattered records this year, spending an unprecedented million to lobby the federal government in the first three months of this year, according to the CSP, including .7 million from PhRMA. Stephen Ubl, the CEO of PhRMA, criticized H.R. 3 last month, claiming it would ‘destroy an estimated one million American jobs.' The U.S. Chamber of Commerce, the biggest lobbying spender this year, has also come out against the bill, comparing it to ‘government price controls' and claiming it would cost hundreds of thousands of jobs. .We urge you to keep wearing a mask if you been doing so, and if you haven't, please start – for your own safety and the health and safety of those around you.