Ask The Advisor June 2011 Advisor
I heard that Medicare would be mailing new cards. When can I expect to get mine? .The Congressional Budget Office (CBO) and the Joint Committee on Taxation have boosted previous estimates and now say that switching to the chained consumer price index (C-CPI) will cut Social Security and other federal retirement benefits by 8 billion and increase taxes by 2 billion over the next 10 years. The loss to beneficiaries would compound over time and grows deeper each year as illustrated in the following chart. As seniors grow older and more likely to develop costly health conditions, their Social Security benefits would become less adequate to cover rising costs more quickly. .Congress already had deferred most employer payroll taxes for the rest of 2020, so the President is now attempting to defer workers' payroll taxes. This relief only applies to people who are working and collecting a paycheck. Most importantly for seniors, if the taxes were not repaid, it would move the Social Security Trust Fund more quickly toward insolvency. … Continued
Notch Bulletin July 2011 Advisor Feed
House Democrats also Unveil Proposals to Lower Drug Prices .Democratic leaders believe the measure could save almost half a trillion dollars if it were to pass. And while it would be much more likely to be brought up for a vote, the uncertainty about whether it could pass in the Senate remains. .Essential Drugs Need to be made in the U.S. … Continued
How do I go about writing my Congressman and Senators? .The resolution's authors wrote, "Our plan would strengthen Medicare by offering future seniors guaranteed-coverage options – including traditional Medicare – regardless of pre-existing conditions or health history. All seniors will have the support they need to get the care they deserve." .My Mom Is Applying For Assisted Living: Why Must She Agree To Mandatory Arbitration? .Passage of this new rule will allow the House to start conducting business on a larger scale than has been happening since the beginning of the coronavirus social distancing measures. .Medigap — Medicare supplements tend to have higher premiums than Medicare Advantage plans, but are popular because they cover most of your deductibles and co-insurance costs. Even so, Medicare estimates that average annual premium and out-of-pocket costs for Medigap policies can range around ,500. .The crackdown was unique not only for its scale, but also. No Lie! Affordable Care Act Not So Affordable .This week, in elections nation-wide, Republicans in the House and Senate held on to their majorities, and President-elect Donald Trump defied odds to win the White House. .However, there is news of importance to seniors that hasn't gotten nearly as much attention. .What can you do? Sign one of TSCL's current petitions.