News

  • Benefit Bulletin September 2015

    Roughly 27% of older single women are at high risk of living in poverty, because they have little other income to augment their Social Security benefits. Single women have it worse in retirement than married couples and men, and are more likely to become impoverished as they age. Most women have lower benefits than men. Women tend to work in lower-paying jobs, get paid less than men, and take time out of the workforce to take care of children and older family members. That can leave zero earnings gaps, or only partial years of earnings for the time out of the work force. .Congress managed to pass a short-term fix to prevent a 19% benefit cut that was due to hit disabled Social Security beneficiaries by the end of this year. The legislation heads off the cut by temporarily transferring some payroll tax revenues over the next three years, expanding measures to better ensure medical eligibility for benefits, and by preventing improper payments due to fraudulent work. The stronger eligibility and anti-fraud provisions are strongly supported by TSCL, incorporating several recommendations that TSCL presented last fall to the House Ways and Means Subcommittee on Social Security. The legislation: .Get an annual check up. Case in point: I recently helped a senior who hadn't seen a doctor in years, despite being a smoker. It took some urging, but she finally got a physical. She was shocked to learn that her blood pressure was high — dangerously so — and wound up driving straight to the pharmacy with a prescription for blood pressure medication. Visits to the doctor are far less expensive when you get there under your own steam rather than via an ambulance gurney. Starting this year, Medicare covers a yearly annual "wellness" exam and you pay nothing, if your doctor "accepts assignment" or the amount Medicare pays for the service. Do this before I have to nag you, too. … Continued

  • New Medicaremedicaid Managed Care Pilot Program Confusing Start Central Virginia

    Up to 85 percent of Social Security benefits can be subject to taxation if an individual has a combined income of ,000 and married couples filing jointly have a combined income of ,000. Had income thresholds been adjusted for inflation, they would be about ,902 for individuals and ,515 for joint filers in 2020. "Combined income" is determined by adding one's adjusted gross income, plus any tax - free interest income, and one - half of Social Security benefits. .Before a vaccine was approved for distribution, the U.S. Securities and Exchange Commission posted a warning about fake stock offers pitching a nonexistent biotech company allegedly developing a vaccine. .Here are some questions to consider in shopping for dental insurance: … Continued

(Washington, DC) – Medicare doesn't have the authority to negotiate drug prices, leaving millions of older Americans at risk of price gouging for their prescription drugs, according to a new comparison of drug plans by The Senior Citizens League (TSCL). "Because Medicare isn't negotiating on our behalf, there's no consistency in drug pricing among drug plans," states TSCL's Medicare policy analyst, Mary Johnson, who performed the comparisons using the Medicare website's Drug Plan Finder. Costs vary enormously between plans. "The disparity in pricing for the same drug can be in the hundreds of dollars," says Johnson. .Is The Government Manipulating COLAs? .At the hearing, the Ranking Member of the Committee – Senator Bob Casey (PA) – presented a bill he introduced called the Beneficiary Enrollment Notification and Eligibility Simplification (BENES) Act. If adopted, his bill would simplify the Medicare enrollment process and help those nearing eligibility avoid costly penalties for late enrollment. .But that's not all Congress must do before October The Secretary of the Treasury has warned that if Congress doesn't raise the debt ceiling very soon the government will default on its bills sometime in October. The "full faith and credit" of the U.S. government is at stake here and the repercussions of a government default are not totally known but they could be disastrous. .HHS Announces 2014 Medicare Premiums, COLA .Congresswoman Gloria Negrete McLeod represents California's 35th Congressional District encompassing the communities of Bloomington, Chino, Montclair, Ontario, Pomona, and portions of Fontana and Rialto. .How do you envision your perfect day in retirement? Are you the type that needs to be busy with work and projects to feel fulfilled, or do you look forward to spending time puttering around on your own, traveling or just enjoying leisure? Note how you like to spend your time. .On Thursday, lawmakers in the House began considering legislation (H.R. 1190) to repeal the IPAB, the unelected 15-member board that was created by the Affordable Care Act (ACA) to manage Medicare's growth. The House Ways and Means Committee advanced the bill with a vote of 31-8 two weeks ago, and earlier this week it was approved by the House Rules Committee. .One of our purposes in visiting with those offices was to find out why they do not support the bill and to see if there is any hope that some compromise to the bill could be reached. The main reason they do not support the Grassley-Wyden bill is because it has a provision that they believe would, in essence, result in government price-setting of drug prices and would be a first step toward a one-payer (meaning government) health care system. Each office mentioned other bills that they might support but there is not one bill that the Republican majority is currently in favor of and that might have a chance to pass. It was also stated that because this is an election year there is a very short timeline for action to be taken.