Legislative Update For Week Ending October 31 2015
Assuming you might need 9 (100/ml of Lantus) every 90 days, here's how the Medicare Drug Plan Finder shows typical costs: Please note this example is from the state of Virginia, and costs vary somewhat depending on where you may live. .On Thursday, a group of four Senators – Rand Paul (KY), Mike Lee (UT), Lindsey Graham (SC), and Jim DeMint (SC) – unveiled a major new plan to transition Medicare enrollees into the same health care program offered to employees of the federal government, including Members of Congress. According to the group, the plan will "provide Medicare patients with the best health care in America and will forever protect seniors' interests by aligning them with self-interested politicians." .In Virginia the law reduced unemployment benefits by half of a person's Social Security check. For example, someone who received ,000 per month in Social Security lost 0, or 5 from each weekly unemployment check. Social Security recipients were rightfully outraged and successfully lobbied the Virginia legislature for repeal of the unemployment "offset" rule. That repeal is now effective in Virginia and numerous other states. Check with your state unemployment commission to learn how Social Security might affect your unemployment benefits. … Continued
Fast Facts And Figures About Social Security
If you receive a call from a person claiming to be from SSA, and that person asks you to provide your Social Security number or other information don't give it out over the phone. Contact your local SSA and report the call – it's likely to be a scam. .Changes are looming for Medicare and Social Security. Make your opinion count. Visit TSCL online at and take our monthly poll. We'll announce the results in upcoming issues of this newsletter. .You may be surprised to learn that Members of Congress, and their congressional staff, receive their employer-sponsored insurance through Obamacare. Their health benefits would also be affected by an Obamacare repeal as well — but unlike your sister and millions of other Americans, Members of Congress already have high quality health insurance to replace their Obamacare plans. In fact, the premium costs of some Members of Congress could go down as they transition back to getting insurance through the Federal Employees Health Benefits Program (FEHB). … Continued
TSCL was pleased to see support grow for H.R. 1795 and H.R. 2305 this week, and we look forward to helping build additional support for them in the coming months. .Budget Committee Debates Future of DI Program ."If you're not going in, you're essentially taking the providers' word that they're doing a good job," said Richard Mollot, the executive director of the Long-Term Care Community Coalition. .Deciding when to file is the biggest decision you face. Social Security benefits are calculated using a formula called the primary insurance amount, or PIA. Seniors who wait to start receiving Social Security until their full retirement age (currently 66) receive 100 percent of PIA; taking benefits at 62, the first year of eligibility, gets them 75 percent of PIA. By waiting until age 70, they'll receive 132 percent of the PIA – nearly double the monthly income for the rest of their lives. Those benefits are enhanced by an annual cost-of-living adjustment, which is added back in for any years of delayed filing. .Can Home Health Agencies Provide Rebates? .Each month, due to the Social Security Act Amendments that were signed into law in 1977, more than 3.7 million Notch babies receive Social Security checks that are lower than the benefits they originally anticipated. Last year, Representative Mike McIntyre (NC-7) introduced the Notch. Benefit Bulletin: June 2012 "Tough Choices" — Payroll Tax Cut For Illegals Or Notch Reform? .Unlike income tax brackets that are adjusted for inflation, the income thresholds that subject Social Security benefits to taxation have never been adjusted since Social Security benefits became taxable in 198When the law was first passed, less than 10 percent of all Social Security recipients were estimated to have incomes high enough to be affected by the tax on benefits. But today, even retirees with very modest incomes can be affected by the tax. .The move is a long time coming. Legislation passed in 1996 made illegal immigrants ineligible to receive federal benefits. But according to an audit performed by the Inspector General of the Department of Health and Human Services, more than 29,185 illegal immigrants had improperly received Medicare benefits from 2009 through 201A review of 133,541 claims revealed that Medicare had paid more than .6 million in claims on behalf of 2,575 unlawfully present individuals. .Accurate earnings estimates: It's important to accurately estimate your earnings. If you worked for someone else, Social Security will need your gross earnings prior to deductions for taxes. In addition, Social Security counts when the wages are earned, NOT when they are paid. This includes accumulated sick or vacation pay and bonuses.