Tag Social Security
Susan has rheumatoid arthritis and was taking Humira, a drug that would cost more than ,000 out-of-pocket if she had to purchase it through a Part D plan. Prior to starting Medicare, she paid a .00 per month co-pay for Humira through her husband's insurance. Before starting on Medicare though, Susan decided to try a less expensive older generic, Methotrexate, which costs just .00 per month through her Part D plan. .This week, President Obama released his fiscal 2015 budget blueprint. In addition, The Senior Citizens League's (TSCL's) Board of Trustees traveled to Capitol Hill to meet with four lawmakers and their top aides, and TSCL saw . .A government shutdown occurs when Congress fails to pass the appropriations bills that allow agencies to operate. As a result, federal workers and government contractors temporarily don't get paid until after the shutdown has ended. But hitting the debt limit would have far more reaching effects. The debt limit is the legal limit on the total amount of debt the federal government may take on. That limit is especially important to older Americans because the federal government has used trillions in excess payroll tax revenues from the Social Security and Medicare Trust Funds in the past, and now must borrow in order to pay Social Security and Medicare benefits in full and on time. … Continued
Ask The Advisor 2
The Senior Citizens League's surveys in 2020 asked about support for currently debated proposals to change Social Security and Medicare benefits. The five top areas of consensus include the following: .Albert Bourla told Bloomberg Television in an interview that he believes there is a great opportunity for Biden to take the initiative to "reduce significantly the cost of medicines for the patients, which is the thing that is now problematic." ."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." … Continued
Medicare Savings Programs cover the cost of the Medicare Part B premium, saving a person 8.50 per month in 202Depending on income, those with the lowest income may also qualify for additional benefits that cover the Part B deductible and out-of-pocket costs. People with incomes in 2020 of up to ,456 per month (individual) or ,960 (married couples) might be eligible if they have limited savings and resources of ,860 (individuals) or ,800 (married couples). These limits are slightly higher for Hawaii and Alaska. This program is administered through state Medicaid programs and states may have guidelines that allow people with slightly higher income to enroll. If interested ,contact your local Medicaid office to apply. .This higher starting benefit will mean higher cost-of-living adjustments (COLAs) in terms of dollars, and higher benefits for spouses and survivors that are based on your benefit. Over the course of a 25 year retirement, the extra money adds up to more income from Social Security, often in the tens of thousands of dollars depending on the age you retire. .If you do not want to receive e-mails from us in the future, please unsubscribe here. .Shop around for heartworm and flea preventatives: Heartworms can kill your dog or cat, while fleas and ticks carry dangerous diseases that can be transmitted to humans. While vets often have discount coupons associated with these products, if you want to save more money, it's important to compare prices, especially at pet supply websites such as 1-800- PetMeds, and Chewy.com. Those companies often have much lower prices, especially after discounts are thrown in. .Congressional support for a bi-partisan deficit reduction solution before the November 21st deadline is dwindling as each day passes. Republican co-chairman of the joint committee, Rep. Jen Hensarling (TX-5), expressed discontent with Democratic colleagues this week for rejecting the latest GOP offer. "I will give my Democratic colleagues credit for at least putting some reforms on the table, but frankly they do not solve the problem," Hensarling said. .On Tuesday, Alan Simpson and Erskine Bowles released a revised version of their "Moment of Truth" report, which was drafted by the National Commission on Fiscal Responsibility and Reform in 20In the new framework, the two recommend averting the sequester – the billion in automatic cuts that are scheduled to hit in just one week – and replacing it with .4 trillion in deficit reduction. .TSCL would like to thank Reps. Larry Bucshon (IN-8), Richard Hanna (NY-24), Mike Conaway (TX-11), Rodney Alexander (LA-5), Jesse Jackson, Jr. (IL-2), Gregory Meeks (NY-6), and Christopher Smith (NJ-4) for taking the time to meet and discuss important issues for seniors. TSCL also met with top staffers in the following offices: Reps. Grace Napolitano (CA-39), Randy Hultgren (IL-14), Roscoe Bartlett (MD-6), Steve Southerland (FL-2), Dennis Kucinich (OH-10), and Peter Visclosky (IL-1). .TSCL thanks those who donated, and remembers those who fought in World War II. Read one such remembrance, "My Friend Paris" contributed by TSCL member, John Seavers. .Members of Congress remained in their home states and districts this week for Tuesday's mid-term elections. They are expected to return to Capitol Hill to begin the "lame duck" session on Wednesday, November 12th, following the Veterans Day holiday.