News

  • Press Release Medicare Part D Doughnut Hole

    To get information about Medicare supplement premiums, first select the plan offering the coverage you are interested in, "A" through "N". You can find a listing of these plans on page 82 of the 2017 Medicare & You handbook but not all states will have all plans. Once you have chosen the plan then you can simply compare premiums between insurers. The coverage for each type of plan is just the same, but premiums between various insurers can vary tremendously. .The wage reports held in the Social Security Earnings Suspense file also represent a huge hidden time bomb for Social Security and Medicare. Under current Social Security policy, all earnings, even if based on illegal work, are used to determine entitlement to benefits. If at some point an illegal worker gains valid work authorization, as he or she would under an "amnesty" or a Totalization agreement, and can produce proof of earnings like old W2s, those earnings would be reinstated to their new Social Security account. Eventually the individual could file a claim for benefits that might be based, at least in part, on illegal work. .5 DIY Holiday Gift Ideas For A Social Security Budget … Continued

  • Ask Advisor November 2017

    Congress is now back in session but they will not begin considering new legislation for a few days. They are in the process of organizing for a new session and, of course, they will be involved in the electoral college process of electing a new President starting, but perhaps not concluding, on Wednesday. .The following article is from "Kaiser Health News": .President Trump recently released a proposal that could change the way drugs are sold in the U.S. Patients have been forced to pay out-of-pocket costs based on the rising list price of drugs. The proposal would require that often-secretive discounts or rebates, received by pharmacy benefit managers from drug companies, would have to be credited at the pharmacy when a patient fills a prescription. For patients who need expensive drugs, out-of-pocket costs are likely to go down. … Continued

Is his condition "severe"? Your husband's medical condition must significantly limit his ability to do basic work— for at least 12 months. .TSCL supports legislation that would raise the taxable maximum. "TSCL believes that cutting Social Security benefits can't be justified when moderate payroll tax adjustments can keep the system solvent for decades," says TSCL Executive Director Shannon Benton. "Requiring everyone to pay their full share would add years of solvency to the Social Security," Benton says. .Editor's note: While I have a pretty reliable track record on estimating the COLA, this year's inflation is far different than at any previous time in the past 26+ years. Inflation has been so volatile that I worry my probability models may not work as well as they typically do. In most years I'm pretty certain about my September estimate of the COLA for the following year. But this time all bets are off. Be patient — I'm no psychic, and stay tuned to the news! .In normal political times neither party would allow Medicare to be cut. But because of our current highly partisan times, it would require ten Republicans to join with Democrats to stop the cuts to Medicare with new legislation if reconciliation were used. .As the Representative for Indiana's Seventh Congressional District, I have had the opportunity to meet and talk with many seniors during my Medicare forums. These seniors have uniformly shared concern that they will bear the lion's share of the burden of Congress' failure to come to a constructive resolution on our nation's debt. As cuts to Medicare and Social Security have been put on the table, seniors are wondering whether their health or their standard of living is in jeopardy. In this difficult economic climate, we must ensure that changes to either of these programs do not deprive seniors of the ability to fend for themselves. .Key Bills Gain Support in the House and Senate .Congress and President Obama are battling over the federal budget, but supporters in Congress aren& 8217;t about to forget Notch Babies. The Notch Fairness Act bills (H.R. 155) and (S.90) were introduced by Representative Mike McIntrye (NC-7) and Senator David Vitter (LA). They were among the first bills to be re-introduced in. TSCL Continues Working For Notch Reform TSCL has not given up our goal of Notch reform. In recent months we have been working with long-term Notch reform allies in Congress to ensure that Notch Babies& 8217;, needs are protected from deficit reduction plans that would affect people who are currently retired. .The government negotiates prescription drug prices for veterans and Medicaid beneficiaries, but it is barred from negotiating lower prices for Medicare beneficiaries. As a result, seniors enrolled in Part D often pay much higher prices than others for their prescription drugs. What are you doing to correct this unfair policy? .Members in the House have decided to offset the bill with a five-year delay of the Affordable Care Act's individual mandate. Those in the Senate have acknowledged that its chances of passing through their chamber are slim. Sen. Orrin Hatch (UT), Ranking Member of the Senate Finance Committee, said of the House's approach: "The House passes a law – they're very good at legislation – but it dies in the Senate. The Senate won't even bring it up." Meanwhile, Senate Majority Leader Harry Reid (NV) has said, "We're going to move forward in our own way."