News

  • Ask The Advisor November 2015

    Medicare's 2021 physician fee schedule would've cut payments for radiology by 10%; physical/occupational therapy by 9%; anesthesiology and cardiac surgery by 8%; critical care by 7%; general surgery by 6%, and infectious disease by 4%. .Shop around regularly. You can save hundreds of dollars a year in premiums by shopping around. Some state insurance department websites publish rate comparisons for standardized coverage that can help you find the best deals. Another way to compare is to shop from an independent insurance agent who sells from multiple carriers. You can also try online sites like Insure.com, NetQuote.com and SelectQuote.com. When considering a less expensive insurer, consider getting auto coverage from the same company for savings of up to 30 percent. .Local Lion's Club. Local chapters may have programs to assist people with severe vision impairment, and some clubs run the Affordable Hearing Aid Project, which distributes three types of affordable hearing aids. To find contact details for your local chapter, visit: Lions Club Directory. … Continued

  • 2019 Social Security Cola

    This week, lawmakers returned to Capitol Hill following a week-long holiday recess, and four Members of Congress signed on as cosponsors to key legislation that would make the Social Security program more equitable for public employees. .his week, members of the new budget conference met for an opening session, and The Senior Citizens League (TSCL) announced its support for legislation that would extend the open enrollment period for the Affordable Care Act's (ACA's) health insurance exchanges. In addition, important numbers were released by the Department of Health and Human Services (HHS) this week, and TSCL saw . .Worst of all, patients don't qualify for Medicare coverage of follow-up nursing home care, because Medicare requires three consecutive days in the hospital as an "inpatient." That leaves the patient and their families on their own to figure out how to pay nursing home bills, or to go without. … Continued

Scientists do not know why vaccinations might reduce the risk of Alzheimer's. But previous research has hinted at a connection. And there are several potential explanations. .The FDA is working with vaccine and drug manufacturers to develop new vaccines for and find more drugs to treat COVID-19 as quickly as possible. Meanwhile, some people and companies are trying to profit from this pandemic by selling unproven and illegally marketed products that make false claims, such as being effective against the coronavirus. .We have been reporting recently that unless Congress passes new legislation soon there will be significant cuts in Medicare payments to health care providers, such as doctors and hospitals. If that happens it is quite possible those patients covered by Medicare would likely face negative consequences with regard to their health care. .Some Republicans said such proxy voting is unconstitutional and would subject any legislation passed with such procedures to court challenges. However, Democrats countered by citing letters from two legal scholars who argued the Constitution gives the House and Senate the power to determine their rules and procedures and the courts have declared them off limits to legal challenges. .Understand how much risk the insurer shifts to you. Deductibles can commonly range from 0 to ,500, but claims for severe weather disasters can find you responsible for paying as much as 5% of your home's insured value (up to 10 percent in Florida) before your insurer covers damage expenses. Example: Your home is insured for 0,000 and your policy calls for a 5% deductible for hurricanes. You would pay ,500 out-of-pocket on any storm claim prior to your insurer covering the rest. .One widely-discussed proposal would limit the drop in benefits when a spouse dies to 75% of the couple's combined benefit. In the example above that would boost the widow's benefit by 0 per month to ,800. .— have few or better yet — no health problems, and .Second, two new cosponsors – Representative Josh Harder (CA-10) and Representative Abby Finkenauer (IA-1) – signed on to the Social Security 2100 Act (H.R. 860), bringing the total up to 20This bill, if adopted, would comprehensively strengthen and reform the Social Security program. .Comprehensive immigration reform has been topping the legislative agenda in Congress for months, but so far most policy wonks and lawmakers have kept quiet about the ways in which reform would affect Social Security. Millions would become eligible to collect Social Security benefits based on work done illegally, under invalid or fraudulent Social Security numbers. TSCL is concerned about the ethical implications of this, and we believe that it would put additional strains on the Social Security and Medicare Trust Funds.