

News
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Weekly Update For Week Ending July 11 2020
(Washington, DC) – New consumer price index data through August confirm that Medicare Part B premiums will spike next year due to an extremely low cost – of – living adjustment (COLA), according to a new estimate by The Senior Citizens League (TSCL). "Low or no COLAs not only affect Social Security benefits, the amount of the annual boost also affects the amount of Medicare Part B premium people will pay in 2017," says Jessie Gibbons, TSCL's Senior Policy Analyst. "For nearly one out of three beneficiaries, Medicare Part B premiums could increase more than 22%," Gibbons says. .The Scott bill passed the Education and Labor Committee on Tuesday of this week. It has a different approach for dealing with surprise bills that limits the arbitration process and sets forth a benchmark payment rate. Scott's bill would force doctors to accept a benchmark rate for bills under 0 and go through arbitration in disputes over bills higher than 0. .This past week, Reps. Jerrold Nadler (NY-8) and Richard Neal (MA-2) signed on to H.R. 1332, the Social Security Fairness Act. The total is now at 14Sen. Tom Udall (NM) signed on to S. 2010, the Social Security Fairness Act, bringing the total to two. … Continued
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Plan For Income From Several Sources Feed
What Is the Risk of Catching the Coronavirus on a Plane? .Medicaid is the major source of coverage for an estimated 6 million seniors who need long-term care. Last year, long-term care services required one-third of the federal Medicaid budget, more than 0 billion. States, which share the program's cost, spent tens of billions to match that amount. .Last month, the Health and Human Services' watchdog agency announced plans to review the pace of inspections in nursing homes and barriers to completing them — referring to such checks as a "fundamental safeguard to ensure that nursing home residents are safe and receive high-quality care." … Continued
The COVID-19 pandemic has taken a huge toll on nursing homes, leading to large numbers of residents and staff becoming become ill or dying. We hope that such catastrophes may help focus attention on long-term problems that plague these facilities. .Last year President Trump proposed lowering the prices of certain Medicare drug prices by tying those prices to lower prices paid in other developed countries. Under that proposal, prices would have been lower than they are now, but would still be a certain percentage higher than they are in other countries. The President was not satisfied with that idea, according to Health and Human Services Secretary Alex Azar. On Wednesday Azar said the President wants the proposal changed so that prices in the United States are even lower than they are in other countries. .On Thursday, the House Ways and Means Social Security Subcommittee held a hearing to discuss the findings of the new 2018 Social Security Trustees Report. Those on the subcommittee heard from Stephen Goss, Chief Actuary at the Social Security Administration. .This week, lawmakers adjourned for a week-long holiday recess. They are expected to return to Capitol Hill on Monday, November 28th. .This week, TSCL announced its support for legislation that Rep. Dana Rohrabacher (CA-46) recently re-introduced: the No Social Security for Illegal Immigrants Act (H.R. 2745). Each year, millions of unauthorized workers use invalid, stolen, or fraudulent Social Security numbers to get jobs in the United States. Later, if they receive "green cards" or work authorization, they may file a claim for Social Security benefits based on those illegal earnings. TSCL feels that Congress should put an end to this practice in order to protect the integrity of the Social Security program and to prevent further strains on the Trust Fund. Rep. Rohrabacher's bill – which was introduced with twenty cosponsors last week – would do just that, and we look forward to working with him throughout the 113th Congress to help build support for it. .Indeed, during the 2005 debate over Social Security reform, one of the leading proposals would make changes to the benefit formula similar to those made in 197The proposal would tie the calculation of the initial retirement benefit to changes in price inflation. According to an analysis of a leading proposal by the Congressional Budget Office, when benefits are charted on a graph as shown here, they illustrate a "precipitous decline" in benefits and an all too familiar "V" shaped Notch. .Voting this way is a temporary answer to reduce health concerns raised by dozens of lawmakers. Several lawmakers have disease and dozens of others placed themselves in self-quarantine after exposure to someone who was infected. The sister of California Representative Maxine Waters (D-Calif.) died because of an infection. .The Senior Citizens League encourages older Americans to contact their Senators now to ask for their support in passing this legislation. To learn more, visit . .Because you are over 65, you are subject to Medicare's Special Enrollment Period rules that apply to the loss of health insurance coverage through you or your spouse's former employer. You need to enroll in Medicare Part B during the 8-month period that begins the month after your husband's employment ends or the employer health coverage ends, whichever happens first. Coverage under COBRA, however, would NOT be more than a temporary option for you because you would NOT be eligible for a Special Enrollment Period when that coverage ends, so don't wait to enroll in Medicare. You have 8 months to sign up for Part B and Part D without penalty, starting after the loss of your husband's job.