News

  • Best Ways Save July 2015

    Food and Drug Administration Issues Vaccine Fraud Alert .Social Security's "full" retirement age is the age at which you qualify for full, un-reduced benefits. It's based on your date of birth, so it varies for everyone. In 1983, Congress enacted changes that very gradually raised the full retirement age to age 67 by the year 202The full retirement age for people born between 1943 and 1954 is 6For those born in 1955 it is 66 and 2 months and it goes up 2 months per year for those born between 1956 and 195For people born in 1960 and thereafter, the full retirement age is 67. .In addition, the AHCA would repeal a tax created by the ACA that serves as a critical funding stream for Medicare's Hospital Insurance Trust Fund. Cutting the tax would accelerate the insolvency of the Medicare Part A Trust Fund, and in a matter of a few years, it would become exhausted. In a Washington Post opinion piece, former Acting Administrator of the Centers for Medicare and Medicaid Services (CMS) Andy Slavitt wrote, "That's clearly no accident: The program would wind up right where ‘entitlement hawks' such as House Speaker Paul D Ryan (R-Wis.) want it – in crisis. If this bill became law, the speaker would finally be positioned to change Medicare to a voucher program." … Continued

  • Legislative Update For Week Ending October 25 2013

    As we know more, CDC will continue to update our recommendations for both vaccinated and unvaccinated people. .Fraud is so prevalent that prevention is only part of the solution. One in 20 seniors in the U.S. is a target of fraud schemes. Yet, the National Adult Protective Services Association has found that only one in 44 seniors report that they are victims of a fraud scheme, suggesting seniors lack information on how to file a complaint. .According to a report from Kaiser Health News, the skepticism is "Because whether it's sharing the credit for a legislative victory with the other party or running afoul of the powerful pharmaceutical lobby, neither Democrats nor Republicans are sure the benefits are worth the risks, according to several of those familiar with the debate on Capitol Hill. … Continued

Before spending the money, you may be able to accomplish a lot of your own retirement planning by exploring free or low-cost resources in your community. Try starting with educational programs offered by your local senior center, community college or public universities. Ask about classes and workshops specifically designed to help people over 60 learn about and think through major aspects of retirement and aging. Here are some questions to help get you started: .If adopted, H.R. 1170 would strengthen and expand the Social Security program by providing beneficiaries with a monthly benefit boost, basing cost-of-living adjustments on the CPI-E, and setting the Special Minimum Benefit at 125 percent of the poverty line. It would also apply the payroll tax to all income – including investment income – over 0,000. .I'm 63 and still working. I originally planned to wait until age 66 to start benefits, but I need extra income. Could you give me some ideas about when I should start? .The Obama Administration and proponents of Obamacare have continued to downplay the cancellations of the health insurance of 4.7 million individual policy-holders (including yours truly) who received notices that our polices would be ending in 2014 because they didn't comply with the new healthcare law. I was able to temporarily renew my so-called. .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. .This week, one new cosponsor – Rep. Adam Kinzinger (IL-16) – signed on to the Social Security Fairness Act (H.R. 973). The cosponsor total is now up to 13If signed into law, the bill would repeal two federal provisions that unfairly reduce or eliminate the earned Social Security benefits of millions of teachers, firefighters, peace officers, and other state or local government employees each year. TSCL enthusiastically supports the Social Security Fairness Act, and we were pleased to see one new cosponsor sign on to it this week. .According to a report from Kaiser Health News, the skepticism is "Because whether it's sharing the credit for a legislative victory with the other party or running afoul of the powerful pharmaceutical lobby, neither Democrats nor Republicans are sure the benefits are worth the risks, according to several of those familiar with the debate on Capitol Hill. .Increase the taxable maximum wages. Raise the maximum wages upon which Social Security is paid, currently 6,800. .First, in the spring, Members of Congress passed legislation to repeal and replace the sustainable growth rate (SGR) – a flawed formula that set payment rates for doctors who treated Medicare patients. Because of the quirks in the law, doctors were faced with double-digit cuts year after year. Some stopped seeing new Medicare patients, and some even stopped participating in Medicare altogether. TSCL advocated for the SGR's repeal for more than a decade, and we were ecstatic to see it replaced once and for all last April. The law took effect immediately and, in the coming years, it will bring increased stability to the Medicare program for both patients and their doctors.