News

  • January 23 2021

    High unemployment during the COVID pandemic of 2020 could cause an estimated 4 million people who were born in 1960 to face permanent reductions to their Social Security benefits, due to a flawed feature of the Social Security benefit formula. Congress can prevent this from happening, but only if it takes action in time. To prevent benefit cuts, Congress may need to enact legislation by the end of this year, before the 1960 birth cohort turns 62 and first become eligible to claim Social Security retirement benefits. ."Opting out" of a former employer's coverage on occasion might be able to save you money, but it requires careful cost comparisons and sound guidance. Never make any change without first getting the unbiased advice from a trained Medicare benefits counselor. The service is provided free of charge through your State Health Insurance Program and is available at many local Agencies on Aging. Check your local yellow pages. .Prevention of Fraud, Waste, and Abuse – Ensure that scarce Medicare and Social Security dollars are spent properly. … Continued

  • Tscl Weekly Legislative Update

    65 million Americans currently rely on Social Security benefits, yet many still struggle just to make ends meet, to the shame of the nation, millions have worked all their lives, paid into a system, and receive a below poverty line check from Social Security. .Source: James W. Kelley & Joseph R. Humphreys, "Congressional Intent Concerning The Notch Issue: Legislative Background of the 1977 Social Security Amendments," 1994.Source: Congressional Research Service May 24, 1999 .Sources: National Health Expenditures 2011 Highlights, Department of Health and Human Services, January 8, 2013. … Continued

You can find contact information HERE. In addition, you can find ten sample town hall questions HERE, in this month's issue of the Social Security and Medicare Advisor. .Congress and President Obama are battling over the federal budget, but supporters in Congress aren'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 the new session. The bills would provide Notch Babies born from 1917 through 1926, or spouses who receive benefits on their account, a choice of ,000 payable in four annual installments or, an improved monthly benefit. .Among the bills that make up the GOP plan is one that would establish congressional review boards to examine the long-term solvency of the three trust funds, a topic that long has been politically fraught. .Two weeks after President Trump signed an executive order "Lowering Drug Prices by Putting America First," the White House still has not released the text of the order. The unorthodox move is apparently a leverage play, an attempt to squeeze drug companies into offering concessions. .Talk to prospective assisted living or long term care facility management about your real estate problems. Occupancy rates at assisted living facilities have fallen, coinciding with the collapse in real estate. Find out if the facility offers special terms or agreements for people who are waiting for their homes to sell, and if so, what those terms might be. .The report adds that, "The pharmaceutical industry has already shattered records this year, spending an unprecedented million to lobby the federal government in the first three months of this year, according to the CSP, including .7 million from PhRMA. Stephen Ubl, the CEO of PhRMA, criticized H.R. 3 last month, claiming it would ‘destroy an estimated one million American jobs.' The U.S. Chamber of Commerce, the biggest lobbying spender this year, has also come out against the bill, comparing it to ‘government price controls' and claiming it would cost hundreds of thousands of jobs. .Policy experts question how patients will make up postponed care (some services can't be made up) and the degree to which delays in getting care will have adverse health consequences. Both of these concerns suggest that another type of surge for hospitals—the aftermath of postponed care — may be coming next. Cutting hospital reimbursements now could potentially limit access to care when Medicare beneficiaries need it the most. .Currently, Social Security COLAs are based on the way young, urban workers spend their money, and because items like gasoline and electronics are weighted more heavily than medical costs and housing expenses, they underestimate the inflation Social Security beneficiaries experience. For example, this year, if COLAs were based on the spending patterns of seniors, Social Security beneficiaries would be receiving a COLA of around 2 percent instead of a 0.3 percent increase. .Support for the IPAB at both hearings was scarce. Some Members, including the Ranking Member of the House Budget Committee, Chris Van Hollen (MD), called the IPAB a necessary "failsafe" measure that will stabilize healthcare costs. He stressed the fact that the experts on the IPAB will make recommendations, but Congress will ultimately have the final say in whether or not they become law.