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  • Category Issues Totalization Articles Page 3

    COLA Cuts .This week, the Medicare Drug Price Negotiation Act (S. 2011) from Senator Bernie Sanders (VT) gained one new cosponsor: Senator Richard Blumenthal (CT). If adopted, the bill would require the federal government to negotiate lower drug prices for Medicare Part D beneficiaries. Its cosponsor total is now up to seven in the Senate. .Understand what is covered and what isn't. First the good news: You are probably covered in case a meteorite strikes your home. Now the bad: Your coverage probably doesn't protect you from floods or even a sewer back up. You may be underinsured. Insurance industry surveys indicate, for example, that 43% of homeowners believe damage from heavy rain flooding is covered under the standard insurance policy. It isn't. To be protected you must purchase supplemental flood insurance or other types of riders to your homeowners policy. The same may be true of wild fires, mudslides, sink holes and other natural disasters. If you live in a high-risk zone, consider adding flood or other supplemental coverage. … Continued

  • Legislative Update For Week Ending November 16 2012

    Financial Management, Challenges in Meeting Requirements of the Improper Payments Information Act, GAO-05-417, March 200"Annual Statistical Survey 2004, Social Security Administration, Table 5.A.1. . I lost my job a few months ago and at age 64, recently started Social Security retirement benefits. I just found out that I can work and still receive benefits at the same time. Can you tell me how this works? I thought. Ask the Advisor: January 2021 My Husband Had a stroke at 6Would He Qualify For Social Security Disability? .But as the StatNews article said, "… some people might remember the headlines of Moderna's and Pfizer's product offering greater than 90% effectiveness against Covid-19 and question J&J's announcement of 66% effectiveness. … Continued

Last week we told you that unless Congress passed new legislation soon, there would be significant cuts in Medicare payments to health care providers, such as doctors and hospitals. And if that happened it is quite possible those patients covered by Medicare would likely face negative consequences with regard to their health care. .Sen. Sherrod Brown (OH) introduced S. 569 on March 14, 201It has since been referred to the Committee on Finance. .Industry groups and health systems led by the American Hospital Association challenged the rule, arguing that the rule would do more harm than good because it won't "tell consumers their actual out-of-pocket costs, will likely produce confusion and may be less effective than the price-transparency tools the hospital field has been developing." .By doing her research now, your sister can start learning about her options in the area where she would like to live. She needs to get an idea of how much senior living options cost, how the options are financed, and what she needs to do to get ready for such a move. There are companies that specialize in helping older adults downsize, and she may need to talk to a financial planner and real estate agents to get her home ready to put on the market. .Lawmakers Advance Short-Term Funding Measure .The flurry of activity in Congress has shared the top of the news this week with the continuing Covid-19 crisis and the beginning of the vaccine distribution program. We try not to repeat news here that is available to everyone who gets their news from TV, radio, newspapers or online, but there are two things that occurred in all the activity that are especially important to seniors. .An Emergency COLA in 2021 Would Prevent Economic Insecurity and An Unprecedented Medicare Part B Premium Increase for Older Americans. .Why Does My Doctor's Office Need to Call My Insurer Before Scheduling a CT Scan? .The following Members of Congress, among many others, will be holding town hall meetings this week: Sen. Bill Cassidy (LA), Sen. Michael Crapo (ID), Sen. Jerry Moran (KS), Sen. Pat Roberts (KS), Rep. Garret Graves (LA-6), Rep. Jody Hice (GA-10), Rep. Mark DeSaulnier (CA-11), Rep. Hakeem Jeffries (NY-8), Rep. Will Hurd (TX-23), Rep. Diane Black (TN-6), Rep. Suzanne Bonamici (OR-1), Rep. Bradley Byrne (AL-1), Rep. Kevin Cramer (ND), Rep. Raul Labrador (ID-1), Rep. Joyce Beatty (OH-3), Rep. Brett Guthrie (KY-2), Rep. Thomas Massie (KY-4), Rep. Tom Rice (SC-7), Rep. Mimi Walters (CA-45), Rep. Bruce Westerman (AR-4), Rep. Tom Emmer (MN-6), Rep. Tom McClintock (CA-4), Rep. Mark Amodei (NV-2), Rep. Steve Cohen (TN-9), and Rep. Bill Pascrell (NJ-9).