News
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Could Automatic Medicare Cuts Affect You
This year's Trustees Reports show that both programs face modest financial challenges that can be addressed by Congress with minor changes. The Senior Citizens League supports the passage of legislation like the Social Security 2100 Act or the Social Security Expansion Act, both of which would strengthen the Social Security program's finances responsibly, without cutting benefits for current or future retirees. In addition, we hope Congress will pass legislation to bring down prescription drug costs in the Medicare program. Requiring Part D drug price negotiation would save billions of dollars for both the federal government and Medicare beneficiaries. .Sources: "Vets Break Past World War II Memorial Barricade," Laura Koran and Ashley Killough, CNN, October 1, 2013. .While Part D and Medicare Advantage have proven popular with seniors, nobody is lining up at the doors during the fall Open Enrollment to shop for and compare plans. The vast majority of beneficiaries, more than 80% according to TSCL Senior Surveys, don't compare their Part D or Medicare Advantage plan, and consequently don't reap any savings from competition between plans. If Congress were to convert all of Medicare to premium support in the future, the devil will be in the funding details — finding the balance between saving the federal government money while still keeping the program affordable for beneficiaries. And so far premium support hasn't been any magic bullet for reducing federal spending on Medicare. … Continued
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March 2013 Newsday
Federal records and senior advocates indicate that many observation patients who call Medicare about the billing problem are told there is nothing that Medicare can do to help. Hospitals are not required to tell patients they are under observation. Patients only learn they were receiving observation services when the bill arrives. By then it's too late because hospitals and doctors are prohibited from reclassifying observation patients as inpatients once they've been discharged. .In the weeks ahead, TSCL will keep a close eye on the issue, and we will advocate for solutions that will improve access without jeopardizing online security. For progress updates, visit the Legislative News section of our website or follow us on Twitter. .Do not respond to calls or texts from unknown numbers, or any others that appear suspicious. And remember that government agencies, banks, credit card companies, or utility companies will never call you to ask for personal information or money. … Continued
Here are some tips to identify false or misleading claims. .The America's Health Insurance Plans (AHIP) trade group commission released a report claiming that insurance premiums would increase by 1.9 to 2.3 percent by 201The report asserts that the new fee will be passed on to consumers. Citing the annual fee on insurers mandate under the Affordable Care Act, an AHIP spokesperson predicted the increase in costs would act "just like any other sales tax." The White House disputed the claim, saying that the report was "fundamentally flawed" and ignored provisions of the law that would decrease costs. .In addition, we strongly recommend that you attend classes or workshops about Social Security. Check with your local senior center, community colleges and universities, libraries or area agencies on aging. If you have some retirement savings in an IRA or 401(k), many of the companies handling your retirement money offer some benefit counseling advice that can help you calculate how much longer you may need to work to reach a more optimal level of retirement savings. .TSCL encourages its members and supporters to attend these events and to ask questions of their elected officials about important Social Security and Medicare issues, like the following four… .TSCL is relieved that Members of Congress came to an agreement this week, since another government shutdown like last year's would have severely affected Social Security and Medicare benefits for seniors. However, lawmakers will need to revisit the spending debate in ten short weeks since the temporary bill expires on December 11th. TSCL will continue to monitor the discussions in the meantime, and we will post updates here in the Legislative News section of our website. .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. .Seniors Speak Out: TSCL Delivers Petition Tsunami To Congress .TSCL is working to convince Congress to enact a bill that provides an emergency COLA. The organization supports the Seniors and Veterans Emergency (SAVE) Benefits Act (S. 2251, H.R. 4144), which would provide Social Security beneficiaries with a one-time emergency COLA of 3.9 percent. For the average retiree, the emergency COLA would amount to around 0 dollars. To learn more, visit . .If signed into law, H.R. 711 would repeal the Windfall Elimination Provision (WEP) – a provision of the Social Security Act that unfairly reduces the earned benefits of millions of public employees by as much as one-half each year. H.R. 711 would establish a new formula for the non-covered earnings of teachers, police officers, and other public servants, and it would modify the WEP for current retirees who are affected by it.
