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  • Healthcare Reform How Will Closing The Medicare Part D Doughnut Hole Work Feed

    We are still learning how long COVID-19 vaccines can protect people. .COLAs are intended to protect the buying power of Social Security benefits against rising inflation. A new study recently released by TSCL found, however, that the CPI used to calculate COLAs today only does an anemic job of protecting benefits as it is. Since 2000, the COLA has increased just 31 percent, while typical seniors' expenses jumped 73 percent, more than twice as fast. .Taxpayers who receive pension payments. … Continued

  • I Turn 65 This Year How Much Will I Need For Medicare Feed

    There will likely be court challenges to the President's actions, making it unclear how quickly any money would reach the unemployed. On top of that, it is unclear how many states will want to participate in this enhanced unemployment program or how many companies will want to suspend payroll taxes for employees only to have to pay them in 2021. .Again, according to Bloomberg News, "Manufacturers have to offer Medicaid plans their lowest possible price under federal regulations in order to participate in other federal drug programs, which is likely why the Medicaid prices are so low." .Grassley has previously said he needs at least 25 Republican co-sponsors to get his bill to the floor and sees backing from the White House as important in getting more votes. About a dozen Republicans other than Grassley have so far publicly expressed support for the legislation. … Continued

Totalization Agreement with Mexico – Preventing an unnecessary and unspecified drain on the Social Security Trust Fund. .In fact, when the COLA increases since 2000 are compared with the typical cost increases that retirees experienced over the same period, Social Security benefits have lost 34% of their buying power. COLAs increased benefits a total of 46 percent, while typical senior expenses have jumped 96.3 percent between 2000 through the first week of 201To put it in perspective, for every 0 worth of groceries a retiree household could afford in 2000, they can only buy worth today. .The Medicare Prescription Drug Price Negotiation Act (H.R. 275), which was introduced by Congressmen Peter Welch (VT) and Francis Rooney (FL-19), would require the federal government to negotiate lower Medicare Part D prices on behalf of Medicare beneficiaries. ."TSCL's concern is not over taxes collected under valid Social Security numbers," Cates says. "Our concern is over the use of earnings under invalid or fraudulent Social Security numbers to determine benefits," he explains. Earnings reported under invalid numbers most often occur when noncitizens work without legal authorization. But due to a loophole in current law, Social Security uses all earnings to determine benefits, even those from jobs worked under invalid and fraudulent Social Security numbers. Social Security thus pays benefits for the rest of the individual's life that may be based at least in part, on work under invalid Social Security numbers. TSCL believes this policy rewards people for document fraud. .Wages were lower than expected and initial retirement benefits for Notch Babies were calculated on lower average earnings. Thus, benefits were lower than anticipated. In addition, inflation grew at double-digit rates over the same period, yet the new benefit formula failed to fully account for inflation for many Notch Babies, especially those who delayed their retirements (5). .Sen. Barbara Mikulski (MD), chair of the Senate Appropriations Committee, stated earlier this week, "What I hope to be able to do is keep the government open, to avoid a government shutdown, to do no harm, and to be as boring as possible." The House planned to vote on a package that would simply extend current funding levels through mid-December on Thursday, and the Senate was set on taking it up next week. .The letter that TSCL delivered to congressional leaders this week urged lawmakers to begin immediate discussions about lifting the debt limit and preventing a default on the federal debt. Art Cooper – Chairman of TSCL's Board of Trustees – wrote: "Our supporters nation-wide hope you will act swiftly and responsibly to avert delays in Social Security benefits and payments to Medicare providers, and they will not tolerate additional cuts to their earned Social Security benefits." .A monthly supply of diabetes drug Lantus Solostar, for example, ranges from a high of 2.00 from the mail - order pharmacy of First Health Part D Value Plus plan to a low of .75 from the network retail pharmacies for SilverScript Choice, a difference of 4.25 per month. .TSCL is disappointed in the repeated attempts of lawmakers to reduce funding for the healthcare of their sickest and poorest constituents in 201TSCL urges all of you to get ready to vote this election year. Start now by checking that your voter registration is up to date, particularly if you have moved recently.