News
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Notch Bulletin Not Even A Lump Sum Death Benefit Feed
This week, Members of Congress returned to Washington to begin working on a temporary measure that would avert a government shutdown on October 1st. In addition, The Senior Citizens League (TSCL) announced its support for one new piece of legislation, and three key bills gained cosponsors. .For 80 years, Social Security has successfully kept millions of seniors who can no longer work out of poverty, as well as millions of disabled adults and children of deceased or disabled parents. About two-thirds of beneficiaries depend on Social Security for more than half of their income, and around one-third depend on Social Security for almost all of their income. .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. … Continued
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October 2013 Reuters
A study on the buying power of Social Security benefits by Johnson has found that Medicare Part B premiums are the single fastest growing cost that retirees have, increasing 195 percent since 2000. Most retirees also have premiums for a Medicare supplement (Medigap) and Part D drug plan, or a Medicare Advantage health plan with drug coverage. Medigap premiums have increased 158 percent since 2000, and out-of-pocket spending on prescription drugs increased 188 percent. .House Committee Discusses Retirement Security .Put your mother's apartment on the market and work to sell it. This means giving it a thorough cleaning, a fresh coat of paint if needed, and minor repairs. … Continued
The article continued, "The NBER study zeros in on how increases in prescription drug costs among Medicare recipients affect patient choices and comes to a stark finding: ‘Patient cost-sharing introduces large and deadly distortions into the cost-benefit calculus,' the report said." ."To lower the expected cost of these new benefits, House Democrats have proposed introducing the new dental benefits starting in 2028, ramping up the coverage over five years." .This week, Members of Congress returned to Washington following a two-week recess and quickly began working on legislation to prevent a government shutdown. In addition, House Republicans revived the American Health Care Act (AHCA), which would repeal and replace most of the Affordable Care Act (ACA) if adopted. Finally, one House Subcommittee met to discuss fraud prevention within the Social Security Disability Insurance (DI) program. .This week, lawmakers returned to Capitol Hill following a week-long holiday recess, and four Members of Congress signed on as cosponsors to key legislation that would make the Social Security program more equitable for public employees. .The costs shown in the chart below assumed plan coverage started on September 1, 2017 for a new enrollee. The Medicare Drug Plan Finder cost estimates include premiums, and out-of-pocket cost sharing for 201Costs shown are estimates and the actual costs may vary somewhat depending on pharmacy used. The prices illustrated in the chart are likely to change for 2018. .TSCL believes that the extreme cost increases are putting Medicare beneficiaries and funding for Part D at risk. "Medicare must be given the authority to negotiate pharmaceutical prices with manufacturers for covered Part D drugs," says Cates. How are rising healthcare costs affecting you? TSCL wants to hear from you, visit . .Proxy voting allows a member of the House to give to another member the right to cast a vote on his or her behalf. The member authorizing the proxy will stipulate how the vote should be cast and the member casting the proxy vote is required to abide by the wishes of the member granting the proxy. .I hate that we're placing seniors in no-win situations, and that's why I've re-introduced My Seniors' Security Act. It ensures that COLA increases aren't just eaten up by rising health care costs and it recalculates COLAs completely. Specifically, my act would create a ‘circuit breaker' of sorts, so seniors never lose more than 30% of their COLA to Medicare premiums. .It sounds as though your daughter's father-in-law didn't sign up for Medicare Part B by his enrollment deadline and is now subject to a late enrollment penalty. For each 12-month period he delayed enrollment in Medicare Part B, he will have to pay a 10% Part B penalty. A penalty of as much as an extra 0 per month in addition to the current premium of 8.50 for 2021, suggests that he is being penalized for a 16-year period he did not have Medicare coverage. That suggests that he didn't enroll at age 6That would mean his base Medicare Part B premium could be 8.50 per month when he enrolls.
