

News
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Congressional Corner Cola Tabulation Is Broken
On Thursday, the Social Security Administration (SSA) announced that beneficiaries will receive a 2.8 percent cost-of-living adjustment (COLA) in 201It will be the largest Social Security COLA since 2012, but around 5 million seniors with the lowest Social Security benefits are expected see no net increase in their monthly checks after Medicare Part B premiums are deducted. Those with benefits of around 5 per month or less are expected to see no net increase. .In order to correct the wrong done to those born during the Notch years, TSCL believes that some compensation should be provided. The Notch Fairness Act would provide victims of the Social Security Notch with a modest settlement payment or an increased monthly benefit calculation. .Many are wary at this point in time about the likelihood of reaching a deal before the December 31st deadline. On Thursday, Senate Majority Leader Harry Reid (NV) predicted that the Fiscal Cliff would hit as scheduled, saying, "It looks like that's where we're headed." Any hope of reaching a deal now lies in the hands of Majority Leader Reid and Senate Minority Leader Mitch McConnell (KY). … Continued
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The Advisor Volume 16 June 2011 Part 1 Feed
TSCL is interested in hearing your comments on this issue, and whether you have ever been forced to use mandatory arbitration to resolve a disagreement. If so, did the outcome satisfy you? Please send us an email. ."If you want to save money on health and prescription drug plans, it's more important than ever to compare and switch now during the fall Medicare Open Enrollment period which ends December 7th," Cates says. Free, unbiased, one – on – one counseling is available through State Health Insurance Assistance Programs (SHIP), many of which operate through local agencies on aging. .In 2016 your Part B premium would be 1.80 per month if your family income is under 0,000. (If income is higher beneficiaries pay higher Medicare Part B and Part D premiums.) In addition you will need to decide whether to purchase a Medigap supplement and enroll in a Part D plan for drug coverage, or to enroll in a Medicare Advantage plan that includes Part D coverage. … Continued
May Signal Zero COLA for 2016 .Low-income beneficiaries who receive Medicaid in addition to Medicare. State Medicaid programs pay the Part B premiums for people who qualify due to low income and resources. According to the Kaiser Family Foundation, there are approximately 10 million dually-eligible beneficiaries representing about two-thirds of those who are not protected by hold harmless. .The study examined the increase in costs of 32 key items between 2000 and January 201The items were chosen because they are typical of the costs seniors must bear. Of the 32 costs analyzed, 20 exceeded the total percentage of increase in the COLA over the same period. .At Tuesday's committee meeting, Ways and Means Chairman Paul Ryan (WI-1) referred to the board as "unelected bureaucrats that could cut Medicare's payments to doctors and essentially ration care." TSCL shares these concerns about the IPAB – we fear its recommendations could result in increased costs for beneficiaries or decreased access to quality medical care. .Often, the most consequential decisions are those we make only once or twice in a lifetime. But decision – making itself is a skill that takes practice. That means we can get better at it. Even with practice though, it's almost impossible to forecast whether our decisions will work out. Often there are hidden factors at play, influencing our decisions, of which we may not even be aware. Learning about how our minds could be sabotaged, and how we could be nudged in wrong direction, can help us improve our decisions. One of these nudges is called the "anchor effect." .There is a wide difference in what the White House and Democrats want to give states and localities, plus school funding, virus testing, and other issues. The difference between Democrats' .5 trillion aid package and Republicans' trillion appeared unbridgeable. Treasury Secretary Steven Mnuchin rejected House Speaker Nancy Pelosi's offer of a compromise .4 trillion. As a result, President Trump on Saturday signed what have been largely referred to in the popular press as four executive orders dealing with the issues that had been under discussion. However, it turns out that is not exactly what happened. .However, if a waiver would have been included in the Covid relief bill Senate rules would have required there that 60 votes in favor of passage would be needed instead of a simple majority of 51. .Be suspicious of products that claim to treat a wide range of diseases. .According to the non-partisan Kaiser Family Foundation, the average Medicare Part D plan premium increase for 2016 is likely to be the largest since 200In addition, Medicare Part B premiums will increase more than 16 percent, from 4.90 to 1.80 per month, for about one in three beneficiaries next year, and that's after legislation that reduced the increase.