News
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Benefit Bulletin December 2018
What sort of income will your resources generate? Will the income generated by your retirement savings be enough to cover the loss of income, expenses, and taxes if any, if you die? .Finally, two new cosponsors – Senator John Hoeven (ND) and Senator Angus King (ME) – signed on to the Concentrating on High-Value Alzheimer's Needs to Get to an End (CHANGE) Act (S. 2387). The cosponsor total is now up to twelve. If adopted, the bill would direct the Centers for Medicare and Medicaid Services (CMS) to create programs that would promote early identification, improve support for family caregivers, and provide continuous care for those battling many forms of dementia. .The main bill in the Senate regarding prescription drug prices is one that is authored by Senators Chuck Grassley (R-Iowa) and Ron Wyden (D-Ore.). After Trump issued his executive orders, Sen. Grassley said he plans to use the time until the executive orders go into effect to build support for his own prescription drug package which, as we said above, has stalled in the Senate. … Continued
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9 Of Seniors Prefer Checks To Electronic Deposits
This week, the Obama administration released its much-anticipated 2013 budget proposal, and the House-Senate conference committee compromised on a deal to prevent payment cuts to Medicare physicians and extend the payroll tax holiday. In addition, four new cosponsors signed on to the Social Security Fairness Act. .Negotiations thus far seem to be moving slowly, and it remains to be seen whether or not the conferees will reach an agreement before the looming deadline. TSCL will keep a close eye on the evolving negotiations, and we will continue to inform the conferees about the harms that would result from including harsh benefit cuts in a budget package. For updates, visit the Legislative News section of our website. .The Medicare Trustees estimated in their April 2020 annual report that the base 2021 Part B premium would rise by .70 (6 percent), from 4.60 to 3.30.[9] The annual report was written prior to the coronavirus national emergency and does not incorporate the effects of the coronavirus caused recession, the interaction with an extremely low, or even no COLA, and the potential triggering of hold harmless in its forecast. … Continued
On October 22, 2014, TSCL's Executive Director was interviewed on Fox Business about the 2015 COLA announcement. .Now that Congress has passed President Biden's Covid-19 relief bill it must turn its attention immediately to passing legislation to delay billions of dollars in cuts to Medicare. .Town Hall Question: Many doctors are threatening to stop seeing Medicare patients if the sustainable growth rate formula is not repealed and replaced. What do you feel should be done about this? .When asked what portion of Social Security benefits retirees spent on healthcare here's how survey participants responded: .Millions of people, age 65 and older, have very limited incomes, and minimal savings. In 2016, half of all Medicare beneficiaries had incomes less than ,200. A looming question is whether the official measure still provides an accurate picture of poverty. .Repurpose "heirlooms in time." If you have boxes of "almost antiques" hidden away in antiques or basements pick out a few to repurpose for a second time around. Restring those old broken beads, cut apart shrunken felted sweaters and sew into new tote bags for the market. Drill holes in into old loose-leaf tea cans and plant some thyme, rosemary or a small parsley plant for a sunny windowsill. A great place to get inspiration is www.Pintrest.com. .High Cost of Illegal Work for Social Security Trust Fund ."The proposal would apply to both Medicare Part B and Part D drugs, an expansion from an earlier version of the order. The order would apply to Part D drugs where ‘insufficient competition exists.'" . I'm helping my mother shop for an assisted living facility. She's considering one within reasonable driving distance, but a clause in the paperwork stipulates that she must agree to mandatory arbitration to settle any disputes. Can you explain the pros and cons of this?