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  • Social Security Medicare Qa Is It True Social Security Pays Non Contributors

    Create a family documentary. Create a family scrap-book with old photos and memorabilia. If you have access to a computer and scanner or a friend with one, scan old photos for a digital family scrapbook you can share online. If a family member is good with making videos, consider doing a mini-documentary. Think of the questions you have about your ancestors and ask yourself the same. Like how you and your spouse met, how your family coped during a particularly hard time, or document a skill or craft that you love. This is also a good way to teach cooking your favorite family foods! Upload the video to YouTube to share with your family and send a link in a holiday email. .On Tuesday, the House Energy and Commerce Health Subcommittee approved legislation that would repeal and replace the sustainable growth rate (SGR), which is the flawed formula that is currently used to determine reimbursements for physicians who treat Medicare patients. The SGR regularly calls for steep pay cuts for doctors and other providers, threatening beneficiaries' access to medical care. .As with the start of any new Congress, TSCL is encouraging Senators and Representatives to reintroduce and co-sponsor key legislation for seniors, like the Consumer Price Index for Elderly Consumers Act, the Notch Fairness Act, the No Social Security for Illegal Immigrants Act, and the Social Security Fairness Act. In addition, with comprehensive Social Security and Medicare reform on the minds of many deficit hawks, TSCL is working diligently to prevent harmful cuts for beneficiaries. … Continued

  • Ask The Advisor July 2014

    This week, TSCL's Board of Trustees traveled to Washington, D.C. for their first meeting of the year. TSCL's all-volunteer Board of Trustees includes the following members: Edward Cates, Chairman; Tom O'Connell, Vice-Chairman; Charlie Flowers, Secretary; John Martinez, Treasurer; Michael Gales, PAC Treasurer; Rick Delaney, President and Liaison of The Retired Enlisted Association; and Larry Hyland, Immediate Past Chairman of TSCL. .On Wednesday, the Senate Finance Committee held a confirmation hearing for Sylvia Mathews Burwell, President Obama's nominee for the position of HHS Secretary. Burwell was nominated back in April, shortly after Secretary Kathleen Sebelius announced that she would be stepping down. If confirmed, she will oversee the Medicare, Medicaid, and Social Security programs, and she will also manage the continued implementation of the Affordable Care Act. .The CBO recommended substantial changes in tax and/or spending policies in the near future in order to put the federal budget on a sustainable path forward. Acting sooner rather than later is important, the authors noted, so that those affected by any changes have plenty of time to prepare, so that uncertainty can be reduced, and so that long-term interest rates can be held down. Members of the House Budget Committee seemed to agree during Wednesday's hearing, and Chairman Paul Ryan (WI-1) stated: "If this report tells us anything, it's that the status quo isn't working." … Continued

Commissioner Colvin backed the plan to address the DI program's looming insolvency that was released by President Obama in his recent fiscal 2016 budget blueprint. That proposal would adjust the distribution of payroll tax revenues for a period of five years, so that the DI program would receive 0.9 percent more than it currently is receiving, adding around seventeen years to the trust fund's solvency. .The Social Security COLA is calculated using the consumer price index. There are several of them, and the government uses the Consumer Price Index for Urban Wage Earners and Workers (CPI-W) to calculate the annual boost. That index, though, doesn't measure how people 62 and older spend their money. It measures how younger working adults do. Seniors, however, have different spending patterns, and have to spend a growing share of their budget on healthcare, which in most years outpaces overall inflation. .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. .We reported last week that President Trump has dropped his demand for a payroll tax cut in any new pandemic-related stimulus bill, which TSCL successfully lobbied against, along with many other groups. However, other issues have caused great difficulty in negotiations for a new bill, one of which has not received much attention in the main press. .Finally, the Equal Treatment of Public Servants Act (H.R. 711) also gained one new cosponsor this week. Rep. Jared Nadler (NY-10) signed on to it, bringing the cosponsor total up to 10That bill, if signed into law, would repeal the Windfall Elimination Provision (WEP) while establishing a new formula for the non-covered earnings of future retirees. It would also create a separate formula for retirees who are currently affected by the WEP. TSCL believes H.R. 711 is a sensible step forward, and we hope it continues to gain strong support in the months ahead. .The 113th Congress: A New Opportunity for TSCL .Even though Medicare recipients getting these services may stay in the hospital overnight or longer, getting the same nursing care, lab tests and drugs as they would if inpatients, their bill will be calculated very differently. Patients admitted for in-patient stays usually are responsible for the Medicare hospital deductible of ,484 for a stay of up to 60 days. They may also pay 20% of doctor charges. Many people have Medigap or Medicare Advantage plans that cover much or even all of this expense. Outpatient services, on the other hand, are charged differently, with the patient paying 20% of the Medicare approved amount for each service. In addition, the new billing changes would hit patients with "facility fees" that can run up to several thousand dollars to cover hospital overhead charges. And since, prescription drug plans don't cover medication for hospital patients, beneficiaries would be charged 100% of the full retail cost of drugs they need, even those they normally routinely take at home. .This is not the end of the story, however. More legislation will be needed to stop additional Medicare payment cuts that are scheduled in 2022. .The Congressional Budget Office recently released a report noting that Medicare could save 500 billion dollars if the eligibility age was raised from 65 to 6The figure would mean five percent savings, enticing Americans to work longer and causing the size of the labor force and total output of the economy to increase by one percent. According to the report, "Many of the people who lose access to Medicare would pay higher premiums for health insurance, pay more out of pocket for health care, or both."