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No Limit Medicare Part D Enrollees Pay Prescription Drugs
When the Social Security Administration announced that the cost-of-living adjustment (COLA) for 2016 would be zero, a stunning thing occurred. The Medicare Trustees projected that the monthly Part B premium would increase by an unprecedented .50 (52%) between 2015 and 2016— from 4.90 to 9.30 per month. What does this have to do with the situation today? .This is the website of The Senior Citizens League ("TSCL"). .In October, the Social Security Administration announced that benefits will increase by 2.8 percent in January 2019, but approximately 2 million seniors with the lowest Social Security benefits will not see any net increase in their monthly checks after Medicare Part B premiums are automatically deducted. It will be the fourth year in a row that this group will not see a boost in net benefits due to Part B premiums, which are rising several times faster than Social Security COLAs. … Continued
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Legislative Update Week Ending September 9 2016
Representative Peter DeFazio (OR-4) introduced H.R. 1170 on February 13, 201It has since been referred to the Committee on Ways and Means. .The following article is from "Kaiser Health News": .Lawmaker Sponsors Honesty in CPI Reporting Act … Continued
What is TSCL? .People who decide to go on a cruise should get tested 1–3 days before their trip and 3–5 days after their trip. .2014 Annual Survey of Senior Costs, Mary Johnson, The Senior Citizens League, March 2014. .Medigap plans by law are now barred from offering drug coverage, and beneficiaries need to add "drug only" coverage to their Medicare supplement. .TSCL agrees with Congressman Doggett, and we were pleased to lend our support to both bills this week. For more information or to track the progress of the bills through the House, visit the Bill Tracking section of our website. ."Another factor affecting retirement income is the amount of the initial Social Security benefit when one first retires. Social Security benefits are not growing as quickly as in in previous decades," Johnson says. This is particularly true for middle to lower earning workers due to the slow growth in real wages over decades. According to a report by the Congressional Research Service, between 1979 to 2018, real wages have grown for top earners, but have stagnated or fallen for middle to lower earners. "That is reflected in the (often disappointing) initial Social Security benefits of new retirees," Johnson says. .Last week the Congressional Budget Office (CBO) released a report that revealed Medicare outpatient plans are three times more expensive for the same drugs as those covered by Medicaid. .There could be several reasons that can cause sticker shock at the pharmacy. Here are some tips for checking the charges and understanding the costs associated with your new drug plan: .Radical Medicare Overhaul Proposal In Senate