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  • Medicare Starts Mailing New Cards April Beware Scams

    From my standpoint, the Federal Government has no business obtaining your personal medical data. There is no space in the examining room for the government. In response, I introduced H.R. 3218 on October 13, 2011 with Rep. Tim Huelskamp of Kansas. Rep. Huelskamp wrote an op-ed that first brought light to this issue and I am happy to have worked with him in crafting this legislation. H.R. 3218 would "amend section 1343 of the Patient Protection and Affordable Care Act to ensure the privacy of individually identifiable health information in connection with risk adjustment." The Federal Government should not be inserting itself in your health care decision-making process. .Under current law, the Social Security COLA is determined by the percentage change in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). This index surveys the spending patterns of younger working adults under the age of 62 and doesn't include the households of people who are retired. But older and disabled Social Security recipients allocate their budgets differently than younger working adults, spending a larger share of their income on medical and housing costs which, in many years, tend to rise faster than overall all inflation. .The Obama administration recently proposed new regulations to deny Medicare to illegal immigrants and remove them from Medicare rolls. The Centers for Medicare and Medicaid Services (CMS) are proposing U.S. citizenship or lawful presence in the United States as a new requirement for getting Medicare. … Continued

  • Ask The Advisor May 2014

    In addition, major changes to RMD rules were already underway prior to the CARES Act. The SECURE Act, which passed in 2019, extended the age requirement for starting RMDs. If you reach age 70 ½ in 2020 or thereafter, you may wait until April 1 of the year after you reach age 72 to take your first RMD. For you, that's April 1, 202That gives your 401(k) more time to recover. .TSCL was first established as a special project of TREThe Enlisted Association. On January 1, 1995, TSCL became an independent 501[c][4] citizens' action organization and therefore donations are not tax-deductible. .The committee found that AbbVie inflated prices for the drugs while its executives pocketed growing bonuses. The committee's two-year investigation found that AbbVie "pursued a variety of tactics to increase drug sales while raising prices for Americans, including exploiting the patent system to extend its market monopoly, abusing orphan drug protections to further block competition, and engaging in anticompetitive pricing practices." … Continued

Comprehensive Social Security Reform .TSCL opposes legislative efforts that would make today's seniors and those nearing Medicare-age pay higher costs for their Medicare coverage. .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. .Other Goods and Services: (tobacco and smoking products, haircuts and other personal services, funeral expenses). .TSCL is hopeful that lawmakers will successfully repeal and replace the SGR before the looming deadline, since doing so would bring much-needed stability to the Medicare program. We will continue to monitor the negotiations in the coming weeks, and we will post updates here in the Legislative News section of our website. .Does Medicare Cover Eyeglasses? .The 2100 Act, if signed into law, would increase Social Security benefits by 2 percent, cut taxes for over 11 million seniors, increase the minimum benefit to 125 percent of the poverty line, and make COLAs more fair and accurate. It would also take measures to increase the solvency of the trust fund beyond the next seventy-five years, through the year 2100. .Sources: The Prescription Drug Pricing Reduction Act of 2019, Description of the Chairman's Mark, Senate Committee on Finance, July 25, 201"GOP Senators Distance Themselves From Grassley and Trump's Efforts to Cut Drug Prices," Emmarie Huetteman, Kaiser Health News, July 25, 2019. .This week, The Senior Citizens League was pleased to see support grow for three bipartisan bills that would improve the Medicare program and reduce prescription drug prices.