News
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Legislative Update For Week Ending August 22 2014
More than 30% of all Medicare beneficiaries were enrolled in Medicare Advantage plans last year. The federal government pays plans a monthly fee to deliver all their healthcare needs — a fee that's based for the most part on risk scores. In 2015 plans like Humana received on average about ,900 per person for the year. According to government estimates, Medicare made nearly billion in improper payments to Medicare Advantage plans from 2008 through 2013, mostly due to inflated risk scores. .Now Congressional Democrats, while only having a razor-thin majority in the Senate, are planning a major push to include in measures to lower drug prices in upcoming legislation meant to rebuild the U.S. infrastructure. .Will We Get A COLA in 2012? … Continued
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Category Legislative News Page 13
Pet health insurance may not be worth the cost. While many veterinarian practices have brochures for pet health insurance, shop carefully, and read the fine print about what these policies do and don't cover. Pet owners can expect to pay between to per month for premiums, often more than what you pay in services most years. Consumer experts suggest that if you are worried about catastrophic costs, put the money you would spend on pet health insurance premiums into a pet savings account. .During his campaign for President, and several times since, he has promised that he would protect Social Security and Medicare. Yet a payroll tax cut would result in untold damage to the stability of both programs and bring them dangerously close to insolvency. .While most people have rebounded, too many mature workers are still struggling to find work, much less a good-paying job. According to a survey by AARP, half of mature workers who experienced unemployment between 2010-2014 were still looking for work five years later. … Continued
Uncovered healthcare costs — In planning your budget, include costs that Medicare doesn't cover — dental care, eye exams and eyeglasses, for example. When shopping health plans, some MA plans may offer extra benefits like these. .These trends are likely to continue a rapid climb in years to come. The first jump in the ESF coincided with the big increase in illegal immigration of 1970's. When Congress overhauled immigration laws in 1986, amnesty was offered to immigrants who could prove they were longtime, law-abiding residents. About 3.1 million were legalized, twice as many as the government expected. Because the law had no provisions for any new workers to enter, illegal immigration continued.(8) .The TSCL Board of Trustees and staff are all dedicated to helping seniors. The following services provided by TSCL are considered primary and essential to the betterment of the quality of life of our nation's senior citizens: .Third, one new cosponsor, Representative Jamie Raskin (MD-8), signed on to the bipartisan Fair COLA for Seniors Act (H.R. 1553), bringing the total up to twenty-seven. If adopted, this bill would better protect the purchasing power of Social Security benefits by adopting a more adequate Social Security cost-of-living adjustment (COLA). Under current law, COLAs underestimate the inflation seniors experience because they are based on the way young, working Americans spend their money. As a result, Social Security benefits have lost 33 percent of their purchasing power since 2000 according to our research. .Alexandria, VA (June 17, 2013) Seniors are closely following the debate over Social Security, and a new survey indicates strong support for two major changes that could restore Social Security's long-term solvency. The survey, conducted by The Senior Citizens League (TSCL), one of the nation's largest nonpartisan seniors groups, found that 52% of seniors strongly favor, and another 30% somewhat favor, raising the Social Security maximum taxable wage base. In addition, 87% support banning the use of earnings from jobs worked under invalid and fraudulent Social Security numbers by unauthorized immigrant workers to determine entitlement to Social Security and other federal benefits. ."Someone who presents with COVID-19 symptoms several days after arriving at their destination could have been infected at home before arriving at the airport, whilst at the airport or on the flight — or even on arrival at their destination airport — because everyone has a variable incubation period for COVID-19," Tang said. .But for more than two months, state inspectors failed to enter half the country's homes — a revelation that prompted CMS to crack down. .The move is a long time coming. Legislation passed in 1996 made illegal immigrants ineligible to receive federal benefits. But according to an audit performed by the Inspector General of the Department of Health and Human Services, more than 29,185 illegal immigrants had improperly received Medicare benefits from 2009 through 201A review of 133,541 claims revealed that Medicare had paid more than .6 million in claims on behalf of 2,575 unlawfully present individuals. .The message here isn't "work till you drop." Working even a few additional years can boost retirement security substantially when you finally do retire. There's a "triple whammy" effect -- delayed Social Security filings means higher monthly benefits; you have more years of contributions to retirement accounts; and you have fewer net years of drawing down those accounts. Working with financial planning experts, we estimated that these factors can boost income in retirement by one-third or more.
