News

  • Category Issues Medicare Part D Articles Page 9

    For progress updates or for more information about these and other bills that would strengthen Social Security and Medicare programs, visit the Bill Tracking section of our website or follow TSCL on Twitter. .Medigap — Medicare supplements tend to have higher premiums than Medicare Advantage plans, but are popular because they cover most of your deductibles and co-insurance costs. Even so, Medicare estimates that average annual premium and out-of-pocket costs for Medigap policies can range around ,500. .If adopted, the Ways and Means Committee's tax bill would consolidate the existing individual tax brackets, phase in a repeal of the estate tax, and permanently reduce the corporate tax rate, among many other provisions. The bill does not include reductions to the limits on 401(k) contributions as many – including TSCL – expected. It would keep the current limits on 401(k) contributions unchanged at ,000 per year (or ,000 for those over the age of fifty). … Continued

  • Congressional Corner In Rural Communities Some Travel 100 Miles Or More To Closest Hospital

    Prescription Drug Costs .But 2 million retirees receiving Social Security benefits of less than 0 per month in 2018, won't see an increase after the deduction for their Medicare Part B premiums. Part B premiums will increase by more than .50, for this group of retirees because they are paying less than the current Part B premium of 4 today. This is due to the effects of the Social Security "hold harmless" provision. .There are three factors that affect your final benefit amount: … Continued

The FDA is working with vaccine and drug manufacturers to develop new vaccines for and find more drugs to treat COVID-19 as quickly as possible. Meanwhile, some people and companies are trying to profit from this pandemic by selling unproven and illegally marketed products that make false claims, such as being effective against the coronavirus. .Cruise passengers who are not fully vaccinated are more likely to get COVID-19, which spreads person-to-person, and outbreaks of COVID-19 have been reported on cruise ships. .Social Security and Medicare are the targets of a growing number of new budget plans aimed at reducing federal spending. President Obama's Fiscal Commission recently voted 11-7 to cut Social Security benefits for all seniors, and require beneficiaries to pay substantially more for their Medicare. .The lack of growth in Social Security benefits is eroding the buying power of more than 60 million people who depend on Social Security. There was no annual boost again this year. But according to a recent TSCL survey of more than 1,100 people age 62 and over, retiree household expenses continued to climb. Some 72 percent of survey respondents reported their monthly expenses grew by more than in 2015. .his week, members of the new budget conference met for an opening session, and The Senior Citizens League (TSCL) announced its support for legislation that would extend the open enrollment period for the Affordable Care Act's (ACA's) health insurance exchanges. In addition, important numbers were released by the Department of Health and Human Services (HHS) this week, and TSCL saw . .Seniors and Baby Boomers nearing retirement have every right to object and that doesn't make anybody greedy for doing so. After 1983, when the Social Security Trust Fund began building up reserves, our government proceeded to use all excess funds, and replaced that money with .6 trillion in special non-marketable bonds, or I.O.U.s. Seniors are frequently told those I.O.U.s are backed by the full faith of the U.S. government which has never defaulted on its debt. But now that the U.S. Treasury must borrow to pay the interest due to the I.O.U.s held by the Trust Fund, lawmakers are considering plans that would cut promised Social Security benefits. If a government default on the U.S. savings bonds held by public investors is unthinkable — why is cutting obligations to Social Security beneficiaries any less so? .TSCL has long supported adding vision, dental and hearing benefits to Medicare, as well as supporting legislation to lower prescription drug prices. We are waiting to see what the final bills look like that come out of the House and Senate before we determine what kind of endorsement to give. .The "lame duck" session of Congress began this week, and leaders in the House and Senate are hard at work on an omnibus measure that would fund the federal government through the remainder of the fiscal year. Passing an omnibus in December, according to House Appropriations Committee Chairman Harold Rogers (KY-5), would allow the new Congress to "get old business behind [it] and start off with a clean slate in January." .And no matter what critics may say about the dire finances of the Social Security, the government can find the money for Notch Reform simply by cutting waste, fraud and abuse. The General Accountability Office reported earlier this year that government agencies made over billion in improper payments in fiscal year 200Forty-five billion would more than pay for a Notch settlement. TSCL estimates the cost of the Notch Fairness Act to be around billion.