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  • New Medicaremedicaid Managed Care Pilot Program Confusing Start Central Virginia

    The Social Security Administration also announced on Thursday that the Social Security payroll tax cap will rise from 8,400 in 2018 to 2,900 in 201Most American workers contribute 6.2 percent of every paycheck to the Social Security program, but high earners will stop contributing to the program once they reach 2,900 in income next year. That means the wealthiest American CEOs – many of whom are billionaires – will be finished paying into the Social Security program just a few hours or days into 2019. .SSA Reports Massive DI Overpayments .Low-income beneficiaries who receive Medicaid in addition to Medicare. State Medicaid programs pay the Part B premiums for people who qualify due to low income and resources. According to the Kaiser Family Foundation, there are approximately 10 million dually-eligible beneficiaries representing about two-thirds of those who are not protected by hold harmless. … Continued

  • Best Ways To Save October 2013

    "If more retired taxpayers aren't paying taxes on their Social Security benefits, that's good news for their tax liability, but would also mean their adjusted gross income was lower than in 2019," says Johnson. "And that could mean those households might be living too close for comfort to the federal poverty level," she adds. .By Rick Delaney, Chairman of the Board .To learn more about your Medicare benefits download a copy of the "2011 Medicare & You" handbook by visiting www.medicare.gov or call 1-800-MEDICARE ( 7). … Continued

Payments for neurologist-prescribed brand name, but not generic, drugs in Medicare Part D increased consistently and well above inflation from 2013-2017. .For years, the age at which an individual could receive full, unreduced Social Security benefits was 6Since the passage of the 1983 amendments to the Social Security Act, the age has increased very gradually. The current full retirement age is 66 and it is slowly rising to 67 for people born after 195Benefits can be claimed as early as 62; however, doing so will result in a reduced benefit. For example, if someone was born in 1945 and claimed benefits at 62, their benefits were reduced by 25%. If someone who is born after 1959 collects benefits at 62, their benefits will be reduced by 30%. Some economists have proposed increasing the early retirement age, currently age 62, as well as the full retirement age. .This week's announcement from SSA came as concerns from the Administration were rising about pending budget proposals before Congress. Lawmakers in the House have proposed more than 0 million less than the requested amount for administrative duties. SSA has said that if their proposal were to take effect, they would be forced to implement immediate furloughs, hiring freezes, and temporary office closures. .As prices increase, those who depend on Social Security benefits experience a decline in the buying power. In fact, according to my research, Social Security benefits have lost 30% of buying power over the past 20 years. For some retirees, that means a decline in their standard of living. .With that in mind we remind you that the Federal Trade Commission has warned that anybody offering a chance to jump ahead on the statewide priority list for a vaccination in exchange for money is a scammer. .Noting the vast and unprecedented danger that the coronavirus presents to the elderly and people with disabilities, patient advocates described the lack of inspections as a shocking oversight. .The U.S. depends on China for thousands of chemicals needed to make prescription drugs. That's because it turns out that pharmaceutical companies have outsourced our generic medicine manufacturing to China. .Social Security was never designed to be the sole source of retirement income. It replaces around 40 percent of the average earnings of its beneficiaries. Pensions and savings form the two other major streams of retirement income, but people who retire with all three sources of retirement income are rare. Even worse, recent research from the National Institute of Retirement Security found that more than 40% of older adults have no retirement income other than Social Security. .Sen. Sherrod Brown (OH) introduced S. 569 on March 14, 201It has since been referred to the Committee on Finance.