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  • Best Ways Save Februarymarch 2017

    If signed into law, H.R. 973 would repeal the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) – two federal provisions that unfairly reduce or eliminate the earned Social Security benefits of millions of teachers, firefighters, peace officers, and other state or local government employees each year. .Get unbiased counseling. NEVER, EVER drop your Medicare supplemental or switch Medicare Advantage plans based solely on the sales pitch of an insurance agent! This is especially true if the agent is trying to pitch you from a table set up in a discount store, or pharmacy window. DO NOT do business at all with anyone who calls on the phone or knocks on your door, regardless of who they say they are. There have been very widespread reports of con artists who tell seniors they are calling from Medicare or Social Security. You have no safe way of confirming who they are. Don't respond. Hang up and keep your doors locked! .Editor's note: While I have a pretty reliable track record on estimating the COLA, this year's inflation is far different than at any previous time in the past 26+ years. Inflation has been so volatile that I worry my probability models may not work as well as they typically do. In most years I'm pretty certain about my September estimate of the COLA for the following year. But this time all bets are off. Be patient — I'm no psychic, and stay tuned to the news! … Continued

  • 64 Percent Retirees Affected Nine Years Flat Growth Cola

    Medicare Advantage plans require very careful scrutiny of potential costs. Some plans have lured seniors with low premiums and deductibles, only for enrollees to discover high undisclosed costs later. .My Husband Had a stroke at 6Would He Qualify For Social Security Disability? .Because the House of Representatives has 435 members its rules are much less complicated than the Senate's, which has 100 members. If the House had the same rules as the Senate, nothing would ever be accomplished. … Continued

What strategies are key to better managing healthcare costs in retirement? ."There is no substitute for boots on the ground — for going into a facility to assess whether a facility is abiding by long-standing infection control practices," Verma told reporters this month. .In 2015, after a national coalition of senior advocacy groups (including TSCL) demanded action, Congress reduced the increase in Part B premiums from 9.30 per month to 1.80 per month, which was still a very high increase of 16.1 percent. The premium included a "repayment" amount that was added to monthly premiums of all beneficiaries in future years to recover the cost of the reduced premium rate in 2016 over time. .TSCL is particularly concerned about adding significant new long-term permanent costs to Social Security and Medicare by providing temporary work authorization to millions of people who worked illegally prior to gaining authorization. The high degree of uncertainty about the potential future costs was made evident months before Obama ever announced the executive action in November of last year. .Most people who spend the night in the hospital would say they have been an inpatient. But over the past six years, rapidly growing numbers of Medicare beneficiaries have learned that they were never admitted as an inpatient — even though they have stayed in a hospital bed, received treatment, diagnostic tests, and drugs. .Use the lowest price among other economically advanced countries – the so-called "favored nations rule" - to set what Medicare pays for certain drugs administered in a doctor's office, including many cancer medications. This would apply to the most expensive medications covered by Medicare's 'Part B,' which pays for outpatient care. .On Tuesday, two Senate Committees – the Budget Committee and the Homeland Security and Governmental Affairs Committee – held confirmation hearings to question Congressman Mick Mulvaney (SC-5), who was nominated by President Trump to serve as Director of the Office of Management and Budget. If confirmed, he would lead the office that develops the administration's federal budget and advises the White House on fiscal matters. .Despite the new endorsement from the Freedom Caucus, leaders in the House do not yet have the votes needed to win passage. On Thursday evening, House Majority Leader Kevin McCarthy (CA-23) told reporters, "We've been making great progress, and when we have the votes we'll vote on it." .Noncitizens who began receiving benefits before 1997, and who never received legal work authorization, can receive benefits. In addition, individuals who never obtained work authorization, but who received a SSN prior to 2004, and now live abroad, could potentially receive a benefit.