News

  • Ask Advisor July 2016

    Last year, prescription drug prices grew by 12% nationwide. A rate that high hasn't occurred since 200What do you believe should be done to manage the growing cost increases of prescription drugs? .And, in case you had any doubts about why you need that Medicare Advantage plan in the first place, here are the general types of costs if you have Medicare Advantage plan coverage compared with having traditional Medicare with a Medigap supplement. .It turns out than among seniors who are not vaccinated, the biggest problem may be access to the vaccine as opposed to opposition to getting the shot. … Continued

  • 58 Of Seniors Worried Their Health Plan Could Be Cancelled

    The Senior Citizens League (TSCL) shares Senator Nelson's concerns, and we are hopeful that Congress will take action in the near future to ensure lower out-of-pocket spending for Medicare beneficiaries. In the weeks ahead, we will continue to monitor the confirmation of Congressman Price, and we post updates here in the Legislative News section of our website. .This does not mean you should stop using hand sanitizers when you cannot thoroughly wash your hands. It just means you would be wise to throw out any of the above listed hand sanitizers if you have them. .Commodities and Services Pricing Survey, an establishment survey of businesses selling goods and services to consumers, used to provide the price data for the CPI … Continued

If our forecast proves correct, this would. .This week, two new cosponsors – Representatives Michelle Lujan Grisham (NM-1) and Mike Coffman (CO-6) – signed on to the Credit for Caring Act (H.R. 4708), bringing the cosponsor total up to five. If signed into law, the bill would provide eligible caregivers with a new tax credit equal to 30 percent of all expenses greater than ,000, and capped at ,000 per year. .This week, TSCL announced its support for the Savings on Medical Expenses for Seniors Act of 2014 (H.R. 4104), which was introduced by Rep. Gloria Negrete McLeod (CA-35) on February 27th. The bill, if signed into law, would make permanent the 7.5 percent threshold for the medical expense tax deduction for those sixty-five and older. The threshold is currently scheduled to increase to 10 percent of adjusted gross income in 2017, which would mean that fewer seniors would qualify for much-needed relief. .To date the government has no comprehensive estimate of the costs of such policies on the Social Security Trust Fund, or the cost of benefits based on illegal work. Nevertheless, Congress is studying a number of changes to Social Security that would cut the benefits of both future and current U.S. senior citizen beneficiaries who worked and paid into Social Security legally. .First, re-shop your Medicare prescription drug coverage every fall during Open Enrollment season -- and the same goes for Medicare Advantage if you're in one of these plans. Insurance companies often change their offerings year-to-year in ways that can increase drug costs by hundreds of dollars, or make it more difficult to get certain drugs. At the same time, your drug needs may have changed since the last plan selection period in ways that make a plan less beneficial for you. .Recent healthcare cost data have the experts perplexed. According to a new analysis from actuaries of the Centers of Medicare and Medicaid Services, national healthcare spending in 2011 grew at just 3.9 percent. This is the third consecutive year it's grown so slowly, making it the slowest pace in the more than 50 years such data have been tracked. Federal officials don't know for sure if it's a temporary fluke due to prolonged recessionary effects, or part of a long-term trend. .TSCL believes that the extreme cost increases are putting Medicare beneficiaries and funding for Part D at risk. "Medicare must be given the authority to negotiate pharmaceutical prices with manufacturers for covered Part D drugs," says Cates. How are rising healthcare costs affecting you? TSCL wants to hear from you, visit . .Although not many studies exist, according to one study of average earners born from 1917 through 1926, the disparity in benefits with other retirees seems to average about 26%. .A Census Bureau poll of how households are handling their medical needs during Covid-related closures and stay-at-home orders found that millions are going without care. In the last four weeks to June 9 an estimated 87.7 million people across the nation delayed getting care, while nearly 71 million needed it for something unrelated to Covid-19, but did not get it,