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  • 89 Of Seniors Say Expenses Rising More Than Current Cost Of Living Adjustment Cola

    The so-called "Buy American" order could represent a seismic shakeup of the drug industry: No one knows exactly how much of the American drug supply chain is produced abroad, but some experts say that up to 90% of critical generic drugs are made at least partially abroad. .Now I say neglect, because it's been 38 years since Congress has done anything to strengthen Social Security and 50 year since we have improved its benefits. .Switching Drug Plans Can Save Big Money — Here's Proof … Continued

  • Ask The Advisor May 2011 Advisor Feed

    Lawmakers from both the House and Senate remained in their home states and districts for the last week of the month-long August recess. They are expected to return to Washington on September 5th, where they will face many important challenges including lifting the debt ceiling and passing a spending bill to continue funding the government. .Medicare Advantage plans contract with Medicare to provide all basic Medicare services, and plans receive monthly lump sum payments that cover expected costs for an average Medicare beneficiary. But officials have known for years that some Medicare Advantage plans overbill the government by exaggerating how sick their patients are, or by charging Medicare for treating serious medical conditions that they cannot prove that patients have. Audits of 37 health plans revealed that, on average, auditors could confirm only 60% of the more than 20,000 medical conditions that CMS paid plans to treat. .However, taking this action would cause at least two difficulties for the President. Signing legislation to reduce Medicare spending on the drugs would generate official budget savings that Congress could have applied to other health-care legislation -- bills to expand insurance coverage or reduce other drug spending, for example. Executive action taken before a bill's passage would remove a key bargaining chip, and likely reduce the scope of a health-care bill expected in the coming months. … Continued

TSCL is concerned because even though illegals approved for the program don't gain legal status, they do gain work-authorized Social Security numbers. This work-authorized number is all that the government requires to later allow non-citizens to file a claim for Social Security benefits. Under current law, the government uses all earnings to determine entitlement, as well as the amount of the initial retirement or disability benefit, even if jobs were worked illegally. .A 2.8 percent COLA would be the largest since 2012, but according to The Senior Citizens League's Social Security Policy Analyst Mary Johnson, "Retirees may be disappointed when they learn what the cost of their Medicare premiums and prescription drugs will be for 2019." .Support for Notch Reform legislation has grown significantly, nearly doubling over the previous six Congressional sessions in which it's been introduced. TSCL is encouraging seniors and their younger family members like you to contact your Members of Congress and urge them to co-sponsor and pass "The Notch Fairness Act, " H.R. 1001 and S. 118! .But a study of typical senior costs conducted by TSCL indicates that COLAs aren't doing a very good job of keeping up with rising prices now, primarily because the CPI isn't fully reflecting the portion of income that seniors must spend on rapidly rising healthcare costs. The study found that the Social Security benefits have lost 32 percent of their purchasing power since 2000. .Advocates for less government involvement in health care and instead letting the free market have a stronger role base their arguments on the idea that just like groceries or cars or clothes, consumers should be able to shop around and look for the best value in health care. .The Senior Citizens League favors legislation that would adjust the thresholds, or repeal the tax altogether and replace it with other sources of revenue. If the thresholds were adjusted to today's dollars the ,000 (single) threshold would be about ,107 and the ,000 (joint) would be about ,097. .Dental insurance works differently than health insurance. Standard Medicare, for example, has an 80/20 structure. Traditional Medicare pays about 80% of the Medicare approved cost, while the patient, or the patient's supplemental insurance, pays most, or all of the balance. On the other hand, dental insurance can follow a 100-80-50 structure. If you use in-network dentists, dental plans may pay 100% of routine preventive services, such as x-rays, cleanings and exams. The plan may pay only 80% for basic procedures such as fillings, root canals, and extractions. And major procedures such as crowns, implants and gum disease treatments may only be reimbursed at 50%, which can set you back with significant out-of-pocket costs. .This unexpected policy adjustment is largely attributable to the 6 billion in cuts to Medicare that Obamacare calls for. More than one-fifth of the cuts – approximately 6 billion – are to the Medicare Advantage program, which insures more than one-quarter of all seniors over the age of sixty-five. It's important to note that the savings from the cuts are not going back into the Medicare Trust Fund; instead, the money is going to help pay for the health insurance of younger, working adults under Obamacare. .This week, in elections nation-wide, Republicans in the House and Senate held on to their majorities, and President-elect Donald Trump defied odds to win the White House.