News
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Legislative Update For Week Ending May 24 2013
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. .In new versions of this scam, scammers are impersonating the Social Security Administration using the Social Security Administration's own phone number as the incoming number on your caller ID. This is called "spoofing." Should you receive a call from someone alleging to be from the Social Security Administration you may report that information to the Social Security Office of Inspector General at 1-800-269-0271, or online at https://oig.ssa.gov/report. .In addition to a growing number of people affected by the tax, those who are affected pay a growing share of their benefits in taxes as well. The Congressional Budget Office estimates that 52 million Social Security beneficiaries paid 6.7% of their Social Security benefits as income tax in 2014, and projects that will rise in the future to 10% or more. … Continued
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Congress Moving Immigration Amnesty
The legislation is called a "CR" - a continuing resolution, which means the government will be funded for a short period of time and for the most part it will be at the same funding levels as in fiscal year 201The CR will last until Nov. 21 at which time one of three things must have happened. Either they will have finally passed all the funding bills needed for the rest of the fiscal year; or they will have passed another CR; or we will have another government shut-down. .The Neal bill was passed by the Ways and Means Committee on Wednesday of this week. It would ban surprise billing using an arbitration process favored by hospitals and specialty physician groups but opposed by insurers, employers and labor unions. Neal's legislation would send all the disputes that can't be settled between the parties to arbitration but require mediators to consider median contracted rates used by health plans, with the mediators prohibited from considering "usual and customary charges," also known as "billed charges." .House Passes Prescription Drug Legislation … Continued
"Concern is high among older Americans that undocumented immigrants who illegally worked under fake, invalid, or fraudulent Social Security numbers may at some point receive benefits based on such work," says TSCL Chairman, Ed Cates. A survey conducted by TSCL, a nonpartisan seniors organization, found that 82% opposed the current government policy that allows Social Security to determine entitlement to Social Security benefits based on earnings from jobs worked without legal authorization. .According to Rep. Roskam, the bill would enhance data sharing between states and agencies so that they can more easily catch scammers, and it would modernize outdated fraud prevention systems. Upon introducing the bill, Rep. Carney said, "In this Congress, it's not easy to find areas where Democrats and Republicans agree, but fighting waste, fraud, and abuse while saving billions of taxpayer dollars just makes sense." .If your prescription drug costs are outgrowing your ability to pay for your medicine, look into Medicare's "Extra Help" program. The program helps pay for some, or most, of the costs of Medicare prescription drug coverage, depending on income. In addition, there's no doughnut hole coverage gap that leaves you footing the bill for a larger share of the co-insurance, there's no late enrollment penalty, and you have the chance to switch plans at any time. According to the 2018 Medicare & You Handbook, drug costs in 2018 for people who qualify will be no more than .35 for generics and .35 for brand-name drugs. .The group offers a Seniors Program that connects eligible seniors 65 and older with local volunteer ophthalmologists who provide a medical eye exam (often at no out-of-pocket cost), and up to one year of follow-up care for any conditions diagnosed during the initial exam. .On Wednesday, Members of the Senate Budget Committee held a hearing called "The Coming Crisis: Social Security Disability Trust Fund Insolvency." They heard from a number of expert witnesses, including Carolyn Colvin, the Acting Social Security Commissioner. .Negotiations thus far seem to be moving slowly, and it remains to be seen whether or not the conferees will reach an agreement before the looming deadline. TSCL will keep a close eye on the evolving negotiations, and we will continue to inform the conferees about the harms that would result from including harsh benefit cuts in a budget package. For updates, visit the Legislative News section of our website. .We recently moved my mom from another part of the state to live with us. She's starting to have memory problems and it's too risky for her to live on her own. Recently when we went for a visit to her new doctor, I discovered that her Medicare health plan isn't accepted in our area. Can she enroll in a new plan now that Open Enrollment is over? .Specialty-tier drugs are defined by Medicare, as those that cost more than 0 per month in 2019, and include drugs used to treat cancer, hepatitis C, multiple sclerosis (MS), and rheumatoid arthritis. Even when Part D enrollees reach the Medicare Part D catastrophic coverage phase, when co-insurance drops to 5%, beneficiaries who take these drugs can continue to face thousands of dollars in annual out-of-pocket costs, according to the Kaiser study. The study found that annual out-of-pocket costs for specialty drugs in 2019 are expected to average ,994 across the 28 specialty-tier drugs that are covered by drug plans. ."We've seen sometimes 10 to 12 dependents, most times nieces and nephews, on these tax forms," the whistleblower told WTHR Eyewitness News. The Treasury Inspector General report corroborates this, saying that questionable claims are made that include children living outside the United States. The individuals who received the tax credits filed an income tax return. Even though it's illegal for unauthorized immigrants to work in this country, the federal government requires payment of taxes on earnings. Even income obtained illegally is subject to income taxes. Because illegals don't qualify for a Social Security Number, the IRS provides an Individual Taxpayer Identification Number (ITIN) to enable them to file a return.
