News
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Legislative Update Week Ending May 25 2018
Watch your mail for information from your current Medicare supplemental or Medicare Advantage, and drug plan insurers. Your insurers will send you notification of changes in coverage, such as premiums, deductible, and co-insurance or co-payment costs for 200Carefully review these documents and compare them with your costs in 200File these documents where you can easily refer to them because you will need to use them for comparison when comparing other insurance options. .On Thursday, a group of four Senators – Rand Paul (KY), Mike Lee (UT), Lindsey Graham (SC), and Jim DeMint (SC) – unveiled a major new plan to transition Medicare enrollees into the same health care program offered to employees of the federal government, including Members of Congress. According to the group, the plan will "provide Medicare patients with the best health care in America and will forever protect seniors' interests by aligning them with self-interested politicians." .Ask the Advisor: August 2021 Why Can't Legal Guardians Receive Social Security Benefits on Behalf of Grandchild? … Continued
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Its Tax Season That Means More Scams Aimed At Older Taxpayers
TSCL agrees that lawmakers must take action soon to stabilize the individual health insurance market and to bring down skyrocketing prescription drug prices. In the coming months, our legislative team will continue to monitor and support legislation like the Improving Access to Affordable Prescription Drugs Act (S. 771, H.R. 1776), which would reduce costs and improve care for older Americans. For updates on this bill and others like it, visit the Bill Tracking section of our website or follow TSCL on Twitter. .For more information about town hall meetings near you in the days ahead, call the local offices of your Members of Congress. For contact information, click HERE. .Here are a few secrets about Part D coverage that keep you stuck in your plan and overpaying for prescriptions: … Continued
The Congressional Budget Office recently estimated in their September budget outlook that Medicare outlays for 2020 would rise about 12 percent — roughly double the rate forecast by the Medicare Trustees in their April 2020 report. This suggests that the Medicare Part B premium increase for 2021 could be about .40 per month higher in 2021, rising from 4.60 to 2.00. But even this estimate does not include the impact of cost shifting due to protecting people with low Social Security benefits from reductions due to the high Medicare Part B increase. .At the hearing, much of the focus was on the current state of the Social Security Trust Fund. Most Members of the Subcommittee, including Chairman Sam Johnson (TX-3), seemed to agree that Social Security is on the fast track towards insolvency, but Ranking Member Xavier Becerra (CA-31) was adamant that the program is on solid footing. .The Senior Citizens League's members nation-wide agree that the elimination of the medical expense deduction would be a significant loss for those living on fixed incomes. I encourage lawmakers to keep this critical tax deduction in place and to take a stand for older and disabled Americans as tax reform discussions continue in the days and weeks ahead. .However, right now there is no guarantee Republicans would do that, and instead, it is probable they would blame the Medicare cuts on the Democrats. .From my standpoint, the Federal Government has no business obtaining your personal medical data. There is no space in the examining room for the government. In response, I introduced H.R. 3218 on October 13, 2011 with Rep. Tim Huelskamp of Kansas. Rep. Huelskamp wrote an op-ed that first brought light to this issue and I am happy to have worked with him in crafting this legislation. H.R. 3218 would "amend section 1343 of the Patient Protection and Affordable Care Act to ensure the privacy of individually identifiable health information in connection with risk adjustment." The Federal Government should not be inserting itself in your health care decision-making process. .The Medicare Trustees estimated in their April 2020 annual report that the base 2021 Part B premium would rise by .70 (6 percent), from 4.60 to 3.30.[1] The annual report was written prior to the coronavirus national emergency and does not incorporate the effects of the coronavirus caused recession, the interaction with an extremely low COLA. .I heard that Medicare would be mailing new cards. When can I expect to get mine? .Support Grows for Social Security Fairness Act .Trump's administration "has decided to pursue a radical and dangerous policy to set prices based on rates paid in countries that he has labeled as socialist, which will harm patients today and into the future," Stephen Ubl, the head of PhRMA, said in a statement.
