Strange Medicare Cases
Since the start of CPI-E in 1983, the average difference between it and the CPI-W is roughly .25 percentage point per year. Sounds tiny but, like interest, it compounds over time. Had the CPI-E been used to determine COLAs since 2015, your benefit would be about 2% higher today. An average benefit of ,215 per month in 2015 will increase to ,298 per month in 2020. But had the CPI-E been used to calculate the COLAs, that benefit would have been per month more or ,324 in 2020. .Learn how the "anchoring effect" may impact choosing the age to claim Social Security benefits here: "What's Secretly Sabotaging Your Finances? — Your Brain" .The bill would provide seniors with vision benefits in 2022, hearing benefits in 2023 and some dental benefits by 202Progressives are pushing for an earlier start to the dental benefits and that the government increase its share of the cost, which ramps up to 50% by 2032. … Continued
Could We Have Another Year Without A Cola Maybe
Should seniors with Medigap supplements that provide "first dollar coverage" be required to pay more up-front? Should Medicare continue to pay for services based on medical necessity, or should the government change to a system "based on evidence of the value of services?" Congress may be debating these questions this month when the Medicare Payment Advisory Commission (MedPAC) issues its June report to Congress. The idea is to make Medicare beneficiaries "think twice" before scheduling doctor, outpatient services, or hospital stays in order to reduce government spending on Medicare. .However, it is possible that some doctors and hospitals may opt not to accept Medicare due to lower cost reimbursements or providers may also try to pass extra costs to consumers. .TSCL Announces Support for New Legislation … Continued
TSCL Gears Up For Busy New Year .The Senior Citizens League sincerely hopes that Members of Congress will responsibly avert the Fiscal Cliff without enacting harsh Social Security and Medicare benefit cuts. As the deadline nears, we will continue to warn lawmakers about the potential threats that benefit cuts would pose. In addition, we encourage you to contact your Members of Congress to request their support for fair cost-of-living adjustments and a temporary "doc fix." To find contact information for your elected officials, click HERE. .Investigate national and community charitable programs and organizations. An excellent guide to Prescription Drug Assistance Programs is available from The American Cancer Society. Even if you don't have cancer, the information is pertinent to all drug assistance programs. For more information call 1-800-ACS-2345 or download the publication at http://www.cancer.org/Treatment/FindingandPayingforTreatment/ManagingInsuranceIssues/PrescriptionDrugAssistancePrograms/index .Budget Committee Debates Future of DI Program .Why ban the use of earnings from unauthorized work to determine Social Security benefits? Under current law Social Security uses all earnings to calculate Social Security benefits. That means earnings of unauthorized immigrants from jobs worked under invalid and fraudulent Social Security numbers (SSN) can be used both to qualify for benefits and for the calculation of the initial retirement benefit. There is no official published data on the amount of wages on file attributable to aliens working without authorization, but the Social Security Administration maintains an earnings suspense file that represents an estimated 3.5 billion in wages from 2000 through 2010, most of it believed to be attributable to illegal workers. Under immigration reform, that could mean a huge new liability for Social Security in the future, triggering more rounds of cuts and higher taxes. .However, current benefits, as we will learn today, are inadequate, unfair, and in many cases discriminatory, because of systemic economic inequities. .If you choose to supply The Senior Citizens League with your postal address through our website, you may receive periodic mailings from us with information on new issues, products, services or upcoming events. If you do not wish to receive such mailings or if there is an inaccuracy in your name or address, please let us know by writing to us at the above address, or through our Contact Us page. Additionally, you may request that TSCL provide you with the personal information that it has about you over the past 12 months by writing to us at the above address, or through our Contact Us page. .What does this new "pay for performance" mean for patients? Not much is known yet, but I got a first - hand experience of the new system recently. One of my doctors, a specialist, told me that due to a "quality initiative reorganization," he wouldn't be seeing me as a patient anymore. I'll have to find a new doctor. .TSCL acknowledges the fact that changes to programs like Social Security and Medicare will be necessary in the coming years, and we agree that changes should be made sooner rather than later to protect seniors from harsh benefit cuts. Our surveys show that seniors favor Social Security reform options that would require wealthier Americans to pay taxes on all of their earnings, and Medicare reform options that would better coordinate care and prioritize the prevention of fraud, waste, and abuse.