News
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Social Security Medicare Questions August 2014
Immigration Reform .Unfortunately, this has become standard operating procedure in Congress, regardless of who's in power. And even shutting down the government for a period of time is no longer seen to be the drastic action it once was. .Insurers make major changes in their plans every year, like increasing premiums, co-pays, dropping coverage and even closing plans altogether. But according to a survey conducted by TSCL earlier this year, less than 18 percent of respondents said they switched their Part D or Medicare Advantage health plan for 201Medicare's annual Open Enrollment period starts earlier this year -- on October 15th -- and ends December 7th. Medicare beneficiaries should start the process now to find out what their choices are and how much they could save with a new Part D or Medicare Advantage plan. … Continued
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Benefit Bulletin April 2019
By Rick Delaney, Chairman of the Board .With reconciliation, Democrats can pass a bill without any Republican votes so they are hoping to get a much more comprehensive bill than the Grassley-Wyden one. .Moving between retirement communities and facilities can be burdensome and costly. Here are four things to avoid when looking into retirement living: … Continued
The Senior Citizens League's surveys in 2020 asked about support for currently debated proposals to change Social Security and Medicare benefits. The five top areas of consensus include the following: .5 DIY Holiday Gift Ideas For A Social Security Budget .The term "Notch" refers to the disparity in Social Security benefits paid to people born from 1917 through 1926 and those paid to people born before and after them with similar work/earnings records. Many of those born during the Notch period feel they have not been treated fairly and are not receiving the benefits that Congress intended. On the other hand, the Social Security Administration (SSA), some government officials, and the AARP (formerly the American Association of Retired Persons) say that those born during the Notch period are treated fairly and receiving the benefits that Congress intended. The SSA and the AARP say that Social Security does not promise a specific amount of benefits, rather Social Security is designed to replace a certain percentage of pre-retirement earnings. Who is correct? .Can I expect a cost of living increase this next year? Something needs to happen! ."Guest Worker" Immigration Reform Would Give Access to Social Security .This week, congressional leaders and President Donald Trump put an end to the partial federal government shutdown by approving a short-term CR that will reopen the government until Friday, February 15th. .TSCL believes the drug problem could explode this year. Citing massive "sequester" budget and staff cuts, federal officials are set to scale back or drop investigations into Medicare and Medicaid fraud and abuse cases. The Department of Health and Human Services may lose a total of 400 staffers and the existing staff is stretched so thin that it was unable to investigate about 1,200 cases of Medicare and Medicaid fraud and abuse last year. .The first new rule affects Medicare Part B drug costs, which are typically infused or injected drugs used mainly in the treatment of cancer. The intent is to cap the cost of those drugs at the lowest price that drug manufacturers receive in other countries and to pay doctors a flat fee for each dose of a drug, instead of a percentage of each drug's cost. ."That estimate tracks closely with the CPI data through August," Johnson says. "Overall inflation readings are very low, but that's almost entirely due to the dramatic drop in oil prices again this year," she notes. Meanwhile, the data show some big jumps in the cost of goods and services that older and disabled Americans use the most. But that won't necessarily translate into higher COLAs, because the index used to calculate the annual Social Security boost is based on the spending patterns of younger working adults. Younger people tend to spend less on health care and housing, and more on gasoline and electronics, two categories that have gone down in recent years.
