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  • Thousands Qualify Social Security Social Security Number

    Patients would spend less to achieve better health. Value-based care systems focus on helping patients to recover from illness and on managing or avoiding chronic disease. The aim is to decrease the need for doctor visits, medical tests and procedures, and to reduce the amount of money spent on prescriptions while improving health. Value-based care encourages health providers to spend time on prevention-based services in order to focus more efforts on managing chronic disease with the goal of reducing costs like emergency room visits and hospitalizations. .Surprise! A new Part D plan drug pricing program may lower costs for those who seek out the savings. Recent Congressional scrutiny on drug pricing may be spurring some drug plans to drop prices on certain drugs. A new drug plan pricing program offered by Cigna, for example, lowers the cost of insulin. In 2018, the lowest cost Part D plan charged an copay for a 100/ML of Lantus Solostar. In 2019, the lowest cost plan in my area charges copays as low as .00 - .00 for Lantus Solostar in the Cigna-HealthSpring Rx Secure — Extra Part D plan. The highest cost plan, which does not cover Lantus, charges the full price, 3.18 per 100/ML. Which would you rather have? .Bloomberg News reports that the legislation would establish a task force on older investors at the Securities and Exchange Commission. This Senior Investor Taskforce would be required to identify challenges such as the financial exploitation and cognitive decline of investors older than 65, and to consider whether rules issued by the SEC or securities self-regulatory organizations should be changed to benefit them. … Continued

  • How Social Security Calculates Benefits Based On Illegal Work

    What is the current status of the Notch issue? .TSCL is very disappointed to hear President Trump continue to demand a payroll tax cut before he will agree to any new legislation dealing with the effects of the pandemic emergency. .The Center for Disease Control (CDC), one of the major operating components of the U.S. Department of Health and Human Services, has put out new guidance for those Americans who have been fully vaccinated from Covid-19. … Continued

On top of unexpected coverage shortfalls, TSCL's 2017 annual Survey of Senior Costs indicates that homeowners' insurance was the fastest growing housing cost over the past year. In fact, since 2000, the national average homeowners premium rose 154%, a rate of about 9.6% per year! .Each year SSA receives hundreds of millions of employer reported W2s. When Social Security receives a name or SSN on a W-2 that does not match SSA's records, the wage report goes into the ESF while the SSA attempts to reconcile the discrepancy. In recent years the file has been growing at an unprecedented pace—the fastest since the inception of Social Security in 1937. .House Passes Prescription Drug Legislation .Notch Reform continues to be a major priority of seniors who turn 85 to 94 this year. After so many years of receiving lower Social Security benefits than other seniors having similar work and earnings histories, is it any wonder that the majority of "Notch Babies" believe Congress is waiting for the issue to quietly die away? .Four Bills Gain Support .It's clear that Congress has failed mature workers and their families. We need to do more to create jobs and ensure mature workers have the skills needed for today's job market. .On Tuesday, the Trustees of the Social Security and Medicare programs released their annual reports on the current and projected financial status of the two programs. As expected, the Trustees found that both programs currently face manageable financial challenges. .The sharp drop in benefits was unexpectedly steep and unduly harsh for those born from 1917 through 192According to economist Haldi, the decline in average benefit payments "was a highly unusual phenomenon, because benefits normally would be expected to increase slightly from one year to the next for people similarly situated. (7)" .Notch Babies receive lower benefits than other seniors near to them in age with similar earnings histories. For example, in 2012, the average benefit of 95-year old Notch Babies was ,31Yet the average benefit of 96-year old seniors was ,390, a monthly difference of Under normal circumstances the benefits of retirees who are younger are usually slightly higher, because wages used to determine benefits tend to increase over time. This is not the case with people born during the Notch period.