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  • Category Issues Medicare Part B Faqs

    As TSCL supporters well know, Congress has not been able to accomplish significant legislative reform to the convoluted drug pricing system even though anger about high drug prices has been rising for a long time. .The nation's pharmaceutical industry has pushed back against the potential order, arguing that the United States should not shut itself off from a global supply chain. .Fourth, one new cosponsor – Representative Raul Ruiz (CA-36) – signed on to Medicare Prescription Drug Price Negotiation Act (H.R. 242), bringing the total up to forty-four. This bill, if adopted, would require the Centers for Medicare and Medicaid Services (CMS) to negotiate lower prescription drug prices on behalf of Medicare Part D beneficiaries. Under current law, CMS is prohibited from doing so. … Continued

  • H R 1030 Consumer Price Index For Elderly Consumers Act

    In addition, one new cosponsor signed on to the Preventing and Reducing Improper Medicare and Medicaid Expenditures (PRIME) Act (H.R. 2305). The new cosponsor is Rep. Tim Walberg (MI-7), and the total now sits at sixty-six. If signed into law, the PRIME Act would take a number of steps to comprehensively prevent fraud, waste, and abuse within the two programs – a problem that TSCL believes must be addressed in order to ensure that scarce program dollars are being spent properly. .Social Security's combined Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI) Trust Funds will be fully funded until 203At that point, if nothing is done by Congress, Social Security will still have the funds to pay out 79 percent of scheduled benefits using tax revenues. The Trustees also estimated that Medicare's Hospital Insurance (HI) Trust Fund will be fully funded until 2026, at which point the program will still be able to pay out 88 percent of scheduled benefits using tax revenues. .We have been hearing from hundreds of you who are watching the inflation numbers and eagerly looking forward to getting a high inflation boost next year. But a number of you point out an urgent problem that occurs. COLA Estimated to Be 6% to 6.1% For 2022 , editor … Continued

Can your husband do any other type of work? Even if your husband can't do the work he did in the past, the Social Security Administration will consider if there is other work he could do. .In reality, no Social Security reduction is small, because the loss compounds over time. The problem is especially unacceptable when this problem can be prevented by Congress in the first place. Individuals who were born in 1949 and who retired at age 66 with average benefits have lost about ,915 through the end of 2021, due to the reduction in the AWI in 200Their benefits today are about per month lower than what they otherwise would have received had they been born one year earlier. Even worse is the loss over time. Assuming that an individual lives to age 90, retirees born in 1949 would lose an additional ,297 in lifetime Social Security benefits—or even more, if their benefits are higher than average. This type of benefit reduction is known as a "notch" in benefits, and those affected might be referred to as the "1949 notch babies." .House Republicans Revive AHCA .Earnings may cause your Social Security benefits to be subject to taxation. A portion of your Social Security benefits may be taxable if your income is over certain thresholds —,000 and up (individuals) or ,000 and up (couples filing jointly). .Continuing Resolution Debate Grows Complex .Most people don't know where to begin, and the process is designed to overwhelm you before you start. You, however, do not have to be one of these people. All you need to do is to call and set up a free counseling session with a local Medicare benefits counselor. Do this NOW. Locate the program in your area on the State Health Insurance Program website — https://www.shiptacenter.org. .In addition, one new cosponsor – Rep. William Keating (MA-9) – signed on to the Strengthening Social Security Act (H.R. 3118). The cosponsor total is now up to sixty-three. If signed into law, H.R. 3118 would reform the Social Security program in three ways: it would adjust the benefit formula, resulting in more generous monthly benefits; it would base COLAs upon the CPI-E, resulting in more accurate annual increases; and it would lift the cap on income subject to the payroll tax. The bill would extend the solvency of the Social Security Trust Fund responsibly, without cutting benefits for seniors. .But that's not the case for about 12 million employees with the highest salaries in the country. Unlike the Medicare payroll tax, which applies to all earnings, Social Security payroll taxes apply only to the first 8,400 in earnings. Neither the employees who earn more than 8,400, nor their employers, pay Social Security taxes on earnings in excess of that amount. "That's a problem for Social Security's financing," says Johnson. .I would like to know the deductible of my Medicare.