News

  • Medicare Needs To Be Able To Negotiate Prescription Drug Prices

    Social Security Cost-of-Living Adjustment – Ensure a fair, accurate, and guaranteed COLA. .The House-passed bill eliminates the medical expense deduction, which approximately 5 million taxpayers over the age of sixty-five rely upon when their out-of-pocket medical costs total more than 10 percent of their annual income. The elimination of this deduction would be a catastrophic financial loss for those who find themselves in need of costly in-home or nursing home care. Congressman Kevin Brady (TX-8) – the chairman of the bicameral conference committee – said this week that he hopes to keep the deduction in place, but discussions remain up in the air. .In 2018, the Part B premium remained 4 per month. To cover that premium, Barbara, whose Part B premium was 8.00, needed a COLA of at least .00. That was more than the 2% COLA boosted her Social Security benefits. Once again her Part B premium was adjusted and in 2018 she pays a Part B premium of 7.00 per month. In 2019 her COLA will be high enough to catch up to the Part B premium of 5.50 and still leave a small boost for her net Social Security benefits. … Continued

  • Medicare Advantage Insurers Overcharged Medicare By Nearly 30 Billion

    Resources: The Medicare Rights Center has an online tool called "Medicare Interactive" that can answer more of your questions about prescription drug coverage. Try it at www.MedicareInteractive.org. .My brother-in-law has a low income and is getting home healthcare services. Recently I stopped in and saw a fancy new TV. When asked where it came from, my brother-in-law said it was a rebate from the home healthcare agency. Does Medicare or Medicaid allow this? We live in South Florida. .Expands disability investigation units effective Feb 1, 2016. … Continued

TSCL's members and supporters tend to be older, less affluent seniors. They are also, to a large extent, Notch victims — those individuals who receive lower Social Security benefits because they were born between the years 1917 and 1926. .Last week, in a last ditch attempt to try and come up with new legislation, Secretary of the Treasury Mnuchin and White House Chief of Staff Meadows met with the leaders of the House and Senate see if they could reach a compromise. They could not. One of the big reasons was the overall cost of the legislation and in the amount of money that would be given to those who are unemployed because of the pandemic. .The Senior Citizens League's Legislative Liaison Joe Kluck visited Capitol Hill on Tuesday, December 4, 2018. .You might be able to avoid doing so. Coronavirus stimulus legislation (CARES Act) that was signed into law in March waives required minimum distributions (RMDs) in 2020 for anyone who owns a 401(k), 403(b), or IRA. Instead of taking money from your retirement accounts this year, retirees can wait, or take less, to give investments time to recover. That's helpful, because most RMDs are based on the value of your retirement accounts on December 31st of the previous year. .Can Home Health Agencies Provide Rebates? .The situation can be potentially dangerous for Medicare beneficiaries and their families. If you are approached or receive a call by someone offering money, free services, free groceries, free transportation or TVs for your Medicare number, say no. If you suspect fraud, Medicare has an area on its website where you can report fraud. .Under both measures, the poverty rate increases with age, and was higher for people in relatively poor health. .This article focuses on immediate annuities that provide income that starts right away, and lasts over your entire lifetime. (There are deferred annuities that younger investors purchase for later payouts. This type often has a reputation for high sales costs and poor investment performance and is not the topic of this article.) .(CDC's mission is to protect America from health, safety, and security threats, both foreign and in the U.S. Whether diseases start at home or abroad, are chronic or acute, curable, or preventable, human error or deliberate attack, CDC fights disease and supports communities and citizens to do the same.)