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  • 64 Percent Retirees Affected Nine Years Flat Growth Cola

    "That combination elevates the risk of disruptions to care, and unexpected, uncovered costs — two problems that could plague seniors shifted to new managed-care plans," Hyland says. Most states are expected to "passively enroll" beneficiaries into the plans requiring beneficiaries to take the initiative to opt out. "It is too early to know what type of choices those wishing to opt out will have," Hyland notes. "Without a strong notification and education process, many of the affected dual eligibles may not be aware, or understand, that they have new health coverage, " he says. "A new health plan can mean a change of doctor if their former providers don't participate," Hyland explains. .Key Bills Gain Support in the House and Senate .Discussion on the bill will likely continue into the summer, and TSCL will continue to monitor the ongoing debate. We remain hopeful that lawmakers will address any loopholes that would allow immigrants to claim Social Security credits based on work done illegally. In addition, TSCL is concerned that those with provisional status could have access to Social Security and Medicare benefits before they are granted citizenship. Both of these issues would put an unnecessary and unspecified strain on the Trust Funds, and we will continue to inform Members of Congress about potential issues in the coming weeks. … Continued

  • Will Next Cola Finally Raise Social Security Benefit

    Eighty percent of the nation's active pharmaceutical ingredients come from overseas — and China is its No. 2 supplier, behind only Canada. .Your guaranteed issue rights for Medigap. If you want to purchase a Medigap policy, you need to do so during your Initial Enrollment Period. If you miss your Initial Enrollment Period, Medigap supplemental insurers can impose month waiting periods for pre-existing conditions that can leave you footing the bills until your coverage finally kicks in. On the other hand all Medicare Advantage plans offer guarantee issue rights, without exclusions or higher costs for pre-existing conditions or age during Medicare's fall annual enrollment periods. .Use a consumer price index that better reflects the costs of retirees — the Consumer Price Index for the Elderly (CPI-E). … Continued

Despite progress on the bill's movement in the House this week, the AHCA appears to have a tough road ahead. TSCL will be keeping a close eye on it in the days and weeks ahead since its passage would negatively impact the health and financial stability of older Americans. For updates, follow TSCL on Twitter, or visit the Legislative News section of our website. In addition, we encourage our members and supporters to call their representatives in Congress to request their opposition to the AHCA. Contact information can be found HERE. .It came in the mid-1950s, before health insurance for outpatient care was common, before new drugs were protected by multiple patents, and before medical research was regarded as a way to become rich. It was not patented because it was not considered patentable under the standards at the time. .After the hearing TSCL contacted Chairman Larson's office to ask why he hasn't reintroduced his Social Security 2100 bill yet and we look forward to hearing from him about this. We have been urging him to do so for weeks now and we hope he will do it now. .CMS Announces Preliminary MA Payment Changes .Source: "Analysis of Plan 2 of The President's Commission on Social Security," Congressional Budget Office, July 21, 2004. .Last week, the two leaders of the Republicans and Democrats in the Senate finally were able to reach an agreement on organizing the Senate for the next two years. An agreement was needed because each party has 50 Senators. Because of that, Vice President Kamala Harris, who is President of the Senate as provided for in the Constitution, will break any tie votes that may occur. That includes the vote to organize the Senate. .If you have been around someone who has COVID-19, you do not need to stay away from others or get tested unless you have symptoms. .The new bill would reform the health care system in several ways if adopted. It would remove the ACA's individual and employer mandates, modify tax credits so they would be based on age instead of income, create a new penalty for individuals who do not maintain continuous health insurance coverage, and allow health insurers to charge older Americans five times more than they charge younger folks for their coverage, making health insurance unaffordable for millions of seniors who are not yet eligible for Medicare. .First, one new cosponsor, Representative Dean Phillips (MN-3), signed on to Congressman Larson's Social Security 2100 Act (H.R. 860), bringing the total up to 20If adopted, this critical bill would strengthen and reform the Social Security program responsibly, without enacting benefit cuts for current or future retirees. It would also cut taxes for millions of seniors and create a new Special Minimum Benefit set at 125 percent of the poverty line.