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Tscl Supports Special Extension Of Open Enrollment Period Feed
Payroll taxes, and the taxes that people pay on a portion of their Social Security benefits, are two major sources of program funding. The Social Security Trust Fund also receives interest payments from the U.S. Treasury for the money that the federal government has borrowed when the program was in surplus. In fact, the .The AWI, however, is susceptible to causing permanent benefit reductions when it turns negative, which can happen in years of deep economic recession and extraordinarily high unemployment, as was the case in 2020. Last year, concerns were high that the reductions could be as high as 9.1%, according to an estimate by Social Security's Chief Actuary Stephen Goss. But since then the economy and wages have steadily recovered and the dip in the AWI, if any, is not expected to be so deep. .Nevertheless, Congress is considering ways to "redesign" Medicare. The Congressional Budget Office (CBO) estimates that changing the cost-sharing rules for Medicare and restricting Medigap coverage would save the federal government 4 billion over the next ten years.[1] Medicare supplements, better known as Medigap, cover Medicare's deductibles and other out-of-pocket costs. The plans are popular with seniors because they provide financial certainty by reducing unexpected out-of-pocket expenses. … Continued
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Category Issues Social Security Faqs Page 4
Key Bills Gain Support in Congress .Texas has been hit the hardest by rural hospital closures, with 23 closures since 2013 and as many as 45% of rural and community hospitals operating in the red. By eliminating all private insurance with the single stroke of a pen, Medicare-for-all would force many of our state's already struggling hospitals to be reimbursed at lower rates, further complicating the financial solvency of rural health care providers. .Sources: "Humana Inc. Overcharged Medicare Nearly 0 Million, Federal Audit Finds," Fred Schulte, NPR, April 20, 202"Insurers Running Medicare Advantage Plans Overbill Taxpayers By Billions As Feds Struggle to Stop It," Fred Schulte and Lauren Weber, Kaiser Health News, July 16, 201"Reducing Medicare Advantage Overpayments," Committee for a Responsible Federal Budget, February, 23, 2021. … Continued
Passage of this new rule will allow the House to start conducting business on a larger scale than has been happening since the beginning of the coronavirus social distancing measures. .Because of the huge demand various brands of sanitizers started appearing in stores that we had not seen before. Then we were alerted that some of those that were made in Mexico contained methanol, a form of alcohol that's poisonous to humans, and we should not use them. ."This is a major reason why Social Security checks don't keep up with rising Medicare costs," explains Johnson. "In fact, Social Security benefits have lost 34 percent of buying power since 2000," Johnson adds. .As a result of the inadequate funding, both the both the Old-Age and Survivors Insurance (OASI) and the Disability Insurance (DI) programs have been struggling to serve the public. More than one million applicants are currently waiting to hear whether they qualify for DI benefits, and those who have appealed recent rejections must wait 600 days or longer for their cases to be re-heard. In 2017, 10,000 individuals died while waiting on their DI eligibility decisions. While waiting, they had no access to DI benefits or Medicare coverage, which recipients with long-term disabilities can receive after they are enrolled in the program for two years. .The Mayo Clinic has put out the following information as a way of helping you decide what it is that you may be suffering from. You are advised that if your symptoms are the same as in the past you are likely suffering from allergies again. But if there is any variation you should get tested for Covid. And if you have any doubt, getting tested for Covid is probably the right thing to do, especially if you have not been fully vaccinated. .According to Mr. Brune, SSA is making several organizational and technology-driven improvements that will lead to an increase in fraud detection. The administration is currently expanding its successful Cooperative Disability Investigations (CDI) program, which prevents benefit payments from being made in cases where fraud is detected. The CDI program is operating in thirty-three states this year, and it is expected to expand to the remaining seventeen states by 202Mr. Brune said, "Chairman Johnson and this Subcommittee have long championed this CDI program, and we thank you for that support." .Medicare Doesn't Recover The Majority Of Overpayment Payment Amounts, .What you can do? Tell others! Describe what you are doing to manage your Medicare costs on a Social Security budget. Send your story to your Members of Congress, to the editor of your local newspaper, and to TSCL! .More than ever before, it is critical that seniors make their voices heard on Capitol Hill. In the past two years, countless proposals to cut Medicare and Social Security benefits have been backed by deficit hawks in Congress. Recent plans have called for lower cost-of-living adjustments, increased Medicare means testing, a higher retirement age, and even the phasing out of Medicare altogether. The stakes are high for seniors, and with a critical election just months away, every voice counts. The stacks of petitions that our members signed were delivered along with a personalized letter addressed to each Member of Congress. The letters expressed appreciation to those who have already signed on as supporters of the key issues. To those who have not, however, they conveyed a powerful and urgent message and served as a call to action.