News
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Are You Spending Too Much On Your Medicare Coverage
After raiding the current system, the health care law then takes the one aspect of Medicare that everyone agrees is broken and uses it as a model for the future. The health care law establishes the Independent Payment Advisory Board (IPAB) as a tool that is supposed to hold down costs; it is modeled after the failed formula that sets the underfunded Medicare physician reimbursement rates. President Obama recently doubled down on this controversial rationing board, and it seems to be the Democrats' only proposal. .Unlike Medigap plans, Medicare Advantage plans charge a co-payment every time you visit a doctor, use a lab, or have a brief hospital stay. In fact, Medicare Advantage plans can charge a very hefty 5 — 5 per day co-payments for hospital stays that generally would cost nothing at all under Medigap supplements for the same period. Seniors, especially those who are older, and who might require hospitalizations or have chronic health conditions, may wind up spending as much or even more out-of-pocket in a low, or no premium Medicare Advantage Plan as they would with under a Medigap plan. Medicare Advantage plans appear to be more advantageous for seniors who: .This week, lawmakers returned to Capitol Hill and those in the House passed legislation that will reduce prescription drug costs at pharmacies. In addition, the House Ways and Means Social Security Subcommittee met to discuss information technology within the Social Security program, The Senior Citizens League (TSCL) saw two key bills gain support. … Continued
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Benefit Bulletin February March 2018
August Recess Continues .The Senior Citizens League believes Congress can prevent the triggering of the Social Security hold harmless provision and eliminate spiking Medicare premiums entirely by providing an adequate COLA. This includes providing an emergency COLA or boost for 2021. .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
Other Legislation Also Targets Scams and Fraud Against Seniors .TSCL will continue to monitor the process since it will have an impact on millions of older Americans. For example, Medicare Part D beneficiaries who fall into the coverage gap – or "doughnut hole" – will face higher costs for their prescription drugs. For updates on the repeal of the Affordable Care Act, visit the Legislative News section of our website, or follow TSCL on Facebook or Twitter. .Now, another warning has been issued that some sanitizers made in both the U.S. and China contain benzene, a chemical known to cause blood cancers such as leukemias. ."We need to get committees working again. We need to recommit to a rational, functioning appropriations process," McConnell said on the floor of the Senate during the first full day of his Senate leadership. "We need to open up. the legislative process in a way that allows more amendments from both sides." .Last year, my office received reports of people coming up to the doors of our elders, posing as census takers or COVID testers, and requesting sensitive information like Social Security numbers and other forms of identification -- something that real census takers or health workers would never do. .This week, one new cosponsor – Rep. Zoe Lofgren (CA-19) – signed on to Rep. Grace Meng's (NY-6) Notch Fairness Act (H.R. 314), bringing the total up to twelve. If signed into law, H.R. 314 would provide modest compensation to victims of the Social Security Notch, or those who were born between 1917 and 1926. .At Thursday's hearing, Social Security Subcommittee Chairman Sam Johnson (TX-3) and Ranking Member John Larson (CT-3) both spoke about how their Social Security reform bills would improve the program's financing. Chairman Johnson's bill – the Social Security Reform Act – would do so primarily through benefit cuts, while Ranking Member Larson's bill – the Social Security 2100 Act – would do so primarily through revenue increases. Mr. Goss confirmed that both bills – using two very different approaches – would return the program to 75-year solvency if adopted. .Sources: "Salaries of Members of Congress," Ida A. Brudnick, Congressional Research Service, February 1, 2012. .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.