The Senior Citizens League supports legislation that would help lower both taxpayer and Medicare beneficiary costs, including a House and Senate bill that would prohibit surprise medical bills, allow Medicare to negotiate the cost of prescription drugs, and cap out-of-pocket spending on prescription drugs for beneficiaries. To learn more,..Medicaid currently covers about 60 percent of people in nursing homes. But to qualify, seniors in long-term care are required to "spend down" their life savings to the last ,000 and ,000 before Medicaid covers the bill. That won't apply to people younger than 65 under the new rules. Financial eligibility is based on modified adjusted gross income. Medicaid will no longer count how much applicants have in assets like savings and investments for this group of applicants as long as they aren't in long-term care. While that's likely to help more low-income seniors under 65 qualify for Medicaid, TSCL is concerned that it also opens the program to greater potential for gaming the system and fraud..It's hard to know because no official government estimates seem to exist. Just how do illegal workers wind up on Social Security rolls? In order to get jobs they often provide employers with invalid, fake, or even stolen Social Security numbers. Employers withhold payroll taxes as required by law and wage reports are sent in to the Social Security Administration. If the name and Social Security number reported by employers doesn't match those in the SSA's records, the "mismatched reports are placed in an "Earnings Suspense File..Will current beneficiaries and those close to retirement - people age 55 and older - be protected from benefit cuts?.Instead, they are banking on seniors losing the grit and determination that saw them build America into the greatest economic and military power the world has ever known, in order to tax more, spend more, borrow more, and leave us a diminished nation. The generation of my mother and father left me a nation of opportunity and freedom. I assure you, I am reminded of that legacy every day I am in Congress, and remain determined to leave my children, and your grandchildren, a stronger nation..The Senior Citizens League believes Congress must address the loss of buying power by adopting the Consumer Price Index for Elderly Consumers Act. If signed into law, H.R. 1251 would base the COLA on the more fair and adequate CPI-E. Currently, COLAs are based on the Consumer Price Index for Urban Wage Earners, and they fail to keep pace with the inflation experienced by older Americans since goods like gasoline and electronics are weighted more heavily than health care and housing costs..Recently a journalist, familiar with my estimates of cost-of-living adjustments, contacted me for my thoughts on the topic. Did I think we were staring down rising inflation? I told him that I needed to see more data..We are interested in hearing from our readers to learn what you think about the new Medicaid expansion. Are you benefiting from the new rules? Should there be tighter asset restrictions? Send us an email at [email protected] is concerned that the monthly base Part B premium could jump by more than .40 rising from 4.60 to more than 2.00 in 202This doesn't have to happen! Congress can prevent this by providing an emergency COLA.

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Second, one new cosponsor Senator Debbie Stabenow signed on to the bipartisan Beneficiary Enrollment Notification and Eligibility Simplification Act, bringing the cosponsor total up to three. If adopted, S. 1909 would simplify and modernize the complex Medicare enrollment process..Put a medical emergency plan into place, before you need one: Having no plan for emergencies, especially if you live alone, or with a spouse who also needs special care means you need to have a medical emergency plan in case something happens to you. Often doctors will order observation care when you are too sick to safely go home. Although this can still occur even with the best-laid plan, you may be able to reduce the length of an observation stay if you have someone who will take care of you once you are released..The Congressional Budget Office recently reviewed a proposal that would boost the taxable amount of Social Security benefits, as one of the options for Congress to consider to reduce the federal deficit. The proposal, which the CBO has reviewed in prior versions of its Options to Reduce the Deficit, would tax Social Security and Railroad Retirement benefits the same way that distributions from defined benefit pensions are taxed. This is expected to increase the taxable income of older Americans. … Continued

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Known as "auxiliary beneficiaries," they are children, widows, spouses, and parents, entitled to benefits on the record of another individual. The Social Security Act requires that individuals first entitled to benefits as of June 1, 1989 or later, must have applied for a Social Security number to receive benefits. But a recent audit by the Social Security Office of Inspector General found that, as of June 2014, there are 11,179 auxiliary beneficiaries without SSNs receiving benefits because of a loophole - they became entitled to benefits prior to June 1, 1989 and therefore are not required to have an SSN on the Social Security Administration's Master Benefit Record or to have applied for one to receive benefits..0 to as much as 0. You can learn the average costs in your area by.A divorce can throw a monkey wrench into retirement plans, especially for women whose earning records may have fewer work years and at lower earnings than their former spouses. Understanding your options can help you maximize your Social Security benefit and live a more secure retirement. Here are the four main eligibility rules to qualify for a benefit based on the work record of an ex-spouse: … Continued

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