what you will pay for it - and do this every year. If the drug is expensive,.The blueprint also lays out some modifications to the Social Security program. It would close the Disability Insurance trust fund's shortfall by transferring funds from the Old Age and Survivor's Insurance trust fund over a period of five years. TSCL's members and supporters overwhelmingly oppose the transfer of funds from one trust fund to another since it would put the OASI trust fund on worse financial footing. However, we were pleased to see that President Obama did not include the adoption of the "chained" CPI in his budget blueprint as he did two years ago..In a letter to Marilyn Tavenner, the Acting Administrator of CMS, the Medicare Payment Advisory Commission warned that some of the health plans don't have the experience to manage the full range of benefits required by dual eligibles or the capacity to serve large numbers that would be automatically transferred into the plans en masse at the beginning of the program..Recently we asked for your stories and comments on how rising prescription drug costs impact you. The following story illustrates new administrative efforts by Medicare to "educate" beneficiaries about their options for less expensive prescription meds, by sending out letters listing lower cost medications. The question we need to ask our lawmakers is why is this necessary? Does the Center for Medicare and Medicaid Services believe we are impoverishing ourselves by using more expensive drugs if a less expensive alternative was effective, to begin with? Unfortunately, sometimes the older, less expensive drugs don't work as well, and with metastatic cancer drugs, quality of life can be at stake. Our sincere thank you to Janice S. a retiree living in Illinois, for sharing the following..This week, TSCL endorsed the Social Security Fairness Act, which was recently introduced in the House of Representatives by Congressman Rodney Davis with the bipartisan support of seventy-seven original cosponsors..Are you making the most of your money? A new online website and tool, EconomicCheckUp®, can help you get a better understanding of your financial situation and find personalized, appropriate solutions to save money. You can use it to find work, learn to better manage your budget and explore options to reduce debt, or to explore options to use home equity..Seniors and the Cost of a Coronavirus Vaccine When it is Available.drives up hospital and other costs for Medicare beneficiaries,.The OIG did not estimate the amount that the 11,179 collected in benefits in 2014, no doubt because privacy laws prevent the Social Security Administration from sharing that information. TSCL's Social Security policy analyst and Advisor editor Mary Johnson, however, estimates that this group of auxiliary beneficiaries may have received more than 5 million in benefits in 2014, based on current Social Security statistical data. TSCL agrees with the OIG, and believes that with Social Security in deficit, the Social Security Administration must do more to prevent improper payments.

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Here are six steps to take now that can help you slow hitting the doughnut hole.Medicare has begun a major program change that affects diabetics who get supplies home delivered and other seniors who rent medical equipment like home oxygen gear and wheel chairs. The program is intended to help seniors save money when they buy supplies and rent equipment, but TSCL believes it is more likely to first cause confusion and surprise unanticipated costs until patients figure out the new system..For information about town hall meetings near you in the days ahead, call the local offices of your elected officials. For contact information, click HERE. … Continued

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This year, for the first time in decades, "expanding" Social Security became the platform of a major political party - the Democrats - while both presidential candidates, Clinton and Trump, expressed opposition to any benefit cuts. And lending credibility to the claims, legislation is pending in both the Senate and the House that would provide a boost to Social Security benefits and use a "seniors" CPI, the Consumer Price Index for the Elderly, to determine the annual cost-of-living adjustment. The legislation would finance doing this by lifting the payroll taxable maximum - which is currently capped in 2016 at the first 8,500 in earnings..Doctors, hospitals, and other providers would also be affected payments would be reduced to nursing homes, teaching hospitals, and other facilities, and doctors would no longer be paid according to the fee schedule laid out in the flawed sustainable growth rate formula. While some of these changes including the repeal of the SGR would be welcomed by TSCL, we do have serious concerns about the increased cost-sharing that many beneficiaries would see under the plan..On Monday, a group of three Senators Amy Klobuchar, John McCain, and Chuck Grassley sent a letter to the White House urging the administration to utilize its executive power to reduce prescription drug costs. … Continued

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