Emergency legislation passed earlier this year required health insurers, including those participating in Medicare, to cover both the coronavirus test, and associated care for COVID-19 without cost sharing. But it's becoming clear that patients may still be vulnerable to "surprise" medical bills for costs they thought would be covered. We hope that your dad is not another such case..TSCL recently released an analysis of the proposal that estimates the chained CPI would cut the growth in average benefits of ,100 today by about ,634 over the course of a 25-year retirement, and that assumes that the economy becomes more stable soon. Nevertheless, the reductions in COLA growth compound over time, and are deepest when seniors are the oldest and sickest. By the time seniors are in their late 80s or 90s, when they are most likely to have chronic health problems, monthly benefits would be about 5 lower using the chained CPI..[2] "How Much Is Enough? Out-of-Pocket Spending Among Medicare Beneficiaries: A Chartbook," Kaiser Family Foundation, July 2014..As the law is phased in over the coming months and years, TSCL will monitor it closely, and our legislative team will advocate against the implementation of the provisions that will increase costs for beneficiaries. For updates on its movement, visit our website at SeniorsLeague.org or our new Facebook page at Facebook.com/SeniorsLeague..On Tuesday, just hours before a 21 percent pay cut for physicians was set to take effect, the Senate approved legislation to repeal and replace the SGR the flawed formula that determines reimbursement rates for doctors who treat Medicare patients. The bill, which was passed by the House two weeks ago, was adopted on Tuesday with a vote of 92-Shortly thereafter, President Obama released a statement saying that he "will be proud to sign it into law.".Representative Larson's bill addresses the growing problems of benefit adequacy and program finances by:.White House Holds Aging Conference.retirement benefits later on when you stop working. If you've delayed starting.Cook big batches of soups, stews and casseroles, and freeze extrMake big batches of soups, stews and casseroles, then freeze servings for one or two. All use less expensive cuts of meats, poultry, and fish. Many can be stretched and made all the more delicious with the addition of vegetables and cooked dry beans. Save the most by making your own stocks, rather than buying the heavily sodium-laden variety off the shelf. A simple stock or stew base requires only carrots, onion, and celery, perhaps some garlic, water, and a small amount of salt. Try growing your own parsley and thyme to add year round. Recycle yogurt, cottage cheese and other small plastic containers for freezer containers. Mark with contents and date.

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Addressing the Part A shortfall will be particularly difficult and contentious for everyone. To bring greater solvency to the HI trust fund, lawmakers will be faced with the politically unpalatable choices of reducing Medicare spending, which could include requiring that Medicare recipients pay more for their coverage and increasing the tax revenues received by Medicare. Congress last addressed Medicare Part A finances in the 2010 Affordable Care Act which, among other things, required hospitals to become more efficient in their delivery of care, while requiring that higher income workers pay a higher Medicare payroll tax rate..The Humane Society of the United States, HumaneSociety.org, maintains a comprehensive list of financial aid-related organizations that can help with pet costs. There are animal welfare organizations that can help out with vet bills, either with low-cost care, loans, or grants..In January the President had said he would "take a look" at cutting entitlement spending, which is Washington talk for cutting Social Security, Medicare and Medicaid. However, the next day after the interview he backed off his statement and tweeted that he would save Social Security. … Continued

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People frequently overestimate the amount of money they will receive from Social Security benefits. Lifespans are growing longer, and ideally you will want your savings to last over the length of your retirement that could be as much as 25 to 30 years long. At the same time life expectancy is rising, so are healthcare costs. If you talk to folks who have already retired, you will learn that almost 6-in-10 retirees will report that healthcare costs take one-fourth to one-third of their Social Security benefits..However, TSCL does oppose two provisions that lawmakers included in the package to offset the cost of the 0 billion bill: one provision would increase Medicare Part B and Part D premiums for wealthier seniors, and the second one would create a new 0 deductible for supplemental Medigap plans. Both provisions will require seniors to pay more for their health care, and TSCL feels strongly that seniors should not be required to cover the cost of the poor policy-making decisions that were made by Congress nearly twenty years ago..Medicare's extraordinarily high reimbursement rates for durable medical equipment like back braces and power wheel chairs have made it a particularly lucrative target for crooks and abuse billing practices. The Centers for Medicare and Medicaid Services recently reported that an astonishing 66% of all durable medical equipment claims were improperly paid in the government's fiscal year 2012, costing Medicare more than billion. … Continued

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