Health costs report prescription drug coverage for medicare beneficiaries a 4

During the debate over the debt limit, you undoubtedly heard the President try to scare you into believing Social Security checks would not come. Let me be blunt. The federal government takes in nearly seven times more than it needs every month to pay Social Security checks. The money was there. If checks didn't come, it would have been because the President had chosen not to pay them. You did not read that wrong. If you had not received your Social Security payment, it was because the President has directed the Secretary of the Treasury not to pay it..Even if your income or assets are slightly higher than the guidelines, you should still apply. That's because certain kinds of resources may not be counted. States figure your income and assets differently, so you may be eligible in your state. When determining eligibility, your countable assets include checking or savings accounts, stocks and bonds. Your home, and one car, will not be counted..The first day of each month - when big payments go out for Medicare reimbursements, military salaries, veterans' benefits, pensions for military and civilian federal employees and more - is particularly bad. The third day of each month and Wednesdays, when Social Security benefits go out, aren't great either. Interest payments to Treasury's creditors go out on the 15th and at the end of each month of beginning of the next..This week, TSCL announced its support for the Protecting and Preserving Social Security Act, which was introduced by Senator Mazie Hirono and Representative Ted Deutch. Their bill, if signed into law, would base Social Security cost-of-living adjustments on the Consumer Price Index for Elderly Consumers and it would gradually phase out the cap on income subject to the payroll tax over a period of seven years.."For this group of Medicare beneficiaries, this will also be the largest Medicare Part B increase in five years after premiums remained relatively flat since 2013," says Mary Johnson, a Social Security and Medicare Policy Analyst for The Senior Citizens League. The jump in premiums is due to a special provision of law known as "hold harmless," which protected millions of Social Security recipients from reductions to their Social Security benefits in 2016 and 2017, when then the annual - cost - of - living adjustments were zero and just 0.3 percent, respectively..This week, House and Senate lawmakers returned to Capitol Hill to begin the "lame duck" session. In addition, The Senior Citizens League saw two key Medicare bills gain support in Congress..The Democratic Platform Committee approved a plan that would expand the Social Security program "so that every American can retire with dignity and respect." Their document states, "We will fight every effort to cut, privatize, or weaken Social Security, including attempts to raise the retirement age, diminish benefits by cutting cost-of-living adjustments, or reducing earned benefits."."Social Security: What Would Happen If The Trust Funds Ran Out?" Christine Scott, Congressional Research Service, August 2, 201Debt Limit Analysis, Bipartisan Policy Center, July 2011..Finally, some Good News

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Because of your concerns in this regard, you will be pleased to learn of H.R. 1030, the Consumer Price Index for Elderly Consumers Act of 201This legislation would direct the Department of Labor to prepare and publish a monthly CPI for Elderly Consumers that indicates changes over time in expenditures for consumption that is typical for individuals 62 years or older. The bill would then amend current law to provide for the use of such new CPI in the computation of COLA increases for Social Security and Medicare benefits..Even though Congress passed and sent to the President this week an emergency supplemental spending bill to deal with the coronavirus, the issues caused by the outbreak may result in the failure to pass other legislation that had been planned on..Budget Deal Passes With Provisions To Head Off SSDI Benefit Cut … Continued

Health Congress Passes Surprise Medical Billing Legislation Magazine2021
This cost shift hits includes retirees with the lowest incomes. Specifically it hits their state Medicaid budgets that pay Part B premiums for low-income Medicare beneficiaries - about 19% of all Medicare recipients. If Medicare Part B premiums go up by more than .40 per month in 2021, that would add yet another fiscal shock to state budgets that are already strained to the limit due to the coronavirus pandemic..If you have not been offered affordable insurance through your employer, you are not receiving Medicare, and you purchase your own health insurance coverage, you may be among those who have the most to gain from shopping for health insurance on the new health insurance exchanges. Depending on your income, you may be eligible for new premium subsides that would cover part of the cost of your health insurance premiums. The exchanges are now open for comparing health insurance coverage that becomes effective January 1, 2014..Even when patients do seek treatment at a hospital mainly staffed by doctors in their insurance plans, they might wind up being treated by an out-of-network specialist. Worsening the problem, insurers have narrowed their networks of preferred doctors over the years in hopes of steering patients away from hospitals to lower-cost outpatient facilities and doctors. … Continued