Third, extending the payroll tax cut could make a permanent cut more likely. As of 2009, there were seventy–three "temporary" measures in the books - many of them are now considered as good as permanent. Scott Hodge, the President of the Tax Foundation, recently warned lawmakers about the nature of temporary tax cuts. He stated, "This is going to become a permanent law. Once these things get … cooked in to the system, they're awfully difficult to get rid of.".That means the trust fund reserves money that came out of your paychecks to finance your earned benefits would become unusable by the Social Security and Medicare programs. Here's how that could lead to benefit cuts….don't start feeling better..Representative C.W. Bill Young.Higher out-of-pocket costs: The drawback to MA plans is higher out-of-pocket costs. Where Medigap supplements pay most or almost all of your covered out-of-pocket costs, there are co-pays and deductibles for most services received through MA plans. Depending on the type of MA plan you are considering you may be required to use a narrower network of healthcare providers in order to get the lowest costs. If you are considering an HMO you will be required to use only the doctors, hospitals and providers in the HMO network, or neither the MA plan nor Medicare will reimburse your bills..In last week's update we told you about the pending retirement of Senator Lamar Alexander, who has been a champion of legislation to end surprise medical billing. We feared the effort to end the practice would now be more difficult in Alexander's absence..Since its inception, Medicare has undergone a number of changes. Since 1972 the program has covered disabled persons under 6In the last 25 years, beneficiaries were given the option to obtain services through private managed care arrangements. And most recently, the passage of the Affordable Care Act strengthened Medicare by closing the prescription "donut hole" and expanding preventative services with no deductible or co-pay..To learn more about how work affects your benefits, call the Social Security Administration toll free at and ask for How Work Affects Your Benefits.NOT TRUE. Pfizer has raised the price far too high for seniors on Medicare and living on a fixed income. Prior to the increase, I was paying 4.00 for a 3-month supply, or 6.00 a year. A few days ago I discovered the new price for this year was 8.80 for a 3- month supply or ,915.20 annually.

Medicare Press Release Questions And Answers About Turning Medicare Into A Premium Support System

According to the Senior Citizens League, recipients of Social Security have seen a 30 percent decrease in their buying power since 2000. Additionally, seniors who are enrolled in Medicare Part B programs or own homes have faced particularly large cost increases. This is because COLAs have not kept up with the increase in seniors' expenses and it is simply unacceptable. This needs to change..According to a recent story by Judith Graham, a journalist for Kaiser Health News, abrupt terminations of home health therapy services are hitting families across the nation. The terminations are in response to a January 1, 2020 change in how Medicare pays for home health services. Some home health agencies are suggesting that Medicare no longer covers certain home health services. But please note: That is NOT the case..It's helpful to think of age 70 as the retirement age to get the maximum benefit that you are entitled to. Not only does your benefit grow 8% per year, but the additional years of work could potentially boost the amount of your initial retirement benefit. By continuing to work you also give yourself more time to contribute to retirement accounts and pay off home mortgages, and you reduce the length of time or amount you will need to withdraw from your retirement accounts. That can make a big difference on how well you can live and thrive in retirement. … Continued

Prevent Vaccines Arent Just Kid Stuff

For more information or to view a list of cosponsors, click here..The "Medicare Notch" could affect a growing number of people if inflation remains unusually low while Medicare premium increases are relatively high. With no COLA in 2011 as the Social Security Trustees predict, people protected by the hold harmless provision in 2009 would continue to pay .40 per month, people who enrolled in 2010 would continue to pay 4 because now they would be protected by hold harmless, but new enrollees in 2011 would pay an estimated 0 per month..Action on Capitol Hill remained slow this week, as both Houses of Congress have adjourned for the August recess. However, The Senior Citizens League did see support grow for two key pieces of legislation. … Continued

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