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TSCL's annual Senior Surveys indicate that roughly 56% of retiree households pay tax on a portion of their Social Security benefits. About the same number support reducing the taxation of Social Security benefits by lifting the threshold for taxation of Social Security benefits from ,000 to ,000 for single filers and from ,000 to 0,000 for joint filers..As was noted in last week's update, the AHCA would reform the current health system and negatively impact older Americans in several ways. It would restructure the Medicaid program, which funds nursing home care for many qualified Medicare beneficiaries. It would base premium subsidies on age instead of income, while allowing private health insurers to charge older Americans five times more than they charge younger folks for their coverage. And it would deplete Medicare's Hospital Insurance Trust Fund by eliminating two revenue sources that the ACA created, creating a funding crisis for the program..like A.M Best, Moody's, Standard & Poor's or Weiss. You may want to.Recent healthcare reform legislation gradually reduces what beneficiaries must spend when they reach the Part D doughnut hole or gap in coverage. Medicare consumers who hit the doughnut hole receive a 50 percent discount on brand name drugs and a 7 percent discount on generics in 201While that's good news, don't breathe any sighs of relief just yet. Seniors and the disabled who hit the doughnut hole must still spend ,448 in total drug costs in 2011 before they reach catastrophic coverage period..When Congress enacted automatic Social Security COLAs in 1972, there was only one CPI and it measured the inflation experienced by urban wage earners and clerical workers. The 1972 amendments used this CPI as the basis for determining your COLA today. But today there are other, more appropriate indexes for calculating the COLA. In 1978 the Bureau of Labor Statistics expanded the CPI known as the CPI-U to cover all urban residents, including most retirees, and in 1983 the BLS launched an experimental index, the Consumer Price Index for the Elderly, which reflects the spending patterns of people age 62 and older..I remain committed to determining the causes of rising drug prices and identifying potential solutions to reduce costs for American families. Everyone deserves access to health care that will improve their lives. Health care is a right, not a privilege, and I pledge to do all I can to protect this right..Congressional Research Service May 24, 1999.This week, The Senior Citizens League was pleased to see support grow for four key bills in the House and Senate..Heap's story is part of a major investigative series on Medicare drug fraud, by the independent, non-profit investigative news organization ProPublica. Reporters, using Medicare's own data, were able to identify scores of doctors whose prescribing within Part D followed known patterns of fraud. ProPublica's investigation found that "Medicare's system for pursuing fraud is so cumbersome and poorly run that schemes quickly siphon away millions." The stories are drawing a remarkable reaction from the normally snail-paced Medicare. The agency recently announced plans to better control prescription drug fraud, including new authority to revoke doctors' Medicare enrollment if patterns of abusive prescribing are found.

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On August 15th, President Obama went on the record saying, "We should extend the payroll tax cut as soon as possible, so that workers have more money in their paychecks next year and businesses have more customers next year.".Under traditional Medicare with Medigap, you have greater freedom to select providers and to travel and still get coverage. Medigap is the better choice for people who divide their time between homes in two different states, or who like to travel outside the U.S. Several Medigap plans cover foreign travel emergencies. On the other hand under many Medicare Advantage plans, you would need to follow your plan rules to get in-network care and would be more limited to specific geographic areas. If you join a Medicare HMO and then have a medical emergency in other part of the country where your plan does not operate you would foot 100% of the medical bill..In April, the Medicare Trustees estimated that the standard monthly Medicare Part B premium, which covers doctors and outpatient services, would rise .70 - from 4.60 in 2020, to 3.30 in 202The April forecast, however, was made prior to the coronavirus, and did not factor in the impact of COVID-19 on expected medical costs or inflation. … Continued

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Payments for smoking cessation programs..I've been filling my mother's prescriptions at the same pharmacy without a problem and charged the same co-payment every month. In November when I picked up her prescription, I was charged the full price of the drug. She was not near the doughnut hole. I was told her drug card "was not in the system." I went ahead and paid the full price because my mother needed the prescription, but what can I do now?.their coverage, losing all of the money they paid. … Continued

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