Helping Your Overweight PetIn 2019, there are a total of ten different Medigap plans, "A" through "N." Congress closed Plans "F" and "C" because they cover the Medicare Part B deductible. The thinking is that deductibles prevent "over utilization" of Medicare benefits. The Part B deductible is 5.50 this year and it rises at the same pace as the Part B premium. According to research by Johnson, Part B premiums have increased about 10 percent per year since 2000, making it one of the fastest growing costs in retirement. "Requiring retirees to pay deductibles, or higher deductibles, has the biggest financial and health impact on middle-income Medicare beneficiaries with modest means," says Johnson. "Many put off medically necessary care if they can't afford the deductible, and their health can get worse when they do," she says..In one of our recent updates we said we hadn't heard anything new about the 0 drug discount card for seniors that President Trump had announced in September. The program ran into obstacles because of a number of issues, including how it was to be paid for and the fact that it could violate federal election laws as an attempt to buy votes using taxpayer money..The problem of how our government calculates price inflation affects more than just Social Security benefits. The consumer price index is also used to adjust many federal programs and other aspects of our laws such as the federal poverty limits and the federal tax code. By growing more slowly, fewer people qualify for safety net programs, or the federal tax code exemptions become less generous over time, and taxpayers pay more in taxes. … Continued
Education Network 2015 Lesn Recognition Award635839607This week, The Senior Citizens League announced its support for the Seniors Have Eyes, Ears, and Teeth Act, which was recently introduced by Representative Lucille Roybal-Allard with the support of seventy-eight original House cosponsors..Extending The Payroll Tax Cuts: Employees' Social Security payroll taxes were reduced by 2 to 4.2 percent in December. Because it makes the Social Security trust funds reliant on general revenues, it would jeopardize the Administration's ability to fully pay Social Security benefits now, especially as we approach the August 2nd debt limit..President Trump's budget includes billion in cuts from the Social Security Disability Insurance program over the next 10 years despite the President's repeated campaign promises that he would not touch Social Security benefits. Trump's budget Director Mick Mulvaney justified the cuts, arguing that SSDI was not technically part of "mainline" Social Security, and therefore the President was not breaking a campaign promise. Said Mulvaney, "If you ask 999 people out of a thousand, they'd tell you Social Security disability is not part of Social Security." … Continued