In 2006, Johnson first forecast that the hold-harmless provision - which at the time was virtually unknown by the public - would begin to be triggered more often by the year 2012, due to rapid growth in Medicare Part B premiums and weak growth in COLAs. Indeed that provision was first triggered on a nation-wide basis in 2010, and triggered again in 2011, when inflation was too low for a COLA to be payable, and the Medicare Part B premium subsequently soared..TSCL enthusiastically supports H.R. 1030, H.R. 1795, and H.R. 1179, and we were pleased to see support grow for each one this week..Several provisions within the H-CARE act include; increasing payments to Rural Health Clinics, authorizing to million annually for grants to rural providers to help with the cost of implementing health information technology, requiring prompt payment to rural pharmacies by Medicare prescription drug plans and ensuring that rural Americans are appropriately represented on the Medicare Payment Advisory Commission..There's no doubt Democratic lawmakers would like to do these things because they campaigned on them last year and this would be the last chance to pass them this year. Because next year is an election year it is very unlikely any significant progress would be made then..Then, when I try to figure out why nothing got done today I'm really baffled because I know I was busy all day, and I'm really tired..TSCL enthusiastically supports these measures since they would go a long way in increasing access to more affordable prescription drugs for Medicare Part D beneficiaries. However, President Obama's budget request does include one reform to the Medicare program that TSCL opposes. It would increase means testing by requiring middle-class Medicare beneficiaries to pay higher Part B and Part D premiums. TSCL believes means testing within the program has gone far enough with recent increases under the Affordable Care Act, and we know that middle-class seniors simply cannot afford to pay higher out-of-pocket Medicare costs..Then last week the Centers for Medicare and Medicaid Services announced it will make sure that a COVID-19 vaccine will be made available to all seniors at no cost once a vaccine is approved..Perhaps the greatest difference between the Republican and Democrats in Congress when it comes to legislation to lower prescription drug prices is whether the federal government should impose some kind of price control or regulation..Deductibles: This is the amount you pay out of pocket before your insurance coverage kicks in. Most people get CT scans as outpatients under Medicare Part B, which has a deductible of 3 in 2021, meaning you might be responsible for that amount. If your scan is part of a hospital stay as an inpatient, it would bill under Part A which has a deductible of ,48Because you are enrolled in a Medicare Advantage plan, your deductible amounts can vary from the standard Medicare amount. It's a good idea to call your health plan before getting any services, to get an idea about the cost. For people covered by a Medigap supplement, it will cover the Part A deductibles but, as of January 2020, insurers are no longer allowed to sell plans that cover the Part B deductible, Plans C and Plan F to new enrollees.

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In the coming weeks and months, TSCL will continue to advocate against this balanced budget amendment to the constitution, and we will ask lawmakers to protect the earned benefits of older Americans by supporting legislation like H.R. 5466 from Congressman Ted Deutch. For more information or updates from Capitol Hill, visit our website..The health premium subsidy will be paid on your behalf directly to your selected insurance plan, and you will get tax credits that reduce the total amount of tax you owe to the IRS. This can mean a bigger refund if you don't owe. The credit begins with insurance that starts January 1, 2014 or later..Lower than expected payroll tax revenues. Payroll taxes account for roughly 89% of Social Security's financing. But in 2020, businesses nationwide temporarily shuttered due to emergency stay at home orders. In addition, widespread layoffs, reductions in work hours, and job losses resulted in the collection of fewer payroll tax revenues. Emergency legislation that was passed last year allowed employers to even temporarily defer payment of Social Security payroll taxes until December of 2022 to help companies shore up cash flow and stay in business. While the job market is getting back on its feet again in 2021, unemployment is still higher than it was prior to the pandemic, and payroll tax revenue has not yet returned to pre-pandemic levels. … Continued

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Statement of Martin H. Gerry, Social Security Administration, Before Subcommittee on Social Security of the House Committee on Ways and Means, March 2, 200Individuals Who Are Not Authorized To Work In The United States Were Paid .2 Billion In Refundable Credits, Treasury Inspector General For Tax Administration, July 7, 2011, 2011-41-06"Social Security Benefits For Noncitizens," Congressional Research Service, July 20, 2006, RL32004...This year, for the first time since the early 80's, the Social Security Trust Fund that pays retirement and survivors benefits fell into deficit and is paying out more than it receives in payroll taxes and taxes on Social Security benefits. In years in which there was an excess of Social Security taxes, the federal government used the surplus revenues for other purposes and then credited the Trust Fund with special non-marketable government bonds representing IOUs. But with the recession and prolonged economic recovery, the taxes that fund Social Security plunged. At the same time, enrollment is soaring as seniors who have lost their jobs turn to Social Security early. When the Trust Funds don't receive enough tax revenues, then the government must find the cash to redeem the IOUs to pay benefits. The only options Congress has is unsustainable levels of borrowing, tax increases, or cutting benefits. … Continued

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