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When Medicare solvency is under discussion, the focus is often placed on the Medicare Part A Trust Fund, which is primarily financed by payroll taxes. The last time Medicare Part A Trust Fund was forecast to become insolvent was in 200That year, the Medicare Trust Fund was forecast to become insolvent by 201In 2010, Congress enacted the Affordable Care Act which changed Medicare revenues in two ways. It added an additional payroll tax of 0.9% to the 1.45% of Medicare taxes paid by high earning individuals with wages over 0,000. A second provision affecting individuals with this level of income, imposed a new 3.8% tax on a portion of net investment income. Estates and trusts can also be subject to this tax..Apply for pharmacy assistance programs from your drug manufacturer. Medicare maintains a list of pharmacy assistance programs by drug name. Click here to learn if there is a program for your drug..Patients would have to sign a consent form acknowledging they've been given written notice with the information and informed that the charges may not accrue toward any plan limitations..To try to kill the novel coronavirus, some Americans are unsafely using disinfectants and cleaners, including washing food with bleach, using the products on bare skin, and inhaling and ingesting them, federal health officials reported Friday..How To Increase Medical Tax Deductions for Older Taxpayers.Unlike many other organizations TSCL accepts no government funding -- this leaves us free to truly represent the interests of supporters like you..There's not much time to head off this situation. We can't let Congress think they can shrug and look the other way again this time. A 2.5% COLA is the amount that the Congressional Budget Office estimated beneficiaries would get in 2021, and those funds are already factored into the Social Security spending projections for 2021..When you claim benefits before reaching full retirement age, benefits are reduced by as much as 30%. But only one - in - three people even know their full retirement age - the age at which you can claim full, unreduced benefits. It's not surprising that most people claim benefits at 62, even though benefits are reduced. Eligibility to begin benefits at age 62 is the one piece of information about Social Security that most people know..Physicians have another medication at their disposal for treating diabetes after the Food and Drug Administration has now approved a new long-acting insulin product derived from the established drug Lantus.

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Lowering drug prices is a singular area where bipartisan legislation could make it into law this year. On Monday, Senator Jeanne Shaheen in introduced legislation that would cut the cost of insulin by 75% compared with the level expected in 2020. The proposal would create a new pricing model that limits the use of rebates for Medicare Part D and the private insurance market, Sens. Tom Carper, Susan Collins and Kevin Cramer have already signed on as co-sponsors to the legislation.."Protecting the integrity of the Social Security program for current and future retirees is critical to our members and supporters," Hyland said. "As such, TSCL salutes you for introducing an amendment to S. 744 that would prohibit unauthorized workers from receiving Social Security benefits based on work completed illegally, with stolen or fraudulent Social Security numbers… we believe your amendment would improve the program's long-term solvency and prevent an unspecified and unnecessary strain on the Trust Fund.".plans with similar coverage caps or the maximum amount that the plans will pay. … Continued

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Walden tried to include in previous coronavirus legislation an agreement he and Pallone struck with Sen. Lamar Alexander late in 2019 designed to end "balance billing" practices and cap some out-of-network charges insured patients faced when seeking emergency room care. Senate leaders decided against including this provision in any of the three bills that cleared Congress, according to reports..In the months ahead, The Senior Citizens League will continue to advocate for these and other policy solutions that would boost and strengthen Social Security benefits for current and future beneficiaries. For progress updates, follow The Senior Citizens League on Twitter..We must provide the basic benefits that our seniors count on, regardless of the ups and downs of the economy. In addition to my legislative proposal, I co-sponsored Congressman Earl Pomeroy's Seniors Protection Act, which would have provided a 0 payment to help beneficiaries cover rising costs of Medicare, prescription drugs, and other necessaries. Unfortunately, despite the President already budgeting for it, the House of Representatives did not enact this one-time payment to seniors, veterans, and people with disabilities who receive Social Security to help them make ends meet during this tough time. This payment would have assisted those 54 million vulnerable individuals nationwide. However, this would have been just a short - term solution to the lack of COLA. I will continue to fight to make sure that Congress passes a long-term solution to the manner in which the COLA is calculated. … Continued