TSCL agrees, and we fear that if triggered, the IPAB's recommendations could lead to higher costs for seniors or decreased access to quality medical care. We are enthusiastic supporters of Rep. Roe's bill, and we were pleased to see it win passage in the House this week..For progress updates or for more information about these and other bills that would strengthen Social Security and Medicare programs, visit the Bill Tracking section of our website or follow TSCL on Twitter..This week, action on Capitol Hill slowed down as the House of Representatives adjourned for a holiday recess, and the Senate focused on legislation to reauthorize programs within the FDA. Meanwhile, TSCL expressed support for a new House resolution, introduced by Rep. Scott Rigell..TSCL surveys have found that there is no public support for benefit cuts. On the other hand, 79% support eliminating the taxable maximum cap on earnings so that the highest paid workers pay Social Security taxes on all of their income, not just part of it as they do today..The Centers for Medicare and Medicaid Services recently announced that the standard Medicare Part B premium will be 8.50 in 2021, an increase of .90 per month from 4.60 in 2020. That increase, which I earlier feared would be considerably more, was restricted by legislation enacted last fall. But even with legislation.TSCL Plays Role in Preventing Part B Premium Spike in 2021 The annual Social Security cost of living adjustment is just 1.3% this year, making it one of the lowest ever paid. But the standard monthly Medicare Part B premium increased by a modest .90, from 4.60 to 8.50, much less than TSCL initially feared it would be. TSCL's efforts to inform Congress and the.New Legislation Limits Stiff Increase Expected for 2021 Medicare Part B Premium With Medicare outlays spiraling due to outlays for COVID-19, Congress recently passed legislation to head off an expected Part B premium spike, by restricting the increase for 202TSCL has been warning about the potential of a low cost of living adjustment and spiking Medicare premiums since July of this year..This week, TSCL announced its support for new legislation from Congressman Walter Jones that would create a Social Security guarantee for all eligible recipients. The Social Security Guarantee Act, if adopted, would guarantee by law the right of individuals to receive Social Security benefits in full and with accurate annual cost-of-living adjustments..The blueprint also lays out some modifications to the Social Security program. It would close the Disability Insurance trust fund's shortfall by transferring funds from the Old Age and Survivor's Insurance trust fund over a period of five years. TSCL's members and supporters overwhelmingly oppose the transfer of funds from one trust fund to another since it would put the OASI trust fund on worse financial footing. However, we were pleased to see that President Obama did not include the adoption of the "chained" CPI in his budget blueprint as he did two years ago..This week, action on Capitol Hill was slow as Members of Congress remained in their home states and districts to prepare for the upcoming election. Lawmakers are expected to return to Capitol Hill on Tuesday, November 13th, to begin the lame-duck session..Lawmakers on both sides of the aisle at Wednesday's hearing expressed their strong interest in addressing the growing DI backlog. In his opening statement, Subcommittee Chairman Sam Johnson said: "Today, over one million people are waiting for a hearing with a Social Security Administrative Law Judge, and on average these folks will wait around 600 days to get that hearing. That's nearly two years!" He continued, saying: "While not all of them will qualify for DI benefits, all of these people deserve an answer in a timely fashion. And for those who don't qualify for benefits, these long wait times make getting back to work even harder."

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Omnibus Work Continues in Congress.The Tax Cuts and Jobs Act is expected to appear on the House floor for a vote by November 16th the day before lawmakers adjourn for an eleven-day holiday recess. In the meantime, Republicans in the Senate are working on their own version that would likely keep the medical expense deduction intact. At the time of writing this week's update, the text of the bill had not yet been released, but a conceptual draft from the Senate Finance Committee is expected before Friday, November 10th..Apply for Medicare "Extra Help": Medicare Extra Help is a program that helps to pay for Part D premiums, annual deductibles, and co-payments for your medications. You apply online using the Social Security Administration website. For more information see this pdf from the Social Security Administration. … Continued

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In the months before the deal was reached, two Congressional Committees called upon organizations, advocates and other stakeholders to offer their ideas for strengthening the program's finances. TSCL submitted a set of recommendations in August, and then in September, we met with key aides on the House Ways and Means Social Security Subcommittee to discuss our proposal in detail..When you are a hospital inpatient, Medicare Part A covers inpatient services. Generally that means you will pay a one-time deductible for all of your hospital services for the first 60 days, although costs may be somewhat different if you're enrolled in a Medicare Advantage plan. In addition, Medicare will only cover the care you receive in a skilled nursing facility if you had a "qualifying hospital stay." To qualify, you must be a hospital inpatient for at least 3 days in a row, and Medicare doesn't count the day of your discharge..To learn more about your benefits and retirement, sign-up for TSCL's free online newsletter, The Social Security & Medicare Advisor. … Continued

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