Two of the most popular Medigap plans, "F" and "C," will no longer be offered for sale in 2020. "While individuals enrolled in these plans may keep their plans, we are concerned that premiums for these plans could rise significantly without younger and healthier new enrollees to spread the costs in those plans," Johnson says..investment portfolio knows your age and your upcoming income needs. You may.We look forward to working with Sen. Casey and Rep. Cartwright in the coming months to help build support for this important bill. In addition, we urge our members and supporters to contact their elected officials to request their support for it. For contact information, CLICK HERE..Does your anesthesiologist have your correct Medicare number and your health plan or supplement information? Patients often meet the anesthesiologist just minutes before surgery, but it's better to learn ahead of time whether the anesthesiologist who will provide your care accepts Medicare and is in your plan's network. Hopefully your anesthesiologist has the paperwork correct, but before they knock you out the next time, make sure..Because the Democratic majority in the House is so slim, lawmakers are approaching legislation with an eye on the elections next year. Democrats, especially those facing tough reelection fights in swing districts, will face enormous pressure from the powerful drug lobby to oppose the bill.."The Earnings Suspense File isn't getting enough attention from Congress," says TSCL Chairman, Ed Cates. "Wages are an important indicator of the extra costs associated with immigration reform," Cates notes. Wage records are used to determine both the number of quarters worked to qualify for Social Security, and to calculate the initial benefit. The wages represented by the Earnings Suspense File would potentially form a portion of Social Security benefits for undocumented workers who later gain legal status..In 2017, the Social Security retirement and disability trust funds are due to receive an estimated billion in "interest payments" on those I.O.U.s. Because that money is not real cash, it must be borrowed, setting up a fractious debate in Congress - between those who say that benefits must be cut to make the program more sustainable, and others who say that Social Security payroll taxes are not equitable because the highest paid workers are not paying their fair share of taxes..There are special rules that allow you to delay sign up for Medicare Part B when you receive healthcare benefits through work. You need to satisfy these three requirements:.Burwell Nomination Advances

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But when you work, there's a limit to how much you can earn and still keep your benefits. When you are under full retirement age, your Social Security benefit will be reduced for every you are over the earnings limit..adequate income, especially if you live to your 80's or 90's..With Medicare and other insurers scrambling to control costs, "observation stays" in the hospital have become a loophole that could leave you footing the bill for thousands in uncovered costs. Your hospital status - whether you are an inpatient or an outpatient - makes a huge difference in how much you will have to pay for hospital services like X-rays, drugs and lab tests. But figuring out whether you are an inpatient or outpatient, believe it or not, isn't always clear. … Continued

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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..However, concern is growing that the Medicare Part B premium increase, which the Social Security Administration deducts directly from Social Security benefits, could consume a substantial amount of any COLA increase next year. Legislation enacted by Congress last year restricted the 2021 Medicare Part B premium from increasing more than .90 per month due to the very low COLA increase of just 1.3 percent, a result of extremely low inflation due to the COVID-19 recession. The basic Part B premium is 8.50 per month in 202"With a high COLA increase in 2022, Part B premiums might make a catch-up jump, especially as people make up visits to get healthcare services that were postponed due to the pandemic," Johnson says..Most people don't realize how much money they give up by claiming benefits at age 6For example, consider a woman entitled to a monthly benefit of ,500 at her full retirement age of 6Assuming she lives to age 95 and receives cost-of-living adjustments of about 2.3%, she would receive 8,665 over the course of her retirement. Her final monthly benefit payment would be ,827. … Continued

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