While the legislation made some changes to Social Security and did not cut benefits of any current retirees, it did end a complicated benefit claiming strategy known as "file and suspend" for people very close to retirement. Although the legislation closes an unintended "loophole," the strategy was one of the few means married couples had to maximize their payouts. A similar provision was contained in Obama's 2015 fiscal year budget and was estimated to cut Social Security costs by as much as .5 billion annually..The Supreme Court recently upheld the Affordable Care Act. While most people understood that the Supreme Court considered the constitutionality of the "individual mandate," many seniors may not have thought much about how the court's decision would affect Medicare. The decision maintains both new senior benefits and 0 billion in Medicare spending cuts over the next eight years. Here's a list of major provisions that affect seniors:.Without changes to the current law, disabled beneficiaries face cuts of about 20%[i] by 201"The Senior Citizens League is calling on Congress to put forth its plan to ensure that the disability program can continue to pay promised," states TSCL Chairman Ed Cates..Doctors, hospitals, and other providers would also be affected payments would be reduced to nursing homes, teaching hospitals, and other facilities, and doctors would no longer be paid according to the fee schedule laid out in the flawed sustainable growth rate formula. While some of these changes including the repeal of the SGR would be welcomed by TSCL, we do have serious concerns about the increased cost-sharing that many beneficiaries would see under the plan..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..Out-of-pocket costs for deductibles, co-pays and co-insurance..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..After weeks of debate by the House-Senate Conference Committee, President Obama signed the payroll tax holiday and temporary "doc fix" into law this week. Other action on Capitol Hill remained slow this week, as both Houses of Congress have adjourned for the Presidents Day Recess..The people who are not covered by hold harmless include higher income beneficiaries, beneficiaries who have not started Social Security yet and who pay for Medicare by check, and about 19% of beneficiaries whose incomes are so low that their state Medicaid program pays their Medicare Part B premiums on their behalf.

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In 1977 Congress changed the formula for computing Social Security benefit amounts - a change that led to seniors who were born 1917 through 1926.What Is The ‘Notch'? The term “Notch” refers to the disparity in Social Security benefits paid to people born from 1917 through 1926 and those paid to people born before and after them with similar work/earnings records. Many of those born during the Notch period feel they have not been treated fairly and are not receiving the benefits that.Frequently Asked Questions About TSCL The Social Security Notch Issue What is TSCL?.Medicare Advantage plans merit a serious look, but you need to understand the pros and cons to determine the best fit for your budget without sacrificing insurance protection. The costly trade - offs to lower Medicare Advantage premiums often don't start showing up until you get sicker or need hospitalization. Some key considerations:.Second, the end of the 2020 fiscal year is drawing ever nearer, and Congress needs to pass legislation to fund the government for fiscal year 2021, which begins on September And finally, the end of July and beginning of August, the month that Congress traditionally is in recess. … Continued

Report Section Coverage For Abortion Services In Medicaid Marketplace Plans And Private Plans Issue Brief

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..Republicans as a whole did not object to the renaming provision and they agreed with Democrats that the NDAA was not the place for the social media provision that Trump wants. As a result, both houses of Congress passed the NDAA last week with majorities that are large enough to override Trump's threatened veto.."Night in America" spotlights the plight millions of seniors are enduring as living costs rise, Social Security payments shrink, and medical costs skyrocket. Night in America is a play on Ronald Reagan's 1984 campaign theme, "Morning in America." … Continued

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