Blog Medicaid A Changing Federal State Partnershipyou have assets exceeding million, you should be able to pay for care.Inadequate COLAs have long-term consequences for both retiree finances and health. COLAs affect the amount of total lifetime Social Security income, and that in turn affects the rate of withdrawals from retirement accounts and savings, debt levels. Adequate income in retirement also determines whether individuals have the finances to pay for supplemental Medicare health premiums, out-of-pocket costs and prescription drugs..Grassroots lobbying is perhaps the most effective way to let YOUR Representative and Senators know your opinion. Whether you are calling into a local or Washington, D.C. office; sending a letter or e-mail; signing a petition, or making a personal visit, Members of Congress are the most receptive and open to suggestions from their constituents. … Continued
Blog Us Supreme Court 7When it comes to the big drug companies, they do not want limits on the costs of the drugs they manufacture. That is why they make so many campaign contributions..Our job is to represent you to Congress and keep you informed about what is happening. We rely on you to put pressure on your Senators and Representative when it comes to the legislation we need to have passed..Under current law the Social Security COLA is calculated based on the spending patterns of younger working adults using the Consumer Price Index for Urban Wage Earners and Clerical Workers. But older consumers spend a bigger portion of their household budgets on healthcare and housing, two categories that have been increasing more rapidly in recent years. "Medicare Part B premiums are the fastest growing cost most retirees will ever have," notes Johnson. "But those costs are not even surveyed under the CPI-W or reflected in today's COLA," she says. … Continued
