This week, the House Budget Committee advanced a budget resolution that would reform the Medicare program, and the Senate Aging Committee met to discuss the trajectory of Alzheimer's disease. In addition, three key bills gained support in Congress..2009 Annual Medicare Trustees Report, May 12, 200"How Medicare Part B Premiums Would Be Affected If There Is No Social Security COLA," Kathleen Romig, Jim Hahn, Congressional Research Service, May 4, 2009 7-5700..The law, however, also shifts the entire beneficiary share of Part B premium costs to the remaining 30% of individuals who are not protected by the hold harmless provision. An estimated 16 million people will take a financial hit from spiking Part B premiums unless Congress takes action. They include:.Open enrollment for the exchanges begins October 1, 2013 for coverage starting January 1, 201To learn more, visit the new website. To get an idea about whether you qualify for a government subsidy visit the Kaiser Family Foundation's Subsidy Calculator..What is TSCL?.According to the Congressional Research Service, for an age 65 retiree with average wages, a maximum benefit disparity of 10% would have arisen between the highest benefit under the old rules and the lowest benefit under the new rules if the 1977 assumptions had materialized. Under the economic conditions that actually arose, the disparity was 25%-two and one half times greater..Like Senators Klobuchar, McCain, and Grassley, TSCL enthusiastically supports efforts by the administration to reduce prescription drug costs, and we hope to see the White House move forward on executive actions that would allow for prescription drug importation. In the meantime, we will continue to advocate on Capitol Hill for legislation like the Safe and Affordable Drugs from Canada Act and the Affordable and Safe Prescription Drug Importation Act, both of which would go a long way in reducing prescription drug costs for older Americans..For the past several years, Social Security's Disability Insurance program has been facing financing challenges. In the fall of 2015, lawmakers took action to prevent a 19% benefit cut that would have affected 10 million disabled enrollees and dependents, extending the program's solvency past 201However, more work remains before the program can be considered financially stable. In September, lawmakers on the House Ways and Means Social Security Subcommittee took the first steps toward improving the program's solvency when they held a hearing to discuss its future..Annual Open Enrollment Period: The annual Medicare Open Enrollment period runs from October 15, through December 7, 201During this period you can compare and switch Part D stand alone drug plans and Medicare Advantage plans.

A Look At Recent Proposals To Control Drug Spending By Medicare And Its Beneficiaries

If your brother was a victim of auto dealer fraud, you may want to look for an attorney who would be willing to work on a contingency basis. If fraud is proven, your brother may be allowed to surrender the unwanted vehicle and the court may order a refund of all payments made toward purchase in addition to canceling any outstanding loan balances. If your brother will have trouble affording an attorney, contact your local Area Agency on Aging or senior services department and ask about legal aid services in your area..For more information about your retirement age, and to use retirement calculator tools visit..The problem is that most retired individuals don't have 0,000 to set aside just for healthcare. According to the Employees Benefit Research Institute, the average person in their 60s who has contributed to a 401 for more than 30 years only has about 5,000 for all retirement expenses. But that's just counting the people who do have retirement accounts - and millions do not. According to the U.S. Government Accountability Office, 60% of all U.S. households have no retirement savings at all. … Continued

Thrive Coronavirus Isolation 10 Lessons To Help Kids Cope

"Like health care legislation to repeal and replace Obamacare, Social Security and Medicare reform proposals could become the center of a nasty political tug-of-war," Johnson says. TSCL works to protect retirement security and to promote better adequacy of both Social Security and Medicare benefits. To learn more, visit..A new report from the non-partisan Congressional Budget Office says that new payroll taxes would boost Social Security and Medicare's financial condition in the short term. But in the long term, federal spending would increase significantly as those affected by immigration policy changes become eligible for Social Security and Medicare..TSCL's annual Senior Surveys indicate that roughly 56% of retiree households pay tax on a portion of their Social Security benefits. About the same number support reducing the taxation of Social Security benefits by lifting the threshold for taxation of Social Security benefits from ,000 to ,000 for single filers and from ,000 to 0,000 for joint filers. … Continued

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