Despite the slowing of the CPI, earlier this year, Medicare actuaries estimated that the base Part B premium paid by most seniors will climb about 8%, from .90 per month to 9.10, starting next January..Gradually Raising the Payroll Tax Cap: The payroll tax cap has not kept pace with changing income patterns over the past few decades, so it makes sense to adjust the maximum taxable wages to realign them with the originally intended level. Gradually raising the cap to cover 90 percent of the nation's taxable earnings by 2050 would allow it to once again represent the same percentage of that figure that it did as recently as the early 1980s..Members of the Senate will return to Capitol Hill on September 6th, and Members of the House of Representatives will return on September 7th. TSCL would like to remind you to approach your Members of Congress at local events and request their support for a fair Social Security cost-of-living adjustment and other key issues..Investigate national and community charitable programs and organizations. An excellent guide to Prescription Drug Assistance Programs is available from The American Cancer Society. Even if you don't have cancer, the information is pertinent to all drug assistance programs. For more information call or download the publication..This week, The Senior Citizens League's Board of Trustees traveled to Capitol Hill to host a Welcome Reception and to meet with several lawmakers and their top aides. In addition, Members of the Senate overwhelmingly voted to confirm Marilyn Tavenner as the Administrator of the Centers for Medicare and Medicaid Services, and three key bills gained critical support..Medicare Advantage plans combine both parts of Medicare, and the health plans are required to cover everything that is covered under original Medicare. However, your provider may be reporting your doctor's orders to your Medicare Advantage plan in order to get prior authorization for your CT scan. Most Medicare Advantage plans routinely require prior authorization to manage your care and to prevent excess use of care that has not been documented as medically necessary. This practice protects you from surprise bills, and confirms that the provider is authorized to bill your Medicare Advantage plans for your care..TSCL is working to develop legislation that would ensure greater retirement security for older Americans by providing a modest boost in benefits. TSCL believes that a boost can be provided if Congress would raise the taxable maximum earnings that are subject to Social Security taxes - requiring all workers to pay their fair share..He noted that a vaccine's rarer side effects are often not recognized until it is put into broad use. To discover an adverse outcome that only occurs in one person in 100,000, for instance, a company would need to test it in 384,250 people from broad backgrounds and with a variety of medical conditions..Before 2020 came to an end, a new forecast from the Congressional Budget Office confirmed that Medicare's Part A Hospital Insurance trust fund is running out of money two years earlier than previously expected. The CBO's forecast indicates that there will be insufficient funds to cover all Part A benefits beginning in 2024 - less than 3 years from now.

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This week, one new cosponsor Rep. David Loebsack signed on to the Consumer Price Index for Elderly Consumers Act, bringing the cosponsor total up to twenty-two. If signed into law, H.R. 1030 would adopt the CPI-E for the purpose of calculating Social Security cost-of-living adjustments. Currently, COLAs are based upon the way young, urban workers spend their money a method that underestimates the spending inflation seniors experience. H.R. 1030 would address this issue, resulting in more fair and accurate COLAs for seniors..In a letter of support to Representative Roybal-Allard, Art Cooper Chairman of The Senior Citizens League's Board of Trustees wrote: "Our supporters nationwide question why the Medicare program has not yet been expanded to include coverage of essential hearing, vision, and dental services, which many employers provide during working years. As such, The Senior Citizens League lends its enthusiastic support to the Seniors Have Eyes, Ears, and Teeth Act, a bill that we believe would go a long way in ensuring the retirement security seniors have earned and deserve.".Medicare beneficiaries would still be on the hook for the ,000 that would need to be spent out-of-pocket before the catastrophic coverage even starts. For the average beneficiary, that could take one-third or more of one's entire Social Security income for the year. … Continued

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Medicare fraud, waste, and abuse costs about billion a year. What type of measures do you support to put a stop to this loss of Medicare finances?.Second, Concentrating on High-value Alzheimer's Needs to Get to an End Act of 2018 ​ gained one new cosponsor this week in Senator Chris Van Hollen. The cosponsor total is now up to four. If adopted, S. 2387 would direct the Centers for Medicare and Medicaid Services to create programs that would promote early identification of Alzheimer's disease, improve support for family caregivers, and provide continuous care for those battling many forms of dementia..This is one of the many retirement questions for which there is no straightforward answer. Many financial advisors recommend delaying the start of Social Security until you are at least your full retirement age or better yet, to wait until age 70. At your full retirement age, you would be eligible for 100% of the benefit to which you are entitled. However, for every year you delay until age 70, your Social Security benefit will grow 8%. Your benefit at age 70 would be 32 percent higher than you would get at 6That's a return that's very hard to find these days. … Continued

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