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House Speaker Nancy Pelosi said last week that she is pushing to attach drug price cutting legislation to the major budget bill carrying most of President Biden's trillion economic agenda in the coming months..A second strategy that was changed permitted married couples who reached full retirement age to file a "restricted application" which allowed individuals to collect only a spousal benefit, while their own benefits continued to increase. Unlike file and suspend, this change applies to people younger than age 62 by the end of 2015, so you still can take advantage of some planning to maximize what you get..Even if you aren't ready to sell your home, but just doing some planning for the future, homes maintain their highest value with careful regular maintenance and de-cluttering. It's not too early to start thinking ahead. To learn more, see: Selling Your House, Nolo's Essential Guide, by Iiona Bray, J.D..House Majority Leader Steny Hoyer laid out the priorities for the Democratic majority in the House of Representatives this year. The good news is that more health care legislation is on the list..In 2015, the monthly Medicare Part B premium for people with incomes less than ,000 was 4.90. When the Social Security Administration announced that there would be no COLA in 2016, Barbara - like 70 percent of all other Social Security recipients - was protected from reductions in her Social Security benefits by a provision of law known as "hold harmless." Barbara's Medicare Part B premium stayed the same, at 4.90, even though Medicare Part B premiums that year rose to 1.80 for people like new enrollees who were not protected by hold harmless..This includes, among other things, legislation to strengthen the long-term viability of both Social Security and Medicare; lowering the costs of prescription drugs; enacting a fair COLA that takes into account the actual cost of living increases seniors face; Social Security Notch Reform; stopping any cuts to Social Security, Medicare or Medicaid, or to the COLA that may be proposed; enacting legislation to provide for dental, vision and hearing coverage for seniors..Physicians have another medication at their disposal for treating diabetes after the Food and Drug Administration has now approved a new long-acting insulin product derived from the established drug Lantus..The period covered by the Notch is a major area of dispute. When benefits are represented on a chart, the disparity forms a deep "V" notch. Benefits plunged from a peak for retirees born in 1916 and hit the lowest part of the "V" for those who were born in the years 1920-2Benefits began to rise for those born in 1922 until they became level with other retirees, starting with those born in 192See illustration below..Coronavirus vaccine by this winter? Maybe, but do not get your hopes up too far.

Blog Supreme Court Strikes Down Californias Ban On Indoor Religious Services
TSCL continues to support efforts to lower prescription drug prices and we will be watching this very carefully as things develop in the next few weeks..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..Social Security benefits are one of the few types of retirement income to be automatically adjusted annually for inflation. In 2020, more than 61 million Social Security recipients received a 1.6 percent annual COLA, which raised the average ,460 benefit by .40 per month. … Continued

Chalk Art With A Powerful Message
Members of the House and Senate spent the week in their home states and districts, and will return to Capitol Hill on Monday, February 27th..The program was designed to address the needs of low–income seniors, who receive both Medicare and Medicaid. The group includes the oldest, sickest and poorest of seniors, including many Notch Babies, who tend to have multiple health problems, including the need for long term care. Although they make up only 15 percent of all Medicaid beneficiaries, they account for almost 40 percent of Medicaid expenditures, according to the Kaiser Commission on Medicaid and the Uninsured.."One of the most difficult tasks facing Congress is overcoming a huge public credibility gap," warns TSCL Chairman Ed Cates. The public overwhelmingly views Social Security as one combined Trust Fund, which provides retirement, survivors and disability benefits. "In reality there are two - one for retirement and survivors benefits and one for disability benefits - and they operate separately," Cates notes. … Continued

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