Blog Public Policy 7In making the 1977 changes, Congress, wanting to avoid an abrupt change, allowed persons born from 1917 through 1921 to use a special transitional benefit formula or the new 1977 formula, whichever would yield the higher of the two benefits. The transition benefit formula never delivered the promised benefit protection, however, because it did not yield a higher benefit amount. Instead, the new benefit formula most often yielded the higher amount..TSCL is working with Members of Congress to enact legislation that would lower Medicare costs, including the elimination of "surprise medical bills" from out-of-network providers, and is working to ensure that Medicare beneficiaries can continue to receive their Medicare benefits through the Medicare Advantage or Medigap plan of their choice..While the majority of workers pay Social Security on 100% of their earnings, people who earn the most, more than 8,500 a year, pay NOTHING on earnings over that amount. … Continued
Gary ClaxtonQuestions To Ask Your Member Of Congress At Your Next Town Hall.Start by reviewing materials that you receive from your current health plan for prospective changes in premiums, deductibles, co-pays and provider networks. If your income has changed in 2014, report changes to the healthcare exchange in your state or through before the Open Enrollment crunch begins. Watch your local news media for announcements of "healthcare navigator" programs in your area to help you compare plans and enroll. The programs may be offered through your local library, or other community service organizations..While the additional payroll tax went directly to the Part A Trust Fund, the 3.8% "Medicare" net investment tax was never transferred to Part A. It wound up going straight into the U.S. General Fund where it could be appropriated for any government spending. … Continued