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Most seniors are aware of the impact of the consumer price index on COLAs. But switching to the more slowly growing "chained" CPI, if applied government-wide, would be far more reaching than Social Security cuts alone. In every aspect where applied, seniors would receive less in benefits and pay more in higher taxes. The following chart illustrates:.Also, we should be wearing masks outdoors as well as indoors at this time. While being indoors with others is far riskier, being outdoors is not risk free if you are with others you don't live with..policies) say that if you have a net worth below 0,000 to 0,000 (not.For information about town hall meetings near you during the summer congressional recess, call the local offices of your elected officials. For Congressional contact information, visit our website at..Rick Delaney, Chairman of the Board, TSCL.Transportation or mileage to the doctor for yourself OR to transport others. Medical mileage was 0.19 per mile in 2016..What executive actions did the President announce?.However, TSCL is opposed to two provisions that lawmakers included in the package to offset its 0 billion cost. One of those provisions will increase monthly premiums for beneficiaries with higher incomes, and the other will create a new 0 deductible for those enrolled in supplemental Medigap plans. Both of them will require seniors to pay more out-of-pocket for their healthcare..On Monday, the CBO released its highly anticipated analysis of the BCRA health reform legislation released late last week by Republican leaders in the Senate. The report shows that if signed into law, the bill would leave 22 million more individuals uninsured than current law, and it would hit older, poorer people the hardest especially those between the ages of fifty and sixty-four with less than ,200 in annual income. Those individuals would see health insurance premium increases of 200 percent or more under the BCRA.

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serious or whether it's just a "natural part of growing older," which in any.And it could be worse if inflation is lower and Medicare Part B premiums are higher. Due to a special provision of law known as the Social Security hold harmless provision, when the dollar amount of the Medicare Part B premium increase is greater than the dollar amount of an individual's COLA, the Medicare Part B premium is adjusted to prevent a reduction in Social Security benefits from December of the previous year. Those affected by hold harmless wind up with no growth in their net Social Security benefit after the deduction for Part B premiums. That leaves nothing extra left over to deal with other rising costs such as housing and drug costs..The fraudsters enlist unscrupulous doctors to approve the test and the doctor receives a kick back from the recruiting company for each prescription. Medicare receives a bill that can range from ,000 to ,000. Victims have later reported that they did not even know the doctor who prescribed the test. Law officials warn that health fairs, senior centers and even church events are magnets for the scam, where recruiters take cheek swabs for genetic testing and collect Medicare numbers. … Continued

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In addition, the legislation froze the income thresholds at which the higher premiums are triggered so more seniors will have to pay the higher premiums as incomes gradually grow over time. TSCL's Legislative Assistant, Mike Watson, estimates that "individual seniors who made between ,000 and ,000 in 2010 could be subjected to the 'means test' in 2019, because of the frozen income thresholds. In addition, if the income thresholds for the 'means test' were allowed to increase, they would rise to about 0,500 to 1,800 in 2019.".Premium subsidies are actually advance federal tax credits and available only for people buying their own insurance on the insurance exchanges. You qualify if your income is less than ,960 for individuals or ,040 for a family of two. Your "modified adjusted gross income" will be used to determine your income. That includes your household's adjusted gross income plus any tax-exempt Social Security, interest and foreign income you have. When you apply, the government will access your most recent tax return to confirm the income data that you report..A sixty-four billion dollar budget cut does nothing to prevent fraud to begin with, especially when investigators and stronger oversight through the judicial system during the determination process are critically needed. TSCL believes that funding should be appropriated for the Cooperative Disability Investigations Program. The CDI program continues to be one of the Social Security Administration's most successful initiatives to prevent fraud, returning an estimated for every spent in fighting fraud. … Continued