Medicare and other health insurance premiums, including Medigap supplements, Part D or Medicare Advantage plans, and long term care insurance, as long as an employer did not pay the premiums..According to the Senate Special Committee on Aging some drug companies share this common business model which is leading to huge price spikes:.The findings represent a significant one-year loss of 4 percentage points in buying power, with the loss increasing from 30% to 34% from January 2017 to January 201The loss occurred even though beneficiaries received a 2% annual cost-of-living adjustment for 201Housing and medical costs - particularly for home heating expenses and Medigap premiums - were among the most rapidly-rising costs over the past year. The study examines the growth, since 2000, in the price of goods and services that are typical for retired and disabled households, and compares that to the growth in Social Security benefits due to annual COLAs..On the other hand under Medicaid, net drug prices are heavily influenced by two rebates that are required by law. Manufacturers of brand name drugs must pay a rebate equal to 23.1% of the average price that manufacturers charge to pharmacies. In addition, for generics, manufacturers are required to pay a rebate of 13% of the average price they charge to pharmacies..Burwell was expected to cruise through the confirmation process after she received an overwhelming display of bipartisan support during two Senate hearings that were held in May. However, a group of lawmakers set out to stall her confirmation's movement in the weeks leading up to the vote by submitting several complex inquiries about her perception of the ACA. In addition, almost every minute of the allotted debate time was used to discuss the ACA's implementation thus far, while Burwell received almost no criticism at all during the thirty hours..–A majority of older voters think Social Security should be strengthened, but are opposed to cutting benefits, says a national survey by The Senior Citizens League. The new national survey found that older voters favor some changes that provide the program with more revenue, and provide retirees with modestly higher benefits in the future. According to TSCL's 2016 Senior Survey, 71 percent of older voters think Social Security should be expanded to provide modestly higher retirement benefits and more fair cost of living adjustments. An analysis for TSCL estimates that if COLAs were indexed using a "senior" consumer price index - the government's Consumer Price Index for the Elderly - Social Security recipients would receive a 1.3 percent increase instead of an estimated 0.2 percent COLA in 2017..Fix the flooring. What's underneath the worn-out carpeting? Homes that were built in the 60's often had hardwood floors that were covered by carpeting. But today, hardwood floors are hot with homebuyers who may otherwise run the other way at the sight of dirty out-dated carpet. Get rid of the old carpeting and refinish the hardwood floors. You may need to replace carpeting if plywood subflooring was used instead of hardwood. Unless the flooring in the kitchen and bathrooms is in mint condition, replacing it also tends to pays off..To help protect the buying power of benefits, TSCL supports legislation that would base COLAs on the Consumer Price Index for the Elderly..If you would like to continue receiving these press releases via email, please send your email address to [email protected]

Medicaid Event Medicaid Matters For Low Income Medicare Beneficiaries

In an ideal world, prior authorization is supposed to deter patients from receiving care that is not truly medically necessary, thus reducing costs for insurers and out-of-pocket costs of enrollees. But prior authorization is sometimes misused to create barriers to getting care, or to even deny medically necessary care. Regardless of how prior authorization is used, it creates extra administrative hassles for physicians when they have to file the documentation to obtain the authorization..As you have experienced, one of the biggest appeals of Medicare Advantage plans are low, or sometimes no, premiums. However, you would still have deductibles to satisfy and co-payments for most, if not every service. In addition, plans are allowed to charge you an out-of-pocket maximum up to ,700 in 2019, an amount that varies and tends to grow each year. Under Medigap, your premiums are higher and, depending on the policy, can increase annually. On the other hand, covered out-of-pocket costs are minimal to nothing. Medicare Advantage is more affordable when you are healthy, but can cost significantly more per year if you require a lot of healthcare services..Nonetheless, TSCL will keep a close eye on the bill's movement in the coming weeks, since it could have a significant impact on the Social Security and Medicare programs. For updates, visit the Legislative News section of our website. … Continued

Blog Dhs Releases Strategy To Combat Human Trafficking And Other Crimes

Among the documents released to TSCL was a statement by Secretary of State, Condoleezza Rice, that says, "Social Security actuaries have estimated that a Totalization Agreement with Mexico would have negligible long-range costs for the Social Security Trust FundsЕ Costs to the U.S. Social Security system are estimated to average about 0 million per year over the first five years.".Dining On A Social Security Budget.Top 10 Fastest Growing Costs of Older Americans Since 2000 … Continued

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