Why did Dad get a bill for ,944 after his recent hospitalization due to COVID-19? I thought emergency legislation required coronavirus care to be covered by Medicare. Dad is enrolled in a large Medicare Advantage plan..By Rick Delaney, Chairman of the Board.A provision of a recently enacted government spending bill restricts Part B premium increases in 202The bill caps the Part B premium increase for next year at the 2020 amount plus 25% of the difference between the 2020 amount and a preliminary amount for 202The preliminary amount would be calculated the same way that it would have been without the bill but would prevent dramatic increases that may have occurred as a result of Medicare Part B premiums growing when the COLA is so low..Two Bills Gain Support.The President's order halts the collection of Payroll taxes from Sept. 1 through the end of the year. In addition, he instructed the Treasury Department to look into how the government can forgive the deferred tax payment permanently because as things stand right now the taxes must be repaid after the first of the year..EconomicCheckUp® is free and developed by the trusted nonprofit National Council on Aging. The tool asks a series of questions to identify benefits and services that could help you cut expenses and better utilize your existing assets. Give it a test run here: EconomicCheckUp®..Medicare is trying to nudge people towards using less expensive older drugs, as this story describes. Most of us jump at the chance to lower our drug costs whenever we can, but sometimes the alternative may not work as well. If this happens to you, I strongly suggest that you take the letter from Medicare and show it to your doctor. I'm willing to bet your doctor won't be pleased to see Medicare "prescribing" other drugs for his or her patients..In the House, Representative Kevin McCarthy will take over the top post House Minority Leader for Republicans next year. Representative Steve Scalise will become the Minority Whip, and Representative Liz Cheney will hold the position of House Republican Conference Chairwoman. House Democrats, who will take over the majority in the House next year, will hold their leadership elections on November 28th, following the Thanksgiving recess..home care after a certain length of time in the hospital.

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The panel discussed the following options for strengthening Social Security, among others: updating the benefit formula for low-income workers, modifying the annual cost-of-living adjustment to make it more accurate, increasing survivors' benefits, and creating caregiver credits for those who support aging parents. However, the focus of Wednesday's hearing seemed to be on addressing the insolvency of the Social Security Disability Insurance program..Accelerate retirement account distributions when you have excess deductions. If your standard deduction will exceed your taxable income this year, consider withdrawing a little more retirement funds if you will need them this year. Doing so when you have a low or even a zero tax rate will potentially help you avoid paying more in the future when your deductions are lower or taxes rates are higher.."The drug is essential," Heyman testified. "People can die without it… The drug company deserves the right to make a profit. But it is unconscionable that one company, Valeant, can hold Wilson Disease patients hostage," she said in her testimony. … Continued

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There are apparently also political and ideological reasons for the reluctance at this point to get the vaccine when one becomes available. According to one survey, attitudes were split along party lines..I turn 66 this year and my wife is 6Neither one of us has started Social Security. We receive health insurance through my employer. Do we need to sign up for Medicare yet?.Addressing prescription drug prices is also one of my top priorities as Chairman of the House Committee on Oversight and Reform. The Committee launched a comprehensive investigation of the prescription drug industry's pricing practices in January of this year, focusing on the drugs that are the costliest to Medicare. In January I convened the Committee's first hearing of the 116th Congress on this topic, inviting AARP's National Volunteer President to testify about the challenges seniors face in affording their drugs. … Continued

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