According to a report from the Senate Special Committee on Aging released this year, older Americans lose approximately billion each year to financial scams and abuse. It's appalling. It's offensive. It's unacceptable. And I'm working to do something about it..But in 2020 COVID-19 dramatically proved Flo wrong. It took the pandemic to demonstrate what our nation can achieve when our government gets into the medicine cabinet and "partners" with drug manufacturers. We witnessed the record setting development and production of not just of one, but multiple, life-saving new vaccines from several pharmaceutical manufacturers..or the amount Medicare pays for the service. Do this before I have to nag you,.Senate Appropriators Approve Funding Bill.Fifty-six percent of all Social Security households pay taxes on their benefits. Many of them have very modest middle incomes and didn't adequately understand or plan for these taxes, which take about 6% on average of Social Security income..The problem is that most retired individuals don't have 0,000 to set aside just for healthcare. According to the Employees Benefit Research Institute, the average person in their 60s who has contributed to a 401 for more than 30 years only has about 5,000 for all retirement expenses. But that's just counting the people who do have retirement accounts - and millions do not. According to the U.S. Government Accountability Office, 60% of all U.S. households have no retirement savings at all..The bill would also repeal the medical expense deduction, which is essential for older Americans who disproportionately experience high medical costs for prescription drugs, medical equipment, or services like nursing home care. Around 5 million taxpayers over the age of sixty-five rely upon the tax deduction when their out-of-pocket medical costs total more than 10 percent of their annual income. Its elimination would be a major loss for older Americans who are living on fixed incomes and are facing catastrophic medical costs..For the past two years, nearly 160 million Americans have enjoyed a two percent Social Security payroll tax holiday, which has resulted in approximately 0 in annual tax relief in the form of higher paychecks for the average worker. The measure was passed in 2010 in an effort to stimulate the sluggish economy, and it has been extended twice since then. But the popular tax cut is set to expire on the first of January, and for four key reasons, The Senior Citizens League is urging Congress to let the tax holiday come to an end..Medicare Advantage enrollees have certain protections under a declared emergency. During the period of the declared emergency, Medicare Advantage plans are required to cover services at out-of-network facilities, or out-of-network providers that participate in Medicare, and charge no more than they would pay if they had received care at an in-network facility or provider. That said, it's much less clear how billing from out-of-network providers will be handled as declared state and national emergencies are lifted. As COVID-19 cases have increased, some states have found the need to bring in emergency nursing and professional staff when hospitals have reached capacity, so the chance is higher that an out-of-network provider was involved in your father's care.

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Despite these obstacles, Subcommittee Members were relentless in their requests for CMS to reform the system. A frustrated Chairman Herger stated, "To date, CMS has offered little beyond excuses and questionable reports. If CMS does not responsibly act, then Congress will require them to." Trenkle closed the hearing with an agreement to provide the Subcommittee with an updated list of options and cost estimates by the beginning of next year. TSCL will continue to monitor any movement on this important issue..On Tuesday, the Social Security Administration announced that beneficiaries will receive a 0.3 percent cost-of-living adjustment in January the lowest Social Security COLA ever paid. It will increase the average monthly benefit by just around five dollars, and it is likely to be offset completely by increased Medicare Part B premiums..It is possible there could also be another emergency spending bill or, as we reported above, even a full-blown stimulus to try and keep the economy going. … Continued

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This creates problems especially in emergency room visits when the patient may require pricey services such as those from an air ambulance, doctor or other provider that does not have a contract with the patient's Medicare Advantage plan. When health plans get such bills, they can reject the claim and patients wind up on the hook for the "balance bill." While the average emergency room visit is just above 0, some patients have received surprise bills greater than 0,000 from out-of-network providers.."Caught Up In A Medicare Drug Fraud," Tracy Weber and Charles Ornstein, ProPublica, December 31, 2013..The Senior Citizens League is predicting another record-low Social Security cost-of-living adjustment in 2020 despite skyrocketing prescription drug prices and home heating costs. Will you cosponsor the Fair COLA for Seniors Act, which would make the COLA more adequate for Social Security beneficiaries? … Continued

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