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Well, to our surprise, it was announced last Friday that House and Senate committee leaders have struck a deal on a bipartisan fix for the problem..TSCL Members and Supporters:.The less painful alternatives are: bringing new state and local workers into the Social Security system, gradually raising the payroll tax cap to its originally intended level, and raising the retirement age..The sharp plunge was the result of changes that Congress made in 1977 to a Social Security benefit formula glitch that over-adjusted for inflation. At the time, Social Security actuaries forecast that if left unchanged, some groups of future retirees would receive benefits that would be even higher than their average earnings during their working years. Social Security was almost insolvent..Quite likely. Age 62 is simple to remember because it's the same for everyone. But figuring out your full retirement age is hard because it differs for every one. It must be looked up online, or you must call the Social Security Administration to confirm it. Only one-out-of three people even know their full retirement age. But your full retirement age, whether it's 66, 66 plus 4 months, or 67, and the amount you can expect at that age, still doesn't get you your maximum benefit! Only half of all retirees even know that waiting until age 70 to claim retirement benefits gets you the maximum amount that you qualify for..A Kaiser Family Foundation study has found that ten percent of prescription drugs make up the majority of Medicare drug spending..Members of the committee heard from several witnesses at Wednesday's hearing, including Stephen and Rita Shiman, two older Americans from Saco, Maine who were recently victims of the common grandparent scam against seniors. The couple was contacted via phone by a scammer who claimed to be their grandson. The caller told Mr. and Mrs. Shiman he was being held unfairly in a county jail and needed ,230 to be released on bail. They completed the transaction without a second thought and learned they had been scammed later that day, when they called to check in on their actual grandson..A COLA as low as 1.2% increases the risk that Medicare Part B premiums for 2020 would take the entire amount of any COLA increase for many beneficiaries. This would be especially true for any Part B increase around .00 per month.."As the Covid-19 pandemic has sparked a race among drug makers eager to develop a vaccine and improve the industry's standing in Washington - pharma's giving underscores the breadth of its influence and its efforts to curry favor through lobbying and donations to the lawmakers who regulate health care.

New Ulm Medical Center Retiring Doctor Who Delivered Thousands Of The Citys Newborns
Medicaid, the state and federal program that provides healthcare for low-income Americans, is undergoing a massive expansion with the start of the Affordable Care Act. The fairness of that expansion for seniors is drawing closer scrutiny from TSCL..If Congress fails to prevent a default on the federal debt, older Americans will be impacted in two major ways. First, Social Security benefits would be delayed, and millions of seniors living on fixed incomes would suffer financially. Second, health plans that cover Medicare beneficiaries and providers who treat Medicare patients would likely see postponements in their reimbursements from the federal government. Access to quality medical care could become more difficult for older Americans if that occurs..Under traditional Medicare with Medigap, you have greater freedom to select providers and to travel and still get coverage. Medigap is the better choice for people who divide their time between homes in two different states, or who like to travel outside the U.S. Several Medigap plans cover foreign travel emergencies. On the other hand under many Medicare Advantage plans, you would need to follow your plan rules to get in-network care and would be more limited to specific geographic areas. If you join a Medicare HMO and then have a medical emergency in other part of the country where your plan does not operate you would foot 100% of the medical bill. … Continued

Newsroom District One Hospital Earns Renewed Designation As Level Iv Trauma Hospital
President Obama recently announced a series of Executive Actions to protect an estimated 4.9 million illegal immigrants from deportation. This month the U.S. Citizenship and Immigration Service is expected to start taking applications as hundreds of thousands of illegal immigrants begin to apply for deportation relief, work authorization, and Social Security numbers..In 2015, the monthly Medicare Part B premium for people with incomes less than ,000 was 4.90. When the Social Security Administration announced that there would be no COLA in 2016, Barbara - like 70 percent of all other Social Security recipients - was protected from reductions in her Social Security benefits by a provision of law known as "hold harmless." Barbara's Medicare Part B premium stayed the same, at 4.90, even though Medicare Part B premiums that year rose to 1.80 for people like new enrollees who were not protected by hold harmless..the premium may become unaffordable. … Continued