This week, lawmakers continued working on an omnibus spending bill, and The Senior Citizens League endorsed new legislation that would give Social Security beneficiaries an emergency cost-of-living adjustment next year..In fact, unlike the surtax on high earners, this 3.8% net investment tax was not even a specific provision of Affordable Care Act. It was a provision of a separate bill, the Health Care Education and Reconciliation Act of 2010 which was passed about two days after the Affordable Care Act. By setting up the revenues so that they would flow to the General Fund, Congress by-passed earmarking those revenues for the Medicare Part A or Part B Trust Fund. That also means that, when those revenues are used for other purposes, the Medicare Trust Funds are not earning any interest from the federal government for the use of those funds..The Senior Citizens League is pleased that Congress has successfully negotiated a repeal of the SGR, since the flawed formula has not worked as intended for twelve years. It has called for physician pay cuts some as steep as 30 percent more than seventeen times, threatening access to quality medical care for beneficiaries. We are hopeful that the new payment system will bring increased stability to the Medicare program..Almost all of my income is from Social Security. I have some limited savings, and I own my home. I'm having trouble affording my Medicare premiums and out-of-pocket costs, but I don't think I qualify for Medicaid. Are there any programs that may help?.One of the key issues discussed was the growing concern surrounding the possibility of the Totalization Agreement between the United States and Mexico being signed by the President. If this happens, Congress would have a limited amount of time to actually review the Agreement. If Congress decides not to take any action, the Agreement would automatically go into effect..Letter to Senator Marco Rubio Re: Financial Effects On Social Security Of S.744, Stephen Goss, Chief Actuary, Social Security Administration, May 8, 201"Hatch, Rubio Unveil Amendments to Further Strengthen Immigration Bill," Senator Orrin Hatch, June 12, 2013..may tend to lower your tax bill later, by reducing the required minimum distribution amount that you must take in order to avoid tax penalties after age 70 ½. Large required minimum distributions could also trigger taxes on up to 85% of your Social Security benefits in addition to a surcharge on your Medicare Part B and Part D premiums..If you currently have dental insurance, you may want to check with your plan to see what dental services are covered. If you do have some coverage now, consider getting necessary dental work before you start Medicare. You may also want to shop for Medicare Advantage health plan that covers routine dental services, but carefully first compare other costs and coverage for your specific health conditions and prescription needs..Learn if there's an older, less expensive drug that you can try first. If you have a copy of your drug plan's formulary you may want to take that with you to the doctor's office to assist with checking an alternate medication, and what you will pay out-of-pocket.

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By Jessie Gibbons, TSCL Legislative Director.My Medigap premium is more than 0 per month. I'm paying 4.60 for Medicare Part B and per month for a Part D plan. I've learned there's a Medicare Advantage plan in my area that only charges a premium of a month, and that includes Part D and some vision benefits. I'm 7Is it a good idea to try Medicare Advantage?.Another initiative announced on Monday will improve the quality and safety requirements for nursing homes and skilled nursing facilities. The new rule proposed by the Centers for Medicare and Medicaid Services will update the standards that have been in place for nearly twenty-five years. According to the administration, it will "improve quality of life, enhance person-centered care and services for residents in nursing homes, improve resident safety, and bring these regulatory requirements into closer alignment with current professional standards." … Continued

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The rate of growth in the number of older Americans who receive Social Security has slowed sharply recently, and the drop may be due in large part to the large number of deaths from COVID-19 among people age 65 and up. In March of 2021, the number of people receiving retirement benefits from the Social Security Administration rose 900,000 to 46.5 million, the smallest year - over - year gain since April 2009..Comparison shop &nash; You can often save by getting prescription medicines, flea and tick products, and heartworm preventatives through pet catalogs and internet discounters..According to the Congressional Budget Office, a growing share of the government's spending for Social Security is going to pay for disability benefits.[iii] Between 1990 and 2012, the ratio of disabled recipients to retirees changed dramatically, increasing 112.5%, from 3.2 to 6.7 beneficiaries per 100 covered workers.[iv] In testimony to the House Subcommittee on Social Security, the Congressional Budget Office said that legislation enacted in 1984 expanded the ways in which people could qualify for the DI program, which included allowing symptoms of mental illness and pain to be considered even in the absence of clear - cut medical diagnosis. In addition, disabled beneficiaries also receive coverage under Medicare, regardless of age, after a 24 - month waiting period. … Continued

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