News

Seniors like your husband who are 65 and older, and enrolled in Medicare, are not affected by the new health insurance coverage requirements that become effective January 1, 201But big changes are coming to health insurance coverage for about 62 million seniors age 50 through 64 who are not yet enrolled in Medicare..With 1.2 million supporters, The Senior Citizens League is one of the nation's largest nonpartisan seniors' groups. Its mission is to promote and assist members and supporters, to educate and alert senior citizens about their rights and freedoms as U.S. Citizens, and to protect and defend the benefits senior citizens have earned and paid for. The Senior Citizens League is a proud affiliate of The Retired Enlisted Association..In the days ahead, many Senators will be holding town hall meetings in their home states. TSCL encourages its members and supporters to attend these events and to ask important questions about the BCRA, like the following two….Do I Have To Give Up My Current Healthcare Coverage To Go On Medicare?.Over the years, TSCL surveys indicate that older Americans overwhelmingly oppose totally replacing Medicare with a system of private insurance plans. On the other hand, the design of traditional Medicare alone has a considerably high level of out-of-pocket spending, and no annual out-of-pocket limit. That leaves an important role for private insurers to fill in the gap with Medigap supplements or Medicare Advantage plans..A question to ask yourself is how long you plan to stay in the home, and how many years remain on your current mortgage. If your current mortgage only has 10 or 15 years left to go, refinancing is likely to result in higher lifetime interest costs. When you get a new loan, most of the charges in the early years go towards interest costs. But if you only have a few years left on your current loan, you have moved past that stage and are making progress toward paying off your loan balance. If you refinance now, you start over from scratch..The Social Security COLA was created to protect the purchasing power of Social Security benefits received by older and disabled Americans, but the results of this new study show that seniors are failing to keep up with rising costs. In recent years, inflation and COLAs have been at record low levels, averaging just 1.2 percent per year since 20In 2018, Social Security beneficiaries received a COLA of 2 percent, yet most saw no increase at all in their net benefits due to substantially higher Medicare Part B premiums..No: 70%.Medicare's extraordinarily high reimbursement rates for durable medical equipment like back braces and power wheel chairs have made it a particularly lucrative target for crooks and abuse billing practices. The Centers for Medicare and Medicaid Services recently reported that an astonishing 66% of all durable medical equipment claims were improperly paid in the government's fiscal year 2012, costing Medicare more than billion.