This week, one new cosponsor Congressman Gregorio Kilili Camacho Sablan signed on to the Social Security 2100 Act, bringing the total up to 16If signed into law, it would extend the solvency of the Social Security trust funds responsibly, without cutting benefits for current or future retirees. The bill currently has more cosponsors than any other comprehensive Social Security reform bill to date, and we hope lawmakers in Congress will consider it seriously in the months ahead..Following the hearing, The Senior Citizens League submitted a proposal for strengthening and improving the DI program. We recommended the following seven policy changes based on the results of several surveys of TSCL's supporters:.TSCL agrees enthusiastically and we believe the SAVE Benefits Act introduced by Sen. Warren and Rep. Grayson would go a long way in ensuring the retirement security seniors have earned. We look forward to working with them in the months ahead to build support for their critical new bill..Half of the medications that saw price hikes followed price increases in 2019 and 2020, according to the report..Today millions of older women are depending on insufficient Social Security benefits to get them through a retirement that can stretch up to 30 years. Low benefits mean people have to spend more of their retirement savings at a faster pace than anticipated..Social Security checks in 2020 are almost 20 percent lower than they otherwise would be, due to the long term impact of extremely low annual inflation adjustments, according to a new analysis from The Senior Citizens League. This analysis comes as the Social Security Administration announced today that the 2021 cost of - living adjustment COLA will be just 1.3 percent, making it one of the lowest ever paid..First, the Social Security 2100 Act gained one new cosponsor in Representative Diana DeGette, bringing the cosponsor total to 17If signed into law, H.R. 1902 would strengthen Social Security benefits by make cost-of-living adjustments more adequate, increasing monthly benefits by 2%, creating a new Special Minimum Benefit equal to 125% of the poverty line, providing a tax cut to Social Security beneficiaries, applying the payroll tax to annual income over 0,000, and gradually increasing the payroll tax rate by 0.25%..Expanded coverage of preventive services. The healthcare law expanded coverage of screenings for colon, prostate, breast cancer and other preventive services, which are now free if you follow Medicare's recommended frequency for getting the tests. Medicare will also pay for an annual wellness visit to the doctor..So, we wanted to close this week's update with some good news, as reported by Bloomberg News.

Medicare State Indicator Total Disabled Social Security Disability Insurance Ssdi Beneficiaries Ages 18 64

As to the details of how healthcare reform will affect you and your husband, stay tuned. Government officials and community organizations are gearing up for consumer information and assistance efforts that will surround this fall's open enrollment period starting in October. A major poll conducted earlier this year indicates that much of the public remains confused about the status of the health law. Check coming issues of The Social Security and Medicare Advisor for how the new healthcare law will affect seniors younger than Medicare age..Reduce overpayments, fraud and abuse in the system - increase the frequency of continuing disability reviews. A recent audit found that the Social Security Administration had overpaid nearly half of the people receiving disability benefits over the past decade. Continuing disability reviews are conducted periodically to determine if disability recipients still remain eligible for benefits. According to the Social Security Advisory Board, every spent on reviews returns in savings to the program..This cost shift hits includes retirees with the lowest incomes. Specifically it hits their state Medicaid budgets that pay Part B premiums for low-income Medicare beneficiaries - about 19% of all Medicare recipients. If Medicare Part B premiums go up by more than .40 per month in 2021, that would add yet another fiscal shock to state budgets that are already strained to the limit due to the coronavirus pandemic. … Continued

Report Section Medicare Advantage In 2021 Star Ratings And Bonuses Issue Brief

Despite the slowing of the CPI, earlier this year, Medicare actuaries estimated that the base Part B premium paid by most seniors will climb about 8%, from .90 per month to 9.10, starting next January..PBMs continue to leave American consumers and pharmacists in the dark about how their operations could be contributing to high prices. But to begin shedding light on the black box of prescription drug negotiations, I introduced the Public Disclosure of Drug Discounts Act. My legislation would require PBMs to publicly report their aggregate rebates, discounts, and other price concessions. Getting this information is a first step towards tackling the high cost of prescription drugs..Even if you aren't ready to sell your home, but just doing some planning for the future, homes maintain their highest value with careful regular maintenance and de-cluttering. It's not too early to start thinking ahead. To learn more, see: Selling Your House, Nolo's Essential Guide, by Iiona Bray, J.D. … Continued

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