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President Trump Signs Executive Order to Expand Private Medicare Plans.Eliminating the "cash cliff" that hits when a disabled beneficiary earns more than ,090 in any given month and is immediately cut off from benefits. The cash cliff serves as a workforce disincentive and could be addressed by simply adopting the method used in the retirement program, where monthly benefits are reduced by for every in earnings over ,310, thus providing an improved earning opportunity..Finally, the Social Security 2100 Act gained six new cosponsors this week, bringing the cosponsor total up to 170. The new cosponsors are Representative David Price, Representative Adam Schiff, Representative Rick Larsen, Representative Carolyn Maloney, Representative Darren Soto, and Representative Anthony Brown. If enacted, H.R. 1902 would strengthen and expand the Social Security program responsibly, without cutting benefits..The United States consistently lags behind countries like China, South Korea, and others in education, placing us 26th in math, and 21st in science, out of 34 countries. As we work to improve our education system to compete internationally, I believe recruiting teachers is critical to the success of our children and our nation. Unfortunately, we are doing just the opposite. We have two decades-old policies in place that unintentionally discourage people from becoming public servants and punish those who are.."Hospitals Struggle to Restart Lucrative Care After Coronavirus Shutdowns," Reed Abelson, The New York Times, May 17, 2020..The public frequently confuses the two programs. Like Social Security, people become eligible for Medicare based on payroll tax withholdings from their earnings. Eligibility for Medicaid is based on low income. Medicaid is a combined state and federal program, in which the federal government pays roughly 60% of program costs for all whose income is low enough to qualify under current law. The new House law would end the open ended nature of funding and cap per person costs, adjusting reimbursements for inflation using the consumer price index..The survey, which was conducted from mid - January to mid-February of this year, asked the following "How has the coronavirus - caused recession affected the value of your retirement savings as of December 31, 2020?" Some 18 percent of survey participants reported that they had no retirement savings at all. Of those with retirement savings, 48 percent reported that the value of their retirement savings was still down on December 31, 2020 from the ending value on December 31, 201Thirty-one percent reported that their savings had recovered to about the same value as on December 31, 201Only 22 percent reported that their savings had increased by December 31, 2020. Of this group, only 9 percent said their savings had increased by more than 10 percent..You are age 62 or older;.The subsidies are based on household income. If your income went down in 2014 you may be entitled to a bigger health insurance subsidy tax credit. But if your income goes up you would get a lower premium subsidy.

Blog Covid 19 Confusion Update On Coverage For Testing Treatment
New legislation passed in the House to repeal and replace Obamacare puts access to health care for the sickest, poorest, and even older Americans on Medicare at risk, warns The Senior Citizens League. Says TSCL's Medicare and Social Security policy analyst, Mary Johnson, "The GOP's American Health Care Act:.Although the annual adjustment is provided to protect the buying power of Social Security payments, beneficiaries report a growing disparity between the amount of benefit boosts they receive and increasing costs. According to a recent national survey by TSCL, the majority of Social Security recipients said that their benefits rose by less than in 2014, yet their monthly expenses rose by more than A 1.7% increase would only boost average Social Security benefits by about in January..Osterholm added that "vaccines will not become available in any meaningful way until early to third quarter of next year." … Continued

Health Medicaid And Chip
This week, The Senior Citizens League announced its support for two bills that would improve Medicare coverage of certain services. First, TSCL endorsed the Audiology Patient Choice Act, a bipartisan bill that was introduced in March by Senator Elizabeth Warren and Senator Rand Paul. The bill was introduced in the House last year by Representative Tom Rice with the support of several cosponsors..The estimated depletion date for the Medicare Part A trust fund is 202At that time, program income will be sufficient to pay 90% of total scheduled benefits. The Part B trust fund is financed differently, with premiums and general revenue funding changing each year to reflect projected spending, so Part B is expected to be adequately financed "for the next 10 years and beyond.".The coronavirus caused approximately 375,000 deaths and was the third leading cause of death in 2020, after heart disease and cancer. Covid-19 deaths in the U.S. now top 550,000 since the start of the pandemic. … Continued

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