I've received numerous automated phone calls offering "free" Medicare-covered items like back braces and diabetes supplies. I'm not 65, not eligible for Medicare yet and I'm on the national DO NOT CALL list. Are suppliers allowed to do this?.TSCL recently released an analysis of the proposal that estimates the chained CPI would cut the growth in average benefits of ,100 today by about ,634 over the course of a 25-year retirement, and that assumes that the economy becomes more stable soon. Nevertheless, the reductions in COLA growth compound over time, and are deepest when seniors are the oldest and sickest. By the time seniors are in their late 80s or 90s, when they are most likely to have chronic health problems, monthly benefits would be about 5 lower using the chained CPI..According to the CBO report, the fiscal shortfall is largely due to the growth of Social Security, Medicare, Medicaid and interest payments as a share of the country's gross domestic product, while tax revenue stays relatively steady and spending for other programs drops..On Monday, the White House held its Conference on Aging, which occurs once every decade with the purpose of discussing and advancing initiatives that will improve the lives of older Americans. Several members of the Obama Administration were present at Monday's event, and President Obama himself gave remarks on the challenges facing seniors today..Practice using the tool: Have your Medicare number, information about your current coverage, and a complete list of prescription drugs, including dosages and the number you need per month at hand. The Plan Finder will ask you to provide information including your zip code, current Medicare coverage, the drugs you take, the pharmacies you plan to use, and whether you want to see just Part D stand alone plans or Medicare Advantage plans or both. For meaningful results accurately enter all your prescriptions. When complete get your Drug List ID number, print it out and save it. You don't want to enter it again every time you revisit the Plan Finder and invariably you will..Masks and face coverings remain an important tool to stop spread of the coronavirus, the director of the Centers for Disease Control and Prevention told Congress this week, adding that he's worried that some Americans appear to be ignoring the advice..Social Security Totalization Agreement with Mexico Preventing an unnecessary and unspecified drain on the Social Security Trust Fund..New Bill Would Expand Medicare Coverage.however, my client was able to save ,080 in uncovered out-of-pocket drug costs

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On Tuesday, just hours before a 21 percent pay cut for physicians was set to take effect, the Senate approved legislation to repeal and replace the SGR the flawed formula that determines reimbursement rates for doctors who treat Medicare patients. The bill, which was passed by the House two weeks ago, was adopted on Tuesday with a vote of 92-Shortly thereafter, President Obama released a statement saying that he "will be proud to sign it into law.".Two new cosponsors Senator Cory Booker and Senator Deb Fischer signed on to the bipartisan CREATES Act, bringing the total up to thirty in the Senate. If adopted, the bill would increase competition in the prescription drug industry by encouraging generic and biosimilar drug manufacturers to introduce their products to the market more quickly..It remains to be seen whether Republicans in the Senate will begin working with Democrats on legislation that would stabilize the health insurance markets, or whether they will shift their focus to other legislative priorities. Following the failed vote early Friday morning, Senate Majority Leader Mitch McConnell told his colleagues: "I regret that our efforts were simply not enough … It's time to move on." … Continued

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Economic forecasts for 2013 warn of a financial crisis ahead. Nobody is feeling it more acutely than seniors living on fixed incomes. Retirees and disabled adults won't see much of a cost-of-living adjustment increase in benefits this year. At 1.7%, the 2013 is one of the lowest ever paid, not counting 2010 and 2011 when no COLA was payable at all. Timing couldn't be worse..In the year you reach your full retirement age, 66 and 6 months, you may earn a little more. The Social Security Administration will deduct in benefits for every earned above a slightly higher annual exempted amount. For example, in 2021 beneficiaries who reach full retirement age may earn ,520 or ,210 per month..xmas cash … Continued

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