Trustees Release Annual Social Security and Medicare Reports."Today's approval provides patients with an additional safe and effective treatment option and also expands the number of products that are available," Archdeacon said..Now, it has been reported that the top lawyer in the Department of Health and Human Services has warned in an internal memo that the President's plan to give seniors 0 discount cards to buy prescription drugs could violate election law..TSCL is supportive of the President's efforts, but we are taking a wait-and-see approach because, as so many things are in Washington, D.C., the devil is in the details..Use Retirement Savings or Start Social Security Early to Cover Large Medical Expenses?.The assertion that many lower - income beneficiaries would lose benefits due to higher COLAs simply isn't the case, but is rather another example of twisted partisan rhetoric. Voters would be far better served by lawmakers who are more focused on solving problems of the majority of people than spreading misinformation to protect the tax breaks of the nation's wealthiest workers..Let's say that you work for an employer with more than 20 employees. Then you and your wife may delay enrollment in Medicare, if you continue to work, and as long as you're still covered by the group health plan. If your employment or coverage ends, however, then you and your wife have 8 months to enroll in Medicare. COBRA and retiree health plans don't count as coverage based on current employment..If you are like millions of Americans you have experienced delays in your mail, including drug prescriptions and checks. In some instances, it has taken over a month for a letter to arrive at its destination, and there are still stories of undelivered packages piled up in postal facilities..TSCL is also highly concerned that the candidates are not talking enough about protecting the annual COLA from cuts. During the recent 2011 debt limit talks with House Speaker John Boehner, President Obama floated a debt reduction plan that would have reduced government spending annual increase by using the chained Consumer Price Index to calculate the COLA.

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More than 1,057 respondents participated in The Senior Citizens League's annual senior survey, which was conducted from January through March of this year. Participants confirmed that monthly household expenses made steep increases over the past year, far in excess of the dollar amount that their COLAs increased benefits. More than half, 56%, indicated their monthly expenses went up by more than Yet 50% of survey respondents said that their COLA increased benefits less than per month, after the increased Part B premium for 2018 was deducted from their Social Security benefits..A balanced budget amendment to the constitution might sound like a good idea on the surface, but when the details are examined, it could be disastrous for programs like Social Security and Medicare. The Senior Citizens League tirelessly advocated against its adoption when it was considered earlier this year, and because lawmakers aren't giving up on it anytime soon, we aren't either..While the additional payroll tax went directly to the Part A Trust Fund, the 3.8% "Medicare" net investment tax was never transferred to Part A. It wound up going straight into the U.S. General Fund where it could be appropriated for any government spending. … Continued

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The index used to determine the COLA of retirees does not measure the spending patterns of retirees, but younger workers instead. Retirees, we all know, spend their money differently than younger people and must spend a far bigger share of their budgets on housing and medical costs - two categories of spending that often rise several times faster than overall inflation..Meanwhile, the House of Representatives announced they will also be taking the usual August recess if they get needed legislation passed before then..I learned that my client's new brand name prescription cost more than a … Continued

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