The Social Security Trust Fund is the single biggest government account to which the U.S. Treasury owes money, with obligations currently totaling about .8 trillion dollars. From the mid 1980s until 2010, the Social Security Trust Funds received more revenues than required to pay benefits. Under current law, when surplus revenues are received, the Treasury issues special bonds or I.O.Us to the Trust Funds and excess revenues are used for other government spending. The government is required by law to pay interest on those I.O.U bonds..Rick Delaney, Chairman of the Board, TSCL.Highly recommended reading: "How To Make Your Money Last, The Indispensible Retirement Guide," Jane Bryant Quinn, January, 2016..You are age 62 or older;.TSCL's report contains one of the only up-to-date compilations of Social Security's Earnings Suspense File data, based on government documents, and updated with the most recent Social Security Administration data annually. The data indicate that in the years immediately following the 1986 immigration amnesty, the Earnings Suspense File grew at an unprecedented pace. From 2000 to 2011 the number of mismatched wage reports doubled, jumping from 52 million reported from 1990 to 1999 to 109.7 million from 2000 to 201In addition, the amount of average annual wages represented by the reports has also grown considerably since the 1990s - about 60%, after adjusting for inflation.."Prior Authorization in Medicare Advantage Plans: How Often Is It Used?" Gretchen Jacobson and Tricia Neuman, Kaiser Family Foundation, October 201"Medicare Advantage Appeal Outcomes and Audit Findings Raise Concerns About Service and Payment Denials," Office of the Inspector General, Department of Health and Human Services, September 25, 2018..that a new prescription is your best option, check your drug plan coverage and.Call your drug plan to ask about the coverage of the new generic and the expected co-pay. Be forewarned: according to Consumer Reports magazine, some Medicare drug plans charge lower co-payments for the branded version than for its generic counterpart. That has to do with agreements between insurers and pharmaceutical companies that make it seem like the name brand is the better deal..TSCL consists of vocally active senior citizens concerned about the protection of their Social Security, Medicare, and veteran or military retiree benefits. TSCL was first established as a special project of The Retired Enlisted Association. On January 1, 1995, TSCL became an independent 501 citizens' action organization.

State Indicator State Adoption Of Selected Aca Medicaid Eligibility And Renewal Provisions For Ageddisabled Population

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..On Tuesday, with a vote of 244-154, lawmakers in the Housed approved legislation to repeal the Affordable Care Act's controversial Medicare cost-cutting board..President Barak Obama included a proposal in his fiscal year 2014 budget that would have reduced Social Security benefits by using the more slowly-growing chained consumer price index to calculate the Social Security cost-of-living adjustment. An estimate produced for TSCL projects that "chaining the COLA" would cut Social Security benefits by about 9% over a 30-year retirement. Although the proposal has been under discussion for several years, it has not passed, primarily due to fierce resistance from older voters. … Continued

Health Reform Poll Finding Kff Health Tracking Poll March 2019

"Many food companies decrease the size of their containers, while keeping the same price," Joe said in his comments about price increases that he's observed. "Cost increases get masked when container sizes shrink." For example, after last year's hurricanes, a major orange shortage nationwide led to shrinking orange juice bottles. "Brands that originally sold in 64 oz containers, downsized to 59 oz and then to 52 oz - a 20 percent reduction in what our orange juice money buys today," Joe says..Although the new tax law almost doubles the standard deduction, and increases the deduction for taxpayers over the age of 65, The Senior Citizens League still encourages older taxpayers to compile and check medical and other deductible expenses before automatically taking the new standard deduction. The Senior Citizens League is working for passage of legislation that would lower or eliminate the taxation Social Security benefits, and strengthen Social Security for all..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. … Continued

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