News

House Speaker Nancy Pelosi said last week that she is pushing to attach drug price cutting legislation to the major budget bill carrying most of President Biden's trillion economic agenda in the coming months..Apply for Extra Help. Extra Help is the Medicare program for low-income seniors that can help with most, or all of the cost of your drug plan premium, deductible, and co-pays. You also get valuable coverage in the Part D coverage gap. If you qualify, you would pay between - for each drug. Apply even if you aren't sure, because the income requirements are not as stringent as those for State Pharmacy assistance programs..May 15, 2013 Seniors have lost almost one-third of their buying power since 2000, according to the Annual Survey of Senior Costs, released today by The Senior Citizens League. TSCL is one of the nation's largest nonpartisan senior advocacy groups..Get started now on a financial habit that can give you big savings for the time you invest in shopping around.."Splitting pills, taking prescriptions every other day, or simply not refilling prescriptions is hazardous to health, especially when the drug is an essential one for conditions such as diabetes," says Johnson, whose mother was a diabetic. "The process of comparing plans can be a chore and confusing. But there are Medicare counselors in every state who are available to help beneficiaries compare and select the best choice of coverage, with free one - on - one counseling," Johnson explains..First, the payroll tax cut undermines the self–sustaining nature of Social Security and for the first time in more than seventy years, the program has become reliant on the federal government's general revenues. Under the law, the government must provide Social Security's Trust Fund with a dollar–for–dollar replacement for any lost revenues due to the tax cut. In 2011, the government's reimbursement funds accounted for 13 percent of Social Security's income. TSCL finds it troubling that the tax cut has disrupted the financing structure of Social Security, which has worked seamlessly since the program's inception..Accelerate retirement account distributions when you have excess deductions. If your standard deduction will exceed your taxable income this year, consider withdrawing a little more retirement funds if you will need them this year. Doing so when you have a low or even a zero tax rate will potentially help you avoid paying more in the future when your deductions are lower or taxes rates are higher..Key Bill Gains Critical Support.In a message to Congress in 1945, President Truman said "Millions of our citizens do not now have a full measure of opportunity to achieve and enjoy good health. Millions do not now have protection or security against the economic effects of sickness. The time has arrived for action to help them attain that opportunity and that protection." Twenty years later when President Johnson signed Medicare into law, he remarked on Truman "Many men can make many proposals. Many men can draft many laws. But few have the piercing and humane eye which can see beyond the words to the people that they touch […]And fewer still have the courage to stake reputation, and position, and the effort of a lifetime upon such a cause when there are so few that share it." I am honored to continue fighting for Truman and Johnson's visions as we look forward to another 50 years of Medicare.