Articles

  • Medicare Part B Increase Will Consume Retirees’ Entire COLA (Washington, DC) – Despite receiving the largest Social Security cost of living adjustment (COLA) in five years, the majority of retired and disabled beneficiaries will not see any increase in their net Social Security benefits in January, warns The Senior Citizens League.  A big jump in Medicare Part B premiums is to blame.  The Centers ...
  • How Much of Your Social Security Will You Spend on Medicare Costs? Medicare Trustees recently said that in 2017, Medicare Part B and Part D premiums and out-of-pocket costs would take about one-fourth of the average Social Security benefits. A recent survey by TSCL indicates that a substantial number of older households may be spending far more. The survey found that after including premiums for Medigap supplements, rapidly growing ...
  • Three Ways An Obamacare Repeal Would Affect Medicare The new President and Congress are working to repeal the 2010 Affordable Care Act (ACA) — more commonly known as Obamacare.  The healthcare law included many provisions that affect Medicare and the 57 million retired and disabled Americans who rely on Medicare for their health coverage. A recent issue brief from the non-partisan Kaiser Family Foundation ...
  • What’s A Medicare “Buy-In”? In the debate over rising healthcare costs, attention has focused on people age 50 to 64 who are among those with the highest premiums, deductibles, and out-of-pocket  costs.  Some policy experts say that removing these older people from the market for younger workers would lower costs, and proponents of the idea argue that people age ...
  • How Would Raising the Eligibility Age For Medicare Affect Medicare’s Financing and You? By Mary Johnson, editor Raising the age at which people become eligible for Medicare has been proposed as a way of reducing future government spending on Medicare.  The most widely – discussed option would gradually increase the Medicare eligibility age from 65 to 67.  Proponents say the change would generate billions in net savings to the ...
  • What’s Happening To Medicare Part B Premiums In 2017? Extremely low cost-of-living adjustments (COLAs) not only affect Social Security benefits, the 0.3% COLA also affects the amount of Medicare Part B premium people will pay in 2017.  When no, or a very low, COLA occurs, a provision of law known as “hold harmless” is triggered.  Under the provision, when an individual’s Social Security COLA ...
  • Where the Candidates Stand on Medicare Where the Candidates Stand on Medicare As election day approaches, The Senior Citizens League brings you this guide to the candidates’ positions on Medicare.  Here’s where our information comes from: Hillary Clinton’s website briefly summarizes her views on Medicare, and the chart below also draws from the 2016 Democratic Party Platform.  Although Donald Trump announced plans ...
  • Low COLA To Trigger Medicare Part B Premium Spike (Washington, DC) – New consumer price index data through August confirm that Medicare Part B premiums will spike next year due to an extremely low cost – of – living adjustment (COLA), according to a new estimate by The Senior Citizens League (TSCL).  “Low or no COLAs not only affect Social Security benefits, the amount ...
  • Medicare Premiums May Soar By 22% For Some Next Year Medicare Part B premiums are forecast to soar an astonishing 22.3% for an estimated 16 million Medicare beneficiaries in 2017 — the biggest such jump in nearly three decades.  The anticipated spike in monthly premiums, from $121.80 to an estimated $149.00 per month in 2017, is primarily due to the effects of an extremely low ...
  • The Big Issue: High Prescription Drug Costs Eighty-five percent of older voters think Medicare should be allowed to negotiate drug prices, like it does for all other medical services, according to TSCL’s 2016 Senior Survey.  Prescription drugs are one of the fastest growing expenses in retirement for older Americans, second only to Medicare Part B premiums.  Drug costs grew 4.6 times faster ...
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