The Centers for Medicaid and Medicare Services-CMS (formerly the Health Care Financing Administration-HFCA)
(10/19/15)- The official price measure used
by the Labor Department to calculate the cost-of-living adjustment was down
0.4% from last year’s level in the third quarter, so Social Security
beneficiaries are not going to see any increase in their checks next year. 2010
and2011 were also years in which there was no Social Security cost-of-living
check increases for beneficiaries.
Congress adopted that formula in the 1970s,
and that has resulted in benefit checks rising only 2 per cent in the last 10
About 56 million Americans receive Social Security checks, along with 8 million more who receive Supplemental Social Security checks. The average monthly check is $1,224.
The maximum of wage income subject to payroll
taxes will remain at $118,000.
(7/25/15)- The annual report card from the trustees of Social Security Trust Fund said that Social Security beneficiaries should not expect to see any cost-of-living increase in 2016 because inflation has remained very low.
While about 70% of Medicare beneficiaries would continue to pay $104.90 as their premium for their coverage under the program, the remaining 30%, including new beneficiaries, and enrollees with higher incomes could see their premiums go up to $159.30.
Potential premium changes or cost-of-living adjustments will not be finalized until October.
(3/19/15)- One of the mazes that one runs through in later in your lifetime involves a very important financial decision that you enter into when it comes to the choice that you make in regards to your Social Security benefit.
In order to help you understand the choices available to you, we at therubins highly recommend that you read “Get What’s Yours: The Secrets to Maxing Out Your Social Security” by Laurence J. Kotlikoff, an economics professor at Boston University, Philip Moeller and Paul Soloman.
The book will answer your questions as to what is the best route for you to take when you make the decision
(6/19/14)- A report from the Senate Special Committee on Aging chastised the Social Security Agency for closing field offices and reducing in person services, even though the demand for those services keeps growing with the aging of our population, and the nation’s ever so slow emergence from the Recession of 2008.
The committee’s chairman, Senator Bill Nelson, Democrat of Florida, said, “Seniors are not being served well when you arbitrarily close offices and reduce access to services.”
The field offices served over 43 million people last year, and that number will continue to grow. There has been a 27% increase in claims for retirement benefits, to 3.3 million last year, from 2.6 million in 2007.
The agency closed 64 of its 1,245 field offices, and shuttered 533 temporary mobile offices in the last 5 years. Its operating budget, which was $11 billion in 2013, is about 4% less than what it was in 2011. The report went on to point out that the number of full-time employees in Social Security field offices has declined by 14% since October 2010 to 25,420 in 2013.
The agency is trying to shift many of its services to be handled online, but the problem with that is many of the applicants have no computers or are totally unfamiliar with operating a computer.
(11/1/13)- The Centers for Medicare and Medicaid Services announced that Medicare Part B monthly premium will remain at $104.90 in 2014, as it was in 2013. Those beneficiaries with higher adjusted gross income will have to pay higher premiums.
The Social Security Administration announced that its payments to 63 million beneficiaries and the disabled will increase by 1.5% beginning in January 2014, which would be one of the smallest percentage increases since the program started in1975. This annual adjustment is calculated according to how much the consumer price index rises during the third quarter of the year from the same quarter in the prior year.
The Social Security increase was 1.7% in 2013, following no increases in 2011 and 2010.
The average Social Security check will rise by $19 a month to $1,294 beginning in January.
(12/25/11)- President Barack Obama signed the law that would extend for two months the cut for an employee's share of the Social Security payroll tax at the current level of 4.2% of wages through February 29, 2012. In the absence of Congressional action, the tax would have reverted to the 6.2% level. Employer's share of the tax will remain at 6.2%
Under the law, the federal government will also continue to pay unemployment insurance benefits under current policy through February 29, 2012.
Medicare will continue to pay doctors at current rates for two months, thus averting a 27% cut that was due to take place on January 1, 2012
(5/11/09)- The Senate Finance Committee voted unanimously in favor of William Corr to become deputy secretary of health and human services. Mr. Corr, who previously worked for the Campaign for Tobacco-Free Kids until January where he was the executive director and a lobbyist for the organization in Washington, is expected to easily win full Senate confirmation.
He has also worked on health-care policy at the Department of Health and Human Services, and was an aide to former Senate Majority Leader Tom Daschle
The Social Security Administration uses individual medical records to determine almost 3 million disability claims each year. It is the largest independent federal agency, and will pay $615 billion in Social Security benefits to over 51 million beneficiaries, and provide more than $43 billion in assistance to over 7 million SSI recipients with limited income and assets.
(11/6/07)- Lawmakers in Ohio finally have repealed the law that made it the only state that reduces unemployment payments to people over 62 by the full amount of their Social Security benefits. States began to abolish or reduce the deduction of the benefits after the mid-1980s, when Congress amended a law that had required it.
Forty states no longer deduct any percentage of Social Security benefits, and nine states deduct 50%, according to the Department of Labor. The cost to Ohio is estimated at about $25 million annually and will be covered by the state's unemployment funds.
(12/31/04)- President Bush said that he will nominate Michael O. Leavitt, a former three-term governor of Utah to be secretary of health and human services replacing Tommy G. Thompson. Mr. Leavitt is the present administrator of the Environmental Protection Agency. As secretary, Mr. Leavitt would supervise the CMS, which oversees the Medicare and Medicaid programs for the elderly, the disabled and the poor.
As chairman of the National Governors Association in 1999 and 2000 he sought more authority for the states to revamp Medicaid and welfare programs. The department spent over $543 billion last year compared to the $8.3 billion that was spent by the EPA. There are over 60,000 employees in the department versus the approximately 18,000 employees in the EPA. Other agencies that are in the realm of the Health and Human Services domain are the National Institute of Health, the FDA and the CDC. Mr. Leavitt is 53-yeaqrs of age.
One of the biggest problem areas now faced by the department is the fact that it is now estimated that there are over 43 million Americans without health insurance as against the estimated 39.8 million in 2000.
(7/19/04)- The Centers for Medicaid and Medicare Services (CMS) is a federal agency within the U.S. Department of Health and Human Services. CMS runs the Medicare and Medicaid programs. It provides health insurance for over81 million Americans through Medicare, Medicaid and Child Health. As their web site states.... CMS also performs a number of quality-focused activities, including regulation of laboratory testing (CLIA), surveys and certification, development of coverage policies, and quality-of-care improvement.
The CMS conducts studies of amongst other things, projections of spending for national healthcare. These projections are quite important in evaluating estimates of future costs for Medicare and private health. In their just released study the projections call for a slower increase in spending for the next ten years than had previously been projected. The rate of annual growth in spending for the decade from 1997-2007 is expected to slow to 6.5%, as opposed to the 7% growth figure projected last year. Medicare spending is projected to grow just 4.5% a year over the 1997-2000 period, compared to the 5.1% figure projected last year. Healthcare spending in 1997 (the most recent year for which figures are available) cost $1.1 trillion, and is expected to double by the year 2008. Dr. Mark B. McClellan is the new administrator for the CMS after heading the FDA.
The Health Resources and Services Administration and the CMS jointly run the Children's Health Insurance Program, which covers approximately 11 million uninsured children. The HCFA regulates all laboratory testing (except research) performed on humans in the United States. The CMS and the Departments of Labor and Treasury oversee the health insurance coverage for all Americans.
Together with other federal departments, and state and local governments, the CMS takes action against those who commit fraud and guarantees security for the Medicare, Medicaid and Child Health Insurance Programs. It is also responsible for quality assessment and performance improvement of the organizations under its purview.
It is headquartered in Baltimore, Md. and has 10 regional offices.
The CMS runs Medicare which covers over 44 million Americans at a cost of over $240 billion annually. It also oversees Medicaid the health insurance program for low-income individuals. There are broad federal requirements for Medicaid, but states have a good deal of flexibility to design their own programs. The states may:
CMS along with the Health Resources Services Administration runs the Children's Health Insurance Program, which became available on October 1, 1997. This program will provide federal matching funds over 5 years to help states expand health care coverage to as many as 5 million of the nation's uninsured children. States set eligibility and coverage requirements following broad federal guidelines. Recipients in all states must have low incomes, be otherwise ineligible for Medicaid, and be uninsured. Application for this program is made at the state welfare office.
By Allan Rubin
updated October 19, 2015