As the 2024 campaign heats up, candidates are facing questions about their positions on Social Security benefit cuts and facing pressure to pledge not to touch Social Security. But one thing everyone needs to remember — ...
Older Households Report Very Modest Spending Despite Record COLA In 2023
Although retirees received the highest COLA in 40 years in 2023 — 8.7% — nobody is getting rich. The reality is that the dollar amount of the COLAs increase is very modest. According to TSCL’s latest Retirement Survey, 4 ...
Social Security Benefits to Rise 3.2% in January
The 2024 Social Security cost of living adjustment (COLA) will increase benefits by 3.2% starting with the check to be received in January. That will raise an average monthly retiree benefit of $1,848 by $59 but, watch y ...
Senate Committee Investigate Medicare Advantage Enrollment Schemes
In our September update, we wrote about a video conference TSCL participated in that discussed the Medicare Advantage (MA) ads that inundate TV and mailboxes every fall during open enrollment season. We learned that t ...
It is Important that You have Prescription Drug Coverage
Open enrollment season is the time of the year when you can make changes to your prescription drug coverage. If you’re eligible for Medicare and don’t have creditable drug coverage, which means drug coverage that is a ...
TSCL Prediction is Correct: 2024 Social Security COLA will be 3.2%; Medicare Announces 2024 Premium Hike
As TSCL’s analyst Mary Johnson predicted, the government announced that the Social Security COLA for 2024 will be 3.2%. That amounts to, on average, another $50 or so a month, bringing the average Social Security chec ...
TSCL Endorses Drug Price Transparency Legislation Introduced in Congress
U.S. Representatives Abigail Spanberger (D-Va.) and Zach Nunn (R-Iowa) have recently introduced bipartisan, bicameral (House & Senate) legislation to require pharmaceutical companies to disclose the price of their dr ...
Medicare Open Enrollment Period Has Begun
In case you haven’t heard, the Medicare open enrollment period has started, and it runs through Dec. 7. This is when Medicare enrollees can make changes to their coverage effective for the 2024 plan year, including cha ...
2024 COLA 3.2%
2024 COLA Announcement ...
Help With Prescription Drug Costs
Consumer Reports magazine recently published an article about what can be done if the cost of your prescription medication goes up. Under President Biden’s 2022 Inflation Reduction Act, vaccinations, including the shi ...