Q: Will Prices Come Down In 2023? A: Consumer price data through September of 2022 suggests that the rate of price increases gives no clear sign that inflation is abating yet. So far, there’s no indication that inflati ...
FAQ: Social Security’s Solvency
Q: Will the 8.7% COLA affect the solvency of Social Security? A: TSCL thinks it might. Since 1975, the Social Security Administration has automatically adjusted benefits annually based on inflation. Rarely have pric ...
Legislative Update: December 2022
By Daisy Brown, TSCL Legislative Liaison Q: What Does TSCL Support To Make Medicare And Social Security Benefits More Adequate? A: Keeping Medicare affordable while providing effective, high-quality care often tops TSC ...
Benefit Bulletin: December 2022
Edward Cates, Chairman of the Board, TSCL Q: How Could the COLA Affect Medicare Costs? A: Rising Social Security income due to the COLAs will provide some greatly needed relief from rising prices. But the increased i ...
FAQ: Taxation of Social Security Benefits
By Mary Johnson, editor Q: How Will Inflation Affect Your Taxes? A: With inflation at historic levels, it’s helpful to know about two important inflation- related factors of our tax code that affect what older (and dis ...
FAQ: Medicare Part B Costs
Q: How Will Part B Premium Costs Change In 2023? A: Most healthcare costs are expected to continue to climb from 2022 - 2023, but there is some good news. The Medicare Part B premium is going down in 2023. Medicare P ...
FAQ: COLA
Q: Will Your COLA Be Enough To Keep Up With Rising Prices? A: Social Security beneficiaries will receive an 8.7% cost-of-living adjustment (COLA) in January, the highest that almost every beneficiary alive today has eve ...
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