Emergency SNAP Benefits Ended, But Older Americans Still Need to Eat. TSCL Working For $1,400 Stimulus Payment By Daisy Brown, TSCL Legislative Liaison A temporary boost to SNAP benefits (food stamps) that was put ...
Daily Archives: May 5, 2023
Benefit Bulletin: May/June 2023
Edward Cates, Chairman of the Board, TSCL 58% of Older Taxpayers Say Income Thresholds for Taxation of Social Security Benefits Should Be Adjusted You said it! We recently learned that 58% of older taxpayers think ...
Beware: Nothing Is Off the Table When It Comes to Social Security Cuts
By Mary Johnson, Editor Are you following the debate over the debt limit? Congress recently agreed to keep its hands off Social Security and Medicare. But it would be premature — even dangerous for your benefits — to ...
Ask The Advisor: When Will New Prescription Drug Price Savings Start?
Q: I keep seeing information that recent legislation will lower the cost of my prescription drugs, but I haven’t seen much of any change yet, other than the $35 cap on insulin costs which is helping a friend of mine. Wha ...
Best Ways to Save: May/June 2023
Does Medicare Provide a Grocery Benefit? Q: I keep seeing ads for a Medicare grocery benefit. How do I qualify? A: We keep seeing the ads too. Unfortunately, Medicare does not provide money for groceries, but so ...
How Much Do Medicare Beneficiaries Spend on Healthcare?
Q: What portion of your total household budget do you spend on healthcare costs including Medicare premiums and out of pocket? A: It turns out to be a lot more than our government’s measurement of inflation accounts f ...
The Missing Medicare Tax That Never Made It to Medicare: 76% Of Older Voters Who Took TSCL 2022 Survey Want It Fixed
TSCL recently confirmed that a Medicare tax that became effective in 2013 never made it into the Medicare Hospital Insurance Trust Fund. Tens of billions in revenues wound up going into the U.S. General Budget Fund inste ...
Some Social Security Beneficiaries Need an Extra $6,200 in 2023 Just to Maintain Buying Power But COLA for 2024 Could Be Just 3.1%
By Mary Johnson, Social Security and Medicare Policy Analyst The Senior Citizens League's (TSCL) latest study on Social Security Buying Power found that the average person who retired before 2000 (those age 85 and old ...