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 ...
Author Archives: georgette
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 ...
April 2023
Extra COVID-19 Booster now Available for Seniors and other High-risk Americans In mid-April, the Centers for Disease Control (CDC) announced that people 65 or older with one Pfizer or Moderna updated booster can roll ...
House GOP Majority Leader McCarthy Believes He will be able to Pass Legislation to Raise the Debt Ceiling
You have undoubtedly heard about the crisis facing our country regarding the “debt ceiling.” Right now, Congress is in a countdown to pass legislation needed to stop our government from defaulting on its debts. The l ...
Senate Leaders Working on New Bipartisan Drug-Pricing Deal
The leaders of two key Senate health committees are trying to strike a deal on a group of drug-pricing bills, including ones to spur generic drug approvals, cut fees from pharmaceutical middlemen, and cap the cost of ins ...
Extra COVID-19 Booster now Available for Seniors and other High-risk Americans
In mid-April, the Centers for Disease Control (CDC) announced that people 65 or older with one Pfizer or Moderna updated booster can roll up their sleeves again if it has been at least four months since that last shot. ...
Congressional Corner: Congress Capped Insulin Prices for Folks on Medicare. Why this Matters
Representative Sharice Davids (KS-03) When I came to Congress in 2019, one of my first priorities was to lower the cost of prescription drugs, especially on insulin, a medication millions of Americans take every d ...
Best Ways To Save: New FDA Rule Could Save You $3,000 On A Pair Of Hearing Aids
By Mary Johnson, editor A new rule recently announced by the U.S. Food and Drug administration (FDA) approved the sale of over the counter (OTC) hearing aids for people with mild to moderate hearing loss. OTC hearing ...
Ask The Advisor: Did Congress Change The Age For Required Minimum Distributions From Retirement Accounts?
Q: Can you confirm whether Congress changed the age for required minimum distributions from retirement accounts? I am currently age 71 and will turn age 72 in April of 2023. A: It was easy to miss, but yes, budget leg ...
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