A relatively little-known measure of the cost of living of older Americans — the Elder Index developed by researchers at the Gerontology Institute of Massachusetts-Boston — recently made news after researchers found that ...
How Medicare Spending Can Be Cut To Help With Inflation
As the Federal Reserve raises interest rates which affects the cost of borrowing money, the cost of the government’s debt is rising. That in turn is having an impact on government spending, as well as the balances of th ...
2023 COLA Could Be One of Highest Ever Paid —8.7%
By Mary Johnson, editor Social Security beneficiaries can look forward to receiving one the highest cost-of-living adjustments (COLA) ever paid in the history of the program next year. Based on consumer price index d ...
Ask the Advisor: August 2022
How Did Mortality From COVID-19 Pandemic Affect Social Security Finances? Q: I recently read that the Social Security Trust Fund picked up an extra year of solvency. Was that due to the high mortality rate in senior ...
Legislative Update: August 2022
TSCL Endorses Legislation That Would Boost Benefits $2,400 per Year By Doug Osborne, TSCL Legislative Liaison Social Security recipients have been hit hard by inflation this year. Inflation is eating into the buyi ...
Benefit Bulletin: August 2022
Medicare Won’t Issue Refunds For Part B Premiums This Year Rick Delaney, TSCL Chairman of the Board Here’s a recent email that we received from a TSCL supporter in the state of Washington: I must have missed TSC ...
“Data Mining” Scheme To Overcharge Medicare Leads to Crackdown
Data analytics firms and “data mining” are the center of a broad government crackdown on abusive Medicare Advantage overcharges according to the U.S. Department of Justice. In California, for example, a health system sc ...
Inflation Likely to Last Through 2023
Many of you may have been trying to catch up on family gatherings and travel this year after those activities were so curtailed during the pandemic. Now rising interest rates for consumer credit cards, on top of higher ...
Ask the Advisor: July 2022
Q: I was born in 1951 and turn 71 this year. I understand that a second round of legislation was passed by the House that would increase the age for taking required minimum distributions from a 401(k). Could you tell ...
Best ways to Save: July 2022 – Is Senior Home Sharing a Good Idea?
Online home sharing match-up programs are helping to match seniors with compatible individuals seeking safe, affordable housing. Home sharing agreements can sometimes include provision of some assistance (such as meal p ...
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