By Doug Osborne, TSCL Legislative Liaison Recently we received the following from one of our members: “I’m trying to find out if anyone is aware of the IRS (tax) cliff that seniors on Social Security are facing? W ...
Benefit Bulletin: July 2022 – First Hurdle to Fixing Social Security? Every Member of Congress
Rick Delaney, TSCL Chairman of the Board When it comes to fixing Social Security, Congress has no success stories. The job of bringing Social Security into balance, involves cutting benefits or raising taxes, and in ...
Can Inflation Be a Good Thing If It Means a High Social Security COLA?
By Mary Johnson, editor Is inflation ever a good thing if it means getting a high cost-of-living adjustment (COLA)? The person asking me that question could be forgiven since that young adult had never experienced in ...
HHS Office of Inspector General Says Medicare Advantage Plans Often Deny Medically Necessary Care
Every year, tens of thousands of Medicare beneficiaries who are enrolled in private Medicare Advantage health plans are denied medically necessary care that otherwise would have been covered by traditional fee-for-servic ...
Social Security Benefits Lose 40% of Buying Power
Soaring inflation has caused Social Security benefits to lose 40% of their buying power since the year 2000 according to the latest update of an ongoing study by TSCL. Purchasing power plummeted by 10 full percentage po ...
Congressional Corner: One of the Worst Crises Facing Seniors, Is Not Getting Enough Discussion
By Representative Andre Carson, (IN, 7th) One of the greatest crises facing seniors in America, which is frankly not talked about enough, is food insecurity. A study in 2019 found that 5.2 million Americans over the ...
Ask the Advisor: June 2022
Q: The Federal Reserve increased interest rates “to put the brakes on inflation.” How does that work? Wouldn’t I pay higher costs when credit card companies raise interest rates? A: TSCL believes that putting th ...
Best Ways to Save: June 2022
Five Ways to Save When Everything Is Going Up By Mary Johnson, editor With persistent inflation around 8.5%, a historic 40-year high compared to a year ago, everyone is looking for ways to reduce costs and save mon ...
Legislative Update: June 2022
High Inflation Could Lead to Higher Taxes for Social Security Recipients By Doug Osborne, Legislative Liaison The next tax season could be a difficult one for many unsuspecting older taxpayers. TSCL believes many ...
Benefit Bulletin: June 2022
Staffing Shortages at Long Term Care Facilities May Not Recover Quickly By Rick Delaney, Chairman of the Board The annual average price of a semi-private room in a nursing home in 2020 was about $95,000 at the star ...
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