More Older Adults Carrying Debt In Retirement. Medical Costs to Blame. By Rick Delaney, Chairman of the Board, TSCL Retirees are carrying more debt than ever before, and high medical costs are often to blame. The ...
The “Medicare Tax” That Never Made It To The Medicare Trust Fund
By Mary Johnson, editor The last time the Medicare Part A Trust Fund (hospital insurance) was forecast to become insolvent was in 2009. At the time, the Part A Trust Fund was forecast to become insolvent by 2017. Luck ...
How Much Will Medicare Beneficiaries Spend On Healthcare Costs This Year?
According to TSCL’s 2021 study of typical retiree costs, the average Medicare recipient can expect to spend more than $1,000 per month on healthcare costs this year. Considering that the average retiree benefit is just ...
Congressional Inaction Could Lead to Show Down Over Social Security Benefits
With unemployment still 5.4%, and less payroll tax revenue to finance the benefits of swelling Social Security rolls, how is the program’s financing faring during our 2021 economic recovery? The Social Security Trustees ...
Congressional Corner: Protecting Against A New Wave of Senior Scams
By Representative Karen Bass (CA-37) When the pandemic hit early last year, seniors became more susceptible than ever to scams, because of the increased digitization of our daily lives. Newly-available resources are ...
Frequently Asked Question: July 2021
Does Congress Plan to Fix An Impending Social Security Cut? Q: Have you heard anything about congress fixing a Social Security cut for those of us born in 1960? — K.S. A: TSCL has been getting a steady stream of ...
Q & A: July 2021
How Much Would Delaying Retirement After Full Retirement Age Increase My Benefit? Q: How much would delaying retirement benefits after my full retirement age be worth? I turn 66 in August. A: Data indicates tha ...
Ask the Advisor: July 2021
What Happened to Legislation to Cut Prescription Drug Costs? Q: What is the status of legislation to lower prescription drug costs? I thought this Congress had made cutting the cost of prescription drugs a priority. ...
Legislative Update: July 2021
Bipartisan Plan to Fix Social Security and Medicare Introduced. By Shannon Benton, Executive Director Most older Americans have one question when it comes to their Social Security and Medicare benefits: Will my ...
Benefit Bulletin: July 2021
Social Security Benefits Slowed Amid COVID-19 Deaths Rick Delaney, Chairman of the Board, TSCL The rate of growth in the number of older Americans who receive Social Security has slowed sharply recently, and the dr ...
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