Can Drug Plans Drop Coverage Of Brand Drugs Mid Year? Q: My 2021 Part D plan dropped my brand drug from its formulary. Are drug plans allowed to do this? If the generic doesn’t work for me, am I allowed to change p ...
Ask the Advisor: August 2021
Q: Why Can’t Legal Guardians Receive Social Security Benefits on Behalf of Grandchild? Q: We are raising our 6-year-old grandson under permanent court ordered guardianship to age 18. However, we are not allowed an a ...
Best Ways to Save: August 2021
Safe, Affordable Housing Can Be Hard to Obtain For Many Older Adults to Find Over the next 10 years, the size of the age 65 and older population is projected to grow by 17 million. By 2030, an estimated 1 in 5 Americ ...
Legislative Update: August 2021
Questions To Ask At Your Next Town Hall By Shannon Benton, Executive Director During the month of August, Congress is in recess and many Members plan town halls to meet with constituents. We encourage you to atten ...
Benefit Bulletin: August 2021
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 ...
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