What Is The Financial Impact of Widowhood? Q: What is the financial impact of widowhood? I became a widow in 2019 and within days, Social Security notified me that I would receive my husband's benefit but would also ...
Legislative Update: October/November 2021
Provision Allowing Medicare To Negotiate Drug Prices Part Of Reconciliation Legislation, But Fate Not Certain By Shannon Benton, Executive Director Prescription drug costs are a major concern for retired and disabl ...
Benefit Bulletin: October/November 2021
Should Congress Consider A Special Stimulus Check For Seniors? By Rick Delaney, TSCL Chairman Meeting even routine household expenses has been a big challenge for older households, even prior to the COVID-19 pandem ...
How a High COLA Really Impacts Social Security Income
By Mary Johnson, editor Now that the Social Security Administration has confirmed that Social Security benefits will increase by 5.9% in January of 2022, what’s next? Several factors play an important role in determi ...
Buying Power of Social Security Benefits Plummets in 2021
Soaring inflation has deeply weakened the purchasing power of Social Security benefits in 2021, according to TSCL’s latest update on rising senior costs. The study, which compares the growth in the Social Security cost- ...
Social Security Benefits to Increase 5.9% for 2022
Social Security recipients will receive a 5.9 % cost-of-living adjustment (COLA) effective January 2022 — the highest in 40 years. The high COLA comes as more than 62 million retired and disabled Americans have spent mu ...
Frequently Asked Questions (FAQ): September 2021
How Does TSCL Project the Social Security COLA? Q: I would like to know how, at this point, you project a Social Security COLA at 6.1%. Inflation would have to continue on an upward path through September for that to ...
Q & A: September 2021
Why Does My Doctor’s Office Need to Call My Insurer Before Scheduling a CT Scan? Q: My pulmonologist ordered a CT scan, but the person scheduling appointments said they first had to check my insurance. Is this correc ...
Ask the Advisor: September 2021
Could the Social Security COLA Be More Fairly Adjusted to Provide a Fixed Annual Dollar Amount? Q: Could the annual Social Security cost-of-living adjustment be more fairly adjusted to provide a fixed annual dollar a ...
Legislative Update: September 2021
Senate Haggles Over How to Pay for Adding Popular Benefits to Medicare By Shannon Benton, Executive Director Senate Democrats have committed to adding dental, vision, and hearing care to Medicare, in addition to ex ...
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