By Mary Johnson, editor The coronavirus is creating especially challenging long-term impacts for the nation’s retirees. Coronavirus - caused deflation will likely obliterate the Social Security cost-of-living adjustm ...
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Are You Affected by High Out of Pocket Costs For COVID-19?
Older adults are at particularly high risk for serious illness with the coronavirus, and almost everyone age 65 and older is covered by Medicare. Healthcare policy experts are closely watching how unanticipated increase ...
Deflation Signals Zero COLA For 2021, Benefits Lose 30% Of Buying Power
Social Security benefits have lost 30 percent of buying power since 2000. These are the findings of an annual TSCL study that examines the adequacy of Social Security benefits in keeping up with the rising costs typical ...
Q & A: June 2020
Should She Sign Up For Unemployment or Disability? Q: My mom has Parkinson’s disease, but was still working until the coronavirus forced her company to shut down indefinitely. She has applied for partial unemployment ...
Ask the Advisor: June 2020
Help! My Insulin Costs Skyrocketed. Health Plan Blames Covid-19! Q: My prescription for Lantus and blood pressure medicine has skyrocketed recently. When I called Humana, they said they are dealing with Covid-19, ...
Congressional Corner: Planning for the Future
By Representative Brad Wenstrup (OH-2) As of 2019, one quarter of American adults had no retirement savings at all. Only 36 percent of non-retired American adults think that “their retirement saving is on t ...
Legislative Update: June 2020
How The Coronavirus Affects Your Prescription Drug Supply Shannon Benton, Executive Director As the U.S. anxiously awaits the development of a vaccine for the coronavirus, worry about potential shortages of common ...
Benefit Bulletin: June 2020
Medicare Premiums Could Spike Due to Coronavirus By Rick Delaney The coronavirus has hit older Americans particularly hard and sent tens of thousands of Medicare recipients to hospital emergency rooms and intensive ...
What Are Your Fastest Rising Costs?
Mary Johnson, editor Every year, I take a look at how the Social Security cost of living adjustment (COLA) compares with the rise in average retiree costs. Data that I collect for my report on the buying power of Soc ...
A Coronavirus Caused Recession Could Eliminate Next Year’s COLA
Older Americans have the highest health risk from the coronavirus and now the coronavirus-caused economic recession, along with falling oil prices, put the next Social Security cost-of-living adjustment (COLA) in jeopard ...
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