By Mary Johnson, editor Recently we asked for your stories and comments on how rising prescription drug costs impact you. The following story illustrates new administrative efforts by Medicare to “educate” beneficiaries ...
Author Archives: georgette
COLA for 2020 May Be Zero. No, This is Not Normal!
At 2.8%, the annual cost-of-living adjustment (COLA) that Social Security beneficiaries received in 2019 was the highest in seven years. The average monthly retiree benefit of $1,425 increased by almost $40, but since O ...
Are These Annual Rx Prices Higher Than Your Entire Retirement Savings?
The total cost for a single year of treatment with the nation’s most expensive specialty drugs can cost more than the entire retirement savings for many retirees. The annual cost of the cancer drug Idhifa, for example, ...
What Striking Down Obamacare Could Mean For Medicare
The recent decision by a federal judge in Texas to declare Obamacare unconstitutional is likely to become the center of a lengthy legal battle that could reach the Supreme Court. If the decision to strike down Obamacare ...
Higher Taxation of Social Security Among Options to Reduce the Deficit
The Congressional Budget Office (CBO) recently reviewed a proposal that would boost the taxable amount of Social Security benefits, as one of the options for Congress to consider to reduce the federal deficit. The propo ...
67% of Older Americans Support Eliminating Social Security’s Waiting Periods
More than 10,000 people died waiting for a disability decision from the Social Security Administration in 2017. The rising death toll coincides with the growing backlog of people awaiting a decision about their eligibil ...
Can We Depend On the Social Security Trust Fund?
Mary Johnson, editor Since enactment 84 years ago, Social Security has been the most reliable source of retirement income that most retirees have. That said, our current Social Security program has a funding imbalanc ...
Benefit Bulletin: February/March 2019
Proposal Would Reduce Widows’ Poverty When a spouse passes away, widows are more much more vulnerable to poverty than married women. The poverty rate for widows ages 65 and up is three times higher than it is for ma ...
Legislative Update: February/March 2019
TSCL’s Board of Trustees Visits Capitol Hill By Jessie Gibbons, Legislative Director In December — just before the 115th Congress came to a close — The Senior Citizens League’s (TSCL’s) Board of Trustees member and ...
Best Ways to Save: February/March 2019
How Would You Document Your Losses After a Catastrophe? It’s the one thing that every person who has been through a fire, flood, tornado hurricane or other major disaster wish they had. Every firefighter and first res ...
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