My Part D Premium Went Up By 48%.  Does Medicare Allow This? Q: My Part D plan premium went up by 48% in 2024. I remember reading that the new Inflation Reduction Act restricted the amount that our drug plan premiums ...

Although Medicare often comes with high out-of-pocket costs, you might be able to mitigate the hit to your finances by itemizing those medical expenses on your federal income taxes to lower your tax bill. Taxpayers are a ...

The number of older Americans who pay federal income tax on their Social Security benefits is rapidly growing, according to recent surveys by TSCL. Twenty-three percent of participants in TSCL’s latest Retirement Survey ...

A $1,400 stimulus check for each Social Security recipient is a top legislative goal for TSCL in 2024. While hundreds of thousands of older Americans have signed our petitions in support of such legislation, some critics ...

More than two-thirds of older adults participating in TSCL’s latest Retirement Survey say their monthly budget for essential items such as housing, food, and prescription drugs was 10 percent higher than in the fall of 2 ...

Social Security Benefit Cuts Don’t Add Up By Daisy Brown, TSCL Legislative Liaison The claim that Social Security cost-of-living adjustments (COLAs) must be cut to prevent the program’s impending bankruptcy is unli ...

Edward Cates, Chairman of the Board, TSCL The House Subcommittee on Social Security recently learned that about 1 million people a year have received letters from the Social Security Administration (SSA) stating that ...

By Mary Johnson, editor As the debate over Social Security and Medicare deficits starts to simmer, those of us of a certain age are hearing that “Boomers have it made!” Some say that Social Security is going bankrupt, ...

What Type Of Income Causes Reductions To Social Security Benefits? Q: I received a notice that I earned more than the Social Security earnings limit, and now my Social Security benefits have been reduced. What type of ...

Social Security benefit cuts are the top retirement concern of 58% of all participants in TSCL’s most recent Retirement Survey. There’s good reason to be worried. The new House Speaker, Representative Mike Johnson (LA-4) ...