Edward Cates, Chairman of the Board, TSCL Looking for an extra $300 next year? Beneficiaries participating in the Medicare Extra Help program in 2024 can look forward to an estimated $300 in extra savings on drug cost ...
Author Archives: georgette
Have Retirees “Recovered” This Year? Help Answer This!
Mary Johnson, editor What happens to people living on Social Security when inflation cools? Can retirees “recover” from the effects of inflation? I get this question from journalists every month. Is inflation somethin ...
Ask the Advisor: September/October 2023
What Would The Income Thresholds Be If The Tax On Social Security Benefits Was Adjusted For Inflation Like Tax Brackets? Q: I support TSCL’s efforts to enact legislation to adjust the income thresholds that cause a po ...
Best Ways to Save: September/October 2023
Your Social Security Income Rose by 8.7% This Year — Will It Impact Your Taxes Next April? You’ve heard the claim: “Seniors don’t pay income taxes after age 70!” This is a bunch of baloney, so press the mute butt ...
Legislative Update: Low-Income Seniors At Risk of Losing Medicaid Coverage As States Trim Rolls
By Daisy Brown, TSCL Legislative Liaison Millions of the lowest–income and most vulnerable older Americans are undergoing an unprecedented nationwide review of Medicaid enrollees. Every state in the nation has been tr ...
Benefit Bulletin: More Older Americans Are Living In Poverty, Here’s How We Can Fix That
Edward Cates, Chairman of the Board, TSCL Poverty has increased among Americans aged 65 and up. According to the most recent U.S. Census Bureau data, it grew from 8.9% in 2020 to 10.3% in 2021. TSCL was concerned to l ...
Cost of Living Adjustment For 2024 Likely To Be 3%
By Mary Johnson, editor Inflation is now at its lowest point in the past year. I’m overjoyed to see the price of eggs come down, although we still haven’t gotten back to $1.20 per dozen yet. One long-time neighbor of ...
Ask The Advisor: July/August 2023
Q: How would cost of living adjustments be affected if Congress used the Consumer Price Index for the Elderly instead of the one currently used? A: One of TSCL’s top legislative priorities is to work with Congress to ...
Medicare Costs Can Take Surprising Portion of Household Budget
Many new Medicare beneficiaries are surprised by the amount of household spending that gets gobbled up by Medicare premiums, out-of-pocket costs, and uncovered care. Those healthcare costs tend to be among the fastest - ...
The Law That Would Prohibit Payment of Your Full Social Security Benefits.
The Social Security Trust Funds are estimated to have enough revenue to pay scheduled benefits on time and in full for the next ten years. Yet apprehension over the potential for a national debt default and the potential ...