(Washington, DC) Social Security benefits have lost 33 percent of buying power since 2000, according to the latest Social Security Loss of Buying Power Study released today by The Senior Citizens League. “One would thi ...
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Millions of Retirees Could See Entire COLA Swallowed by Medicare Part B Increase Next Year
(Washington, DC) – In their new report, Medicare Trustees forecast a higher rate of growth in Part B premiums next year, which could put millions of low benefit Social Security recipients at risk of seeing the deductio ...
New Tax Law Had Little Effect on the Number of Retirees Who Pay Taxes on Social Security Benefits
(Washington, DC) The new tax law appears to have had little to no effect on relieving the taxation of the Social Security benefits received by retired taxpayers, according to early results of a new survey by The S ...
16 Percent of Medicare Part D Enrollees May Be at Risk of Hitting the Doughnut Hole in 2019
(Washington, DC) – About 16 percent of Medicare beneficiaries report out-of-pocket spending on prescription drugs high enough to put them at risk of hitting the Part D doughnut hole in 2019, according to an early samplin ...
Social Security Bill in Congress Has Strong Support Amongst Older Americans
(Washington, DC) Provisions of a Social Security bill that’s getting consideration in the U.S. House of Representatives have widespread support from retirees, according to a new poll by The Senior Citizens League (TSCL) ...
Despite Tax Overhaul Social Security Benefits Are Still Taxable
(Washington, DC) While the 2017 “Tax Cut and Jobs Act” is expected to lower taxes for many taxpayers, it doesn’t address a feature of the tax law that takes a cut of Social Security income from a growing number of older ...
New Tax Law Uses Backdoor Method To Increase Taxes $134 Billion
(Washington, DC) – The 2017 “Tax Cut and Jobs Act” uses an alternate measure of inflation that will increase what people pay in taxes in coming years, warns The Senior Citizens League. The new tax law adjusts the tax co ...
Expiring Medicare Part D Doughnut Provision Will Impact Beneficiaries With Highest Drug Costs
NEWS RELEASE January 15, 2019 (Washington, DC) An expiring provision of law that affects what Medicare Part D beneficiaries must spend out-of-pocket will significantly increase the financial burden of people with ...
Retirees’ Secret Christmas Wish — Keeping Warm This Winter Home Heating Costs 26.2% More for the 2018–2019 Season New List of Rising Retiree Costs From The Senior Citizens League
(Washington, DC) Gift certificates for home-heating oil are likely to be among the most appreciated gift you can give this holiday, says The Senior Citizens League. “That’s because it will cost many Americans roughly 26 ...
Tax Cuts to Expire Affects People With the Highest Healthcare Costs
(Washington, DC) – One of the first tax cuts to expire under the recent tax law is likely to disproportionately affect older taxpayers and others with the highest healthcare costs starting in 2019, says The Senior Citize ...
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