By Susan Stewart, Licensed Insurance Agent I lived in England for 10 years, worked, got a driver's license, joined a book club, and needed medical care. Here are facts and observations written from the point of obs ...
Category: Cost of Living Adjustment (COLA) Articles
Legislative Update: Adjusted Social Security Benefits Face Long Delay
By Daisy Brown, Legislative Liaison, TSCL The Social Security Fairness Act, signed into law by former President Biden in January, will raise benefits for 3.2 million Americans who receive pensions for work that Social ...
Did You Know About This Resource to Help Care for Loved Ones With Dementia?
By Alex Moore Dementia affected more than 6.7 million Americans in 2023, according to the Centers for Medicare and Medicaid Services (CMS), with 14 million projected cases by 2060. The disease is brutal, not just for ...
Medicare Starts Punishing Pharma Price Gougers
By Alex Moore Medicare just punished drug companies for increasing the price of medicine faster than inflation. The Centers for Medicare and Medicaid Services (CMS) identified 64 drugs whose prices outpaced inflation ...
Benefits Bulletin: How Much Would Seniors Save If the U.S. Eliminates Taxes on Social Security Income
By Edward Cates, Chair, TSCL President Trump laid out a major new policy proposal in December on his social media platform, Truth Social. “SENIORS SHOULD NOT PAY TAX ON SOCIAL SECURITY!” he wrote, suggesting that he w ...
Biden Proposal to Expand Medicare Access to Weight Loss Drugs Hangs in the Balance
By Alex Moore In November, former President Biden proposed expanding anti-obesity drugs, like Wegovy, for people with Medicare and Medicaid coverage. These drugs are currently only covered for people who use them to t ...
Tax Season and Your Social Security Benefits
By Edward Cates, Chairman, TSCL It’s already February, which means that this year’s tax deadline of April 15 is just a few short weeks away. For many Social Security recipients, especially people who have just starte ...
Cost-of-Living Adjustment for 2024 Could Be 3.1%
Press Briefing 5.10.23 Research on the buying power of Social Security benefits by The Senior Citizens League (TSCL) confirms that inflation is moderating. But a lower inflation rate has not necessarily meant that pri ...
How Long Will Inflation Continue? Expect to See Rising Costs in These Five Categories
By Mary Johnson, editor Will the 5.9% cost-of-living adjustment (COLA) be enough to meet rising costs in 2022? Will Social Security recipients receive a big enough boost next year in order to afford groceries for the ...
Part B Premiums Rise 14.5%— Social Security 5.9%
In January, the Social Security checks of more than 69 million beneficiaries will rise by 5.9%. That cost- of - living adjustment (COLA) will increase an average monthly retiree benefit of $1,565 by $92 per month — far ...
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