Rising household costs and record low cost-of-living adjustments (COLAs) in recent years are eroding the buying power of more than 57 million Social Security recipients. In fact, Social Security benefits have lost 23% o ...
Category: Issues
The Big Issue: High Prescription Drug Costs
Eighty-five percent of older voters think Medicare should be allowed to negotiate drug prices, like it does for all other medical services, according to TSCL’s 2016 Senior Survey. Prescription drugs are one of the faste ...
Benefit Bulletin: August 2016
78% Of Older Voters Support Strengthening Social Security By Raising Payroll Taxes Voters have opposed benefit cuts in the past as a way to fix Social Security. But TSCL’s new 2016 Senior Survey found that older voter ...
Q & A: August 2016
Do I Have To Give Up My Current Healthcare Coverage To Go On Medicare? Q: I turn 65 next year, and have very good healthcare coverage through my husband’s employer. I need Humira for rheumatoid arthritis. The drug re ...
Why Expand Social Security Now? Medicare Costs Taking Bigger Share Of Social Security Benefits
(Washington, DC) –Medicare costs are taking an increasing share of the Social Security benefits of retirees far more quickly than experts predict, according to a new survey from The Senior Citizens League (TSCL). Forty- ...
Healthcare Costs Taking Bigger Share of Social Security Benefits
By Mary Johnson, editor The number of retirees reporting that Medicare costs are consuming more than one-third of their Social Security benefits appears to be growing more rapidly than experts ever expected. This has b ...
Q & A: July 2016
Is There A Good Reason To Take Social Security Early? Q: I turn 62 this year. My spouse is 65 and still working. I’ve thought about delaying my Social Security benefit to let it grow, but a publication from the Socia ...
Ask the Advisor: July 2016
I Inherited An IRA From My Dad - How Does That Affect My Taxes? Q: I inherited an IRA from my dad worth roughly $232,000. I’m 65, and receive Social Security. Can you tell me what effect this will have on my taxes? W ...
Benefit Bulletin: July 2016
Family Caregivers Need Credit At age 62, Susan Gross of Barboursville, Virginia, is nearing retirement age, but has no plans to stop working yet. High prescription costs and the need to provide care for a disabled adu ...
What Was The Fastest Growing Retiree Cost In 2015? Hint: Not Prescriptions!
Older Americans are going without a cost-of-living adjustment (COLA) in 2016 due to lower inflation last year, but lower inflation didn’t translate into lower household expenses for retirees in 2015. In fact, nearly 1,20 ...
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