Do You Know the Costs of Providing Care at Home? Here’s a List From Someone Who Knows Most older adults want to age in place and stay in their own homes as they grow older. But doing so takes a major commitment on t ...
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 Premium Increase Of 14.5% One of Highest On Record
Although the annual cost-of-living adjustment (COLA) will increase benefits by 5.9% in 2022 — the highest inflation adjustment in 40 years — the Medicare Part B premium increase is still rapidly outpacing the COLA percen ...
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 ...
Legislation Recently Endorsed By TSCL: Protecting Patients with Pre-Existing Conditions & Improving Medigap Coverage
From the office of Representative Lloyd Doggett (TX-35) Legislation that would prohibit discriminatory pricing and coverage denials for patients seeking supplemental Medigap coverage was recently introduced by Represe ...
Q & A: October/November 2021
Should I Replace My Medigap Insurance? Q: What’s the best way to compare what I currently spend on my Medigap supplement and Part D plan with the costs I would pay in a Medicare Advantage plan? My Medigap premium ha ...
Ask the Advisor: October/November 2021
What Is The Financial Impact of Widowhood? Q: What is the financial impact of widowhood? I became a widow in 2019 and within days, Social Security notified me that I would receive my husband's benefit but would also ...
Benefit Bulletin: October/November 2021
Should Congress Consider A Special Stimulus Check For Seniors? By Rick Delaney, TSCL Chairman Meeting even routine household expenses has been a big challenge for older households, even prior to the COVID-19 pandem ...
How a High COLA Really Impacts Social Security Income
By Mary Johnson, editor Now that the Social Security Administration has confirmed that Social Security benefits will increase by 5.9% in January of 2022, what’s next? Several factors play an important role in determi ...
Buying Power of Social Security Benefits Plummets in 2021
Soaring inflation has deeply weakened the purchasing power of Social Security benefits in 2021, according to TSCL’s latest update on rising senior costs. The study, which compares the growth in the Social Security cost- ...
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