Can Drug Plans Drop Coverage Of Brand Drugs Mid Year? Q: My 2021 Part D plan dropped my brand drug from its formulary. Are drug plans allowed to do this? If the generic doesn’t work for me, am I allowed to change p ...
Ask the Advisor: August 2021
Q: Why Can’t Legal Guardians Receive Social Security Benefits on Behalf of Grandchild? Q: We are raising our 6-year-old grandson under permanent court ordered guardianship to age 18. However, we are not allowed an a ...
The “Medicare Tax” That Never Made It To The Medicare Trust Fund
By Mary Johnson, editor The last time the Medicare Part A Trust Fund (hospital insurance) was forecast to become insolvent was in 2009. At the time, the Part A Trust Fund was forecast to become insolvent by 2017. Luck ...
How Much Will Medicare Beneficiaries Spend On Healthcare Costs This Year?
According to TSCL’s 2021 study of typical retiree costs, the average Medicare recipient can expect to spend more than $1,000 per month on healthcare costs this year. Considering that the average retiree benefit is just ...
Congressional Inaction Could Lead to Show Down Over Social Security Benefits
With unemployment still 5.4%, and less payroll tax revenue to finance the benefits of swelling Social Security rolls, how is the program’s financing faring during our 2021 economic recovery? The Social Security Trustees ...
Frequently Asked Question: July 2021
Does Congress Plan to Fix An Impending Social Security Cut? Q: Have you heard anything about congress fixing a Social Security cut for those of us born in 1960? — K.S. A: TSCL has been getting a steady stream of ...
Ask the Advisor: July 2021
What Happened to Legislation to Cut Prescription Drug Costs? Q: What is the status of legislation to lower prescription drug costs? I thought this Congress had made cutting the cost of prescription drugs a priority. ...
Benefit Bulletin: July 2021
Social Security Benefits Slowed Amid COVID-19 Deaths Rick Delaney, Chairman of the Board, TSCL The rate of growth in the number of older Americans who receive Social Security has slowed sharply recently, and the dr ...
Your Social Security Benefits Buying Less
By Mary Johnson, editor Rapidly climbing prices for consumer goods and services are making financial choices for older adults especially challenging this year. But eventually, these higher prices might mean a higher ...
Medicare Advantage Plans Overbill Medicare
A Humana Medicare Advantage plan in Florida improperly collected nearly $200 million in payments in 2015 by overstating how sick some of its enrollees were. A new audit by the Department of Health and Human Services Off ...
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