By Mary Johnson, editor The Centers for Medicare and Medicaid Services recently announced that the standard Medicare Part B premium will be $148.50 in 2021, an increase of $3.90 per month from $144.60 in 2020. That i ...
Category: Issues
How Has The Recession Affected Funding For Your Social Security and Medicare Benefits?
The Senior Citizens League is closely paying attention to recent reports from the U.S. Congressional Budget Office, and economic policy groups such as the Bipartisan Policy Center. These reports confirm that the insolve ...
TSCL Plays Role in Preventing Part B Premium Spike in 2021
The annual Social Security cost of living adjustment (COLA) is just 1.3% this year, making it one of the lowest ever paid. But the standard monthly Medicare Part B premium increased by a modest $3.90, from $144.60 to $1 ...
What’s Missing From Your Social Security Check? For Many — $247
By Mary Johnson, editor The announcement of the annual Social Security cost-of-living adjustment (COLA) for the following year is like watching Charlie Brown trying to kick a football. Charlie Brown, our beloved cart ...
New Legislation Limits Stiff Increase Expected for 2021 Medicare Part B Premium
With Medicare outlays spiraling due to outlays for COVID-19, Congress recently passed legislation to head off an expected Part B premium spike, by restricting the increase for 2021. TSCL has been warning about the poten ...
Social Security Announces 1.3% COLA For 2021, One of Lowest Ever Paid
Social Security recipients will receive an annual inflation boost of just 1.3% in 2021. The increase is so small, it’s one of the lowest on record. The 2021 cost of living adjustment (COLA) will increase the average re ...
Benefit Bulletin: September 2020
Low-Income Health Programs, Working and Laid Off Workers Take the Biggest Hit When Medicare Part B Premiums Spike By Rick Delaney, Chairman of the Board In years when there has been no, or almost no cost-of-living ...
An Emergency 2.5% COLA Could Add $5,000 To Your Social Security Income Over the First Ten Years
By Mary Johnson, editor Use of a consumer price index (CPI) that does not reflect the costs experienced by retirees to calculate the annual cost of living adjustment (COLA) suppresses the amount of lifetime Social Sec ...
Low COLA & COVID-19 Costs Could Trigger A Medicare Premium Spike
When the Social Security Administration announced that the cost-of-living adjustment (COLA) for 2016 would be zero, a stunning thing occurred. The Medicare Trustees projected that the monthly Part B premium would increa ...
Retirement Benefits Could Be Subject To “Inaccurate CPI Information”
TSCL is forecasting a 1.3% Social Security cost-of-living adjustment (COLA) for 2021. Our forecast is based on the most recent consumer price data from the U.S. Bureau of Labor Statistics (through August) and uses the s ...
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