Press Briefing 3.7.23 The Medicare Tax That Never Made It ...
Category: News
Retirees Worried Their COLA Will Fall Short This Year
A new survey by The Senior Citizens League (TSCL) suggests that fifty-four percent of older consumers remain unconvinced that their 8.7 percent Social Security cost-of-living adjustment (COLA) will keep pace with rising ...
Medicare Will Cap Insulin At $35 Per Month, But Is Your Prescription Still Covered By Your Plan? Better Check!
(Washington, DC) – The recently enacted Inflation Reduction Act requires Medicare Part D plans to cap insulin costs at $35 per month per covered prescription starting in 2023, but to get the savings, diabetic Medicare be ...
Social Security Benefits Lose 40% of Buying Power COLA for 2023 Could Be 8.6%
(Washington, DC) – High inflation has caused Social Security benefits to lose 40 percent of their buying power since the year 2000 according to the latest update of an ongoing study by The Senior Citizens League (TSCL). ...
43% of Older Households Face Higher Debt Costs as Fed Moves to Raise Interest Rates
Washington, DC) – The cost of borrowing will be getting more expensive for about 43 percent of older households who carry debt on consumer credit cards, according to a new survey by The Senior Citizens League (TSCL). “Cr ...
Half of All Social Security Households May Pay Tax on Benefits
Washington, DC) – Almost half of all households that receive Social Security benefits might pay taxes this year on a portion of their benefits, according to a national survey by The Senior Citizens League (TSCL). “Maki ...
Medicare Owes Beneficiaries A Refund
Washington, DC) – Medicare beneficiaries may have grounds to ask for a refund on a portion of their 2022 Part B premiums, according to The Senior Citizens League (TSCL). “It appears that Medicare is overcharging 57 milli ...
Medicare Part B Premium Jumps 14.5% Biggest Increase Since 2016
Washington, DC) – A 14.5 percent jump in the Medicare Part B premiums for 2022 spells trouble ahead for beneficiaries wondering where the money will come from to pay all the bills, warns The Senior Citizens League (TSCL) ...
5.9% COLA Welcome, Inflation Likely To Continue to Erode Social Security Buying Power in 2022
(Washington, DC) – Retired and disabled Social Security recipients are anxiously looking forward to the largest cost of living adjustment (COLA) since 1982, according to The Senior Citizens League (TSCL). “This would be ...
Update: Social Security Benefits Lose 32 Percent of Buying Power
(Washington, DC) – Consumer price index data through August 2021 indicates that the 2022 COLA will likely be about 6 percent. But soaring inflation this year has deeply eroded the buying power of Social Security benefi ...
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