(Washington, DC) – In their new report, Medicare Trustees forecast a higher rate of growth in Part B premiums next year, which could put millions of low benefit Social Security recipients at risk of seeing the deductio ...
Category: News
New Tax Law Had Little Effect on the Number of Retirees Who Pay Taxes on Social Security Benefits
(Washington, DC) The new tax law appears to have had little to no effect on relieving the taxation of the Social Security benefits received by retired taxpayers, according to early results of a new survey by The S ...
16 Percent of Medicare Part D Enrollees May Be at Risk of Hitting the Doughnut Hole in 2019
(Washington, DC) – About 16 percent of Medicare beneficiaries report out-of-pocket spending on prescription drugs high enough to put them at risk of hitting the Part D doughnut hole in 2019, according to an early samplin ...
Despite Tax Overhaul Social Security Benefits Are Still Taxable
(Washington, DC) While the 2017 “Tax Cut and Jobs Act” is expected to lower taxes for many taxpayers, it doesn’t address a feature of the tax law that takes a cut of Social Security income from a growing number of older ...
New Tax Law Uses Backdoor Method To Increase Taxes $134 Billion
(Washington, DC) – The 2017 “Tax Cut and Jobs Act” uses an alternate measure of inflation that will increase what people pay in taxes in coming years, warns The Senior Citizens League. The new tax law adjusts the tax co ...
Expiring Medicare Part D Doughnut Provision Will Impact Beneficiaries With Highest Drug Costs
NEWS RELEASE January 15, 2019 (Washington, DC) An expiring provision of law that affects what Medicare Part D beneficiaries must spend out-of-pocket will significantly increase the financial burden of people with ...
Retirees’ Secret Christmas Wish — Keeping Warm This Winter Home Heating Costs 26.2% More for the 2018–2019 Season New List of Rising Retiree Costs From The Senior Citizens League
(Washington, DC) Gift certificates for home-heating oil are likely to be among the most appreciated gift you can give this holiday, says The Senior Citizens League. “That’s because it will cost many Americans roughly 26 ...
Medicare Recipients Can Be Denied Supplemental Medigap Coverage
(Washington, DC) Older adults who are considering dropping their Medicare Advantage plan to return to “traditional” Medicare and a supplemental Medigap policy are urged to get counseling before canceling their health pl ...
Why You Should Compare Medicare Drug Plans
(Washington, DC) – A new analysis of the highest and lowest prices of ten of the most frequently prescribed brand name drugs found extreme price variations among Medicare Part D drug plans, according to a new analysis re ...
What the Social Security Trust Fund Is Missing From Top Paid U.S. CEOs
(Washington, DC) A new analysis from The Senior Citizens League takes a look at what the Social Security Trust Fund might collect in payroll tax revenues from just a few of the highest paid U.S. workers. “In a samp ...
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