By Alex Moore As you probably already know, Social Security is funded by a payroll tax. The rate is currently 12.4 percent, with employees and employers each paying 6.2 percent of wages up to the taxable maximum of $1 ...
Category: Uncategorized
What’s a MOOP?
By Susan Stewart, Licensed Insurance Agent MOOP stands for Maximum Out of Pocket. As a licensed insurance agent, I’m required to quote it to my clients when I help them pick an insurance plan, but people often struggl ...
Biden Proposal to Expand Medicare Access to Weight Loss Drugs Hangs in the Balance
By Alex Moore In November, former President Biden proposed expanding anti-obesity drugs, like Wegovy, for people with Medicare and Medicaid coverage. These drugs are currently only covered for people who use them to t ...
Tax Season and Your Social Security Benefits
By Edward Cates, Chairman, TSCL It’s already February, which means that this year’s tax deadline of April 15 is just a few short weeks away. For many Social Security recipients, especially people who have just starte ...
Social Security Fairness Act Passes the Senate After Grueling Process
By Daisy Brown, Legislative Liaison, TSCL Seniors have cause to rejoice. The Social Security Fairness Act, a bipartisan bill long in the making, finally passed the U.S. Senate and was signed by the President on Januar ...
Best Ways to Save: Refresh Your Wardrobe With Online Consignment Stores
By Alex Moore The typical senior household spends nearly 2 percent of its budget on clothing and apparel, according to the Bureau of Labor Statistics. That isn’t all seniors, though. Aging fashion-lovers often spend m ...
On Providers Changing Networks
By Susan Stewart, Licensed Insurance Agent Medicare Open Enrollment has ended for 2025, and one of the biggest challenges I’ve seen across all 37 states I’m licensed in this year is providers, including primary care p ...
Medicare to Begin Covering Traditional Health Practices for Native Americans
By Alex Moore According to the Centers for Medicare & Medicaid Services (CMS), American Indians and Alaska Natives experience severe health disparities compared to the general U.S. population and are more likely t ...
COLA Would be Higher With a Better Index
By Edward Cates, Chairman, TSCL This October, the Social Security Administration announced that the 2025 COLA, implemented this month, would be 2.5 percent. This increase is the average yearly inflation for the third ...
Initial Prediction for 2026 COLA: 2.5%
For Immediate Release: December 11, 2024 Initial Prediction for 2026 COLA: 2.5% The Senior Citizen’s League (TSCL) predicts that the 2026 COLA will come in at 2.5%, based on the latest Bureau of Labor Statistics d ...