Prescription drug provisions in the Inflation Reduction Act of 2022 make major changes to Medicare Part D prescription drug costs. The legislation caps spending on out-of-pocket costs for covered drugs at $2,000 starting ...

According to the most recent consumer price data, your Social Security cost-of-living adjustment (COLA) will likely be around 3.2% next year. That’s lower than the 5.9% received in 2022, and the 8.7% COLA received this y ...

By Daisy Brown, TSCL Legislative Liaison A key deadline is looming for Social Security. Benefits may be reduced by around 22% in the next decade unless Congress takes action to fix Social Security’s finances. A key is ...

Edward Cates, Chairman of the Board, TSCL Looking for an extra $300 next year? Beneficiaries participating in the Medicare Extra Help program in 2024 can look forward to an estimated $300 in extra savings on drug cost ...

Mary Johnson, editor What happens to people living on Social Security when inflation cools? Can retirees “recover” from the effects of inflation? I get this question from journalists every month. Is inflation somethin ...

What Would The Income Thresholds Be If The Tax On Social Security Benefits Was Adjusted For Inflation Like Tax Brackets? Q: I support TSCL’s efforts to enact legislation to adjust the income thresholds that cause a po ...

Your Social Security Income Rose by 8.7% This Year — Will It Impact Your Taxes Next April? You’ve heard the claim: “Seniors don’t pay income taxes after age 70!” This is a bunch of baloney, so press the mute butt ...

August 2023 Update ...

The Centers for Medicare and Medicaid Services (CMS) has announced that beginning in 2025, subscribers to Medicare Part D will have the option to pay their out-of-pocket prescription drug costs over a year using a monthl ...

Last week, the White House announced the names of 10 prescription drugs that will be subject to the negotiating power of Medicare. The government expects prices will be slashed by half on average, with the first cuts tak ...