One of the goals of many members of Congress has been to lower the cost of insulin. However, the latest bill to lower prescription drug prices removes a provision to cap patients’ insulin costs at $35 per month. That ...
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Social Security Solvency
Extending the solvency of Social Security, along with lower prescription drug prices, has been at the top of TSCL’s agenda for several years so we are pleased the Senate is addressing those issues in this bill. The wa ...
New Senate Bill would Lower Drug Prices – Extend Social Security
Last week we told you that Senate Democrats have revealed they will make one last try to pass a bill to lower prescription drug costs before Congress goes on its annual August recess. That effort starts this week when bo ...
Ask the Advisor: July 2022
Q: I was born in 1951 and turn 71 this year. I understand that a second round of legislation was passed by the House that would increase the age for taking required minimum distributions from a 401(k). Could you tell ...
Best ways to Save: July 2022 – Is Senior Home Sharing a Good Idea?
Online home sharing match-up programs are helping to match seniors with compatible individuals seeking safe, affordable housing. Home sharing agreements can sometimes include provision of some assistance (such as meal p ...
Legislative Update: July 2022 – Seniors Are Facing a Tax Cliff Due To High COLAs
By Doug Osborne, TSCL Legislative Liaison Recently we received the following from one of our members: “I’m trying to find out if anyone is aware of the IRS (tax) cliff that seniors on Social Security are facing? W ...
Benefit Bulletin: July 2022 – First Hurdle to Fixing Social Security? Every Member of Congress
Rick Delaney, TSCL Chairman of the Board When it comes to fixing Social Security, Congress has no success stories. The job of bringing Social Security into balance, involves cutting benefits or raising taxes, and in ...
Can Inflation Be a Good Thing If It Means a High Social Security COLA?
By Mary Johnson, editor Is inflation ever a good thing if it means getting a high cost-of-living adjustment (COLA)? The person asking me that question could be forgiven since that young adult had never experienced in ...
HHS Office of Inspector General Says Medicare Advantage Plans Often Deny Medically Necessary Care
Every year, tens of thousands of Medicare beneficiaries who are enrolled in private Medicare Advantage health plans are denied medically necessary care that otherwise would have been covered by traditional fee-for-servic ...
Social Security Benefits Lose 40% of Buying Power
Soaring inflation has caused Social Security benefits to lose 40% of their buying power since the year 2000 according to the latest update of an ongoing study by TSCL. Purchasing power plummeted by 10 full percentage po ...
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