While Congress was on Memorial Day recess last week the annual Social Security Trustee Report was released. It announced that the financial health of Social Security improved slightly over the past year. The report pr ...
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Ask the Advisor: June 2022
Q: The Federal Reserve increased interest rates “to put the brakes on inflation.” How does that work? Wouldn’t I pay higher costs when credit card companies raise interest rates? A: TSCL believes that putting th ...
Best Ways to Save: June 2022
Five Ways to Save When Everything Is Going Up By Mary Johnson, editor With persistent inflation around 8.5%, a historic 40-year high compared to a year ago, everyone is looking for ways to reduce costs and save mon ...
Legislative Update: June 2022
High Inflation Could Lead to Higher Taxes for Social Security Recipients By Doug Osborne, Legislative Liaison The next tax season could be a difficult one for many unsuspecting older taxpayers. TSCL believes many ...
Benefit Bulletin: June 2022
Staffing Shortages at Long Term Care Facilities May Not Recover Quickly By Rick Delaney, Chairman of the Board The annual average price of a semi-private room in a nursing home in 2020 was about $95,000 at the star ...
The Last Time Inflation Was This High, Social Security Was in Crisis
By Mary Johnson, editor Higher consumer prices for just about everything continues to work through the pipeline and are reaching levels that haven’t been seen since 1981. As of consumer price data through April, the ...
To Save Money, Employers Are Moving Their Retirees to Medicare Advantage
About 250,000 retired employees of the city of New York recently learned their health benefits would be funded in part by the federal government’s Medicare Advantage program — a move estimated to save the city $600 milli ...
Inflation a Bigger Threat to Households Living on A Fixed Income
As inflation continues to challenge household budgets across the nation, researchers at the U.S. Federal Reserve say that not everyone has been affected in the same way. This is especially true for lower-income househol ...
Medicare Enrollment/Disenrollment Period Extended
The Centers for Medicare & Medicaid Services (CMS) has announced that it will extend the enrollment/disenrollment period for 2022 to the end of this year. This relief applies to the 2022 General Enrollment Period, ...
2023 Medicare Part B Premiums to Reflect Lower-Than-Expected spending on Alzheimer’s Drug
When Medicare Part B Premiums skyrocketed at the beginning of this year TSCL and other seniors’ organizations protested that the increase was way too much and that it would seriously harm seniors with lower incomes. T ...
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