Taxpayers are feeling more uncertain than ever about their tax liability this year, particularly when it comes to the taxation of Social Security benefits. According to TSCL’s January Senior Survey, about half of survey ...
What’s Your COLA Shortfall In 2022?
How much faster is inflation growing than your Social Security benefit? Your first cost-of-living adjustment (COLA) in January 2022 may have been just barely enough to buy a few extra groceries. But by January your COL ...
Legislative Update: March/April 2022
Part D Plan Sponsors Pocketing Rebates While Consumers Pay More For Prescriptions By Shannon Benton, Executive Director Provisions that would reduce the costs of prescription drugs for Medicare beneficiaries remain ...
Insurance Companies Sue Walgreens for Overcharging for Drugs
A number of health insurance companies, including Blue Cross and Blue Shield units are suing Walgreens, alleging that the company has been engaged in a fraudulent scheme to overcharge for prescription drugs by submitting ...
Senate Vote on Insulin Legislation Expected Soon
Because legislation on over-all drug pricing is stalled, new legislation has been offered by Senator Sen. Raphael Warnock (D-Ga.) to specifically lower the price of insulin. Last week he said he’s hoping to get his bi ...
Pressure Mounts for Presidential Actions on Drug Prices
When it comes to seniors’ issues, the main focus of Congress continues to be on the high cost of prescription drugs. The Republicans in the Senate continue to unanimously refuse to support the broad legislation put fort ...
Mail Order Drugs and the Post Office
It is now common for many seniors to receive their prescription drugs through the mail. So, it is good news that Congress has finally passed a bill that will shore up the finances of the Postal Service, thereby insuring ...
Efforts to Lower Prescription Drug Prices Continue
Although Congress has so far failed to pass legislation to lower prescription drug prices, they have not given up trying to do so. This Wednesday, the Senate Finance Committee will hold a hearing entitled “Prescriptio ...
Congress Finally Acts – Government Will Not Shut Down
After a delay of over six months, Congress was finally able last week to pass the legislation needed to fund the federal government for the remainder of fiscal year 2022. That means Social Security payments, veterans’ ...
Government Shut-down This Weekend?
Congress has until the end of this Friday to pass legislation needed to keep the government open or the federal government will once again shut down. They have been working feverishly on the needed legislation to fund ...
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