It’s tax season, and the IRS is warning about phone calls from criminals impersonating government officials. In the latest insidious twist on a scam related to Social Security numbers (SSN), scammers threaten to suspend ...
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45 Percent of Retirees See Little Growth in Social Security Benefits
(Washington, DC) – Forty- five percent of retirees, report that that their net monthly Social Security benefit grew by less than $10 in 2019 despite receiving a 2.8 percent cost-of-living adjustment according to new surv ...
The Senior Citizens League Legislative Update
The Senior Citizens League begins this update by wishing each of you the very best in this New Year. We took a break last week from publishing our update since most people's days were filled with activities more importa ...
Medicare Premiums Set To Take One Of Biggest Jumps In Years
(Washington, DC) Medicare Part B premiums are getting set to make one of the biggest jumps in 14 years, according to new analysis from The Senior Citizens League (TSCL). While the Social Security cost-of-living adjustme ...
Tax on Social Security Benefits of “Wealthy” Retirees Now Affects Half of All Retiree Households
(Washington, DC) Roughly one - half of all retiree households report that a portion of their Social Security benefits are subject to taxation, according to recent survey results from The Senior Citizens League (TSCL). ...
Ask the Advisor: December 2019
My Mom Is Applying For Assisted Living: Why Must She Agree To Mandatory Arbitration? Q: I’m helping my mother shop for an assisted living facility. She’s considering one within reasonable driving distance, but a cl ...
Legislative Update: December 2019
Payroll Taxes A Sticking Point in Social Security “Boost Bill” By Shannon Benton, Executive Director Legislation that would boost Social Security benefits and restore Social Security’s solvency has been under debat ...
Legislation Would Boost Average Social Security Benefits By About $70 In Ten Years
(Washington, DC) The average Social Security benefit would increase an additional $30 per month in 2020, if legislation under consideration in the House is signed into law before the end of the year, according to a new ...
Millions of Retirees Spend $5,000 Annually on Medicare Premiums
(Washington, DC) An estimated 10 million Medicare beneficiaries who are covered by a Medigap policy and a Part D plan, will spend about $5,000 in 2019 ($416 month) just for Medicare premiums, according to a national sur ...
Q & A: November 2019
What to Do When Your Doctor Prescribes an Expensive Medication that Your Insurance Doesn’t Cover Q: My doctor prescribed a new drug but, when I tried to fill it the first time, I learned that my drug plan does not co ...
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