Edward Cates, Chairman of the Board, TSCL Momentum is growing to fix two provisions of Social Security law that reduce the Social Security benefits of public employees such as firemen, teachers, postal workers, police ...
Category: Uncategorized
Ask the Advisor: March-April 2024
My Part D Premium Went Up By 48%. Does Medicare Allow This? Q: My Part D plan premium went up by 48% in 2024. I remember reading that the new Inflation Reduction Act restricted the amount that our drug plan premiums ...
Best Ways to Save: Figuring Your Taxes? Don’t Overlook These Little-Known Medical Expense Deductions
Although Medicare often comes with high out-of-pocket costs, you might be able to mitigate the hit to your finances by itemizing those medical expenses on your federal income taxes to lower your tax bill. Taxpayers are a ...
Will You Pay Taxes on Your Social Security Benefits This Year?
The number of older Americans who pay federal income tax on their Social Security benefits is rapidly growing, according to recent surveys by TSCL. Twenty-three percent of participants in TSCL’s latest Retirement Survey ...
Fact Check: Critics Argue Stimulus Checks Cause Inflation. Is This True?
A $1,400 stimulus check for each Social Security recipient is a top legislative goal for TSCL in 2024. While hundreds of thousands of older Americans have signed our petitions in support of such legislation, some critics ...
New Survey Findings: 67% Say Household Budget 10% Higher Than a Year Ago
More than two-thirds of older adults participating in TSCL’s latest Retirement Survey say their monthly budget for essential items such as housing, food, and prescription drugs was 10 percent higher than in the fall of 2 ...
December 2023
December 2023 Update ...
Lowering Drug Prices at the top of HHS Agenda this Year
The costs of prescription drugs and working to lower them will be among the top health issues facing the Biden administration in 2024, with Supreme Court activity, drugmaker lawsuits, and other hurdles expected to compli ...
The U.S. Health Care Spending Exceeds Six Countries Combined
According to a report in StatNews, “… the U.S. government spent more on health care last year than the governments of Germany, the U.K., Italy, Spain, Austria, and France combined spent to provide universal health care c ...
Medicare Transparency Bill Passes in the House
One of the few things the House of Representatives managed to accomplish in 2023 was the passage on December 11 of H.R. 5378, the Lower Costs, More Transparency Act, a bipartisan healthcare bill that would impose new tra ...