Finances 50+

AARP released a report that shows an estimated 19,221 of Mississippians on Medicare prescription drug plans will see savings thanks to a new out-of-pocket cap that starts January 1, 2025. The savings are made possible by a provision in the 2022 prescription drug law that AARP championed which caps out-of-pocket prescription drug costs every year, beginning at $2,000 next year, for America’s 56 million Medicare drug plan enrollees.

In today's world, few things are as deeply woven into the fabric of our nation as Social Security. For over eight decades, this bedrock program has offered economic security and dignity to millions of retirees, people with disabilities, and surviving spouses and children. It is a sacred promise between the government and the American people who pay in and earn their Social Security over a lifetime of hard work.

Social Security is your money — you earned it through a lifetime of hard work. And like most Americans, that money is needed to help cover living expenses and pay bills. Nearly one in four Mississippi residents – 681,219 people – receive Social Security benefits, and 55 percent of residents 65 and older rely on the program for at least half of their income.

In the month of April, AARP Mississippi has planned events to help Mississippians protect themselves from fraud and scams. Check them out!

AARP Mississippi will offer a virtual event, Preventing Financial Exploitation Of The Elderly, at 11:30 a.m. on Tuesday, November 17. To register for this free online event, click here.

AARP Fraud Watch Network has received reports of door-to- door, telephone, email and ad scams offering bogus COVID-19 testing kits and cures and promising stimulus checks.

.

Find out more about this issue at AARP’s second in a series of free webinars.

Find out what you can already be doing to prepare at our free, two-part webinar.

Join AARP Mississippi for an important Telephone Town Hall at 6 p.m. on Tuesday, April 2 about government impostor scams. Scammers rip off unwary taxpayers by impersonating agents of the Internal Revenue Service. To join the call, click here.