Financial Protection

On January 31, the U.S. Department of Health and Human Services’ (HHS) Office of the Assistant Secretary for Planning and Evaluation (ASPE) released a report titled “Medicare Enrollees and the Part D Drug Benefit: Improving Financial Protection through the Low-Income Subsidy.” The report highlights findings from an analysis of Medicare data from 2020, including that the Inflation Reduction Act’s (IRA) expanded financial assistance in Medicare’s Low-Income Subsidy (LIS) Program would have benefited nearly 461,000 Partial LIS enrollees had the provision been in effect in 2020. An additional 2.9 million Part D enrollees who were eligible but not enrolled in LIS would also have benefited from the program...

This report outlines the Federal Trade Commission's (FTC) research, law enforcement, and education efforts aimed at protecting older consumers. The report finds that although consumers 60 and older report losing money to scams less often than younger adults, the amount of money they lose is higher. Older adults reported losing money most often to phone scams and online scams. This report also highlights the Pass it On campaign.

This is a financial empowerment toolkit from the Consumer Financial Protection Bureau. It is a resource that can help individuals understand the risks and benefits of financial products, services, and actions so they can control their own financial situations and make their own choices. The toolkit includes a set of modules that organizations may integrate into their daily work with the people they serve.