Social Security Rises In 2024, Offset By Inflation And Medicare
Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 3.2% starting in January 2024....
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Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 3.2% starting in January 2024....
Many Medicare Part D drug plans are changing how many and which types of insulin they are covering in 2024....
Here’s the deal. My spouse turned 65 in July. He signed up for Part A same month. Still on my plan this year. He needs traditional Part B with a plan G Medigap and a Plan D, to start January 1st...
Medicare.gov themselves, especially folks like me who are not there yet, namely for US folks. Here is the 2024 Medicare and You Handbook from medicare.gov. Hard copies are still being sent out to Medi...
October 2023 – The Centers for Medicare & Medicaid Services (CMS) has released the 2024 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs, and the 20...
My wife and I are currently on Obamacare. She turns 65 on February 25, thus will go on Medicare. Do we sign her up for AHA for two months, or can she go on Medicare since she is so close at the beginn...
Buried somewhere in the text of the Inflation Reduction Act is one change that will have an immediate impact on Medicare Drug costs in 2024...
From increased premiums to a revised Income-Related Monthly Adjustment Amounts (IRMAA), many Medicare-related costs are going up in 2024....
From increased premiums to a revised Income-Related Monthly Adjustment Amounts (IRMAA), many Medicare-related costs are going up in 2024....
As the title states, the IRMAA surcharge is going to happen in 2024 for our Medicare Part B I was unable to manipulate revenue from 2022 low enough to avoid the surcharge. The revenue for 2022 was sig...
When it comes to Medicare, it matters whether you get your vaccinations at a pharmacy or at a doctor's office....
A recent blog about advertisements for Medicare Advantage policies brought a torrent of criticisms from our readers that the ads flooding the airwaves and mailboxes are too vague and even misleading. ...
October 5, 2023 — The Biden administration announced that the pharmaceutical companies of all ten drugs selected for negotiation with Medicare to lower prices will participate. Several of them c...
I know that we need to talk with a planner, but was hoping for some practical advice here. I am a Massachusetts teacher, and am planning to retire June 2027 to fully vest at 80% (I've paid into it a l...
I (M66) reach FRA early 2024 at 66 1/2. I own my home and car, have some savings and investments, 401k, and a small pension. Simple 'back of the cocktail napkin' arithmetic leads me to believe I can a...
Sept. 8, 2023 — The number of people using Medicare has grown steadily as baby boomers become eligible. But defying predictions, spending per Medicare recipient has levelled off, which brings un...
August 29, 2023 — Fulfilling a campaign promise to help save Medicare by controlling excessive drug prices, the HHS announced a list of 10 popular drugs that Medicare will negotiate the prices. ...
July 7, 2023 — Leqembi, the first drug shown to slow down Alzheimer’s disease, has been given full approval by the Food and Drug Administration (FDA). The new drug has been shown to be effecti...
June 7, 2023 — It has finally happened. For the first time, more people are enrolling in Medicare Advantage Plans than Original Medicare. The extra benefits and lower (sometimes zero) premiums a...
I did NOT know this, and have spent the past two days trying to un-do my mistrake. Through this community, I found out about Boomer Benefits, and on their website, I read about the rule. It's illegal ...
Hey Everyone, A lot of you had direct messaged me or commented on the Medicare Basics post and had questions regarding IRMAA. I decided to make a youtube video that breaks down the issue more in depth...
Hey Everyone, I wanted to provide a very brief summary on the basics of Medicare and some FAQs I get as a Financial Planner. Again, I want to stress this is a high level overview for those of you in h...
Paid Research Opportunity Savvy Cooperative is looking for people who have Active Coverage from a Medicare Advantage Plan, Medicaid Plan, or other plans from Marketplace (Obamacare) Details 10-min use...
Will be retiring in September of this year! Question about shopping for Medicare supplemental insurance. Will be going with traditional Medicare, not an advantage plan. When shopping for plans, do Med...
There are several parts to Medicare. Here are some answers to common questions regarding how it works, when to enroll, and which parts are free....
Does anyone know how to find an independent consultant about Medicare? Agents who are incentivized by sales commissions can be very helpful, but they may not provide me with the optimal plans for my s...
I think there is an unpublicized widespread problem with Medicare plans that wastes taxpayer money and premiums and supplies an unneeded service. I wish I could report this to the government, but you ...
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Biden’s package, which the White House previewed yesterday, combines cost savings with tax increases....
We are already on Medicare A & B. As we have not started SS yet, I pay the premiums directly on a quarterly basis. My understanding is once SS starts, the premiums will be taken from our monthly c...
Here’s something you should know about Medicare Advantage plans: the vast majority of these insurance policies require prior approval before a person can receive some medical treatments and serv...
Lots of folks expect that Medicare or Medicaid or a combination of these will pay for assisted living for their aging parents. When care is needed, and the parent is low on funds, find out the truth....
I am looking to enroll in one to begin in April this year. I am currently looking at Optimum HealthCare, Inc. | Plan ID: H5594-002-0 but am seeing mixed reviews all over the place. I have medical issu...
With Medicare, what you think you know can hurt you....
Know the long-term effects before choosing a plan....
February 7, 2023 — The debt ceiling is one of the big issues in the new Congress. How it plays out should be interesting, with Republicans narrowly controlling the House and the Democrats with a...
Hubby turning 65 this year… for the past many years he has only had VA health benefits.. 100% coverage. He is in great health, his mom lived to 91, he plays tennis 4 times a week, walks several...
February 7, 2023 — The debt ceiling is one of the big issues in the new Congress. How it plays out should be interesting, with Republicans narrowly controlling the House and the Democrats with a...
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Are cutbacks necessary to save Social Security and Medicare from bankruptcy?...
Welcome tothe Retirement Rebootcast. That’s what I’m calling this special podcast series on my new book –Retirement Reboot: Commonsense Financial Strategies for Getting Back on Track...
“Is it medically necessary for a person to be able to chew?” Dr. Lisa Simon, a physician and dentist at the Harvard School of Dental Medicine, asks. This is a serious question for older Am...
By Tom Cretella – CLU at Cretella and Belowsky January 9, 2023 — Medicare’s Open Enrollment Period began January 1. Medicare has plenty of acronyms: AEP, SEP, IEP – but the lea...
One of the most important topics in retirement is Medicare. Here is the lowdown on how it works and what it may cost you....
October 17, 2022 – Medicare’s Open Enrollment Period just started on the 15th, and runs through Dec. 7. In case you forgot to enroll in Medicare when you first became eligible, now is when...
October 5, 2022 — The Open Enrollment Period for Medicare starts soon, October 15, and runs through December 7. During this time you can join, switch, or drop a plan. Your coverage will begin on...
Medicare helps people who have retired with their healthcare costs. We explore how Medicare works with various retirement choices....