Healthcare Costs

Taking prescription drugs? You should know about the Tier Structure before retirement.

Retired, thinking about retiring, planning on ever retiring? Next question: taking prescription drugs for a chronic illness? If answering yes to these questions you should take note on how Medicare works with prescription drugs, specifically with the Tier Structure when it comes to what you are responsible for paying. Prescription drugs are covered thru Medicare by […]

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Yes, You Need An Annuity in Retirement

There is plenty of financial advice about Annuities, but the truth, when you apply federal regulations, is the simple fact that, yes, if you are relying on Social Security in any way you need an Annuity in retirement. For those in retirement federal regulations state: You must accept Medicare when eligible in order to receive […]

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Tier 4 Drugs, the rules have changed and they hurt you

Finally, the mainstream media is starting to react to the impending Medicare crisis, as more retirees are discovering that worrying about healthcare costs doesn’t stop at age 65.  In fact, it is only the beginning. Last week’s Boston Herald cover story focused on Ken Helgeson, a Medicare subscriber who unfortunately suffers from rheumatoid arthritis. His doctors prescribed […]

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Immigration…Can it and should it last?

Many people may take the position that no matter where they look, it seems there are more and more people. Schools are overcrowded, traffic is backed up in our cities and on our highways, every flight is packed to the gills, and the line to get a simple cup of coffee is practically out the […]

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Most and Least Affordable States to Reside in for Original Medicare Coverage

In retirement, when it comes to health coverage there is only Medicare. Here is a breakdown of the most and least affordable states to reside in for of Original Medicare that includes a Part D Drug Plan and a Medigap Plan G policy: With the cost of Medicare coverage reaching over $405,000.00 this year for a […]

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2020 Retiree Healthcare Costs

With 2020 comes some changes within Medicare and unfortunately with these changes the out-of-pocket expected costs for a couple retiring today have increased significantly. For a couple, both 65 years old today, projecting to live until age 87 for the female and 85 for the male the expected cost to insure themselves through Medicare will […]

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Medicare Supplemental Coverage (Medigap Plans) 2020 premium information

With the new year, 2020, some changes came with Medicare and for those who opted for Supplemental Coverage, or Medigap Plans, the biggest one was the fact that new retirees could not purchase a Plan F policy when enrolling into the program. The significance is due to the fact that though a Medigap Plan F […]

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2020 Medicare Part D premiums – good news they are trending lower

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2020 looks to be another good year for Medicare beneficiaries in terms of prescription drug coverage (Part D) as premiums nationally have decreased yet again for the second straight year. In 2020 the national average premium, according to the Centers of Medicare/Medicaid Services (CMS) is projected to be about $40.61 a month for those who […]

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Guess what? The government thinks you are rich

Good news! The government thinks you are rich and they are about to tax you accordingly. Bad news! Your financial advisor doesn’t see the problem they created and you don’t feel rich. Where the disconnect happens is once you are retired, you will enroll in Medicare and begin taking Social Security. Within Medicare there is […]

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