Medicare

Advice of Maximizing Social Security benefits – please follow the law.

With the current world pandemic brought on by the Coronavirus aka Covid-19 financial advice on what to do is flowing and yet again within that advice federal law is being neglected – it is sort of like Groundhog Day, but with a lockdown. CNBC is back at with its aptly titled “This costly Social Security […]

Tags: , , , , , ,

Read more

The Impact of Medicare’s IRMAA on Retirement

Planning to ever retire, if so, you may want to take notice of a federal rule that maybe missing in your  financial plan; Medicare’s Income Related Monthly Adjustment Amount (IRMAA), which happens to place surcharges on top of the current year’s Medicare Part B and D premiums. Federal rules state that when you retire you […]

Tags: , , , ,

Read more

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 […]

Tags: , , , ,

Read more

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 […]

Tags: , , ,

Read more

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 […]

Tags: , , , , , , , , ,

Read more

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 […]

Tags: , , ,

Read more

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 […]

Tags: , , , , , , , , ,

Read more

What are Supplemental Plans?

What are Supplemental Plans?  Supplemental Plans, commonly referred to as “Medigap” Coverage are health insurance policies that work in-conjunction with Original Medicare. They are administered by Private Insurance Companies and are regulated by the Centers for Medicare/Medicaid Services (CMS). Medigap Plans are broken into 11 different types of plans, A thru N that each cover […]

Tags: , , ,

Read more

What is Medicare Part B

What is Medicare Part B?  Medical Insurance that helps pay for physician services, medical supplies, and other outpatient services that are not covered by Medicare Part A. What does Part B cover?  Doctors’ services Outpatient hospital care Laboratory tests Outpatient physical therapy Certain home health care, ambulance services, medical equipment and supplies Other services that […]

Tags: , , ,

Read more

1 2 3 7
Top