Part B

2020 Medicare Premiums and Costs

The Centers for Medicare and Medicaid Services (CMS) released the 2020 Medicare premiums and costs that impact retirees for 2020. Unfortunately, the news doesn’t seem to bring a lot to be merry about for the upcoming year. Here is a breakdown of what retirees on Medicare should expect in upcoming costs for 2020: Part A […]

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2019 Medicare Board of Trustees Report

The 2019 Medicare Board of Trustees Report has been released and the following is a breakdown of what can be expected in the future from Medicare, through at least 2028. The data is courtesy of the 2019 Medicare Board of Trustees Report. Part A: The Part A Deductible is expected to inflate 3.53% annually. The […]

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Social Security and Medicare are hand in hand

What may be flying under the radar at many of the Social Security seminars being held across the country is that in order to even receive this benefit one must, when eligible, enroll into Medicare or else.

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Medicare Means Testing (IRMAA)

What is it? As defined by Medicare: “If you have higher income, the law requires an adjustment to your monthly Medicare Part B (medical insurance) and Medicare prescription drug coverage premiums (Part D). Higher-income beneficiaries pay higher premiums for Part B and prescription drug coverage. Layman’s terms: If you make too much income in retirement […]

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And the Regulations will be Televised

Rejoice, Americans – Congress has done it again! Another year and another opportunity to punt the Medicare/Health Spending can down the road… Back in 1997, our government began its quest to tackle the unsustainable increase in healthcare spending by enacting legislation which created a formula, aptly titled “the Medicare Sustainable Growth formula”, through the Balanced […]

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Is it misinformation or something more sinister?

Survey after survey confirms that one of the most major concerns investors have is planning for their health costs in retirement, and rightly so. With legislative changes coming from both Congress and the President, the course of this expense that everyonemust have has taken some drastic turns in the not so distant past. Some of the […]

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Fidelity Investments’ $220,000 Healthcare Number, is it right

It seems like every spring season there is a new healthcare amount announced by Fidelity Investments for people who are turning 65 during the year and this spring season is only slightly different from the last. This difference lies in the total cost or the reduction of the overall cost of projected healthcare, which Market […]

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Medicare’s Hold Harmless Act: unfortunately, it’s not for everyone

Medicare’s Hold Harmless Act – An act written into Medicare by laws through the Medicare Catastrophic Coverage Act of 1988 and then revamped in 2009, by “Medicare Premium Fairness Act”, that has been designed to protect seniors’ Social Security cost of living adjustments (COLA’s) from being consumed by Medicare premium increases year by year.

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