Part B

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 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 is Means Tested (IRMAA)

Medicare is means tested thru IRMAA – The Income Related Monthly Adjustment Amount! 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 […]

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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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Financial Advice, 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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