medicare

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What Will You Pay for Medicare in 2018?

By |2017-12-28T14:28:40+00:00December 1st, 2017|Categories: On Our Minds|Tags: , , , , |

The Centers for Medicare & Medicaid Services (CMS) has announced that the standard monthly Part B premium in 2018 will remain $134 (or higher, depending on your income). In 2017, most Medicare beneficiaries who received Social Security benefits paid a lower monthly premium ($109, on average). However, this is likely to change in 2018. Due to [...]

Medicare Open Enrollment Begins October 15

By |2017-10-12T14:49:29+00:00September 29th, 2017|Categories: Personal Planning|Tags: , , , , |

What is the Medicare open enrollment period? The Medicare open enrollment period is the time during which people with Medicare can make new choices and pick plans that work best for them. Each year, Medicare plans typically change what the plans cost and cover. In addition, your health-care needs may have changed over the past year. [...]

Social Security and Medicare Trustees Reports: Financial Challenges Continue

By |2017-07-26T19:14:22+00:00July 27th, 2017|Categories: Personal Planning|Tags: , , , , , , |

Every year, the Trustees of the Social Security  and Medicare Trust Funds release reports to Congress on the current financial condition and projected financial outlook of these programs. The newest reports, released on July 13, 2017, discuss the ongoing financial challenges that both programs face, and project a Social Security cost-of-living adjustment (COLA)  for 2018. What [...]

Medicare Open Enrollment Begins October 15, 2016

By |2017-05-09T22:14:00+00:00October 7th, 2016|Categories: Personal Planning, Uncategorized|Tags: , , |

Medicare open enrollment period allows you to make changes to your current plan.  What is the Medicare open enrollment period? The Medicare open enrollment period is the time during which people with Medicare can make new choices and pick plans that work best for them. Each year, Medicare plans typically change what they cost and cover. [...]

The Bipartisan Budget Act of 2015

By |2015-11-04T15:22:41+00:00November 4th, 2015|Categories: Personal Planning, Uncategorized|Tags: , , , |

On November 2, 2015, President Obama signed into law the Bipartisan Budget Act of 2015, legislation that raises the federal debt limit and establishes the framework for a two-year budget deal. The legislation, needed to avoid an impending default on U.S. debt, also contains multiple unrelated provisions, including an elimination of two Social Security retirement benefit [...]

Medicare Open Enrollment Period Begins October 15

By |2015-10-07T20:30:02+00:00October 7th, 2015|Categories: Personal Planning, Uncategorized|Tags: , , |

Part D late enrollment penalty Generally, if you did not sign up for Part D coverage during your initial enrollment period, and you didn't have other creditable drug coverage (at least comparable to Medicare's standard prescription drug coverage) for at least 63 days in a row after your initial enrollment period, you may have to pay [...]

Social Security and Medicare Figures for 2015

By |2014-10-27T19:26:59+00:00October 27th, 2014|Categories: Personal Planning, Uncategorized|Tags: , |

New figures announced The Social Security Administration (SSA) has announced that Social Security and SSI beneficiaries will receive a 1.7% cost-of-living adjustment (COLA) for 2015. According to the SSA's announcement, after the COLA, the estimated average monthly retirement benefit payable in January 2015 will be $1,328. The Centers for Medicare & Medicaid Services (CMS) has also [...]