Do you ever get that feeling that your 401(k), 403(b) or IRA is not well, has a fever and maybe sick? Is your retirement plan performance anemic or even going south? There is currently $28 Trillion in 401(k) funds in the U.S. That’s great news for retirees, but unfortunately, retirement money does not come with […]
Did you know that about 1 million Americans go to the hospital with pneumonia every year? Pneumonia is a lung infection caused by pneumococcal disease, which can also cause blood infections and meningitis. The bacteria that causes pneumococcal disease spreads by direct person-to-person contact. A pneumonia vaccine can help prevent pneumonia, but only 67% of […]
If you’re nearing the big 6-0, don’t fret too much about getting old. After all, 60 is the new 40, right? Minor stuff aside, there are also some real financial benefits to reaching age 59½. Here are four things to do when you turn 59½ that will help you explore new opportunities and build a […]
June’s Section Having finally reached the age of 65, a client recently received her Medicare card. She noticed the card say it should be carried when away from home. So naturally, she placed it in her wallet. And then she realized that, displayed on the front was her Social Security Number! That made sense. It’s […]
Usual, Customary and Reasonable Charge (UCR) is the amount paid for a medical service based on what providers in a geographic area usually charge. Those are sometimes used to determine the “allowed amount” for payment of claims on health insurance plans from your employer, individual and family plans as well as Medicare, Medicare Advantage plans […]
Combating Waste and Fraud in Medicare: President Trump’s choice for Secretary of the Department of Labor, is Alexander Acosta. There is consensus among both Democrats and Republicans that this is a good choice. He has been described as “just a mild-mannered law school faculty member.” Allison Bell, in an article for LifeHealthPro. In reality, from […]
Compared to individual or group health insurance plans, Medicare is unique in that it has no out-of-pocket spending limits. That’s why most people purchase a solid Medigap [Medicare Supplement] policy that will fill in all the gaps in Medicare and give you 100% of first dollar coverage for medical expenses. The alternative is enrolling in […]
Now that we are in the New Year there are some things you should remember about your Part D prescription drug plans. In the fall (September and October) of each year, the Part D insurance companies send out a letter called ANOC. This acronym means ‘Annual Notice of Changes’ with emphasis on ‘Changes’. The companies […]
You have two basic choices in Medicare to take care of your hospitalization, doctor visits and laboratory tests – Medicare Advantage (also called Medicare Part C) and original Medicare (comprised of Medicare Parts A and B). Original Medicare is often coupled with a Medicare supplement plans A through N. The majority of Medicare Advantage plans […]
The C.O.L.A. (Cost of Living Adjustment) was announced by the Social Security Administration. It will be .3% for 2017. That’s pretty small and not much better than 0% which was the C.O.L.A. for 2016. To put this in perspective, if a retiree were receiving $1000 per month in Social Security benefits, a 0.3 % increase […]