What would you guess is the biggest “money suck” in retirement? Many would say traveling, spoiling grandkids, eating out too much, or maybe finally splurging on things you put off during your working years (we can finally join and use a country club!). While it’s true that overspending can definitely suck your money away in […]
Jon was a retiree who had moved to the warm, sunny climes of South Florida. He went to the orthopedic doctor one day for a creaky knee. The doctor examined his knee, determined to give him a steroid shot, and sent Jon on his merry way. A few weeks later, Jon got the doctor’s bill […]
A question we get a lot from our clients: “I understand that Part D is prescription drug coverage. But I know Part B covers some medications too. How do I know which medications are covered under which Part?” This is a valid question! It’s always nice to know where your monthly premiums are going and […]
Have you been staying up to date with Medicare’s drug price negotiations? It’s sure to be a wild ride when you combine money and prescriptions. AstraZeneca is a pharmaceutical giant based in the U.K. that produces the blockbuster drug, Farxiga. Farxiga treats Type 2 diabetes, heart failure, and chronic kidney failure. The price tag without […]
Once you turn 65, it’s easy to feel like you’re made in the shade. Part A is premium-free if you’ve paid into Medicare for ten years. Part B is reasonable, with a monthly premium of only $174.70. Even Part D, prescription insurance, is affordable. Some plans start at only $10 a month! If your adult […]
This is a question we get quite frequently: “If I don’t take any prescriptions, why do I need to sign up for Part D?” In a perfect world, there would be no need for Rx coverage if you didn’t need an Rx! In the world of Medicare though, delaying Part D can cost you. Remember […]
When is the best time to prepare for Medicare? I hope you didn’t say 65! Yes – you don’t become Medicare eligible until three months before you turn 65; but Medicare is full of complicated terminology, weighty decisions, and confusing “windows” of time in which to enroll or disenroll in different plans. The Medicare Early-Bird gets the worm. Show up […]
As someone gets closer to 65, there seems to be a hushed roar all around them; quietly in office corners and in huddled groups at the gym: “Did you hear about the Part B late-enrollment penalty?” “Yes. My aunt waited too long to sign up and had to pay an extra 10% each month for […]
Who else remembers being sick as a kid? Maybe you were from a “rough n’ tough” type of family who made you do chores even when you were ill. I came from a home where being sick was code for being king for a day. My mom would attend to me at the drop of […]
When wildlife biologist Jeanette Parker stopped to feed a hungry kitten near the Florida Everglades, it nipped her finger. Since the bite broke the skin, Jeanette wisely cleaned the wound but then began to worry about rabies. Calling her local health department and hearing it was closed, she decided to go to the nearest ER. […]