A new study has indicated that the current Medicare system has failed Australian patients and doctors, and it recommends a major restructuring of the way general practitioners work and get paid to make health care more effective. In its latest report, the Grattan Institute pointed out that after four decades since its inception, Australia’s universal…
Choosing a Medicare Supplement Insurance Plan
By Elliot Raphaelson From Tribune Content Agency Question: Can you expand on the difference between the various Medigap plans and which options are no longer available? Answer: An excellent source of information on Medigap alternatives is “Medicare & You 2023,” the official U.S. Medicare handbook. The publication is free, and it is mailed to each…
Open Enrollment Medicare Scammers
This period is the thick of Medicare enrollment. It runs from October 15 to December 7. You may have many questions, and you may be researching your options. But beware, there are scammers out there who might take advantage. Every year, thousands of seniors are the victims of Medicare scams. In 2021, imposters conned seniors…
What Does the Increased Social Security Benefit Really Mean?
November 13, 2022
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In 2023, the cost-of-living adjustment (COLA) for Social Security is increasing. As a result, more than 65 million Social Security beneficiaries will receive an 8.7 percent increase in their benefits. That equals roughly $146 for the average Social Security recipient. But that’s not all that’s going up. Someone has to pay for this increase. How…
Options and Schedules for Enrollment in Medicare
By Elliot Raphaelson From Tribune Content Agency A reader wrote: “I am very confused about the deadlines for enrolling in Medicare, when coverage starts, and changing options. For example, if I am enrolled in a Medicare Advantage Plan, and want to change to another plan, when can I do it?” An excellent source of information…
5 Mistakes You’re Making With Medicare Open Enrollment
Millions of retirees are in the thick of Medicare open enrollment, which runs from Oct. 15 to Dec. 7, but many find the process challenging. Some don’t understand the difference between Original Medicare and Medicare Advantage, many are overwhelmed by Medicare advertising, and only 4 in 10 people review their plan options each year, according…
Retirement: Minimizing Medicare Premium Surcharges
November 9, 2022
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By David Rodeck From Kiplinger’s Personal Finance Just because you’ve reached the age when you can sign up for Medicare doesn’t mean that you’re done paying for health insurance. While Medicare Part A for hospital coverage is free for most retirees, Part B (outpatient) and Part D (prescription drugs) do charge monthly premiums. And if…
Why You Will Pay Less for Medicare in 2023
During this time of high inflation rates, seniors will be glad to hear that some Medicare plan costs will be reduced in 2023. It is certainly good news after hearing that the cost-of-living adjustment (COLA) is higher for 2023 than it has been for a long time. It means seniors will not have to spend…
Don’t Fall for the Ginned-Up Social Security Scaremongering
Commentary Here are two snippets from Wednesday’s New York Times piece contending that Republicans have “embraced” plans to cut Social Security and Medicare: “The fact that Republicans are openly talking about cutting the programs has galvanized Democrats in the final weeks of the midterm campaign.” “Still, the fact that key Republicans are openly broaching spending…
Retirement: Understand the Trade-Offs of Medicare Plans
By Kimberly Lankford From Kiplinger’s Personal Finance Enrolling in Medicare, which you can do starting at age 65, comes with a series of decisions for getting the most out of your health care coverage. One of the first decisions you’ll have to make is whether to enroll in original Medicare or a private Medicare Advantage…
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