Come every fall Medicare’s Open Enrollment kicks off for about 51 business days. This is the only time where you, the Medicare beneficiary, can shop for new health coverage and it strongly recommended that you do, especially if you have a stand-alone Part D Plan (drug coverage). Since the inception of Medicare’s Part D which […]
Part D Drug Plan – Go Shopping Every Open Enrollment Read More »
The Medicare Board of Trustees Report for 2022 has recently been published and the news for the most part is pretty good, though there is some bad news too. The Good News: Inflation rates, though they are still high, are not projected to be as high as previous years. Premiums going into 2023 should remain
2022 Medicare Board of Trustees Report Read More »
Medicare’s IRMAA Brackets from 2007 to 2022 IRMAA is simply a tax on those who earn too much income. The impact is simple, the more you make the higher your Medicare costs. The issue, though, is that your Social Security benefit pays for these IRMAA surcharges automatically. Think about it the more you save incorrectly
IRMAA Brackets from 2007 to 2022 Read More »
History of IRMAA Brackets Medicare’s Income Related Monthly Adjustment Amount or IRMAA is simply a tax on income for those generating too much income while enrolled into the program. Unfortunately for millions of Baby Boomers reaching retirement they are finding themselves on the receiving end of this tax which comes in the form of higher
As you near retirement or are even in retirement when it comes to your health insurance there is only option Medicare. The question that arises more times than not is if you have to enroll into Medicare? The answer in the simplest terms is yes you do have to enroll into Medicare. Believe or not
Do you have to enroll into Medicare Read More »
IRMAA and Social Security In 2022 those who reach Medicare’s IRMAA may be in for somewhat of a surprise when it comes to their Social Security benefits. They will all notice that their Social Security benefit has decreased from 2021. Yes, you read that right. Their Social Security benefit will actually go down. This may
IRMAA and Social Security Read More »
2022 Healthcare Costs in Retirement When it comes to health insurance in retirement there is only Medicare. The cost of Medicare, like every expense, is inflating at an incredible pace. Next year, 2022, will see seniors paying the highest amount ever for their Medicare coverage. The costs of Original Medicare in 2022: Coverage 2022 Monthly
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2022 Medicare Costs are official and it looks like inflation may be a factor
Costs have increased by over 9%
2022 Medicare Costs Read More »
Medicare’s Open Enrollment has been extended an extra 30 days. this great news but there is still no information on what is to come
Medicare’s Open Enrollment has been expanded Read More »
The 2021 Medicare Board of Trustees Report has been released and like last year the Trustees believe that is not possible to adjust the estimates accurately
2021 Medicare Board of Trustees Report Read More »
