Through the “Medicare Catastrophic Coverage Act of 1988” Congress created a provision, the Hold Harmless Act. The Hold Harmless Act protects those receiving Social Security benefits while enrolled into Medicare from ever experiencing a reduction in Social Security benefits from “too high” of Medicare Part B premium increases in a given year. The goal of […]
Medicare’s Hold Harmless – what is it Read More »
The big question often asked by roughly 65 million people enrolled into Medicare on an annual basis tends often than not to be: “Are Medicare premiums going up?” The answer, unfortunately, is yes and will be yes for quite some too. Believe it or not, unlike most expense in your life Medicare premiums and their
Are Medicare Premiums Going Up? Read More »
When it comes to selecting health care for retirement, there is generally two options: Original Medicare and Medicare Advantage Plans (MA Plans). So which option is better? Unfortunately, there is no one-size-fits-all answer. Both types of coverage have pros and cons. A discussion about which plan is best for every situation is not possible. As
Original Medicare Vs Medicare Advantage: Which is Right For You? Read More »
Planning for Medicare Now and in the Future. There is one thing that the majority of retirees have in common, and it is Medicare. Anyone who receives Social Security benefits are required by law to enroll in Medicare. That fact, for the foreseeable future, will not change. What has changed and will continue to change
How High Can Medicare Premiums Go? Read More »
How the IRMAA Surcharge is Calculated The Income Related Monthly Adjustment Amount (IRMAA) is, simply, a surcharge on top of the current year’s Medicare Part B and Part D premium for those who earn too much income while in retirement. The brackets that determine how much of a surcharge is to be added are as
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