With the ever-changing changing economic landscape of late, and with many considering retirement at age 65, it’s helpful to know what expenses you may need to plan for. Today, we will answer the oft-asked question, “How Much Does Medicare Cost at Age 65?”. Our goal in this article is to help readers turning 65 understand...
The Donut Hole & Inflation Reduction Act The Inflation Reduction Act, passed by Congress in 2022, will provide a definite benefit to some seniors beginning in 2025. This act will eliminate the Medicare prescription drug plan coverage gap, which is non-affectionately referred to as the donut hole. How the Donut Hole Works First, let us...
Original Medicare (Parts A and B) is free for most people who qualify, depending on their or their spouse’s work history and/or income levels. Individuals with higher incomes may have to pay a premium for Part A coverage. Part B provides coverage for doctor visits and outpatient services as well as durable medical equipment and...
If you have a Medicare Part D prescription drug plan, what can you do to get your costs under control? Here are some tips to save you money on your medications.
Will My Medicare Last? On a weekly basis, clients ask me about the solvency of Medicare. No, they don’t use the word “solvency,” or even words like “bankrupt,” but clients do regularly ask me my informed opinion on how long Medicare will be around—at least in the form we know it now. But, before I...
As we might expect, there will be a change in costs with Medicare Part D prescription drug plans for 2024. So what will this mean for you? And how can you save money in 2024?
So, to what are people referring when they speak of the Medicare Part D donut hole? The donut hole, also known as the coverage gap in Medicare circles, occurs after someone with a Medicare Part D drug plan has hit a certain spending limit on their prescription costs. When that limit is hit, then the costs go up for the person with the Part D plan. So, let’s see exactly how that works.
Which is the best Medicare Part D prescription drug plan? Here is how to find the best Medicare Part D prescription drug plan for you and save money!
There is soooooo much confusion about Medicare today. Though I have met with hundreds upon hundreds of people to help them with Medicare, I don’t believe even one of them fully understood how Medicare works before I explained it to them. Therefore, if you are among the masses of confused about Medicare, don’t feel bad....