Tag Archives: medicare

Medicare Open Enrollment is Coming Again!!!

Saturday, October 15 marks the start of the 2017 Medicare Open Enrollment period, but what does this really mean? All individuals who are enrolled in Medicare Part C plans (also known as Medicare Advantage plans) and / or who are enrolled in Medicare Part D plans (also known as Medicare Drug plans) should heed the […]

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Wellness In Our Senior Years

Don’t blink or you will miss the official entry to senior citizenship: enrollment in Medicare.  If you thought getting your AARP card was a declaration of old age, you were wrong.  That was a declaration that you were approaching old age.  Medicare enrollment makes it official! And yet, many of us are racing into our […]

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Defer Compensation to Address Medicare Costs

When most of us reach age 65 we will need to enroll in Medicare.  The cost for Medicare part A is prepaid for almost all of us, but Medicare part B premiums vary based on income.  The calculation for this expense is based on “modified adjusted income” from two years before the benefit year. What […]

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Employee Benefits ~ What Stage is Your Business?

In order for employee benefit programs to be well received they need to be developed with the interests of the employees in mind while meeting the objectives of the firm’s management. Young firms often implement benefits with the intent of attracting employees who are critical to the success of the business and create strategies to […]

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Employees and Medicare

When we reach age 65 almost all of us qualify for Medicare coverage. Which parts, if any, we need to enroll in depends on our employment status. Those of us who are covered on plans with companies which have at least 20 employees are not as pressed to enroll in the various parts of Medicare […]

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Year End / New Year

Many of us are not part of the Medicare open enrollment or the Affordable Care Act individual open enrollment. This does not mean that we do not have year-end considerations of our own. First, if we are participants in a Flexible Spending Account we have money that we have had payroll deducted during the year […]

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Over 65 and Still Working?

Should you do something about your health insurance? It depends on a few factors. First, are you employed by a company that has 20 or more employees? If you are offered group insurance that you like you are not required to enroll in Medicare because your employer’s insurance plan will provide primary coverage. If you […]

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Medicare Supplement or Medicare Advantage?

Each day thousands of us turn 65 and we need to address this choice. So how do we choose and what criteria do we need to consider in making this choice? Fundamentally, we compare apples and oranges when we face this decision. Remember, Medicare Advantage plans are the actuarial equivalent of traditional Medicare (Parts A […]

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Why Should I Care?

In my last post we identified who should pay attention to the Medicare Open Enrollment Period which runs from October 15 through December 7 of this year. In this post I would like to explain what we should be paying attention to and why it is important to review current benefits and changes that are […]

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It’s Medicare Season Again!!!

In about a month the Medicare open enrollment period begins again. Media blitzes will begin and we will all be bombarded with information designed to unsettle us. So who should be concerned? This enrollment process affects individuals who are Medicare eligible, but not all Medicare beneficiaries are 65 and older. Many younger individuals are covered […]

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