OCTOBER 30, 2015: Congress approved a budget deal that stops the Medicare Part B premium from going up to $159 in January 2016. It will only go up to $120 (from $104.90). Most people on Medicare will not get hit with…
Category: INFO
Part B Premium Is Going Up in 2016
The Medicare Part B premium is going up in 2016 – way up. But this increase will not affect everyone on Medicare.
For 2016 the Part B premium is supposed to go up to $159.30 because of a complicated formula connected to what Medicare spends on Part B services.
Social Security Overview
I attended a meeting in which Social Security employees talked about Social Security and how it works, how benefits are calculated, and special situations.
Calculating Social Security Benefits
How Social Security benefits are calculated.
Applying for Medicare or Social Security
Here is some info on applying for Medicare or Social Security.
Medicare Enrollment Special Situations
When it comes to Medicare enrollment special situations sometimes occur. The Social Security representative explained some of the different scenarios.
Why don’t people buy long-term care insurance?
Although 70% of older people will need long-term care, very few people buy long-term care insurance.
Turning 65 and Medicare
No federal agency provides notification about Medicare eligibility to individuals not yet collecting Social Security benefits.
Medicare and the TPP
The Trans Pacific Partnership is a free trade deal being negotiated in secret. Some of the rules, written in secret, affect Medicare, Medicaid VA drug costs. When it comes to Medicare and the TPP, it will mean higher drug costs for seniors and perhaps the end of discounted prices for those who go into the donut hole.
Help with Medicare Costs
help with medicare costs includes paying the Part B premium and, for qualified medicare beneficiaries, the state will pay their co-pays and deductibles.
Your Health Insurance Deductible
What is your health insurance deductible and to which services does it apply?
Is Social Security Income Taxed?
Is Social Security income taxed?
Social Security Explained
Social Security Explained