Do Not Skip Reshopping for 2025 during the Open Enrollment Period Well, this year’s Medicare Open Enrollment Period is loaded for bear. It is definitely not the year to skip reshopping your Part D plan. The window to reshop your Part D plan is open only between October 15 and December 7. The sheer number of changes for 2025 is staggering. Every person with a Part D plan … [Read more...] about This is the year to reshop your Part D plan!
Medicare
Get Ready for Big 2025 Medicare Part D Changes
Are you already in Medicare and have your prescriptions covered by a Part D plan? Or maybe you are reading this because you will be starting Medicare in the next few years? Either way, it’s important to get up to speed on the 2025 Medicare Part D changes. There are going to be a lot of them! The focus in the media lately has been on the $2,000 out-of-pocket (OOP) cost cap … [Read more...] about Get Ready for Big 2025 Medicare Part D Changes
Is a Medicare Advantage Plan Right for You?
A $0 monthly premium should be a clue Are there really any advantages to Medicare Advantage plans? Over 50% of retirees on Medicare have assigned their benefits to a private, for-profit health insurance company. I can assure you, these 32 million people have no idea what they’ve signed up for. But they think a zero-dollar monthly premium is a great advantage. But is a … [Read more...] about Is a Medicare Advantage Plan Right for You?
2024 Medicare Part B Premiums Jump 5.9%
Adjust your monthly cash flow for higher Part B premiums and IRMAA On October 12, 2023, the Centers for Medicare and Medicaid Services announced the rates for the 2024 Medicare Part B premiums. They also issued associated income-related monthly adjustment amounts—better known as IRMAA—for Medicare Parts B and D. And an assortment of other costs, copays, and … [Read more...] about 2024 Medicare Part B Premiums Jump 5.9%
Estimating Your Medicare Costs
Healthcare costs in retirement go way beyond “Medicare” Medicare. Medicare. What the heck? How can a program designed specifically to help our oldest Americans be so incredibly difficult to use? Why are there so many pieces and parts? What's with Medicare not covering all healthcare costs retiree need? And what drives those high Medicare costs? In short, how is it that … [Read more...] about Estimating Your Medicare Costs
