Podcasts about medicare premiums

This week, JoePat Roop covers essential financial planning strategies as the year comes to a close, emphasizing the importance of tax loss harvesting, Roth conversions, and proactive planning to manage taxes effectively in retirement. JoePat highlights the significance of understanding tax implications on retirement savings and the need for strategic planning to ensure financial stability and dignity throughout retirement. For more information or to schedule a consultation call 704-946-7000 or visit www.belmont-capital.comSee omnystudio.com/listener for privacy information.

In retirement, healthcare costs can quickly become one of the biggest risks to your nest egg, making it essential to stay informed about changes in Medicare and review your plan annually. As Medicare introduces key changes for 2025, understanding these updates is crucial for making well-informed decisions that protect both your health and financial future. In this episode, we dive into three essential updates to Medicare that will help you navigate these shifts and ensure your coverage aligns with your needs and budget. Key Topics Covered: Change #1: Updates to Prescription Drug Coverage (Part D), including the elimination of the "Donut Hole." Change #2: Adjustments to Medicare Premiums and Deductibles, with potential impacts for higher-income earners. Change #3: Expanded benefits and options in Medicare Advantage Plans for 2025. Ryan Hitchcock Financial Planner High Point Capital Group Direct: 414-253-4611 rhitch@hpcg.com Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Past performance is not a guarantee of future results. Securities and investment advisory services offered through Osaic, Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. 1200 N. Mayfair Rd., Suite 300, Milwaukee, WI 53226. Phone: 414-253-4600. #retirementplanning #retirement #medicare #openenrollment

This episode explores the intricate and confusing world of Medicare with leading expert Danielle Roberts. Danielle is founding partner at Boomer Benefits, an agency that has helped thousands of ordinary Americans learn and navigate their entry into Medicare since 2005. She's also author of the bestselling book '10 Costly Medicare Mistakes You Can't Afford to Make'. Danielle breaks through the confusion and explains Medicare's history, enrollment rules, Parts A, B, C, and D, and the differences between Medigap and Medicare Advantage plans. Discover the importance of early planning, common pitfalls to avoid, and critical decisions about Medicare coverage.  

As the 2024 election approaches, the Biden administration faces a critical challenge in managing Medicare Part D premiums. The Inflation Reduction Act's redesign of Medicare Part D has led to unexpected consequences, potentially causing significant premium increases for seniors. The Biden administration has implemented a last-minute "demonstration project" to cap premium hikes, raising questions about political motivations and long-term implications. But what will the future hold for those reliant on Medicare?

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Market declines just before you retire, or early in your retirement, can really screw up your retirement income strategy. If you're in the middle of the expensive kid years, how do you avoid this sequence of returns risk when making your retirement plans? That's “Jaclyn Smith's” question, today on Your Money, Your Wealth® podcast 485 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, can Vern's wife collect Social Security at age 63, then switch to spousal benefits at age 70? Matt wants to know if 2026 catch-up Roth contributions will be subject to the pro-rata rule, and Tom and Amy are trying to figure out how to avoid Medicare's monthly income-related adjustment amount, or IRMAA, in their plan for Roth conversions. Free financial resources and transcript: https://bit.ly/ymyw-485 How to Build a Recession-Proof Portfolio - YMYW TV Recession Protection Guide - free download The Election is Coming: Should You Sell? - read the blog Investment Vehicle Selection: SMA vs. ETF vs. Mutual Fund – Which One Best Fits You? - read the blog Is Roth IRA Money Taxed Twice? Watch the latest YMYW Extra Schedule a free financial assessment Ask Joe & Big Al for your Retirement Spitball Analysis Timestamps: 00:00 - Intro 00:49 - How to Minimize Sequence of Returns Risk When Spitballing Retirement in the Expensive Kid Years? (Jaclyn Smith) 17:18 - Collect Social Security Early at Age 63, Then Switch to Spousal Benefits at Age 70? (Vern, Beautiful Portland Oregon) 23:30 - Will 2026 Catch-Up Contributions to Roth Be Subject to Pro-Rata Rule? (Matt, TX) 23:47 - Should We Do Roth Conversions? What About Medicare IRMAA? (Tom & Amy, Northern MN) 31:51 - The Derails

Sunshine in Orange County has been waiting patiently since January for a full Retirement Spitball Analysis: how are her assumptions for rates of return and inflation, her plans for Roth conversions, her asset allocation and asset location, her tax planning, her retirement income and retirement spending plans, and so much more? What missed opportunities is she overlooking? So many excellent Retirement Spitball requests have come in that Your Money, Your Wealth® hosts, Joe Anderson CFP®, and Big Al Clopine CPA can't handle them all.  On these bonus episodes, called YMYW Extra, producer Andi Last enlists the help of the experienced professionals on Joe and Big Al's team at Pure Financial Advisors. In today's YMYW Extra number 1, thanks to David Cook, CFP® from Pure Financial's San Diego headquarters, Sunshine finally gets her Retirement Spitball Analysis. Free financial resources and transcript: https://bit.ly/ymywe-1 Request your own Retirement Spitball Analysis EASIretirement.com - free retirement calculator Why Asset Location Matters - download the free guide More Guides | Blogs | Educational Videos | YMYW Newsletter Schedule a free financial assessment Timestamps: 00:00 - Intro 02:35 - Rate Assumptions 05:58 - Retirement Spending 06:54 - Retirement Income Strategy 12:08 - Retirement Planning: Asset Allocation vs. Asset Location 15:50 - Sequence of Returns Risk 17:53 - Social Security Tax Torpedo 20:01 - Goals & Questions 22:50 - Other Strategies: Qualified Charitable Distributions 24:23 - IRMAA & Tax Optimization 26:37 - Likelihood of Success & DIY Tools

Paul shares the latest information regarding Medicare premiums as well as real life examples.

Every year there are changes and adjustments to Medicare premiums and deductibles. These impact Medicare Part A and Part B and Part D. The Donut Hole coverage limit is also impacted. Toni's podcast today addresses changes that you will experience in 2024. Need more information? Take advantage of Toni's webinars available at www.tonisays.com - there you can have a private prerecorded webinar session with Toni and gain information to make your Medicare experience the proper one for you!  Remember - with Medicare it's what you don't know that will hurt you!  There's so much good information in this podcast, please be sure to share this podcast with your friends! Recognized by feedspot.com as one of the best Medicare Podcasts in the nation! Write Toni - info@tonisays.com. Toni's book is available at www.seniorresource.com and www.tonisays.com You can call Toni at 832-519-8664 Toni welcomes all Medicare questions. Toni now offers informative Medicare Webinars for all of your Medicare needs at www.Tonisays.com You can find Medicare Moments wherever you find your favorite podcasts, such as: Apple: https://apple.co/44MoguGSpotify: https://open.spotify.com/show/7c82BS4hb145GiVYfnIRsoAmazon Music: https://music.amazon.com/podcasts/884c1f46-9905-4b29-a97a-1a164c97546b/medicare-moments?refMarker=null Toni's new book: Maze of Medicare is now available at www.tonisays.com Combining Scripture with Medicare, it is the only book of its kind.  Toni's columns appear weekly in about 100 newspapers across America. If you would like Toni's column to appear in your local paper, or if you would like Toni to speak at an event - contact Toni King at 832-519-8664 Thank you for listening and be sure to tell your friends about Medicare Moments!  Blessings!See omnystudio.com/listener for privacy information.

Danielle Roberts, founding partner of the insurance agency Boomer Benefits, joins podcast host John P. Bryson to discuss the ins and outs of Medicare, an important part of many retirees' financial planning. Danielle outlines the different parts of Medicare coverage, addresses common misconceptions, and offers advice to help investment professionals assist clients ahead of potential Medicare changes in 2024 and beyond. She also explores surcharges that Medicare participants may need to pay in addition to their premiums—costs that can have a big financial impact on high-income earners in particular. Finally, Danielle discusses best practices for enrolling in Medicare, explains the options for clients who don't retire at age 65, and identifies three Medicare missteps that people often make.

In this episode Misty gives us all the details on the new raise in Social Security Benefits, and the increase in Medicare Premiums and deductibles that are coming in 2024. The good news is the raise Social Security benefits should more than fully cover the increase in Medicare premiums and deductibles. In fact, for many people there will not be an issue at all. But you still want to make sure everything is exactly the way it needs to be for your Medicare coverage. Misty tells you how it works, what to look for, and especially, when you need to get in touch with her office to make sure your benefits are covered. Great Information! www.medicaremisty.com. Disclaimer: Medicare Misty is not endorsed by or affiliated with any government agency. Produced by Blazing Kiss Media. This podcast is powered by ZenCast.fm

In this video, I talk about the new 2024 Medicare Part-B premiums and deductible for 2024 and give my reactions. Christian Brindle Insurance Services is a Medicare specialized agency located in Sandy Utah. Christian hosts the most popular Medicare podcast on the internet called The Everything Medicare Podcast, written and published two books about Medicare, and is the founder of his own company that is dedicated to helping people on Medicare everywhere. Don't forget to like and subscribe for more videos! Helping people in 46 states! Call us to see if we can help you! 801-255-5340 Visit our website for more information: www.christianbrindleinsuranceservices.com Pick up Christian's Medicare Guidance book and learn everything you need to know to make a good choice: https://www.amazon.com/Medicare-Guida... Follow us on social! Facebook: https://www.facebook.com/christianbri... Instagram: https://www.instagram.com/christianbr... Twitter: https://twitter.com/C_E_Brindle #Medicare#Medigap#Insurance #HealthInsurance #Health#Healthcare#Medicaresupplement#MedicareAdvantage #Medicare2021#Medicarehealthplan#InsuranceAgent#MedicarePodcast Medicare, Medigap, Medicare Supplement, Insurance, Health Insurance, Health, Healthcare, HAS, Retire, Retirement, Social Security, Christian Brindle, FICA, Medicare Podcast, Medicare Advantage, Medicaid, Medicare Part A, Medicare Part B, FICA, FICA Tax, Retirement, Retire

How will a diet COLA on a pension affect retirement plans for Joe and Barb in Tulsa? Percy in South Carolina has a pension too. He's timing the market, but should he change his investing strategy as he approaches retirement? Plus, Michael in Virginia needs ideas to fund a custodial Roth IRA for his 3-year-old and 2-month-old kids, and Rocco in NYC catches Big Al on capital gains exclusions. But first, will scary future events mean Michelle in San Diego will have to pay more tax and the highest possible Medicare premiums? Timestamps: 00:44 - Will Scary Future Events Mean Paying More Tax and Highest Medicare Premiums? (Michelle, San Diego) 10:46 - Market Timing, Pension & Roth Retirement Spitball (Percy, North Myrtle Beach, SC) 18:34 - FERS & Military Pension Diet COLA Retirement Spitball (Joe and Barb, Tulsa, OK) 26:49 - Can I Employ My 3-Year-Old and 2-Month-Old Kids to Fund a Custodial Roth IRA? (Michael, VA) 29:38 - Capital Gains Exclusion: Both Members of a Married Couple Need to Be on Title? (Rocco, NYC) 35:16 - COMMENT: Semi-Retired at 65 (Jetta Jay from Raleigh) 39:00 - The Derails Access this week's free financial resources in the podcast show notes at https://bit.ly/ymyw-445 EASIRetirement.com - new free retirement calculator! Retirement Rescue Plan - Your Money, Your Wealth TV Retirement Rescue Guide - limited-time offer, download by Friday 9/8/23 Episode Transcript Ask Joe & Big Al On Air

IANR 2326 070123 Line Up   3pm IAN UNPLUGGED On Classically Yours with Jyoti, enjoy Raag Darbari Kanada based compositions from Hindi Cinema. 4-6pm INTERVIEWS Here's the guest line-up for Sat, July 1, 2023 from 4 to 6pm CST on Indo American News Radio (www.IndoAmerican-news.com), a production of Indo American News. We are on 98.7 FM and you can also listen on the masalaradio app (www.masalaradio.com) By Monday, hear the recorded show on Podcast uploaded on Spotify, Apple Podcasts (https://podcasts.apple.com/us/podcast/indo-american-news-radio-houston-tx/id1512586620) Google Podcasts, Pocket Casts, Radio Public and Breaker. We have 4 years of Podcasts and have had over 7,000 hits. SUPPORT THE SHOW!! SELECT “FOLLOW” ON OUR SPOTIFY PODCAST CHANNEL TO RECEIVE NEW UPDATES. THE MORE HITS WE GET, THE MORE SUPPORT WE GET FROM SPOTIFY. SO PLEASE GIVE US A 5-STAR RATING. 4:20 pm The Baby Boom generation is quickly slipping into its Senior years and health issues have become paramount. To help us navigate the confusing world of Medicare, we turn to our monthly insurance broker Nutan Patel to provide some straight talk about Medicare plan premiums. 4:50 pm Taral Patel has thrown his hat into the race for Ft Bend Commissioners Court Pct 3 and should he win he will become the youngest elected Commissioner, possibly in the state! Born and brought up in Sugar Land, he joins us today to tell us about his plans for the run! 5:20 pm Over the past four years, Indian touring musical shows visiting the Bayou City have become scarce for a variety of reasons! Sensing the gap, Harry Shah dove in to fix that with two shows this summer, Mika Singh and now the extravagant Broadway show like musical Mughal-e Azam which he promises will blow our minds when it premieres at the Wortham Center on Friday, July 14 for three days. Harry joins us today to tell us what to expect. 5:40pm Sudarsanam - the Global Hindu Convention starts today thru July 4th at Royal Sonesta Hotel and features many cultural and religious elements during the four day event which will bring in hundreds of Malayalee Hindus from across the US and India. Dr Sharad Menon joins us to explain what the convention is all about. Also stay tuned in for more news roundup, views, sports and movie reviews TO BE FEATURED ON THE SHOW, OR TO ADVERTISE, PLEASE CONTACT US AT 713-789-6397 or at indoamericannews@yahoo.com Please pick up the print edition of Indo American News which is available all across town at grocery stores. Also visit our website indoamerican-news.com which gets 60,000+ hits to track all current stories. And remember to visit our digital archives from over 15 years. Plus, our entire 42 years of hard copy archives are available in the Rice University Library. --- Support this podcast: https://podcasters.spotify.com/pod/show/indo-american-news-radio/support

Apr 10, 2023 – In today's Lifetime Planning podcast, Crystal Colbert and Aaron Wiegman discuss the importance of tax diversification since having a higher marginal tax rate can have an impact on Social Security and Medicare premiums...

The first quarter of the year brings resolutions, new corporate goals and strategies, as well as meetings with advisors and accountants.  There are certainly many tax saving strategies that good financial advisors and tax accountants implement throughout the year and not just at “tax time,” – but there are also many other issues to consider to maximize earnings potential and tax saving opportunities in your portfolio, and the beginning of the year is just the time to review them.  Patti reviews “The Three R's” and gives actionable steps and strategies for the investor to implement right now.

RMD = Required Minimum Distributions and in this episode we discuss how RMD's can impact your Medicare premium. In this episode you will learn about Life Changing Events and how Medicare adjusts your premium. Learn about MAGI and IRMAA and the SSA-44 form. Great Toni Tip - how to make sure that you pay the proper amount for Medicare - based on your most current income. Questions? Call Toni at 832-519-8664, email Toni at info@tonisays.com, and be sure to visit www.tonisays.com and while you're there you can order a copy of Toni's book. See omnystudio.com/listener for privacy information.

Medicare is the primary health insurance for most retired Americans, and given how expensive private health insurance has become, many individuals approaching retirement often plan their retirement around their eligibility for Medicare coverage. While Medicare can be very affordable for most retirees, individuals with high incomes often receive an unwelcome surprise when they learn that Medicare premiums are adjusted for those with higher incomes. In this episode, we discuss how an individual's income can impact their Medicare premiums and the best planning strategies to ensure individuals do not pay larger Medicare premiums than necessary. If you are approaching retirement or on Medicare already, we think you'll enjoy this episode. Thanks for listening! For those who are interested in even more detail about Medicare premium adjustments, check out our blog post covering the same topic at https://pw-wm.com/learn/tax-planning/why-are-my-medicare-premiums-so-high/.

If you have concerns about how inflation could affect you in 2023, schedule your 15 Minute Retirement Check-Up Call to talk with a retirement planner here: https://bit.ly/3bDqHU -- New Year 2023 brings with it some positive changes, believe it or not, all thanks to inflation. In this episode of Retiring Today, Loren Merkle and Molly Nelson discuss the impact inflation and government changes have on your pre-retirement or retirement plans for 2023. We will go in-depth about tax bracket changes, updated contribution limits, Social Security Cost of Living Adjustments, Medicare Premiums and more. Loren Merkle, CERTIFIED FINANCIAL PLANNER™, RETIREMENT INCOME CERTIFIED PROFESSIONAL®, CERTIFIED FINANCIAL FIDUCIARY® Molly Nelson, Host of Retiring Today Richelle Smith, Producer of Retiring Today

Free Copy of My Book: Building Wealth In the TSP: Your Road Map To Financial Freedom as A Federal Employee: https://app.hawsfederaladvisors.com/free-tsp-e-book FREE WEBINAR: "The 7 Biggest FERS Retirement Mistakes": https://app.hawsfederaladvisors.com/7biggestmistakeswebinar Want to schedule a consultation? Click here: https://hawsfederaladvisors.com/work-with-us/ Submit a question here: https://app.hawsfederaladvisors.com/question-submission I am a practicing financial planner, but I'm not your financial planner. Please consult with your own tax, legal and financial advisors for personalized advice.

On this podcast Joel Garris & Kristin Kalley discuss losing some of your social security due to means testing of Medicare premiums. Plus, tax reporting things you need to know if you use cash apps. These topics and more on this week's radio show/podcast at https://www.nelsonfinancialplanning.com/broadcasts/originally aired 12/5/2022

In this week's episode of Your Life Simplified, Mike MacKelvie wealth advisor, and special guest Kevin Ahern, Human Resources Manager, discuss Health Savings Accounts and the 5 benefits of having one.   0:00: Intro 01:30 Benefit #1 – Triple Tax Saving 02:04 Benefit #2 – Portability 03:53 Benefit #3 – Medicare Premiums 05:35 Benefit #4 – Investment Control 06:17 Benefit #5 – Tax-free Withdrawals after the age of 65 12:29 Outro & Disclosures     

In the seventh episode of the series “What We're Reading”, Josh and Austin are covering a variety of different newsworthy topics. They discuss the biggest drop in home-prices since 2009, current investor sentiment, Medicare Part B premium cuts, and even some recent drama between Kim Kardashian and the SEC. Listen now!For full transcript, resources, and transcript, visit theinvesteddads.com/150Visit our website here!

Every year the Medicare and You Handbook is printed and mailed out before the first of October to all Medicare beneficiaries to help guide them with Annual Enrollment (which goes from October 15 until December 7). The handbook states that at the time of printing, premiums and deductible amounts for Medicare Parts A, B, and D were not available. Well, guess what? The 2023 Medicare Part A and B premiums and costs were released by the Centers for Medicare & Medicaid Services (CMS) early! Here's everything you need to know about the 2023 Medicare deductibles and premiums.See omnystudio.com/listener for privacy information.

In 2023 the premium for Part B Medicare will be going DOWN. In today's episode we talk about how just one drug screwed up the forecasted premiums for 2022, and how that's being adjusted out in 2023. 

Paul shares the Medicare premiums for next year as well as other Medicare news

Kelley looks at the issues that will present themselves in the future with tax-deferred retirement savings and offers some solutions.  Challenges you could potentially face include snowballing required minimum distributions, possible higher Medicare premiums, and a tax burden on your heirs.  Solutions presented include shifting savings from pre-tax to Roth and considering Roth conversions.  She also talks about retirement regrets to avoid and how to make sure you can enjoy the lifestyle you want and then breaks down how interest rate hikes could be an additional challenge in your retirement planning. You can reach Kelley Slaught by calling 800-838-8060. California Wealth AdvisorsSee omnystudio.com/listener for privacy information.

Ed looks at the issue that will present themselves in the future with tax-deferred retirement savings and offers some solutions.  Challenges you could potentially face include snowballing required minimum distributions, possible higher Medicare premiums, and a tax burden on your heirs.  Solutions presented include shifting savings from pre-tax to Roth and considering Roth conversions.  He also talks about retirement regrets to avoid and how to make sure you can enjoy the lifestyle you want and then breaks down how interest rate hikes could be an additional challenge in your retirement planning. You can reach Ed Storer and the team by calling 800-563-7030. The Wealth Training AcademySee omnystudio.com/listener for privacy information.

Marty looks at the issue that will present themselves in the future with tax-deferred retirement savings and offers some solutions.  Challenges you could potentially face include snowballing required minimum distributions, possible higher Medicare premiums, and a tax burden on your heirs.  Solutions presented include shifting savings from pre-tax to Roth and considering Roth conversions.  He also talks about retirement regrets to avoid and how to make sure you can enjoy the lifestyle you want and then breaks down how interest rate hikes could be an additional challenge in your retirement planning.See omnystudio.com/listener for privacy information.

Paul looks at the issues that will present themselves in the future with tax-deferred retirement savings and offers some solutions.  Challenges you could potentially face include snowballing required minimum distributions, possible higher Medicare premiums, and a tax burden on your heirs.  Solutions presented include shifting savings from pre-tax to Roth and considering Roth conversions.  He also talks about retirement regrets to avoid and how to make sure you can enjoy the lifestyle you want and then breaks down how interest rate hikes could be an additional challenge in your retirement planning. You can reach Paul Roberts and the team of All-Star Advisors by calling 800-891-8680. Roberts Wealth ManagementSee omnystudio.com/listener for privacy information.

Pual shares info on Medicare premiums for 2023 plus how to register for the upcoming Medicare workshop at Valley Strong Credit Union

Mo covers challenges you could face down the road in your life if all of your investment savings are in tax deferred accounts.  He looks at implementing a tax bucketing strategy to include taxable, pre-tax, and tax-free.  We're all feeling inflation now but in the second segment Mo offers strategic tips to combat would could be pain felt later due to rising interest rates. CloudVestorsSee omnystudio.com/listener for privacy information.

Free Book: Building Wealth In the TSP: Your Road Map To Financial Freedom as A Federal Employee:https://app.hawsfederaladvisors.com/free-tsp-e-book FREE WEBINAR: "The 7 Biggest FERS Retirement Mistakes": https://app.hawsfederaladvisors.com/7biggestmistakeswebinar Want to schedule a consultation? Click here:https://hawsfederaladvisors.com/work-with-us/ Submit a question here: https://app.hawsfederaladvisors.com/question-submission Check out the full article here: https://hawsfederaladvisors.com/blog/ Check out "Building Wealth in The TSP" on Amazon: https://amzn.to/2FytP9W I am a practicing financial planner, but I'm not your financial planner. Please consult with your own tax, legal and financial advisors for personalized advice.

Bloomington roots grow deep when these 2 individuals get to talking. Join David and his Guest Martin James as they embark on a 3-part series, this is part 1 of 3.  Martin James is a recovering CPA now turned Fly Fishing Instructor. Martin is a Charter Member in the Ed Slott's Elite Group with David.  This episode begins with discussions about previous Final Drive episodes on managing your taxes: Medicare Premiums, Roth Conversions, tax changes coming, and more. https://www.cfci.us/2025-the-final-drive

Prescribing a Roth to reduce Pre-Medicare Premiums – or maybe eliminate the cost all together. Listen to David as he discusses a real-life scenario where a client saved money doing this exact thing! https://www.cfci.us/2025-the-final-drive Share with a Friend

Prescribing a Roth to reduce Pre-Medicare Premiums – or maybe eliminate the cost all together. Listen to David as he discusses a real-life scenario where a client saved money doing this exact thing!  https://www.cfci.us/2025-the-final-drive

Join Nick Hopwood, CFP® and Preston Gee of Peak Wealth Management as they discuss how to diversify retirement income  sources with consideration to income tax and increasing medicare premiums. What are the things you need to consider as you make portfolio withdrawals? They discuss this and more today. — Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we inspire our clients to make great decisions so they can Retire With Confidence.

If forgetful Medicare participants overlook the need to pay premiums when due, protection can be removed and financial disaster can ensue. This episode offers methods by which a responsible relative or friend may head off problems of this nature before irreversible damage is done. Also, a hint is shared that might make visits to the doctor a little more convenient. Contact me at: DBJ@MLMMailbag.com (Most severe critic: A+)   Inspired by: "MEDICARE FOR THE LAZY MAN 2022; Simplest & Easiest Guide Ever!" on Amazon.com. Return to leave a short customer review & help future readers. Official website: https://www.MedicareForTheLazyMan.com

Chief Investment Officer Troy Harmon, CFA, CVA, Managing Associate K.C. Smith, CFP®, CEPA, and Research Analyst Nick Antonucci, CVA, CEPA, address how some seniors may face Income-Related Monthly Adjustment Amounts to their Medicare Premiums and provide some perspective when dealing with the additional cost. Read the Article: https://www.henssler.com/financial-planning-and-medicare-premiums-go-hand-in-hand Get our great content in your inbox! Sign up for the Money Talks Newsletter: https://www.henssler.com/newsletters/ 

This week on “Money Talks,” Chief Investment Officer Troy Harmon, CFA, CVA, Managing Associate K.C. Smith, CFP®, CEPA, and Research Analyst Nick Antonucci, CVA, CEPA, address the Russia-Ukraine conflict and its affect on the markets. They also touch on the second reading of fourth quarter 2021 GDP. K.C. addresses how some seniors may face Income-Related Monthly Adjustment Amounts to their Medicare Premiums and provides some perspective when dealing with the additional cost. The experts round out the show answering a listener's question of “what next?” after he sells his business. Check out the show segments using the chapter controls in the player above.Market Roundup: Covering the week of Feb. 21 – Feb. 25, 2022Case Study: Income-Related Monthly Adjustment AmountsQ&A Time: You've Sold your Business—Now What?

Explanation of income-based Medicare premium surcharges known as IRMAA, Income Related Monthly Adjustment AmountsLinks in this episode:2022 Medicare IRMAA amounts - hereForm SSA-44 - hereFacebook group - Taxes in RetirementYouTube channel - Retirement Planning DemystifiedNewsletter - Retirement Planning Insights

A sizable Social Security cost of living adjustment takes effect in 2022.  For most recipients however, that increase will be offset, and in some cases exceeded by, an increase in Medicare premiums. CFN's John Walker and Tim Joseph, CFP, CPA, detail the reasons for the current steep increase in Medicare costs. They also discuss what you can do to reduce your annual taxable income to help ensure that you are paying the smallest possible amount in Medicare premiums. Listening Time: 19 minutes

Paying for Medicare? Premiums are going up in 2022 - we discuss how, why, and how to best handle the rising costs of healthcare.

During this episode, we're going to examine some of the financial changes coming to Medicare in 2021, as well as some general insights and advice into this essential retirement tool.

With Melissa Wright, Certified Financial Planner at Compak Asset Management

During this episode, we're going to examine some of the financial changes coming to Medicare in 2021, as well as some general insights and advice into this essential retirement tool.

During this episode, we’re going to examine some of the financial changes coming to Medicare in 2021, as well as some general insights and advice into this essential retirement tool.

During this episode, we’re going to examine some of the financial changes coming to Medicare in 2021, as well as some general insights and advice into this essential retirement tool.

During this episode, we’re going to examine some of the financial changes coming to Medicare in 2021, as well as some general insights and advice into this essential retirement tool.

During this episode, we're going to examine some of the financial changes coming to Medicare in 2021, as well as some general insights and advice into this essential retirement tool.

With the 2021 Medicare Part B premium information now available, everyone with Medicare should take time over the next few weeks to review their options during Medicare Open Enrollment. Many of us have been inundated by companies trying to sell us on a Medicare plan. We are in luck... We have a non pushy, down to earth, experienced agent that will talk to us about our individual needs. You can find out nearly everything you need to know by going to Medicare.gov website and spending endless hours hunting for information that you didn't know you needed to know. What if you don't find the answer or you pick the wrong answer? Call Steve Baker instead! Annual Enrollment Period (AEP) begins Oct. 15 and ends Dec. 7. This annual event is your opportunity to review your coverage and make changes that will take effect on Jan. 1. There are some very important items to take care of NOW. Remember to call Steve Baker to find out the important decisions you can make now to take effect on January 1st 2021. Steve Baker - 832-754-3292 BakerSeniors.com --- Send in a voice message: https://anchor.fm/bakerseniors/message

During this episode, we're going to examine some of the financial changes coming to Medicare in 2021, as well as some general insights and advice into this essential retirement tool.

Early on we had a mouth-watering discussion of the best Ruben sandwiches ever served in Arizona.At minute 10:00 the fun stopped and the Medicare started. Following that was a short dissertation on the history and origins of radio station call letters.Inspired by "MEDICARE FOR THE LAZY MAN 2020; Simplest & Easiest Guide Ever!" on Amazon.com and BarnesandNoble.com. Return to leave a short customer review & help future readers.Official website: https://www.MedicareForTheLazyMan.comSend questions & love notes: DBJ@MLMMailbag.com

In this podcast: Watch it on YouTube: https://youtu.be/NA7g42RyQrE In this podcast: 1. The ACA goes in front of the Supreme Court 2. Medicare Premiums and Deductibles Announced 3. Deadlines approaching to change Medicare Advantage, Part D 4. healthcare.gov is difficult Your first call has no-obligation and is FREE https://calendly.com/justjae/30min Be sure to SUBSCRIBE to this Channel: bit.ly/2ZX9st7 CONNECT: Sign up for the MYM Newsletter: http://eepurl.com/dhigN5 Maximize Your Medicare Facebook Group: https://www.facebook.com/groups/32134 Book website: http://www.maximizeyourmedicare.com Twitter: https://twitter.com/JaeOhCFP Twitter: https://twitter.com/MaxYourMedicare --- Support this podcast: https://anchor.fm/muchmorethanmedicare/support

Host JC Scott speaks with Mark Newsom, the principal and founder at Health Evaluations LLC, on one of the executive orders Trump signed on drug pricing that affects prescription drug rebates for public programs. Newsom discusses how prescription drug premiums will certainly increase with the implementation of this rule.What a Post-Rebate System Would Look Like For PBMs: With the removal of rebates for such programs, many players in the system are skeptical about how the shift in power will disturb the establishment of drug prices. Newsom speculates the balance shifting towards consumers sticking to the pricier branded drugs rather than their generic counterparts.The Executive Order Could Still Have Its Meaning Altered: JC and Mark discuss what mysteries await with how Secretary of Health and Human Services, Alex Azar, moves forward with Trump's order. Newsom also brings up how big changes in sectors such as pharmaceuticals and healthcare would bring risks if not properly tested and ironed out beforehand.Taking a Step Back to See What is and isn't Working: Newsom gives his own take on how the system as whole can fix the issues being presented while also keeping every party happy. From creating sufficient competition without giving one stakeholder too much leverage to how out-of-pocket protection can be implemented, most problems can be solved when everyone is on the board to discuss.You can subscribe to The Pharmacy Benefit on Spotify, Google Podcasts, Apple Podcasts, and all other major platforms.

How closely did you look at your Medicare premium notice letter this past December? If it mentioned an IRMAA adjustment, and you experienced a life-changing event, you may want to look again. There's a few steps you can take that can save you thousands of dollars in Medicare premiums. In this episode, we are breaking down the the tax cliff known as IRMAA and how proper planning can help you avoid overpaying for your Part B and Part D Medicare premiums. YouTube recap: https://youtu.be/BQ7K_DeJiHs What is IRMAA? This often misunderstood or overlooked area of the tax code is how Medicare determines the premiums that are automatically taken from your Social Security check. IRMAA stands for Income Related Monthly Adjustment Amount. Understanding the IRMAA threshold is key to understanding your Medicare premium.  Watch out for the IRMAA tax cliff Generally, when you think about Medicare you think about age 65 and above. It’s actually important to begin thinking about Medicare when you are 63. Your Medicare premium at age 65 is actually based on the income that you made 2 years prior. So if you were in one of the higher income brackets before you retired, your Medicare premium will reflect that. There are 5 tiers of IRMAA and if you go even $1 over you will be knocked into the next bracket. If you end up in the highest tier you could be paying over $4000 in extra Medicare Part B premiums.  How can you plan ahead? Now that you know about IRMAA you can begin to plan ahead. If your AGI is $87,000 or less for singles or $174,000 or less for a married couple then you will qualify for the Medicare Part B baseline premium which is $144.66 per person per month. It’s important to understand your income sources and whether they are taxable or not. Knowing where you fit in the IRMAA tiers will save you money. Listen in to hear more about IRMAA and how it can affect your retirement plans.  What can you do to appeal? If you didn’t plan ahead and are stuck with high premiums you may be able to appeal. You can appeal based on marriage, divorce, death of a spouse, work stoppage, work reduction, or loss of income. If you qualify for an appeal then you’ll need to fill out an SSA44. There are 5 steps to follow to appeal process. Listen in to discover what you can do if IRMAA has got you down.  Outline of This Episode [3:27] Which parts of Medicare does IRMAA affect? [7:20] An example [9:55] How can you appeal? Resources & People Mentioned IRMAA Tables Connect with Grayson Blazek Connect With Chad and Mike https://www.financialsymmetry.com/podcast-archive/ Connect on Twitter @csmithraleigh@TeamFSINC Follow Financial Symmetry on Facebook Subscribe To This Podcast

Retire with MONEY helps you plan for and live a richer life in retirement, providing practical insight, expert advice, and helpful tips on how to save for the future you hope to achieve.

00:58 - This budget deal is awful. The House of Representatives passed a spending bill ahead of a looming shutdown, and James claims it's quite possibly the worst spending bill in the history of America. It explodes the deficit, and the details are even worse. 11:51 - Boeing suspends production on the 737 Max jets. Gregory sees this as a bad sign of how things are going for Boeing trying to rebound. 14:35 - Gregory invites you to check out some of his public events next month. Are you looking for a Financial Advisor? There's a Wine, Wisdom, and Food Experience at Keith Young's in Madisonville. If you would like to come check out Gregory's new Gulfport location and meet him, there's an open house at the Gregory Ricks and Associates office. If you're having Social Security issues, there's Lunch and Learn coming up covering Social Security. Meet Gregory, get a nice box lunch, and get your Social Security questions answered. 19:26 - We review two great callers from Saturday's show trying understand how their Medicare premiums work. John in New Orleans is getting hit with a huge jump in Medicare premiums since beginning his Required Minimum Distributions from his IRA. Is there anything you can do to reduce those Medicare premiums? Dale in Long Beach is having some issues with his Medicare Premiums, and wants to know if shifting money into different financial products could help. Gregory explains how the Medicare premium tiers work. http://www.WinningAtLife.com

00:14 - The Dangers of Store Credit Cards. A report shows one of the biggest financial mistakes made over the holidays is signing up for new store credit cards. The interest rate on some of these cards is 30%! 09:55 - Gregory shares the story of a local retiree who had used the File and Suspend option on his Social Security record, and was surprised when he started receiving checks automatically at age 70. Gregory explains how the now-extinct File and Suspend option works, and how you can take advantage of retroactive benefits. 16:55 - John in New Orleans is getting hit with a huge jump in Medicare premiums since beginning his Required Minimum Distributions from his IRA. Is there anything you can do to reduce those Medicare premiums? 22:11 - Dale in Long Beach is having some issues with his Medicare Premiums, and wants to know if shifting money into different financial products could help. 28:18 - More Americans are choosing to die at home. For the first time in decades, more Americans who died of natural causes chose home hospice care over staying in the hospital. 34:31 - Robert in Thibodaux has some questions about his mom's irrevokable trust. 38:18 - We continue the discussion on how you can be ready to die in the comfort of your own home when the time comes. It takes a little more planning, and isn't free, but you can make it happen. 52:33 - Are you really all up to date with you Beneficiary Designations? What about your Alternate Beneficiaries? The end of the year is a good time to make some updates to your financial plan. 56:05 - China and the US announce they have agreed to a framework for Phase One of the new trade deal, and dodging the new tariff deadline set for Sunday. One side of the media is saying it's awful, the other side says it's great, and we say we don't know because NO ONE HAS SEEN THE TEXT. 1:11:40 - Byron in Houma is self employed and is concerned his business structure keeps his taxes low, but his Social Security record has suffered as a result. 1:17:39 - A comment card from Gregory's latest public speaking event asks for guidance on how to handle an inherited IRA. How do you settle up the taxes, satisfy the Required Minimum Distributions, and invest that money? http://www.WinningAtLife.com

It was recently announced that the Medicare Part B monthly premiums and the annual deductible would be higher in 2020, so how is this amount calculated? We turn to Don Cash to explain Medicare premiums, IRMAA surcharges, and how it breaks down into different tiers.   Show Notes and Additional Resources: https://doncashpodcast.com/podcast/understanding-2020-medicare-premiums-and-irmaa-surcharges/   On This Episode:  0:32 – We made it through Thanksgiving (maybe a little heavier). 1:43 – In the News: It’s IRMAA Medicare season and more people are getting letters saying they’ll be paying a surcharge. Don explains. 6:16 – The five different tiers for surcharge levels. 7:44 – Where do people run up against these charges? 9:58 – Final thoughts from Don on IRMAA 11:39 – Time for Cash Connection 11:50 – Mailbag question: I’m in my mid-50s and I don’t have much saved for retirement at all. But I own my own business and I’m having a huge year so I’ll have some profits to invest. Can you give me some places to start? 14:11 – Getting to Know Don: What is your ideal way to relax after a long day or week of work?

This week, the podcast focuses on some trends in housing that have some disturbing implications for older adults. But I also wanted to update listeners on the final numbers for next year on the Social Security cost-of-living adjustment (COLA).So, the podcast is a bit of a twofer this week. Medicare premiums and Social SecurityThe Social Security COLA was announced in October - but the real COLA isn’t apparent until Medicare announces premiums for the year ahead. That’s because Part B premiums are deducted from Social Security checks. Medicare released those figures late in the day last Friday - probably hoping no one was paying attention heading into the weekend, because the numbers are not pretty. The standard premium for Medicare Part B (outpatient services) will jump 6.7% to $144.60 next year, and the  annual deductible will jump by a similar amount. The earlier-announced Social Security COLA is 1.6% - but the net COLA will be much smaller for most beneficiaries. For example, if your Social Security benefit is $1,500, your COLA will be just under 1% - an increase of 14.90 rather than $24. Learn more about this in my column this week for Reuters Money.Housing inequality has hit unprecedented levelsMy guest on the podcast this week is Jennifer Molinsky. She’s a  senior research associate at the Joint Center for Housing Studies of Harvard University (JCHS), and a lecturer at Harvard’s Graduate School of Design. At JCHS she works on housing policy and planning issues including homeownership, housing for older adults, and land use regulation. Jennifer is co-author of a new report that sheds light on how inequality is impacting older Americans, with a particular focus on housing.The report finds slipping rates of home ownership, especially among racial minority groups. It also found a growing share of older households are carrying mortgages and other types of debt into retirement.And here’s the finding I found most disturbing: the number of cost-burdened households aged 65 and over grew by more than 200,000 to a new high of nearly 10 million. The Harvard researchers define “cost-burdened” as paying more than 30% of income for housing. And out of this group, about 5 million of these households were severely burdened, paying over half their incomes for housing.Listen to the podcast by clicking on the player icon at the top of this page.Subscribe now!This is a listener-supported project, so please consider subscribing. The podcast is part of the subscription RetirementRevised newsletter. Subscribers have access to all the podcasts, plus my series of retirement guides on key challenges in retirement. Each guide is paired with a podcast interview with an expert on the topic; the series already covers Social Security claiming and the transition to Medicare, and how to hire a financial planner. The most recent looks at the critical decision between Original Medicare and Medicare Advantage. You can subscribe by clicking the little green “subscribe now” link at the bottom of this page, or by visiting RetirementRevised.com. And if you’re listening on Apple Podcasts, Spotify or Stitcher, I hope you’ll leave a review and comment to let me know what you think. This is a public episode. Get access to private episodes at retirementrevised.substack.com/subscribe

In this episode, Christian talks about what you can deduct from your taxes with your Medicare premiums and copays and expenses! Christian Brindle is the founder and president of Christian Brindle Insurance Services located in Sandy, Utah. At 28 years old, he is an expert in the industry and has helped hundreds of people with their Medicare needs throughout his career spanning the last 8 years. Christian grew up around the insurance industry, as his father has worked with people on Medicare for over 30 years. Christian has written multiple books specifically about Medicare, including “Medicare Guidance: Picking the Plan For You” and “The Insurance Funnel: 9 Simple Tests Every Insurance Policy Must Pass Before Purchase”. Christian is licensed in the following 33 states, and counting: AL, AR, AZ, CA, CO, FL, GA, ID, IL, IN, KS, KY, LA, MD, ME, MI, MO, MS, NC, NE, NV, OH, OK, OR, PA, SC, TN, TX, UT, VA, WA, WI, WV. If you would like to have Christian help you with your own Medicare, please contact his office at 801-255-5340.

Medicare Premiums can easily double for widows if they're not careful. In this video I show you how the tax code discriminates against widows who, with their spouses, saved money in IRAs. Now, when the first spouse dies, the surviving spouse is going to hammered by the tax code AND could easily pay double for Medicare. This would seem to be an issue many people would want to focus on, right? Well, no. For some reason, the taxation to surviving spouses escapes most peoples and advisors radar. I don't know why, but if there is anything that God has put me on earth to do is to explain how widows will pay more in tax, at at time they can least afford it. Don't let this be you!!! Strategize now with your tax person, your advisor, with your computer software...anything and everything that will help you see the light. Your surviving spouse will PAY if you don't do something! https://www.kitces.com/blog/bipartisan-budget-act-2018-irmaa-medicare-premium-surcharges-tuition-and-fees-deduction/ https://www.kff.org/medicare/issue-brief/medicares-income-related-premiums-under-current-law-and-proposed-changes/ https://www.kiplinger.com/article/retirement/T039-C000-S004-medicare-surcharges-have-costly-effects.html --- Support this podcast: https://anchor.fm/josh-scandlen-podcast/support

Medicare premiums are MEANS-TESTED! Let me state that again...Medicare premiums are MEANS-Tested! What does that mean? Well, simple. You pay higher premiums the more income you have. "Oh, that's only for rich people!" You might be thinking. Uh huh. Think again. In this video I show you how a single taxpayer, let's say a widow, can have her Medicare Part B and D premiums increase by 100% with only a 20% increase in income. Think it can't happen to you? Well, your Medicare premiums are based on your Modified Adjusted Gross Income (MAGI). MAGI is ALL the income you receive PLUS your tax-exempt interest. MAGI is before you use your Standard Deductions or itemized deductions you may claim. Remember, there is a huge difference between TAXABLE income and Gross Income. And there is another difference between Gross Income and Modified Adjusted Gross Income too. If you are ignorant of how this works, you can easily be paying Medicare Premiums well above what you anticipated when you first went into retirement. Don't let this be you. Plan accordingly. In fact, start planning in your 50s so you can avoid leaving your surviving spouse a huge tax bill. Because by then it's too late to change tactics. At that point, it's just pay the tax man and hope he or she will be okay. https://www.ssa.gov/pubs/EN-05-10536.pdf https://youtu.be/VvS_L4AjHhs https://youtu.be/bbahmyGa31c --- Support this podcast: https://anchor.fm/josh-scandlen-podcast/support

With a Roth there are NO required minimum distributions (RMDs). This means you can allow your Roth to grow for as long as you are breathing without ever having to take any money out. A traditional IRA, 401k, 403B or TSP all require at age 70½ you begin taking a percentage out of the account in order to pay tax on it. What if you don't need the money? Doesn't matter. The IRS needs it more and they will get it starting when you turn 70 ½. Let's say you are 70 years old and have $100,000 in your traditional IRA. Your RMD will be $3,649.63. How did I get that? Just take your account balance from the end of the previous year, find your age at the end of this year on the IRS table below and divide that corresponding number into your account balance. Now, I can hear some saying “Josh, paying tax on $3,649.63 is no big deal. I'm in the 12% bracket so it will only cost me around $400 in taxes.” I agree. The first few years of RMDs are so small you probably won't even notice the tax hit. In fact, your account will probably grow more than your required distributions. How about when you get older though? At 82, say you still have $100,000 in your account, your RMD will have increased 60% to $5,847.95. These RMDs begin to add up when it comes to the taxes you pay on your Social Security as well and, unbeknownst to most, your Medicare Part B and D premiums too! How Medicare Premiums Double...or Worse! Medicare premiums are means-tested which means the higher your income the more your premiums will be. We aren't talking chump change here either, folks. A single taxpayer with a Modified Adjusted Gross Income (MAGI) of less than $85,000, pays $134 in monthly Medicare Part B premiums and $34 in Part D premiums But once that taxpayer goes above $107,000 in MAGI, her monthly premiums double from $168 to $335! MAGI = All Income Before Deductions (excluding Roth) The higher the MAGI, the larger the premium. The maximum premium for Medicare is $504.80 per beneficiary, which is an increase of nearly 400% from the lowest premium! Higher RMDs = higher taxable income = much higher Medicare premiums. --- Support this podcast: https://anchor.fm/josh-scandlen-podcast/support

Income Tax Planning in retirement is CRUCIAL!!  Mike explains how to minimize your taxes on Social Security, avoiding the surtax on Medicare Premiums, and how to prevent tax bracket “creeping.”

IRA distributions could have a negative impact on Medicare premiums at retirement. Learn and understand the threshholds as well as viable options in order to avoid Medicare premium increases...

Hey Medicare Nation! It's January 2018! I hope everyone made informed decisions regarding your Medicare Advantage Plans for 2018. If you missed the last episode, go back and listen to it! I discussed the Medicare Premiums, co-pays and co-insurance for 2018. Many of you have sent me emails "asking me" if you can change your Medicare Advantage Plan in January. The answer is......yes....with specific guidelines. Currently, it is the Medicare Advantage Plan "Disenrollment Period." The current Disenrollment Period runs from January 1st through February 14th each year. During this time, you can "drop" your Medicare Advantage Plan and go back onto Original Medicare. You do this by contacting MEDICARE by phone     800-633-4227.....and telling the Medicare representative that you would like to "Disenroll from your Medicare Advantage Plan" to go back onto Original Medicare. Medicare may also help you with a Part D prescription Drug Plan if you'd like. On Original Medicare, you are covered under Part A and Part B of Medicare.  Under Part A....you are covered for Medicare benefits where you would stay at a location as an "inpatient." The most common location is .....The Hospital. Another location where you stay overnight as an inpatient is....a Skilled Nursing Facility (SNF). A SNF is NOT a Nursing Home. An SNF is a location where you are admitted as an inpatient to receive medical care and rehab 24hrs a day. Also..... if you are diagnosed with a terminal illness, your doctor may suggest you enter Hospice as an inpatient.  All the services covered in the Hospital, SNF and Hospice are covered under Part A of Medicare. There is a "Deductible" each time you are admitted to the Hospital. The Deductible cost for being admitted as an inpatient in the hospital is $1,340.00 in 2018. The Deductible is due EACH benefit period you are admitted. Part B of Medicare is for "Outpatient Services." Benefits under Medicare for Outpatient Services covered under Part B include, but not limited to: * Doctor Vists * MRI's * Laboratory Blood Draws * Outpatient Same Day Surgery  * Oxygen in your home There is an "Annual Deductible" for Part B of $183.00. After you pay your $183.00 annual deductible, you will be responsible for the remaining 20% Medicare Allowable Charges for services under Part B. What does that mean?  Let's say you already visited your Cardiologist and had bloodwork drawn at Quest or Labcorp. We'll say your out-of-pocket costs for both cost a total of $183.00. That takes care of your annual Part B deductible for 2018. Now....let's say three months later.....you need to have an MRI. We'll say the Medicare allowable cost is $1,500.00. Medicare Part B covers 80% of the $1,500.00, which is $1,200.00. You will be responsible for the remaining 20%, which is $300.00. You will pay 20% of ALL Part B Medicare Allowable Charges. There is NO Cap! You may also need Prescription Drug Coverage. Prescription Drugs are NOT covered under Part A or Part B in general. Prescription Drugs will be covered while you are admitted to one of the facilities under Part A.  If you want Prescription Drug coverage, you WILL need to enroll in a stand-alone-prescription-drug-plan. You can find which Prescription Drug Plan (PDP) is available in your area, by going onto the Medicare.gov website and "hover" over the FIRST Blue Box named "Sign Up/Change Plans." A column will appear and go down to where it reads..."Find Health & Drug Plans." "Click" on that box and it will bring you to the Medicare Plan Finder site. Type in your zipcode and follow the instructions.   If you are comfortable with the costs associated with Original Medicare Parts A & Part B.....then that's all you need to do. If you'd like to add additional coverage to protect you against the on-going out-of-pocket costs associated with Original Medicare, you can purchase a Medicare Supplement (a.k.a. Medi-Gap) Plan. A Medicare Supplement Plan is an Insurance Policy, where you pay the insurance carrier a monthly premium and the plan will pay Medicare out-of-pocket costs that you have pre-determined. Medicare Supplement Plans "VARY" in coverage and in premiums. The "Medicare Benefits" they pay for you, are the SAME, no matter where you live in the U.S. So.....if you chose a Supplement Plan "F," which is the policy which pays ALL your out-of-pocket costs for Medically Necessary services under Medicare, and you live in Seattle, WA.......you will be covered for the EXACT SAME Medicare benefits as a person living in Tampa, FL. What is different you ask? The difference is in the PREMIUM you pay. Insurance Carriers that offer Medicare Supplement Policies charge DIFFERENT  Premiums! You NEED to know what the difference in Premiums are by EACH Insurance Carrier for the SAME TYPE OF PLAN. Here's an example: Mary is turning 65 in March of 2018. Mary has a history of heart problems and would like to remain on Original Medicare and purchase a Medicare Supplement Plan "F" so that she can see ANY Cardiologist that is contracted with Medicare.... in ANY State.  Mary also wants to have a budget for her out-of-pocket health costs and having a Medicare Supplement "F" plan will allow her to do that. Mary lives in Miami, FL and calls her Medicare Specialist Diane. Mary discusses purchasing a Medicare Supplement with Diane and asks for her expertise and guidance. Diane tells Mary that the 3 lowest premiums in her zipcode have the following montly premiums: 1. $239.00 From Acme Insurance Co. 2. $250.00 From Beta Insurance Co. and  3. $275.00 From Delta Insurance Co. These premiums are for the EXACT same Plan with the SAME benefits! Why would you pay Delta insurance company $275.00 a month, when you can pay Acme Insurance Company $36.00 a month less....for the SAME benefits! That's why it's soooo important to speak with a Medicare Specialist or Medicare Consultant like myself. I speak MEDICARE! I care about YOUR best interests! I have NO loyalties to ANY Insurance Company!  You can also STAY on the Medicare Advantage Plan you are enrolled in. Do your Due Dilligenct to ensure you are doing what's best for your health and out of pocket costs for 2018.   I'm hear to help you if you need me! You can contact me by email at Support@TheMedicareNation.com You can contact me by phone: 855-855-7266. I will even answer your question by email if I can answer it in ONE paragraph! If I have to do any kind of research, you need to hire me as your consultant. My time is valuable and I want to do what's best for you! Thanks for listening Nation! Would love a Review if you would take a minute to do it for me! Leave me a "Voice" review at www.TheMedicareNation.com or ...... an iTunes review. Go to iTunes or Stitcher and in the SEARCH bar type in MEDICARE NATION MY show comes right up. "Click" on Subscribe and then click on Rating or Review. Leave me your feedback and if you can.....give us 5 stars! Thank you and have a Happy, Peaceful & Prosperous Week! Diane

BitCoin is going crazy. But, what is it, and should you be invested in it? Also, new laws might increase how much you have to pay in Medicare premiums next year. Learn all about it...

Hey Medicare Nation! The Center For Medicare & Medicaid Services has finally announced 2018 Premiums and deductibles for Part A & Part B of Medicare. Just as I had anticipated...... CMS has increased the Part B premium in 2018. A hefty amount....I might add. The 2018 Part B Premium for 2018 will be $134.00. Over 50 Million Medicare beneficiaries were protected by the "held harmless" regulation in 2017. Those Medicare beneficiaries did not see an increase in their Part B Premium for 2017, since the Part B Premium increase of $134.00 was higher than the Social Security COLA (Cost of Living Adjustment) of .3%. When Social Security approved a 2% COLA (Cost of Living Adjustment) for 2018, that gave Medicare the "go ahead" to increase the Part B premium.  As long as the Medicare Part B Premium is equal to or less than the Social Security COLA adjustment, the Part B Premium increase will go into effect.  Such is the case for 2018. With a 2% COLA increase in Social Security benefits, the majority of Social Security beneficiaries will see an increase of about $24-$25 in their Social Security benefit checks. Those same Social Security beneficiaries, make up about 70% of the Medicare population. CMS planned this out perfectly! The majority of Medicare beneficiaries that make up the same 70%, currently pay about $109.00 for their Medicare Part B Premium. If you add $25 to $109.00, you get........ $134.00! CMS adjusted the amount to become $134.00, to be aligned with the remaining 30% of Medicare beneficiaries, who currently already pay $134.00 for their Part B Premium. Now the majority of Medicare beneficiaries will be paying $134.00 a month for their Part B Premium in 2018. It's not rocket science people. Medicare needs more money to stay solvent.  When you take over 50 million people and add $25 a month in premiums.....that equates to BILLIONS of dollars A MONTH! Let's look at the remaining 2018 Deductibles: Part A Hospital Deductible - $1,340.00 per benefit period.  In English.....that means you pay $1,340.00 each time you are admitted to the hospital as an inpatient. Whether you are an inpatient for one day or sixty days, you will pay a $1,340.00 deductible. That's an increase of $24.00 from 2017. If you need to remain in the hospital for over 60 consecutive days, you will pay $335.00 per day from days 61-90 of a hospitalization. If you require more than 90 consecutive days in a hospital, you can use your "lifetime reserve" days. You are given 60 lifetime reserve days. When you use a lifetime reserve day....it's gone....forever.  Let's say you have a piggy bank that has 60 pennies in it. If you break open the piggy bank and take 1 penny out to use....you have 59 left in the bank. Works the same way for lifetime reserve days. Each lifetime reserve day you use, will cost you $670 per lifetime reserve day in 2018. An increase of $12. from 2017. Skilled Nursing Facility Medicare allows up to 100 consecutive days in a Skilled Nursing Facility. Days 1-20 as a inpatient in a Skilled Nursing Facility will cost you $0. Days 21-100 of extended care services in a Skilled Nursing Facility in the same benefit period will have a co-pay of $167.50 per day. If you require more than 100 consecutive days in a Skilled Nursing Facility, you are responsible for 100% of the charges.   Part B of Medicare Aside from paying $134.00 a month for being a "member" of Medicare Part B, you will also have out-of-pocket costs when you use outpatient services. The annual deductible for Part B in 2018 will be $183.00. That is the same amount as 2017. There will be on increase in the Part B deductible. Once you pay your Part B deductible, you will be responsible for 20% of the remaining Medicare allowable charge....under Original Medicare. Let's say you had to visit a Cardiologist and the Medicare allowable charge was $100.00 Medicare would pay 80% of the $100.00 and you would pay the remaining 20%. So....Medicare pays $80 and you would pay $20. You will continue to pay 20% of all Medicare allowable charges under Part B.   Advocacy Groups For Medicare Here are some national advocacy groups, fighting for your rights under Medicare, Medicaid and Social Security. Help the cause by volunteering or donating a few bucks to ensure the fight for your rights continue. National Committee to Preserve Social Security & Medicare   The National Committee is dedicated to protecting Social Security and Medicare benefits for all communities and generations.   Center For Medicare Advocacy   The Center for Medicare Advocacy’s mission is to advance access to comprehensive Medicare coverage and quality health care for older people and people with disabilities by providing exceptional legal analysis, education, and advocacy.   State Health Insurance Program   provide free, in depth, one-on-one insurance counseling and assistance to Medicare beneficiaries, their families, friends, and caregivers. SHIPs operate in all 50 states, the District of Columbia, Guam, Puerto Rico, and the U.S. Virgin Islands, and are grant-funded projects of the federal U.S. Department of Health and Human Services (HHS), U.S. Administration for Community Living (ACL).     Consulting During Medicare Annual Enrollment   If you would like to hire me as a consultant to assist you in comparing Medicare Plans or employer coverage, I am available to assist you.   Send me an email to Support@TheMedicareNation.com and send me your information and how I can assist you.   You can also go to the website - www.TheMedicareNation.com and "click" on the contact tab.   I am also available as a professional speaker or emcee for your event.   Thank you for listening to Medicare Nation!   I appreciate your support!   Diane Daniels  

Sign up for the Webinar!  2018 Changes for Social Security and Medicare Social Security Changes include: Social Security recipients will receive a 2% increase in 2018, which amounts to approximately $27 per Social Security recipient.  We won’t know until later this year, but this increase could be offset by rising Medicare Premiums. This increase may […]

Once you reach age 65 it is common practice to become part of the Medicare insurance system.  If you are also collecting Social Security benefits they will generally withhold your Medicare premiums from your SS checks instead of having you send them in separately.  For most beneficiaries, the government pays about 75% of your Medicare […] The post Medicare Premiums and Your Social Security Check 2017 appeared first on Help with My Social Security.com.

The Social Security Administration threw a wrench into a lot of retirees’ plans on last Thursday when it announced that there will be no cost of living adjustment, or COLA, for Social Security benefits in 2016. In addition to retirees’ Social Security income remaining flat, approximately 30% of Medicare beneficiaries will face an increase of […] The post Don’t let higher Medicare premiums derail your Social Security plan appeared first on Retirement Income Center.

The Social Security Administration threw a wrench into a lot of retirees’ plans on last Thursday when it announced that there will be no cost of living adjustment, or COLA, for Social Security benefits in 2016. In addition to retirees’ Social Security income remaining flat, approximately 30% of Medicare beneficiaries will face an increase of […]

- Melissa Wright, Certified Financial Planner at Compak Asset Management - Please call 1-800-388-9700 for a free review of your financial portfolio

If you have higher income, find out why you will pay an additional premium amount for Medicare Part B and Medicare prescription drug coverage.