Posts

Making the Most of Medicare’s Open Enrollment Period

With open enrollment season upon us, ask yourself a few questions to make sure you’re getting the most from Medicare.

October 4, 2018

Medicare’s open enrollment season is upon us. That means between October 15 and December 7, you are able to make changes to your Medicare Advantage and prescription drug coverage.

During this time, you can change from Original Medicare to a Medicare Advantage plan or vice-versa or switch from one Medicare Advantage Plan to another Medicare Advantage Plan. You can also join a Medicare advantage or Medicare prescription drug plan for the first time or drop your drug coverage completely.

Even if you’re satisfied with your current plan, open enrollment presents a great opportunity to make sure you’re getting the most out of Medicare. Every year you should compare your current plan to other plans in your area in case another plan offers better health and/or drug coverage at more affordable prices.

Full Article Here

Social Security Taps Trust Fund; Should You Be Worried?

For the first time since 1982, Social Security is dipping into its trust fund to pay benefits. What does this mean for future recipients?

June 11, 2018

The board of trustees for Social Security recently issued their 2018 annual report. Once again, this year’s report provided a dark reminder that the fiscal health of the program has further deteriorated. Like last year’s report, Social Security’s trustees said the program’s trust fund would be depleted in 2034. However, unlike last year, for the first time since 1982, Social Security has to dip into the fund to meet its obligations. Treasury Secretary Steven Mnuchin said in a statement that “lackluster economic growth in previous years” and an aging population have contributed to the shortage.