FinanceBuzz

Depending on your plans for the future, your budget, and your health, Medicare Advantage might not be the best retirement healthcare solution for you.

The 9 Biggest Disadvantages to Medicare Advantage

Fortune

People very limited financial resources may qualify for Medicaid to help pay for health costs not covered by Medicare. Health care expenses often increase as people age, due to more health challenges and care needs. According to the Centers for Medicare & Medicaid Services, U.S. adults ages 65 and over...

Who is eligible for both Medicare and Medicaid?

Kiplinger

Medicare open enrollment runs from October 15 to December 7 each year. During this period, you can switch from original Medicare to a Medicare Advantage plan, or vice versa. You can also choose a new Advantage plan or new Medicare Part D prescription drug coverage. Knowing more about changes to Medicare taking effect in 2025 will help you select the best plan when the time comes.

Three Medicare Changes on the Horizon for 2025

SmartAsset

Medicare isn't free. This catches many retirees by surprise. Medicare has a reputation for simplicity. You turn 65 and get access to free universal health insurance. This is true to a certain degree, and that's one of the reasons the program is overwhelmingly popular among recipients. However, in practice, Medicare has many carve-outs and exceptions. […] The post Medicare Premiums: What You Should Expect to Pay in 2024 appeared first on SmartReads by SmartAsset.

Medicare Premiums: What You Should Expect to Pay in 2024

Your article was successfully shared with the contacts you provided. Executives of CVS Health, the company that owns Aetna, are giving early hints about why Medicare plan menus may shoot to the top of financial professionals’ priority lists this fall. Tom Cowhey, the CVS chief financial officer, warned securities...

Aetna May Let Medicare Plan Enrollment Fall 10% in 2025

You may be planning to receive Social Security benefits when you reach your retirement age or become eligible, but you may not know that you can lose some of all of your benefits for a variety of reasons -- some of which could be out of your control. Benefits through...

Four Ways You Can Lose Your Social Security Benefits

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Jesse Slome

Millions of seniors will wake up January 1st only to realize their Medicare plan coverage has changed and that it's too late to act. Fortunately Medicare provides an annual opportunity for seniors to review coverage for the coming year. If a better plan would offer improved coverage or yield savings, switching is possible.

Seniors Need To Prepare Now For Medicare's Annual Enrollment Period

Social Security beneficiaries should prepare for several changes in 2025 that will impact their monthly benefits. The most significant adjustment will be the cost-of-living adjustment (COLA), which is estimated to be around 2.7% based on current inflation trends, according to the Senior Citizens League. However, higher-than-expected inflation could push this number even higher.

Social Security’s 2025 COLA estimate updated

Switching your Medicare Part D plan may help maximize your prescription drug coverage and help save money. Medicare Part D plans may change some coverage benefits from year-to-year, and verifying any plan changes before Medicare’s annual open enrollment gives you the opportunity to switch to a plan that may fit your needs better.

8 Reasons to Switch Medicare Part D Plans

Veronica Charnell Media

New maximum payment amounts for SNAP benefits have been announced by the U.S. Food and Nutrition Service (FNS). In October 2024, the top amount available for claimants of Supplemental Nutrition Assistance Program (SNAP) benefits will increase across all 49 states and U.S. territories. There is one state that will see its maximum benefit drop. The new maximum rates will be in place for the duration of the 2025 fiscal year until the Cost of Living Adjustment (COLA) is set again for the 2026 fiscal year.

SNAP Update: New Snap Benefits COLA Payment Increase

If you get Social Security checks, keep an eye on the calendar: Certain beneficiaries will receive two payments in August. The scheduling change affects Supplemental Security Income, or SSI, which is a Social Security program that provides financial help to low- and no-income Americans who don't have many resources and are blind, disabled, or age 65 and up. According to the latest data from the Social Security Administration, about 7.4 million people receive SSI every month.

Millions of Social Security Recipients Will Get 2 Payments This Month

The Social Security Administration has taken several actions that together ease the burdens for those claiming disability benefits. While the SSA process is separate from federal disability retirement, those applying for a disability benefit under FERS—which includes Social Security–must apply for a Social Security disability benefit at the same time. That’s because disability benefits for FERS employees are based on the expectation that they will be receiving both FERS and Social Security benefits and there is a formula for offsetting the two.

SSA Lowers Bar for Claiming Disability Benefits

The Motley Fool

It's important to know what the new year has in store.

These 3 Changes Are Coming to Medicare in 2025. Are You Prepared?

Social Security benefits are set to increase in 2025, with updated figures on the exact amount scheduled for release this fall. Here’s what you need to know about the upcoming adjustment. Projected Increase for 2025. The official numbers for the 2025 Social Security cost-of-living adjustment (COLA) will be announced...

BIG ANNOUNCEMENT: Social Security Cola Increase 2025 (What We Know)

August is another wonky month for Social Security recipients, with two changes to the normal calendar due to payment dates falling on the weekend. Roughly 68 million Americans receive Social Security benefits every month, including almost 9 out of every 10 people age 65 and up. Social Security funds aren't just for older folks, though. Payments go out to retirees, survivors of late workers, those with little to no resources, disabled workers, the blind, dependents and more.

When Social Security Recipients Will Get Their Checks in August

Starting next month, changes will be noticeable in the monthly benefit distribution schedule for Social Security beneficiaries, especially those dependent on Supplemental Security Income (SSI). These adjustments mean recipients may receive payments earlier or later than they typically expect. As a result, it’s vital that all SSI beneficiaries adapt their budgeting strategies to accommodate these changes.

Adjustments to social security payment schedule incoming

There have been many studies examining the potential positive and negative effects of caffeine on a person’s health. Much previous research has focused on how caffeine might impact heart health. A new study says that people who chronically drink high amounts of caffeine may increase their risk of cardiovascular...

Drinking high amounts of caffeine 5 days a week may increase heart disease risk

“I am worried about a phone call I received from someone claiming to be from Medicare who had my personal information and was verifying it. The caller mentioned that I would receive a new plastic Medicare card with a chip the following day. It has now been over a week, and I still haven’t received the card. I think I may have made a serious mistake by confirming my details and responding to the questions the caller posed to me. What steps should I take or whom should I contact to verify if this was a legitimate communication from Medicare?” – Jeanette.

Latest Medicare Scam Targeting Seniors

This week, I had a personal experience with Medicare as my 92-year-old mother entered the final stage of hospice care. I feel it’s important to explain hospice so that those with a terminally ill loved one can understand its value. This information was provided by the hospice team caring for my mother.

What You Didn’t Know About Medicare and Hospice

TheStreet

When it comes to social security benefits, a few key factors impact how much financial assistance you'll receive. Here's what you need to know to maximize your benefits in 2024.

Age, lifetime income, and policy changes may impact how much you'll receive in Social Security benefits.

NewsBreak

Can you have a Medicare Advantage plan and a supplemental plan at the same time?

An individual cannot have a Medicare Advantage (Part C) plan and supplemental insurance plan, also called a Medigap plan, at the same time. If a person...

Can you have a Medicare Advantage plan and a supplemental plan at the same time?

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