New York State

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Dicle Belul

Democratic U.S. Congressman Pat Ryan of New York has proposed the Improving Access to Emergency Medical Services for Seniors Act, aiming to introduce at-home care services under Medicare coverage. The bill advocates for a "treatment-in-place model" to provide minor health issue treatment at home, eliminating the need for Medicare patients to be transported to hospitals for reimbursement. This change attempts to alleviate the financial burden on taxpayers and recognizes the essential role of emergency medical service providers.

Expanding Medicare: Enhancing Care for Seniors

“Could you please explain what someone who is turning 65 and working full-time with employer benefits should do? I made a significant mistake by enrolling in Medicare when I turned 65 in May, and my Part B premium has increased significantly due to my income. I would appreciate guidance on how to discontinue my Medicare Part B.” -Tiffany.

Your Medicare Fix is Easier Than You Think!

CBS News

If you recently got an email from the Social Security Administration, don't ignore it. Millions of people who created an online my Social Security account before September 18, 2021, will soon have to switch to a Login.gov account to be able to continue to access their information, according to the agency.All users will soon need to have either a Login.gov or ID.me account to access their Social Security account and other online services, SSA said. More than 5 million account holders have already made the transition, part of an effort to simplify the process of signing in securely to access online...

Social Security recipients must update their online accounts.

The Social Security Administration (SSA) recently announced plans to distribute over $900 million in delayed payments for disabled individuals eligible under the Supplemental Security Income (SSI) program. The substantial sum will recompense eligible individuals who were incorrectly paid less over the past decade. The origins of these underpayments, which total...

SSA to correct underpayments with $900 million distribution

Business Insider

Nancy Pelosi was asked if Donald Trump had messed up in selecting JD Vance. She responded by   calling it a "great choice" and laughing.

Nancy Pelosi burst out laughing after being asked if Trump screwed up by picking JD Vance

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?

Fox Business

Social Security recipients will receive two checks this month, but it doesn't mean retirees are receiving extra money – it's due to a quirk in the system.

Some Americans to receive rare second Social Security payment in August

The Motley Fool

Claiming benefits early gives you more time to enjoy them, particularly during a time when you're likely to be healthier and more active.

The No. 1 Reason to Claim Social Security at Age 62

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

FinanceBuzz

Protect your nest egg by knowing how to spot a retirement scam. From fake gift cards to identity theft, here are 10 popular scams that target retirees.

10 Types of Money Scams (Almost) Everyone Is Falling For

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

WashingtonExaminer

Millions of retirees can expect to see their August Social Security payments, worth up to $4,873, in eight days. The amount of Social Security benefits retirees receive depends on the age at which they retire, the number of years they paid into the system, and the amount of money they paid to Social Security.  Highest-income […]

Social Security update: First round of August payments worth $4,873 to go out in eight days

Senior citizens are often targets for scams, and as scams are getting more sophisticated, it’s getting easier to deceive even the most tech-savvy person. Elder fraud involves a variety of scams targeting seniors, from fake prizes to pleas for help from their “grandchildren,” resulting in an annual loss of $3 billion, according to the FBI. Seniors are often targeted due to their good credit, financial security, and trusting nature. Here are the top elderly fraud scams of the year:

Top 12 elderly fraud scams of 2024

The Associated Press

BOSTON--(BUSINESS WIRE)--Aug 8, 2024-- Fidelity Investments ® today shared its 23 rd annual Retiree Health Care Cost Estimate, revealing that a 65-year-old retiring this year can expect to spend an average of $165,000 in health care and medical expenses throughout retirement 2. Fidelity’s 2024 estimate is up nearly 5% over 2023 and has more than doubled from its inaugural estimate in 2002. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240808840966/en/ (Photo: Business Wire)

Fidelity Investments® Releases 2024 Retiree Health Care Cost Estimate as Americans Seek Clarity Around Medicare Selection

Fox News

Kurt "CyberGuy" Knutsson explains why scam phone calls may get through to your phone number even if you've registered with a Do Not Call list.

The Do Not Call list loophole: Why your phone still won't stop ringing

The US Sun

A RARE event will lead to some Americans receiving more Social Security payments this month - all because of a technicality in the system. The month of August comes with two checks for Social Security beneficiaries. The Social Security Administration (SSA) distributes payments on a regular schedule, providing Social Security...

Millions of Americans will score two checks up to $2,830 this month thanks to little-known Social Security rule

ABLE accounts provide a tax-advantaged way for disabled individuals to save money. Yet 10 years after Congress first created these accounts, many eligible individuals still aren't using them. Several new congressional proposals aim to raise awareness of the accounts and make it easier to put money in them. Congress enacted...

New bill proposals aim to make it easier for disabled individuals to save money

The first round of August's Social Security checks went out last week and the next three are on the way. The time between the first and second payments is more than a week apart, and we'll let you know exactly when you can expect yours. If you're still waiting on your check from July, check out why it may not have arrived and what you can do about it.

Social Security Payment August 2024: Will You Get a Check This Week?

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

Did you know that more than 13% of America’s civilian population is living with disabilities? That equates to an astounding 42.5 million people! A significant number of these individuals depend on the monthly stipends from Social Security Disability Insurance (SSDI) to meet basic needs like food, clothing, housing, and health care.

New payment system introduced for SSDI beneficiaries

NewsBreak

Latest Medicare Scam Targeting Seniors

“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...

Latest Medicare Scam Targeting Seniors

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