Results for "medicare"

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Low Social Security cost-of-living adjustment keeps Medicare premiums lower for most

November 11, 2016

Seventy percent of people with Medicare are protected from a large rise in premiums next year because of the low cost-of-living adjustment for Social Security benefits, leaving the rest to absorb higher health care costs. The standard monthly...

Big gap between Social Security cost-of-living adjustment and retiree inflation

October 24, 2016

One of the great values of Social Security benefits is that they are supposed to increase each year to keep pace with inflation and protect seniors' buying power. Unfortunately, that's not the way it has worked out in recent years. The rising...

Social Security timing can affect Medicare premiums

September 26, 2016

Social Security benefits are expected to increase slightly next year, and most retirees who have their Medicare premiums deducted directly from their Social Security benefits will be protected from a net decline in monthly benefits. However,...

8 scary retirement facts

October 30, 2017

On the spookiest holiday of the year, investors need look no further than the global stirrings with North Korea or the uncertainty about healthcare costs in the U.S. to produce some shivers. But here are 8 frightening retirement facts to inspire...

Medicare rules are needlessly complex

October 9, 2017

People who collect Social Security benefits early are automatically enrolled in Medicare when they turn 65. But as increasing numbers of Americans delay claiming Social Security benefits until older ages when they are worth more, many of them...

Stay up on Medicare enrollment with annual reviews

October 2, 2017

The last quarter of the year is a busy time for financial advisers. It's a time to review investment portfolios with clients to identify possible tax-loss harvesting opportunities and to encourage working-age clients to maximize their annual...

How reverse mortgages can help stave off Medicare surcharges

January 15, 2016

While we were reveling in New Year's festivities, Medicare ushered in a new income scale as the basis for Medicare high-income surcharges. The bottom line is that more of your Medicare clients will pay more for their Medicare Parts B and D in...

Wages can boost Social Security taxes, Medicare premiums

August 7, 2018

My recent column on how income from a job can temporarily reduce or even eliminate Social Security benefits claimed before full retirement age prompted some interesting questions from readers. Those questions allow me to clarify how earnings...

How Social Security claiming strategies affect Medicare premiums

September 23, 2015

Ever since I first wrote about the likelihood that there will be no cost-of-living adjustment in Social Security benefits in 2016, I have been inundated with questions from readers asking how their clients will be affected. Although Social Security...

Worst-case scenario for Medicare premium hike in 2016

August 31, 2015

By now, most InvestmentNews readers know that there probably will not be a cost-of-living adjustment in Social Security benefits next year (as I first reported earlier this month). This would be only the third time in the past 40 years that...

Milestone birthday triggers crucial financial decisions

May 5, 2017

It all began with my husband's surprise party. I planned an intimate dinner with close friends and family at a local restaurant to celebrate his 65th birthday. Mission accomplished. He was surprised, and we all had a good time. Little did we...

Mary Beth Franklin: Why Medicare is the next frontier for financial advisers

July 18, 2014

InvestmentNews contributing editor Mary Beth Franklin discusses how advisers can prepare for the onslaught of clients’ questions on Medicare coverage. And be sure to read Ms. Franklin’s Aug. 4 feature story on Medicare.

Mary Beth Franklin: These retirees will see a substantial increase in their Medicare premiums in 2017

November 30, 2016

Retirees who are not protected by the hold harmless provision of the Social Security Act could see the base amount of their Medicare premiums increase by 20% or more, according to InvestmentNews contributing editor Mary Beth Franklin.

New Congressional bill addresses Medicare enrollment confusion

August 30, 2016

In the past, the traditional retirement age of 65 was the trigger age for a host of crucial decisions: claiming Social Security benefits, enrolling in Medicare, retiring from a job and, if you were lucky, the start of collecting your pension....

Social Security cost-of-living adjustment unlikely for 2017

June 6, 2016

If inflation continues at its current low pace, 2017 may turn out to be another year when Social Security recipients will not receive an automatic increase in their monthly retirement and disability benefits. If that happens, it would mark the...

Medicare and the high cost of prescription drugs

February 26, 2019

Howard Sorkin, a financial adviser in Chicago, is on a mission to educate clients and other advisers about the high cost of prescription drugs for some Medicare beneficiaries. People requiring specialty drugs for cancer, multiple sclerosis,...

Seniors squeezed by no Social Security increase

October 13, 2015

By the time the Social Security Administration makes its official announcement about 2016 benefit levels later this week, it will be old news. As I reported in early August, there will be no increase in Social Security benefits next year as...

Social Security cost-of-living adjustment unlikely for 2016

August 3, 2015

It looks like Social Security recipients will not see a cost-of-living adjustment in their benefits next year. And some high-income retirees may actually see a net reduction in benefits in 2016 as their Medicare premiums, which are deducted...

My Medicare year

January 21, 2019

I turned 64 last December. That means I am eligible to enroll in Medicare at the end of this year. Based on the inquiries I have received from friends and InvestmentNews readers, the Medicare enrollment process is filled with angst. But with...

Even the strongest retirement plans can be derailed by health care costs

February 26, 2018

Rising health care costs have long been the bane of working Americans, but most people don't give enough thought to how escalating health care costs in retirement can derail even the most solid financial plan. "While the exact cost varies for...

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