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Retirement Advice

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The Medicare Family - Medicare & Social Security Made Simple
I’ve heard from many women that they were told in their divorce that they gave up the right to their former spouse’s “retirement.” They assumed that this meant they could not draw Social Security retirement benefits off their ex-spouse. Sometimes their former spouse is the one pushing this idea. It is wrong. It is impossible to give up your Social Security rights. You may have waived your rights to his work pension, but not Social Security. Retirement Advice, Retirement Benefits, Medicare Advantage, Senior Adults, Social Security Benefits, Pensions, Spouse, Divorce, Prevention
Retirement Advice
Retirement Benefits
Medicare Advantage
Senior Adults
Social Security Benefits
Pensions
Spouse
Divorce
Prevention
I’ve heard from many women that they were told in their divorce that they gave up the right to their former spouse’s “retirement.” They assumed that this meant they could not draw Social Security retirement benefits off their ex-spouse. Sometimes their former spouse is the one pushing this idea. It is wrong. It is impossible to give up your Social Security rights. You may have waived your rights to his work pension, but not Social Security.
The Medicare Family - Medicare & Social Security Made Simple
The Medicare Family - Medicare & Social Security Made Simple
Retirement Advice
The Cleveland Clinic and Mount Sinai hospitals announced they would not be administering this drug, which is an infusion in a doctor’s office, not a pill. With such big names rejecting this drug, I’m shocked that Medicare moved ahead with it. I hope that it proves to work, but the precedent is alarming. Every person on Medicare Part B is paying a few extra dollars each month for this and the prospect of other high-dollar drugs to come. Mount Sinai, Go Up, Cleveland Clinic, Rejection, Social Security, Pills
Mount Sinai
Go Up
Cleveland Clinic
Rejection
Social Security
Pills
The Cleveland Clinic and Mount Sinai hospitals announced they would not be administering this drug, which is an infusion in a doctor’s office, not a pill. With such big names rejecting this drug, I’m shocked that Medicare moved ahead with it. I hope that it proves to work, but the precedent is alarming. Every person on Medicare Part B is paying a few extra dollars each month for this and the prospect of other high-dollar drugs to come.
The Medicare Family - Medicare & Social Security Made Simple
The Medicare Family - Medicare & Social Security Made Simple
Retirement Advice
I had a couple in today that are 70 years old. They were very happy with Plan G five years ago, but struggle to afford it after five years of rate increases. With no end in sight for rate relief in the future. The rates will keep going up and 2022 is going to see some horrible rate increases. Many people want to keep their Plan F or G, but simply cannot afford it. Medicare Advantage is a great option and often the only option at that point. Medicare Supplement Plans, Obama Administration, Keep Going, Make It Simple, Supplements, Understanding
Medicare Supplement Plans
Obama Administration
Keep Going
Make It Simple
Supplements
Understanding
I had a couple in today that are 70 years old. They were very happy with Plan G five years ago, but struggle to afford it after five years of rate increases. With no end in sight for rate relief in the future. The rates will keep going up and 2022 is going to see some horrible rate increases. Many people want to keep their Plan F or G, but simply cannot afford it. Medicare Advantage is a great option and often the only option at that point.
The Medicare Family - Medicare & Social Security Made Simple
The Medicare Family - Medicare & Social Security Made Simple
Retirement Advice
Medicare is a federal health insurance program that pays the hospital and medical care for US citizens aged 65 and older. It also covers some people living with disabilities. Medicare consists of Part A and Part B for hospital and medical insurance and Part C and Part D for flexibility and prescription drugs. Employer health insurance is an insurance type that helps cover your medical costs and expenses. Medical Care, Health Insurance, Prescription, Drugs
Medical Care
Health Insurance
Prescription
Drugs
Medicare is a federal health insurance program that pays the hospital and medical care for US citizens aged 65 and older. It also covers some people living with disabilities. Medicare consists of Part A and Part B for hospital and medical insurance and Part C and Part D for flexibility and prescription drugs. Employer health insurance is an insurance type that helps cover your medical costs and expenses.
The Medicare Family - Medicare & Social Security Made Simple
The Medicare Family - Medicare & Social Security Made Simple
Retirement Advice
With all the confusion around when to draw Social Security benefits, many people quickly realize that they made a mistake. A big mistake. But have no fear, there is a way to stop your Social Security benefits, but only within a certain window… Do I Have To Pay Back The Money? Yes! You’re going to have to pay back the money you received. You won’t have to worry about paying any interest or penalty on that money though. Making Mistakes, Confusion, Realize
Making Mistakes
Confusion
Realize
With all the confusion around when to draw Social Security benefits, many people quickly realize that they made a mistake. A big mistake. But have no fear, there is a way to stop your Social Security benefits, but only within a certain window… Do I Have To Pay Back The Money? Yes! You’re going to have to pay back the money you received. You won’t have to worry about paying any interest or penalty on that money though.
The Medicare Family - Medicare & Social Security Made Simple
The Medicare Family - Medicare & Social Security Made Simple
Retirement Advice
Based on the doctors you see, and the insurance that they accept, you might be better served with Humana, or Aetna or AARP. “But my sister says Anthem is the best plan,” you say. And Anthem may be the best plan for her. You and your sister don’t see that same cardiologist. You don’t take the same medications and she lives in Nebraska, while you live in Indiana. Aetna, Aarp, Cardiologist, Medical
Aetna
Aarp
Cardiologist
Medical
Based on the doctors you see, and the insurance that they accept, you might be better served with Humana, or Aetna or AARP. “But my sister says Anthem is the best plan,” you say. And Anthem may be the best plan for her. You and your sister don’t see that same cardiologist. You don’t take the same medications and she lives in Nebraska, while you live in Indiana.
The Medicare Family - Medicare & Social Security Made Simple
The Medicare Family - Medicare & Social Security Made Simple
Retirement Advice
While I am joking (just a bit) this is something you need to consider: if your marriage is falling apart and you were the lower income earner, or a stay-at-home parent who didn’t pay into Social Security at all. Please consider not finalizing your divorce until you hit the 10-year mark. It’s truly sad to explain to my clients that they are not eligible for spousal benefits because they were only married 9 ½ years. Stay At Home Parents, Low Income, Falling Apart
Stay At Home Parents
Low Income
Falling Apart
While I am joking (just a bit) this is something you need to consider: if your marriage is falling apart and you were the lower income earner, or a stay-at-home parent who didn’t pay into Social Security at all. Please consider not finalizing your divorce until you hit the 10-year mark. It’s truly sad to explain to my clients that they are not eligible for spousal benefits because they were only married 9 ½ years.
The Medicare Family - Medicare & Social Security Made Simple
The Medicare Family - Medicare & Social Security Made Simple
Retirement Advice
The Cleveland Clinic and Mount Sinai hospitals announced they would not be administering this drug, which is an infusion in a doctor’s office, not a pill. With such big names rejecting this drug, I’m shocked that Medicare moved ahead with it. I hope that it proves to work, but the precedent is alarming. Every person on Medicare Part B is paying a few extra dollars each month for this and the prospect of other high-dollar drugs to come.
The Cleveland Clinic and Mount Sinai hospitals announced they would not be administering this drug, which is an infusion in a doctor’s office, not a pill. With such big names rejecting this drug, I’m shocked that Medicare moved ahead with it. I hope that it proves to work, but the precedent is alarming. Every person on Medicare Part B is paying a few extra dollars each month for this and the prospect of other high-dollar drugs to come.
The Medicare Family - Medicare & Social Security Made Simple
The Medicare Family - Medicare & Social Security Made Simple
Retirement Advice
I had a couple in today that are 70 years old. They were very happy with Plan G five years ago, but struggle to afford it after five years of rate increases. With no end in sight for rate relief in the future. The rates will keep going up and 2022 is going to see some horrible rate increases. Many people want to keep their Plan F or G, but simply cannot afford it. Medicare Advantage is a great option and often the only option at that point. How To Plan
How To Plan
I had a couple in today that are 70 years old. They were very happy with Plan G five years ago, but struggle to afford it after five years of rate increases. With no end in sight for rate relief in the future. The rates will keep going up and 2022 is going to see some horrible rate increases. Many people want to keep their Plan F or G, but simply cannot afford it. Medicare Advantage is a great option and often the only option at that point.
The Medicare Family - Medicare & Social Security Made Simple
The Medicare Family - Medicare & Social Security Made Simple
Retirement Advice
Medicare is a federal health insurance program that pays the hospital and medical care for US citizens aged 65 and older. It also covers some people living with disabilities. Medicare consists of Part A and Part B for hospital and medical insurance and Part C and Part D for flexibility and prescription drugs. Employer health insurance is an insurance type that helps cover your medical costs and expenses. Benefit
Benefit
Medicare is a federal health insurance program that pays the hospital and medical care for US citizens aged 65 and older. It also covers some people living with disabilities. Medicare consists of Part A and Part B for hospital and medical insurance and Part C and Part D for flexibility and prescription drugs. Employer health insurance is an insurance type that helps cover your medical costs and expenses.
The Medicare Family - Medicare & Social Security Made Simple
The Medicare Family - Medicare & Social Security Made Simple
Retirement Advice
Do I Have To Pay Back The Money? Yes! You’re going to have to pay back the money you received. You won’t have to worry about paying any interest or penalty on that money though. Social Security Do-Over & Medicare Since most people have their Medicare Part B premium taken out of their Social Security payment, you may run into complications with your Medicare. Double check with Medicare to make sure that you’re up to date on your payments to avoid any lapse in your health insurance coverage. Health Insurance Coverage, No Worries, Paying
Health Insurance Coverage
No Worries
Paying
Do I Have To Pay Back The Money? Yes! You’re going to have to pay back the money you received. You won’t have to worry about paying any interest or penalty on that money though. Social Security Do-Over & Medicare Since most people have their Medicare Part B premium taken out of their Social Security payment, you may run into complications with your Medicare. Double check with Medicare to make sure that you’re up to date on your payments to avoid any lapse in your health insurance coverage.
The Medicare Family - Medicare & Social Security Made Simple
The Medicare Family - Medicare & Social Security Made Simple
Retirement Advice
Based on the doctors you see, and the insurance that they accept, you might be better served with Humana, or Aetna or AARP. “But my sister says Anthem is the best plan,” you say. And Anthem may be the best plan for her. You and your sister don’t see that same cardiologist. You don’t take the same medications and she lives in Nebraska, while you live in Indiana.......
Based on the doctors you see, and the insurance that they accept, you might be better served with Humana, or Aetna or AARP. “But my sister says Anthem is the best plan,” you say. And Anthem may be the best plan for her. You and your sister don’t see that same cardiologist. You don’t take the same medications and she lives in Nebraska, while you live in Indiana.......
The Medicare Family - Medicare & Social Security Made Simple
The Medicare Family - Medicare & Social Security Made Simple
Retirement Advice
For 2022 the earnings limit is $19,560 bucks. For every $2 you go over that amount, they reduce your social security by $1. So if you make $25,000, you went over the limit by $5,500. Your social security benefit would be reduced by $2,500. That’s fine. You’re still up in the grand scheme of things. But if you’re making $100,000, you went over the limit by $80,440. This would reduce your benefit by $40,220 (half the amount) Earnings, Limits, Bucks, Reduced
Earnings
Limits
Bucks
Reduced
For 2022 the earnings limit is $19,560 bucks. For every $2 you go over that amount, they reduce your social security by $1. So if you make $25,000, you went over the limit by $5,500. Your social security benefit would be reduced by $2,500. That’s fine. You’re still up in the grand scheme of things. But if you’re making $100,000, you went over the limit by $80,440. This would reduce your benefit by $40,220 (half the amount)
The Medicare Family - Medicare & Social Security Made Simple
The Medicare Family - Medicare & Social Security Made Simple
Retirement Advice
I’ve heard from many women that they were told in their divorce that they gave up the right to their former spouse’s “retirement.” They assumed that this meant they could not draw Social Security retirement benefits off their ex-spouse. Sometimes their former spouse is the one pushing this idea. It is wrong. It is impossible to give up your Social Security rights. You may have waived your rights to his work pension, but not Social Security.
I’ve heard from many women that they were told in their divorce that they gave up the right to their former spouse’s “retirement.” They assumed that this meant they could not draw Social Security retirement benefits off their ex-spouse. Sometimes their former spouse is the one pushing this idea. It is wrong. It is impossible to give up your Social Security rights. You may have waived your rights to his work pension, but not Social Security.
The Medicare Family - Medicare & Social Security Made Simple
The Medicare Family - Medicare & Social Security Made Simple
Retirement Advice
Last year there was legislation put through for Covid relief that artificially kept the price of Medicare Part B lower than it should have been. You, like the rest of the nation, neither noticed that gift from the government, nor were appreciative. It went unnoticed. This year we have to incorporate that rate increase we avoided last year on top of the regularly schedule rate increase. Government, Parts
Government
Parts
Last year there was legislation put through for Covid relief that artificially kept the price of Medicare Part B lower than it should have been. You, like the rest of the nation, neither noticed that gift from the government, nor were appreciative. It went unnoticed. This year we have to incorporate that rate increase we avoided last year on top of the regularly schedule rate increase.
The Medicare Family - Medicare & Social Security Made Simple
The Medicare Family - Medicare & Social Security Made Simple
Retirement Advice