CMS Rings in the New Decade with Medicare Rate Hikes

Now that Medicare open enrollment is closed for another year and you have chosen your plan specifics, the next concern for most is how much more is it going to cost me? After a few years of small or no changes, costs are rising sharply in 2020. Medicare Part B premiums will increase by $9.10 […]

Long-Term Care Insurance Premium Deductibility Limits for 2019

Premiums for “qualified” long-term care insurance policies (explained in further detail below) are tax-deductible to the extent that they, along with other unreimbursed medical expenses (including Medicare premiums), exceed 7.5 percent* of the insured’s adjusted gross income.  What are the limits to this and what constitutes a “qualified” policy? Keep reading to find out more. […]

Medicare Part B Premiums to Increase in 2019

A good thing can’t last forever, right? There was no premium increase for Medicare Part B plans in 2018. Some beneficiaries have been protected from rising rates under a “hold harmless” rule which keeps premiums the same when Social Security benefits don’t increase however benefits have increased,  so now Medicare premiums will follow suit. It’s […]

Shopping around for the right Medigap policy for you

Buying an insurance to cover the costs left from Medicare, known as a “Medigap” Policy, is a common occurrence to help offset the costs left over from Medicare. Finding the right policy (there are 10 lettered policies that cover a multitude of services at different price points) makes the decision even more confusing. Getting several […]