By Susan Stewart The Medicare Advantage/Prescription Drug Plan year cycles through three seasons: the Annual Enrolment Period (AEP), Open Enrollment Period (OEP), and Rest of Year (ROY). So, what do these seasons m ...
Author Archives: georgette
Seniors Taking Desperate Measures to Keep Up With Inflation
By Alex Moore Social Security’s Cost-of-Living Adjustment (COLA) for this year was 3.2 percent, which is higher than the 2.6 percent average inflation we’ve seen over the last 20 years. According to the most recent da ...
Ask the Advisor: When do I have to start taking Medicare Parts A, B, and D?
Q: I’m 62 years old and on track to retire when I’m 65. I know that I’ll eventually need to sign up for Medicare Parts A, B, and D, but when is the best time to start? A: Your first opportunity to sign up for Medicare ...
Best Ways to Save: Cut Costs on Groceries With Community-Supported Agriculture
The average senior spent about $7,300 on food in 2022, according to the Bureau of Labor Statistics. That number has only gone up since, due to uncharacteristically high inflation that has especially affected agricultural ...
Most Retirees Fulfilled Despite Financial Struggles
More than half (59 percent) of retirees have concerns about their finances, according to a new survey of 560 retired Americans by MedicareFAQ. However, that doesn’t mean they’re not happy. Nine in ten seniors enjoy being ...
Legislative Update: New Proposal Would Repeal Taxation of Social Security Income
By Daisy Brown, Legislative Liaison A bill proposed in Congress this January, the You Earned It, You Keep It Act, would save the typical senior hundreds of dollars per year by eliminating all taxes on Social Security ...
Benefits Bulletin: Medicare to Cover Wegovy for Most Senior Citizens
Edward Cates, Chairman of the Board, TSCL The self-administered weight loss medication Wegovy came on the market in June 2021 with incredible promise. Clinical trials have shown that, on average, people who take it lo ...
Congressional Corner: Seniors Need A Fair COLA
By Representative John Garamendi (CA-08) Americans everywhere agree: Social Security is not an entitlement but a benefit that seniors earn through decades of work serving our nation’s economy. According to the So ...
What is a “Flex Card”?
By Susan Stewart, Licensed Insurance Agent “Flex Card” is a generic term for a prepaid card that gives additional benefits to people with certain Medicare Advantage plans. Different flex cards offer other benefits, wh ...
This Medicare Change Will Let Seniors Spread Out-of-Pocket Costs
Seniors who face high costs at the pharmacy will see relief starting in 2025, thanks to a new program designed to help seniors have more predictable drug costs throughout the year. Called the Medicare Prescription Pay ...