President Biden took office in 2021 with an ambitious plan to improve the post-pandemic economy and to reduce the level of poverty among older adults. His proposals included increasing Social …
Continue Reading2023 Social Security Benefit Update
Category: Government Programs
Will New Benefits Be Added to Social Security and Medicare in 2021?
The article below deals with the state of Social Security in 2021. Click for the outlook of Social Security for 2023 Congress will have a full agenda during the first …
Continue ReadingIs Eldercare Assistance on the Horizon?
Family caregivers in the United States assist millions of seniors with their activities of daily living. Together with caregivers who assist disabled relatives, an estimated 65.7 million Americans serve as …
Continue ReadingA Decade of the Affordable Care Act: Has It Helped Seniors?
Nearly a decade after it was passed, the Patient Protection and Affordable Care Act (ACA) — also glowingly or disparagingly referred to as “Obamacare,” depending on a person’s politics — …
Continue ReadingHow Does Social Security Work?
Social Security, also known as the Old-Age, Survivors, and Disability Insurance (OASDI) is a federal program that includes several insurance and welfare programs. The original Social Security Act was signed …
Continue ReadingHow Does Medicare Prescription Drug Coverage Work?
Medicare Part D was signed into law in December 2003 by President George W. Bush, and retirees began to sign up for these Medicare-approved private prescription drug plans in 2006. …
Continue ReadingDon’t Be Blindsided: What Medicare Won’t Cover
Your parents are enrolled in Medicare and they’re insured for hospital, outpatient visits and drugs, so their basic health needs are covered. Well, yes and no. Don’t be blindsided. There …
Continue ReadingPreparing for Medicare Open Enrollment: Should Your Elderly Loved One Change Plans?
Every fall, Medicare recipients–your parents included–are bombarded with notifications about the upcoming “open enrollment” period and their options for switching coverage. As you read them, be aware that these notifications …
Continue ReadingWhy You Should Sign Up for Medicare When You Hit 65
Most people, including your parents, sign up for Medicare when they “retire” and hit 65, unless one or both of them still works and they may be covered by an …
Continue ReadingUnderstanding Your Elderly Parents’ Medicare Coverage
Most people over 65 know all about Medicare, what it costs, what it does and doesn’t pay for, even why it makes financial sense to pay extra for a Medigap or …
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