Trusted Solutions Insurance Agency, Inc.

Medicare Part B premiums are set each year by the federal government and most people pay the same standard rate. Some high earners (fewer than 5%) pay an income-related adjustment in addition to the standard Part B premium.

Medicare Supplement plans do not require referrals, allow you to see any provider that accepts Medicare, require separate Part D plans, and only have a one-time Medigap Open Enrollment window.

Turning 65 Soon? Retirees need to understand the financial implications of Medicare, IRMAA, Social Security, and tax-efficient withdrawal strategies.

If you’re approaching Medicare eligibility, it’s important to approach Medicare with the right frame of mind. Yes, depending on the plan and coverage you choose, it might be very different from your employer or union health care plan.

The two main coverage types you can buy to help with this are Medicare Advantage or Medigap (Medicare Supplement) plans. It’s important that you know how each type of coverage works, so you can select the right plan for you.

Medicaid is a social welfare program that provides free or low-cost health coverage for people and/or families with low incomes. It is administered jointly by both the federal and state governments.

If you don’t qualify for full Medicaid, you may still be able to get assistance with part of your Medicare costs. Based on your state’s limits on income and asset levels, you can qualify for one of the other Medicare Savings Programs.

Fast Fact: Adequate access to healthcare has been shown to increase life expectancy by approximately two to five years for both men and women aged 65 and older.

Quick Thought: Research published on the National Library of Medicine website shows that seniors who live with family members report better social integration, well-being, and happiness than those living alone.

Fast Fact: Did you know that around half the seniors in the U.S. own at least one pet? That may be down to the emotional and physical benefits of close contact with domestic animals.