Assistance for Individuals with Medicare Part A and Exchange Coverage, With Medicare Parts A&B paying a late enrollment penalty.

If you are a beneficiary of Medicare and are currently enrolled in Medicare Part A (hospital insurance) and you have enrolled also in a health insurance plan through the individual market place and have NOT enrolled in Medicare Part B, pay close attention for this could save you Big Bucks. 

CMS is offering assistance to eligible individuals to enroll in Medicare Part B without incurring penalties that would otherwise apply.
 For individuals enrolled in Medicare Part A and a individual marketplace exchange plan, and also are enrolled in Medicare Part B and are paying a penalty, this assistance provides an opportunity for you to request a reduction in your Part B late enrollment penalty. CMS assistance will be offered through September 30, 2018 so do NOT put this off, it will save you a bundle. 

              2019 Medicare Advantage and Part D Rate Announcement and Call Letter


The week of April 5th, 2019 the Centers for Medicare & Medicaid Services (CMS) released the final Medicare Advantage and Part D 2019 Rate Announcement and Call Letter. This is the finalized annual update to Medicare Advantage and Part D programs, which includes payment updates and policy changes for calendar year (CY) 2019. CMS also released a preview and fact sheet of the Final Rule Implementing Policy and Technical Changes to Part C and Part D for CY 2019, which will be formally published at a later date.

Notable changes for the 2019 plan year include:

Eliminating the Star Rating Measure that separately captures the results of audits and enforcement actions.

  • Expanding the ability for plans to offer supplemental benefits that are health related but are not covered by Traditional Medicare, including benefits that address the social determinants of health, like nutritional support.

  • Finalizing a new method for calculating payments to Medicare Advantage plans that employers can offer to Medicare enrollees.

  • Expanding the list of conditions included in the CMS-HCC Risk Adjustment Model.
    Together with the changes in the proposed rule, this Rate Announcement and Call Letter provides for increased plan flexibility and reduced oversight. As Medicare Rights outlined in our comments to both draft documents, this flexibility will require increased understanding, vigilance, and research by beneficiaries as they choose and utilize coverage through Medicare Advantage Plans.

  • CMS Fact Sheet



What Would You Think An Average Retirement Might Cost?

In 2016 the latest figures from the Bureau Of Labor Statistics says a household run by someone 65+ spends on average $45,756.00 per year or roughly $3,800.00 per month. While all U.S. Households spends about $1,000.00 a month more. 
I came across the article in Market Watch. To read it in it’s entirety  

Reality check: Here’s what the average retiree spends every month