Life expectancy is on the rise. Today, a 65-year-old man may expect to live to 84, and a 65-year-old woman to 86. One in every four 65-year-olds could live past 90. (Source: Social Security Administration, 2012)
It’s no secret that health care costs are on the rise, especially the cost of prescription drugs. But what may not be well known is that financial help exists to reduce the impact on your wallet.
Medicare eligibility begins at age 65 for most people. Boomers born in 1952 are next up to join the ranks of Medicare beneficiaries. Here’s what you need to know.
Depending on where you live, winter driving can be hazardous for both you and your car. Cold temperatures can reduce the effectiveness of your vehicle’s battery by at least 50 percent1 and thicken your car’s lubricants, making the engine work harder. Extreme winter weather can also threaten your life. If you live in a northern climate or a mountainous state, you need to take extra precautions to help ensure your safety.
Prescription drugs can take a big bite out of your budget. Your Medicare prescription drug plan may offer cost-saving benefits that you may not be aware of. Also, some pharmacies offer discount programs or savings on 60- or 90-day refills.
If you’re like most people, you don’t pay a monthly premium for your Medicare Part A. However, if you have Medicare Part B and you are receiving Social Security or Railroad Retirement Board benefits, your Medicare Part B premium is usually deducted from your monthly benefit payment.
Medicare fraud can be big business for fraudsters and a big problem for taxpayers.
National Medicare Education Week is Sept. 15 – 21. It is one week each year that’s devoted to helping you understand Medicare. It’s good timing, too, because Medicare Open Enrollment is Oct. 15 – Dec. 7. This is when you may change your Medicare coverage choices for the upcoming year. So now is the time to make sure you choo
se coverage based on your needs.