seniors
About Fraud in Medicare and Medicaid
Seeking fraud and eliminating government waste seem to be popular buzz words today, and the primary targets on the potential fraud list are Medicare and Medicaid. Indeed, the U.S. Government Accountability Office recently suggested that the federal government loses between…
“Most favored nation” pricing model for certain drugs
According to a recent poll, three in four adults in the United States say the cost of medications is unaffordable. With drug prices in the U.S. higher than in other countries as much as 10 times, President Trump is expected…
Five minutes could make a difference
We all heard the myth about the memory of a goldfish: they have a three-second memory. This claim has permeated popular culture, becoming a common reference point for forgetfulness or a lack of attention. However, this claim has little to…
Increase anxiety and concern about Social Security
A recent poll by The Associated Press-NORC Center for Public Affairs Research found that 30 percent of individuals aged 60 and up said they were not confident about the availability of Social Security benefits. A similar poll conducted in 2023…
Is retirement just a concept?
Is retirement nonsense? Well, according to David Letterman, it is. Mr. Letterman said in a recent interview with GQ magazine, “You won’t retire, the human mechanism will not allow you to retire.” However, for many people, retirement is a luxury…
Four reasons not to take your benefits early
Many retirees are not sure when to begin their Social Security retirement benefits. If you start your benefit at age 62, you will receive a reduced amount; however, if you postpone taking your benefits from your full retirement age up…
Best small town
As many individuals approach retirement, they may start looking at ways to stretch their retirement savings by relocating to another town or state where the cost of living, housing, and crime rates are lower. GoBankingRates recently released its list of…
Original Medicare covers most but not all healthcare services
Medicare is the government health insurance program for adults 65 and older and individuals under 65 with certain disabilities. However, Medicare does have its drawbacks. Original Medicare covers most, but not all, of the costs for approved health care services…
Will living five more years really deplete your savings?
With retirees living well into their 90s and beyond, millions face a growing risk of outliving their savings. Recent research by Nationwide and The American College of Financial Services found an “extra five years increases the risk of running out…
900,000 are still waiting for their benefit adjustment
The Social Security Fairness Act, affecting over three million retirees, was signed into law on January 5, 2025. The Social Security Administration has processed 2.3 million benefit adjustments, with over 80 percent of retirees affected by the Act receiving their…