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Category: Medicare and Social Security

Where’s My New Medicare Card? How to Find Out the Status

The federal government has begun mailing new Medicare cards to 59 million Americans. You should keep track of when your new card will arrive and contact Medicare if you don’t receive it. As we previously reported, to prevent fraud and fight identity theft, the federal government is issuing new cards to all Medicare beneficiaries that […]

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How to Appeal a Medicare Prescription Drug Denial

If your Medicare drug plan denies coverage for a drug you need, you don’t have to simply accept it. There are several steps you can take to fight the decision. The insurers offering Medicare drug plans choose the medicines — both brand-name and generic — that they will include in a plan’s “formulary,” the roster […]

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Medicare’s Part B Premium Will Be Unchanged in 2018, But Many Will Pay More. Got That?

The announcement of the 2018 Medicare premium is good news for some beneficiaries and bad news for many others.  The good news is that the standard monthly Part B premium, which about 30 percent of Medicare beneficiaries pay, will again be $134 next year, unchanged from 2017. But most Medicare recipients pay a lower premium because they […]

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Now Is the Time to Review Your Medicare Options

Are you happy with your current Medicare plan or plans? Now is the time to think about whether you are in the right plan or whether a new plan could save you money. Medicare’s Open Enrollment Period, in which you can enroll in or switch plans, runs from October 15 to December 7. During this […]

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Three Likely Changes to Social Security in 2018*

Nearly two-thirds of retired workers rely on their Social Security benefit for at least half of their monthly income.  As compared to laws and rules governing other public programs, little has changed with the Social Security program over the last several years.  Even today with an estimated $11 trillion budgetary shortfall in the program, few […]

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Beware Medicare’s Penalties for Late Enrollment

People generally become eligible for Medicare at age 65, when they can receive benefits under Part A (hospital coverage), Part B (medical coverage) and Part D (prescription drug coverage).  But Medicare doesn’t want you to delay enrollment.  If only those who needed insurance signed up on time and healthier people waited, the healthy beneficiaries’ premiums […]

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