Big Changes Coming for GLP-1 Medication Costs for Medicare Beneficiaries
Beginning July 1, 2026, Medicare beneficiaries may have access to significantly lower costs for certain GLP-1 medications through a new CMS initiative called the GLP-1 Bridge Program. For many people, GLP-1 medications such as Wegovy® and Zepbound® have been financially out of reach — often costing more than $1,000 per month. The new program aims […]
2026 Medicare Premiums and Deductibles
CMS just announced the updated Part B premiums for 2026. Last month, Social Security announced the 2026 Cost of Living Adjustment will be 2.8% 2026 IRMAAs (Income Related Monthly Adjustments)The Income Related Monthly Adjustment Amounts (IRMAAs) were also updated for 2026. You can find the tables below for individuals with income greater than $109,000 (or joint […]
2025 Medicare Premiums and Deductibles
CMS just announced the updated Part B premiums for 2025. Last month, Social Security announced the 2025 Cost of Living Adjustment will be 2.5% 2025 IRMAAs (Income Related Monthly Adjustments)The Income Related Monthly Adjustment Amounts (IRMAAs) were also updated for 2025. You can find the tables below for individuals with income greater than $106,000 […]
2025 Part D’isaster?
In August of 2022, the Inflation Reduction Act (IRA) was signed by President Biden. This bill had several provisions related to Medicare Drug Pricing with good intentions. Some of the big changes which take effect in 2025 are: Maximum out of Pocket of $2,000In 2024, the maximum drug costs for most Medicare Beneficiaries was capped […]
Medicare Plan N vs Plan G
Over the last several years, the two most popular Medicare Supplements have been Plan G and Plan N. We wanted to create a short video and article to explain some of the differences between these two plans. Before we discuss the differences, we want to highlight some of the key characteristics of ALL Medicare Supplement […]
What the Hack?
On Wednesday, June 5, 2024, we received numerous phone calls (and emails) from clients who are patients of Hackensack Meridian Health System in NJ. These clients received an email from Hackensack Meridian that indicated they may be losing access to their Providers with Hackensack Meridian. This email explains the ongoing contract negotiations with Aetna Medicare […]
Senior Advisors Phone Calls
SPAM CALLS? We are aware that a company is making a tremendous number of calls stating they are “Senior Advisors“. This is not our family business that is making these calls. We sympathize with you if you are experiencing this; we have zero affiliation with the company that is making these calls. As we work […]
Turning 65 and Still Working
Still employed and turning 65? Confused about whether or not to enroll in Medicare? This can be a loaded topic, as the answer to “whether or not to enroll in Medicare” depends on your specific situation… just like so many things in the Medicare realm…. what is right for “person A” may not be right […]
HSA and Medicare
It’s that time of year – tax season! This time of year seems to trigger an inordinate amount of questions related to HSAs (Health Savings Accounts) and Medicare. In this short video, we attempted to address some of these frequently asked questions. Some important topics covered in the video. and more! We hope you find […]
Medicare Part B Premium 2024, IRMAAs, and Deductible, and Social Security COLA
CMS just announced the updated Part B premiums for 2024. Social Security also announces the 2024 Cost of Living Adjustment will be 3.2% 2024 IRMAAs (Income Related Monthly Adjustments)The Income Related Monthly Adjustment Amounts (IRMAAs) were also updated for 2024. You can find the tables below for individuals with income greater than $103,000 (or joint […]