Medicare Advantage (MA) plans serve more marginalized and disadvantaged communities than fee-for-service (FFS) plans, according to a report from research firm ATI Advisory, building on previous research that MA enrollees face unique challenges. Latino beneficiaries are most likely to enroll in MA, followed by Black and Asian beneficiaries. Of the Medicare population, 69% of Latinos…
Medicare’s Part B monthly premium for 2022 will increase by $26.60, the largest dollar increase in the health insurance program’s history, the Centers for Medicare & Medicaid Services (CMS) announced on Nov, 12. Standard monthly premiums for Part B will cost $170.10 in 2022, up from $148.50 in 2021. Medicare Part B covers doctor visits,…
You can make a difference in people’s lives. These success stories, repeated anonymously can be a great catalyst for getting referrals. Once I share this story, you might think about which current clients fit into the same situation. I had a longtime client. I really liked her and the feeling was mutual. One day when…
Social Security statements already served as handy tools. But the changes that the Social Security Administration is rolling out will help advisors and clients even more. Advisors who have never used their clients’ Social Security statements to provide a clearer picture of how much they will get when they retire have been missing an opportunity, according to advisors and financial planners interviewed….