It’s no secret that Americans are working longer. But some are working well past traditional retirement age: the fastest-growing segment of the labor force is workers over age 65, according to the U.S. Bureau of Labor Statistics – and the growth is especially pronounced among workers over age 70. Working longer certainly can boost the […]
After much fanfare and controversy, Obamacare’s health insurance exchanges are open for business. What does the Affordable Care Act mean for retirees? It all depends on your age. If you’re 65 or older and on Medicare, there are no big changes for you to worry about. But the ACA offers important new options for retirees […]
More than two million people on Medicare could be getting their prescription drugs nearly for free, but don’t. That’s because they have not signed up for Extra Help, an important Medicare benefit that subsidizes drug costs for low-income senior citizens. Extra Help can pay nearly all of the prescription drug costs a senior incurs in […]
The fall enrollment period for Medicare plans is underway, and this year’s sign-up period coincides with the launch of the new Affordable Care Act exchanges. I sat down with Christine Benz, director of personal finance at Morningstar, to talk about the enrollment landscape for retirees. View the video below, or at Morningstar.com.
When the autumn leaves start to fall, it is time for Medicare enrollment. Starting on October 15th, seniors can shop for prescription drug or Medicare Advantage managed-care plans in online exchanges that let them compare features and prices. Wait a minute, you’re thinking – online health insurance exchanges? Isn’t that the Obamacare insurance market launch […]
The marketing blitz for the launch of Obamacare is underway, with ad campaigns in many states featuring actors, musicians and athletes urging people to sign up for the health insurance program. A big federal ad campaign will follow in September. Marketing and communication might serve as an antidote to the confusion and antipathy that persists […]
If we used tennis scoring to track the progress of healthcare reform, this would be the moment to declare: advantage Advantage. Obamacare opponents have been warning for several years now that Medicare Advantage, the private plan option that seniors can pick instead of traditional fee-for-service Medicare, would fail because of the healthcare law’s impact on […]