The Bush Administration is proposing regulations to blunt inappropriately aggressive marketing of private Medicare insurance plans. The new rules would outlaw unsolicited visits and phone calls to beneficiaries and regulate commissions paid to sales agents. About 55 percent of Medicare recipients also subscribe to supplemental private plans such as Medicare Advantage or prescription drug plans. Consumer [...] [...more]
Legislation was introduced in the U.S. Senate last week aimed at making it easier for older Americans to stay in the workforce longer and encourage employers to recruit and retain older workers. The bill has bi-partisan sponsorship of Senators Gordon H. Smith (R-OR), Herb Kohl (D-WI), and Kent Conrad (D-ND). I’ll have more on this in [...] [...more]
File this under “thanks for nothing.” U.S. Health and Human Services Secretary Michael Leavitt admits Medicare is heading toward an implosion, but admits it’s too late for the Bush Administration to do anything about it. Via Reuters: . . . the next administration will have to act to stop rising costs and get control of [...] [...more]
RetirementRevised.com is the companion website of Retire Smart, a column written by Mark Miller that appears in more than 30 newspapers each week. For millions of Baby Boomers, retirement is an opportunity for reinvention, rather than taking it easy. Mark is helping write the playbook for the new career and personal pursuits of a generation.
