The Social Security Administration recently announced that more than 65 million recipients will receive a 2% cost of living adjustment (COLA) in 2018. For the average retiree, that means an increase of $27.00 per month. Yet before you make plans on what to do with this extra money, most retirees will find that the 2% increase is eaten up by a jump in Medicare Part B premiums. While Medicare Part B premiums for 2018 haven’t been announced, for most retirees they are expected to be approximately $134.00 per month – meaning an increase of about $25.00 per person. Unfortunately, this will nearly wipe out any increase in Social Security income.
Doctors and physiologists are calling for increased awareness of the health risks associated with loneliness, as reported in the Wall Street Journal. A 2010 AARP study found that loneliness among adults age 45 and over is on the rise due to increased divorce rates, social media, and the increased prevalence of single person households. 35% […]
Seema Verna, an administrator at the Centers for Medicare and Medicaid Services recently wrote an opinion article in the Wall Street Journal. Verna discusses the financial problems facing both Medicare and Medicaid – and the 130 million Americans who rely on these programs. She hopes that the Innovation Center, founded in 2010 to test new […]
Paul Osterman, a professor at the MIT Sloan School of Management, recently wrote an opinion piece in the Wall Street Journal where he offers an explanation for the high price of home health care. With costs of around $20 per hour, understanding why home health care costs so much can hopefully help make it more […]