Social Security is an important safety net for the elderly and retired population of a country. If you are nearing retirement age, you might be wondering when it would be best to retire. Ideally, everyone would retire at the full retirement age to reap the maximum monthly benefit available to them. However, this is not… Continue Reading When Should You Retire?
Changes to social security are often a scary prospect for those who are about to qualify for it or those who are already receiving it. Social security payouts comprise a very important financial lifeline to the retired elderly. As such, any changes are met with apprehension because many people currently rely (or will soon rely… Continue Reading 4 Social Security Changes For 2020
Choosing a Medicare plan can be daunting at first, especially if you’re not sure what you really need and don’t need. While it’s not always a bad idea to listen to family and friend’s advice on what plan to choose and what to look for—especially if they themselves are also retirees, but if you want… Continue Reading 3 Tips To Get The Most From Medicare
The Cost of Insulin The cost of prescription medications is rising according to NPR and many other institutions that have documented the phenomenon. The price of insulin had doubled between 2012 and 2016, and it has continued to trend upwards. What is Insulin? Insulin is a hormone that is produced in the body by your… Continue Reading The Cost of Insulin is Soaring
What is an EGWP Coverage? The Employer Group Waiver Plan is an economical way for organizations to offer prescription drug coverage to retirees. Medicare Part D is a federal program that allows private companies to offer retail prescription drug coverage to Medicare recipients. The vendor of the EGWP offers a subsidy to the employer not… Continue Reading RDS vs EGWP Coverage
The Social Security Administration states that full retirement age is between 65 and 67—depending on what year you were born. It is important to know the dates because depending on when you claim social security benefits impacts how much you will receive. If you were born before 1937 then your retirement age is set at… Continue Reading Senior Retirement Checklist