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
Retiree Benefit News
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
Currently, approximately 15% of the population, or about 44 million people, are enrolled in the Medicare program. Consider how Baby Boomers—born between 1946 and 1964 area reaching retirement age at a staggering rate. Because of the sheer amount of people in that age bracket there are, they are set to receive social security and be… Continue Reading Tips For Choosing a Medicare Part D Plan
After a lifetime of work, many retirees find themselves lost when trying to decide how to spend their time. From a very young age, we are funneled into the school system, and after a decade and some change, we go off into the workforce. In other words, for many people, there has always been some… Continue Reading Top 4 Hobbies For Retirees
Beneficiaries Have Received an Increase Effective January 1, Social Security beneficiaries have received a 2.8% cost of living adjustment (COLA). This cost of living adjustment is an aid to keeping in check with inflation. It is the largest increase in COLA since 2012 when the adjustment was at 1.7 and will be paid out to… Continue Reading Social Security Changes For Retirees in 2019
Both Medicare and Medicaid are government-administered healthcare programs and many people get the two confused. The names aren’t all that different, so it can be easy to jumble the information. This info is worthwhile so you can know the differences and which program you may be eligible for you. Check out our article about Medicare… Continue Reading Medicare and Medicaid: What’s the Difference?