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Monthly Archives: November 2015

Medicare Costs in 2016

You may have heard that Medicare premiums were due for a drastic increase in 2016. However, thanks to the Bipartisan Budget Act of 2015 that was signed into effect on November 2, 2015, those costs are not going to be as high as originally thought for Medicare Part A and Part B participants. There are 52 million Americans that are expected to be enrolled in Medicare Part B in 2016. The premiums are broken up into two categories: 1) Those that are considered to be “held harmless” from a premium increase, which constitute about 70% of Part B users. 2) […]

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5 Things You Need to Know About Federal LTCI

Melissa Barnickel was interviewed by Ed McCarthy, CFP, RICP about the Federal Long Term Care Insurance Plan. Article – 5 Things You Need to Know about Fed LTC.   If you are considering long term care insurance as a funding source to pay for care, learning what options are available in the marketplace and then evaluate which ones you prefer.  Also consider what the cost of care is in the area you live now and where you expect to live in your golden years.  Insurance does not need to fund 100% of the cost, some coverage can benefit the person receiving care and […]

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