Update March 24: At the last minute when it appeared the votes weren’t there for passage, the President and Speaker Ryan pulled the bill and it was not voted on. Apparently the issue is moot for the time being. So as Ryan said, “Obamacare is the law of the land”.
March 22, 2017 – The Republican controlled Congress and our new President have come out with their proposed replacement to the Affordable Care Act, aka Obamacare. Unfortunately for its proponents, the new bill, the American Health Care Act (AHCA), has run into considerable headwinds. The American Medical Association (AMA), hospital groups, the Heritage Foundation,the AARP, as many as 18 Republicans in the House and Senate, several Republican governors, and virtually every Congressional Democrat do not like the bill. In this article we will review how the proposed bill would affect baby boomers 50-64 who are not eligible for Medicare. Unfortunately, many of the folks in this group are retired (often involuntarily) and have very low incomes.
The Congressional Budget Office estimates that 14 million Americans of all ages would lose health insurance coverage in 2018 under the bill, rising to 24 million by 2026. On the plus side, about a third of a trillion dollars would be saved during that period, mainly because subsidies to lower income folks would be replaced with less generous tax credits. Although younger people would probably see net health premiums (after tax credits) go down with the Republican plan, people age 50-64 would see increases in premiums that are so high (more…)
Posted by Admin on March 18th, 2017
Update March 18 – We just provided an update on how the new TrumpCare replacement will affect people age 50 – 64 – “Obamacare Replacement Will Hammer Pre-Retirees“
March 1, 2017 — Judging by the number of Comments and questions we are seeing on this Blog, baby boomers are uneasy about what might happen to their healthcare insurance under Medicare, Medicaid, or the Affordable Care Act (ACA – Obamacare). Given all the headlines and conflicting plans and positions, those concerns seem to be well founded. In this article we will air some of the most frequent questions and concerns aired on the Topretirements.com Blog. In some cases we provide answers provided by other Members. We also have some good resources to recommend where you can research this topic in greater detail.
First, a little update on where we stand
The President, the Republican controlled Congress, and the new Secretary of the Health, Education and Welfare have all said they are going to repeal and replace the Affordable Care Act (ACA – Obamacare). Democrats, on the other hand, favor improvement/repair rather than repeal. The subject is confusing: according to one poll, one-third of Americans don’t realize that the ACA and Obamacare are the same thing. Republicans have floated at least one replacement plan in rough form, but they appear to have no consensus among themselves, in fact conservative Republicans say they won’t go along with many of the provisions in that plan. What will happen, (more…)
Posted by Admin on February 28th, 2017
January 22, 2017 — The AARP is a solid defender of Medicare and Social Security, as you might imagine. In their most recent Special Report the organization highlights some of the issues and dangers that Medicare faces as the Trump administration and Republican controlled Congress take over. We recommend reading the entire AARP Special Medicare Report – it raises important issues that every retiree, and every American, needs to be informed on. We certainly know the issue resonates with Topretirements members, who from our surveys say they like Medicare.
Conflict between the new President and conservative Republicans – and surprising potential allies
Trump promised on the campaign trail in New Hampshire that he would protect Medicare: “Every Republican wants to do a big number on Social Security. They want to do it on Medicare. They want to do it on Medicaid. And we can’t do that. It’s not fair to the people who have been paying in for years.”
With the inauguration behind us the battle lines are a bit murkier. Speaker of the House Ryan has proposed that Medicare as we know it would be replaced by fixed payments with which beneficiaries would be able to buy (more…)
Posted by Admin on January 21st, 2017
By Liz Szabo at Kaiser Health News. (Reprinted with permission)
Nov. 21, 2016 — A new study finds that the prevalence of dementia has fallen sharply in recent years, most likely as a result of Americans’ rising educational levels and better heart health, which are both closely related to brain health.
Dementia rates in people over age 65 fell from 11.6 percent in 2000 to 8.8 percent in 2012, a decline of 24 percent, according to a study of more than 21,000 people across the country (more…)
Posted by Admin on November 26th, 2016
June 12, 2016 — All over the country there is a craze raging with a very funny name – pickleball. You have probably heard about it, maybe because it is very popular in active adult and retirement communities. But the question is, should it be your next sport? This article will talk about the sport and help you determine whether you should give it a “whack”.
Pickleball got started in 1965 on a modified badminton court. Kids in gym class sometimes play it because it can be played indoors in a fairly limited space with minimum equipment. Since then it has expanded around the globe, but has really taken off as an activity in 55+ and active adult communities.
What is it the game and how is it played
Pickleball is played on a court that is roughly half the size (more…)
Posted by Admin on June 11th, 2016
June 8, 2016 — Congrats on your retirement, you earned it! Unfortunately a happy retirement doesn’t happen automatically – a lot depends on how staying young and maximizing your happiness every day. This article will share the best research we’ve seen to help you to live longer and get the most out of every moment of retirement.
To write this article we have taken a “Best of the Best” approach. To do that we assembled a list of great articles from around the web on the “secrets” and “mistakes” surrounding retirement. From each one we have picked out what we think is the most important tip or two. The result is (more…)
Posted by Admin on June 7th, 2016
May 17, 2016 — We have just updated Part I of our “So You Are Turning 65: Medicare and You 101” article. The revisions include up to date premium and deductible numbers for 2016, among other improvements. There had been a flurry of recent Comments made to this article and our “Open Enrollment Season Opens for Medicare and Obamacare” piece, so it seemed like an excellent time to get it up to date.
Posted by Admin on May 17th, 2016
December 15, 2015 — Hopefully at this point your children have been raised, your career is behind you, and you have amassed enough money to start enjoying a comfortable retirement. Now you have a new job: a happy and fulfilling retirement. But what is the best way to do that, and avoid wasting what are supposed to be your golden years?
One really good place to start is to examine the attitudes and behaviors toward retirement and aging of the people who have gone before us. You most likely know or remember some people who you admire for the way they lived their lives. This article will examine some of the life lessons we have seen firsthand or read about in famous (more…)
Posted by Admin on December 15th, 2015
November 12 Update: Final Medicare Part B Premiums and Deductibles Announced
October 27, 2015 — This is the open enrollment period for both Medicare and Obamacare. If you are retired and need health care before age 65, or you are 65 or over and eligible for Medicare, you need to pay attention, as these are, with some exceptions, the only times you can enroll or change your coverage. And there are many good reasons why you might want to change it.
Two different enrollment periods
Which open enrollment period you need to worry about depends on whether you are talking about Medicare or the Affordable Care Act (Obamacare).
Medicare enrollment started on October 15 and runs through December 7. If you are 65 or over you need to enroll/make your changes by then or wait until next year (with some exceptions). The changes you make go into effect on Jan. 1, 2016.
Affordable Care Act enrollment for those not eligible for Medicare goes from November 1 to December 15 (much less time than last year). Changes go into effect Jan. 1, 2016.
What is an Open Enrollment Period
An open enrollment period is the time during which you can sign up for coverage for the upcoming year if you don’t have it now. You can also change (more…)
Posted by Admin on October 26th, 2015
July 28, 2015 — There is at least one good thing about getting to the ripe old age of 65 – you are eligible for Medicare! It pretty much removes the worry of finding health and drug insurance coverage, and you get this benefit at a very low cost. But if you make some of these common mistakes, you might not be eligible for it when you want it, or it might cost you more money than it should.
We think this article will be useful for people who have not yet signed up for Medicare as well as those who are already in the program. It is part of our series on Medicare and health care insurance. See the bottom of this page for links to the rest of the series.
But before we launch into the worst Medicare mistakes, here is a tiny background about Medicare:
What is Medicare, and who is eligible?
Medicare is health insurance for people 65 years or older, under age 65 with certain disabilities, and any age with end-stage renal disease (ESRD) or Lou Gehrig’s disease. Medicare has four parts — Part A, which is hospital insurance, Part B, which is medical insurance, Part C, which is Medicare Advantage Plans, and Part D, which (more…)
Posted by Admin on July 27th, 2015