Nourish Banana PancakesIt depends. If you meet the requirements you're OK to delay. It's important to keep in mind that failure to enroll in Medicare on time is one of the most costly mistakes that working Medicare-age seniors make. You can wind up getting hit with late enrollment penalties that you'll have to pay every year for the rest of your life. Those penalties could drain thousands in extra Medicare costs from you and your wife's savings and income..On Thursday, HELP Committee Members heard from the governors of five states, who offered their guidance on improving the individual market. Governor John Hickenlooper explained that states have long been the test labs of democratic experiments and they are in an exceptional position to propose unique solutions. He and others who testified at Thursday's hearing agreed that CSRs must continue to be funded and that lawmakers should consider creating an emergency stabilization fund to decrease the skyrocketing premiums many individuals are currently facing. Governor Charlie Baker summarized the spirit of the hearing when he said "health coverage is a shared commitment," and although the opinions of elected officials vary widely, they are dedicated to working to solutions together..When the average person measures cost changes, one compares the change in the cost of a specific item like a gallon of home heating oil over a specific time frame. For example, the national average cost of home heating oil was .15 per gallon in the first week of January 2000. In the first week in January, 2013 it had increased to .00 per gallon - an increase of .8That's a total increase of 257% over 13 years. … Continued
Careers Learning OpportunitiesTo learn more about your benefits and retirement, sign-up for TSCL's free online newsletter, The Social Security & Medicare Advisor..The Joint Select Committee on Deficit Reduction was created under the Budget Control Act of 2011, and is charged with finding at least .2 trillion in deficit cuts by Thanksgiving. It will likely consider proposals to reform Social Security and Medicare..There were certain federal health programs set to expire at the end of May, but the expiration date was extended to Nov. 30 in one of the recently passed bills to deal with the coronavirus situation. … Continued
