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Medicare in the Time of COVID-19: Here’s What You Need to Know

January 14th, 2021

By Lindsay Engle for the NABBW It’s been almost a year since the COVID-19 pandemic began, and just as you’ve had to adjust parts of your life to protect yourself and your family, Medicare has also had to modify their coverage. The goal of this article is to help you, as a Medicare beneficiary, to know what changes and modifications the Centers for Medicare and Medicaid Services (CMS) have made. Increased Access to Telehealth Services First and probably most significant, Medicare has temporarily increased coverage for telehealth services. Telehealth includes telemedicine, or remote... Read More

How and When to Sign Up for Medicare: Breaking down the enrollment periods and eligibility

November 3rd, 2020

Provided to the NABBW by Pamela J. Sams, CRPC, BFA, MBA and NABBW’s Retirement Planning Associate Medicare enrollment is automatic for some. For those receiving Social Security benefits, the coverage starts on the first day of the month you turn 65.1 If you are not receiving Social Security benefits at 65, you may be delaying until you reach full retirement age, or until you reach 70. If you’re coming up on 65 and not receiving Social Security benefits, SSDI, or benefits from the Railroad Retirement Board, you can still apply for Medicare coverage. You can visit your local SSA office or... Read More

Got Medicare? Get a no-cost test for COVID-19

May 20th, 2020

If you’ve been wondering about the cost of being tested for COVID-19, here’s a letter from the Centers for Medicare and Medicaid Services which spells out what is covered under the recent CARES Act: By Seema Verma, Administrator, U.S. Centers for Medicare & Medicaid Services If you have Medicare and want to be tested for coronavirus disease 2019 (COVID-19), the Trump Administration has good news. Medicare covers tests with no out-of-pocket costs. You can get tested in your home, doctor’s office, a local pharmacy or hospital, a nursing home, or a drive-through site. Medicare... Read More

How Women Can Prepare For Retirement: A practical financial checklist for the future.

April 24th, 2020

Provided by Pamela J. Sams, CRPC®️ BFA™️ – NABBW’s Retirement Readiness Associate When our parents retired, living to 75 amounted to a nice long life, and Social Security was often supplemented by a pension. Today, the Social Security Administration (SSA) estimates that the average 65-year-old woman will live to age 86½. Given these projections, it appears that a retirement of 20 years or longer might be in your future.1,2 Are you prepared for a 20-year retirement? How about a 30-year or even 40-year retirement? Don’t laugh; it could happen. The SSA projects that about 33%... Read More

Tax Strategies for Women

September 20th, 2019

By Jennifer Hipkiss CFP®, EA, MSFP for the NABBW Women are poised to be the leaders in wealth management over the next decade, with an estimated 40% of women controlling assets over $600,000 in America1. Unfortunately, taxation can erode growth of wealth and useable financial resources for your goals – what you earn net of taxes is your true wealth of useable money. Implementing tax strategies to preserve your money will help you grow your wealth, as well as, provide added security to your financial plan without additional risk. Fortunately, there are strategies to help you minimize your tax... Read More

Will Medicare Cover Me When I Travel Internationally?

August 2nd, 2019

By Linda Ballou NABBW’s Adventure Travel Associate Last month, we began a two part discussion on your Medicare coverage when you travel. This is an important topic, since so many of us Boomers, bitten by the “travel bug,” hit the road as soon as we retire. Of course, your retirement and the opportunity to become covered by Medicare often happen close together, which means you may be traveling before you’ve had the opportunity to become totally familiar with your Medicare coverage.  Last month, we looked at Medicare coverage during domestic travel. (That is, travel within... Read More

Will Medicare Cover Me When I Travel Domestically?

July 2nd, 2019

By Linda Ballou NABBW’s Adventure Travel Associate Many retirees can’t wait to hit the open road as soon as they have been freed from their 9 to 5 job. This means new retirees are often traveling while they’re still new to Medicare.  Therefore, knowing how Medicare covers you while you travel is something you should learn sooner rather than later. Medicare covers its beneficiaries differently depending on where you travel and how you elect to receive your coverage. Below, I share a conversation I had recently with Danielle K. Roberts, co-founder of Boomer Benefits in which we... Read More

What Women Shouldn’t Retire Without: A practical financial checklist for the future.

May 29th, 2018

Provided by Pamela J. Sams, CRPC, NABBW’s Retirement Planning Associate When our parents retired, living to 75 amounted to a nice long life, and Social Security was often supplemented by a pension. The Social Security Administration (SSA) estimates that today’s average 65-year-old female will live to age 86.6. Given these projections, it appears that a retirement of 20 years or longer might be in your future.1,2 Are you prepared for a 20-year retirement? How about a 30- or 40-year retirement? Don’t laugh; it could happen. The SSA projects that about 25% of today’s 65-year-olds will... Read More

Medicare: Even Rocket Scientists Can Find Understanding It Convoluted and Confusing. To the Rescue: “Medicare 101”

April 9th, 2015

By Becky Feola NABBW’s Associate for Assisted Living and Caregiving The program Medicare is easily one of the most recognized senior benefits in our nation. However, it can be confusing and many people don’t understand the basics of how the program works. Below is an overview that should give some clarity and guidance if your loved one ever needs care. Medicare is the federal health insurance program for people who are 65 or older or those who may be younger but have certain disabilities, and people suffering from End-Stage Renal Disease (permanent kidney failure that requires dialysis or a... Read More

Medicare Enrollment Just Days Away: Obamacare Impact, Tips

October 3rd, 2013

Time to Choose a Medicare Coverage Plan – What You Don\’t Know May Cost You By Ross Blair, Senior Vice President, eHealthMedicare.com Fall is a big time for the Affordable Care Act (ACA) — and if you are over 65, you might be confused about what that means for your Medicare benefits. This year, the enrollment periods for “Obamacare” and Medicare overlap, which may have you wondering if one is related to the other. The simple answer is no. Medicare is the federal health insurance program for people 65 or older. It also helps with coverage for certain younger people with disabilities... Read More