This is a correction/update of information about Medicare open enrollment in the prior newsletter. My apologies for the double mailing.

If you are in the target age category, you are experiencing a deluge of Medicare mailings. It pays to shop your policies if you have Medicare Advantage (through commercial insurers), and your Supplemental and Part D coverage if you have original Medicare. You can do that at the official government site Medicare Plan Finder

Every year the insurance companies change their exclusions, pricing and formularies for prescription drugs. You have until December 7 (open enrollment period) to add or change plans. 

For help with the process, call your local SHIIP program.Go to this link to find your local office. They have counsellors who can assist you. 

Or you may want to start with the non profit Medicare Rights Center's excellent website Medicare Interactive for more information.

The last article is an opinion piece on the vote this week to kill the Consumer Financial Protection Bureau's regulation to stop financial companies from inserting mandatory arbitration requirements into the fine print of consumer contracts. 

Best,
Carole

Now Is the Time to Review Your Medicare Options

Are you happy with your current Medicare plan or plans? Now is the time to think about whether you are in the right plan or whether a new plan could save you money. 

More
Nursing Home Costs Rise Sharply in 2017

The median cost of a private nursing home room in the United States has increased to $97,455 a year, up 5.5 percent from 2016, according to Genworth's 2017 Cost of Care survey.

Details
How to Reverse Medicare Surcharges When Your Income Changes

What happens if you are a high-income Medicare beneficiary who is paying a surcharge on your premiums and then your income changes? If your circumstances change, you can reverse those surcharges.

Read On
Florida Nursing Home Tragedy Causes Rethinking of Disaster Preparedness

The recent tragedy in which 12 Florida nursing home residents died when the facility lost power during Hurricane Irma is causing government officials to rethink disaster planning.

Full Story
Senate Kills Arbitration Prohibition - Special Interests Prevail

“Republican Vice President Mike Pence cast the tie-breaking vote. The final count was 51 to 50.” … CFPB Director Richard Cordray rarely comments on congressional action but on Tuesday night said "Wall Street won and ordinary people lost. This vote means

Read More