July 1, 2013
On the journey to financial freedom, there are the big crises you see coming (replacing an old vehicle, taxes) and the ones you don’t (car accident, major illness,...
June 3, 2013
Slower growth in U.S. healthcare costs improved the budget outlook for the Medicare program for the elderly from last year, but the fortunes of the Social Security pension program have not changed despite a better economy, trustees of the...
March 15, 2013
For many Americans, the health reform law passed in 2010 will forevermore tie their health to their taxes.
And even though the big changes required by the Patient Protection and Affordable Care don't start until 2014, the tax impact starts...
December 21, 2012
Even more daunting than finding that perfect sweater for everyone on your shopping list may be discovering some financial freedom for yourself. Whether it’s tax prep or retirement planning...
December 7, 2012
Congressional Republicans want to raise Medicare's eligibility age as part of a deal with Democrats to avoid falling off the fiscal cliff. Raising the eligibility age from 65 to 67 would save some money for Medicare and low-income seniors. But at...
December 4, 2012
There are few certainties for year-end tax planning this year, but if you're a wealthy investor there is one sure thing — the new Medicare tax, slated to begin in 2013.
Part of the 2010 health care reform law, it is a 3.8 percent tax on...
November 14, 2012
Many Baby Boomers, like me, are sandwiched between caring for our children and our parents. If you’re lucky enough to still have your parents around, like I do, consider yourself blessed. With the many challenges that we face living between...
November 14, 2012
Medicare processed 906 billion outpatient insurance claims in 2010 - and refused to pay 10 percent of them. But if you're a senior on Medicare with a denied claim, your odds of turning that around are surprisingly good if you appeal.
November 5, 2012
Medicare coinsurance is absolutely essential. Medicare only pays 80 percent of usual and customary fees — that does not mean it pays 80 percent of the bill. You must first ask if the doctor’s office...
October 25, 2012
Glenda Jimmo has had a challenging life. Blind since the age of 19, the 76-year-old Bristol, Vermont, resident is confined to a wheelchair due to disabling conditions that include a below-the-knee amputation stemming from her diabetes.