Do I Have Enough Life Insurance? 6 Signs to Know if You’re Underinsured
Posted: February 7, 2025
If you are uncertain if you have enough life insurance, it is time to review your existing policy or, for some people, put a new policy in place. Life insurance is dynamic and needs to change with time. As you hit significant milestones, your insurance must match the changes. Here are some signs that you are underinsured. You Never Calculated How Much You Need While...
Medicare & Heart Disease: What is Covered
Posted: February 6, 2025
Heart disease is the leading cause of death in the United States. It accounts for over 600,000 deaths annually and affects both men and women across all racial and ethnic groups. It also primarily affects older adults. Here’s what you need to know about heart disease coverage if you have Medicare. What is Heart Disease? Heart disease is a broad term encompassing a range of...
Can My Drug Cost Go Over $2000 On a Part D Plan if a Drug is not on Formulary?
Posted: February 4, 2025
Yes, your drug costs can exceed $2,000 on a Medicare Part D plan if the drug is not on your plan’s formulary (the list of covered drugs). The $2,000 out-of-pocket cap (starting in 2025) only applies to covered drugs. What Happens If a Drug Is Not on the Formulary? You Pay Full Price – If a medication is not on your plan’s formulary, Medicare does...
How Did The Inflation Reduction Act Effect Medicare?
Posted: January 31, 2025
The Inflation Reduction Act (IRA) of 2022 introduced several key changes to Medicare, primarily aimed at lowering prescription drug costs for seniors and reducing overall healthcare expenses. Here’s how it impacted Medicare: 1. Prescription Drug Price Negotiation For the first time, Medicare can negotiate drug prices directly with pharmaceutical companies. The negotiation process started in 2023, with the first set of lower prices taking effect...
Why is Sitting the New Smoking?
Posted: January 25, 2025
Smoking kills 500,000 people a year in our country, according to the American Lung Association. It is a tragedy, considering it is the number one preventable cause of death in the U.S. When people say, “sitting is the new smoking,” the words represent a feeling more than a statistical fact, but it is a valid problem. How Much Do Americans Sit? The Centers for Disease...