Excelas, LLC on LinkedIn: National Health Expenditure Projections, 2022–31: Growth To Stabilize Once… (2024)

A new survey from Retirement Living recently revealed that most Medicare Advantage (MA) beneficiaries are satisfied with their health plan. However, the survey also found that only 44% of MA enrollees say they completely understand their plan. Helping older adults feel confident about understanding their health plans empowers them to make well-informed decisions about their health.This piece in FierceHealthcare explores the full survey – make sure to check it out. https://bit.ly/3rgbxC3

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🚨 Important Update: Medicare Advantage Plans are About to Change 🚨The recent announcement that CVS Health is cutting back on its Medicare Advantage plans comes at a crucial time, especially as a wave of baby boomer retirees is flooding the system. This significant move highlights the ongoing challenges in maintaining the solvency of the federal program.With these changes, it's more important than ever to stay informed and make educated decisions about your Medicare coverage.At My Senior Health Plan, we offer free, trusted assistance to help you navigate these complexities and ensure you secure the right coverage for your needs.📞 Contact us today at 877-255-6273 for personalized guidance and support.Read more about these changes: https://lnkd.in/eq2aAJYu#Medicare #Healthcare #BabyBoomers #MedicareAdvantage #Retirement #SeniorHealth

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Did you know that more than one in five Medicare beneficiaries struggle to afford their health premiums? Lowering out-of-pocket health costs can be a huge help. Still confused? We don't blame you. Make an appointment today with one of our Financial Advisors and learn how you can factor the costs of Medicare into your retirement years.

Latest News From Medical Economics - Report: Medicare beneficiaries need as much as $413,000 in savings for uncovered health expenses.https://lnkd.in/eM6_W8tg#EBRI #medicare #paulfronstin #savings #healthinsurance #savings #news #health #jakespiegel #personalfinance #expenses #healthcare #retirement

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Check out a recent MarketWatch article where I discuss employer provided retiree health care benefits. #retirementplanning #healthcarebenefits

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As retirees bid farewell to the workforce and transition into a new chapter of their lives, one looming concern often dominates their financial landscape: healthcare expenses. This article sheds light on the challenges retirees face.

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The Medicare open enrollment deadline of December 7th is quickly approaching, take into consideration these four things as you evaluate your 2024 Medicare solution. If you are already on Medicare, now is your chance to make changes to your Medicare coverage for benefit year 2024 so don't delay! #bellwetherag #medicareopenenrollment #healthinsurance

🔍 OP&F Health Care Stipends: What You Need to Know! 🔍Hey OP&F Retirees! Here's a quick guide to navigating your health care stipends through Alight and eHealth. Stay informed, stay healthy! 💪1. How to Contact Alight and eHealthCall Alight at 1-844-290-3674 for OP&F health care stipend inquiries.Request transfer to an eHealth rep through Alight for personalized assistance.2. Stipend DetailsStipend levels: Check OP&F website's health care page for the chart. Not taxable: Stipend is tax-free, managed by Alight in a Health Reimbursem*nt Account.3. Enrollment and Plan ChoicesRegister online with Alight: Explore Medicare and pre-Medicare plans.Dual coverage: You can have dual coverage, but stipends won't apply if covered elsewhere.4. Special Enrollment PeriodsQualifying events: Life changes like retirement trigger enrollment opportunities.COBRA eligibility: Premiums after Jan. 1, 2019, are eligible for stipend reimbursem*nt.5. Additional Information to KnowDental and Vision: Stipends cover premiums for medical, dental, and vision plans.Catastrophic HRA: Provides extra coverage for expensive medications under Medicare Part D.Remember, stay proactive, and don't hesitate to reach out for expert guidance! Stay healthy, stay covered! 🌟 #OPFHealthCare #RetirementWellness #FirstResponders

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With the rising costs of medical care, it's always important to review and consider all available Medicare options to ensure that you are adequately covered. Check out this article that offers some resources to guide your decisions. #Medicare #Healthcare

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Medicare open enrollment is here. Here are four reasons all retirees should actively evaluate their Medicare selections on a yearly basis: 1. Medicare benefits are always evolving.2. Lifestyle changes may warrant a change in coverage.3. Health changes may mean more – or less – coverage.4. Health care is a considerable expense in retirement.Let’s work through your Medicare options – together.https://bit.ly/3rRpUwY