Social Security Errors!

Social Security Errors!

If you or a loved one have received bills for as many as five months of premiums, do not toss that bill away! According to the Social Security Administration, “Due to a processing error in January, some Medicare Advantage and Part D beneficiaries' requests to have premiums withheld from their Social Security benefit checks did not go through.” This means that the premiums you thought you had paid for these past few months are actually still due. These errors may cost you a cancellation in your Medicare Advantage plan or Medicare Part D drug prescription plans. Once these plans are cancelled, it will be difficult to have them reinstated and you will still owe the past-due premiums (if the plans are reactivated). It might take months to realize if you have been affected if you are not aware already (if you have been affected you will receive a bill in the mail). Instead of waiting for a past-due bill, be...
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Create a mySocialSecurity Account

Create a mySocialSecurity Account

Seniors are adopting technology at a faster and faster pace. Managing your financial affairs, including banking, Medicare and Social Security accounts are key parts of making a successful transition to senior living. If you have not done so already, setting up an online account with the Social Security Administration will give you a very helpful tool. The Social Security Administration calls your electronic link a “mySocialSecurity Account.”  It is easy, safe and secure. With your mySocialSecurity Account you can set up or change direct deposits, change address information, replace a lost Social Security card and perform many other functions. To find out more and get your own account, go to Create your personal my Social Security Account today. Our mission is to serve the needs of seniors in all ways possible. In our blog, we try to provide useful information in an easy-to-understand format. Please continue to look to the OurSeniors Family for help in all senior-related issues.  For information about any...
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Here is a bit of Good News for Seniors

Here is a bit of Good News for Seniors

The last few days have brought some relatively good news for seniors from the two most important government agencies in their lives. The Social Security Administration announced that 2019 will bring the biggest cost-of-living adjustment to Social Security recipients in years. That COLA will be 2.8%, not a fortune by any means, but better than recent years. According to Yahoo Finance, the average retiree gets $1,422 a month in Social Security benefits. The 2.8% cost-of-living adjustment (COLA) for 2019 will increase that figure to $1,461 a month. This will hardly make a senior into a millionaire, but it is the best COLA since 2012. Meanwhile, the CMS (Centers for Medicare & Medicaid Services) announced relatively small changes in Medicare premiums and deductibles for 2019. The tables below apply to the vast majority of seniors covered by Medicare. For them, the monthly Part B premium will increase by only $1.50 and the Part B annual deductible will increase by only $2.00. Seniors who...
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