In this final blog about Medicare, we will discuss some highlights regarding prescription drug coverage. Check your plan for Part D as to covered prescription drugs and which are formulary and non-formulary. Each plan has lists of drugs fitting into each category. If your drugs are not on the approved list, you may have to […]
Last week, we talked about enrollment periods and what happens if you fail to enroll at a specified time. This week, we will discuss the different types of Medicare. There is confusion with original Medicare and Medicare Advantage plans. When you are eligible for Medicare, you have a choice which is dependent upon your health […]
Medicare open enrollment is upon us. It can be a daunting time with choices to be made. Choosing the best Medicare options that will work best for you can be complicated. This is the first of a three-part series which will help you avoid some common Medicare mistakes. That magical birthday of 65 is approaching. […]
When you say “estate planning”, many people think of going to an attorney and having their Last Will and Testament prepared. But, is this all that meets the definition of “estate planning”? Oh no — far from it. First of all, the term “estate planning” is the production of documents far beyond a Will. At […]
New Jersey recently enacted the right to die or assisted suicide legislation as the eighth jurisdiction in the U.S. to allow a fatally ill individual to make a decision to end their life. New Jersey joins Hawaii, Colorado, Oregon, Vermont, Washington and California. The legislation is deemed to be a commitment to individual dignity, informed […]
You have the luxury of a cleaning person. A neighborhood kid cuts your lawn or shovels your snow. You have a great babysitter when you need one. You have someone who runs errands for you. It is so nice to have people you rely upon and who can help you out. But, wait! Are these […]
We are in the midst of hurricane season and while most of us do not have to worry like some, the Internal Revenue Service reminds everyone to develop an emergency preparedness plan. Taxpayers, whether individuals, organizations or businesses, should take time now to create or update their emergency plans. So, even though we may not […]
IRS scams and phishing, identity theft, this scam, that scam — What’s This World Coming To? Scammers are creative. Must be nice not to have anything else to do but come up with new ploys to intimidate and steal from law-abiding citizens. The elderly are particularly vulnerable in these ploys and so easily fall prey […]
Just when you have finally put last year’s tax returns away, you get a piece of mail that requires you to revisit your return and possibly amend the same. Don’t panic. It’s not as bad as you think. You may have received a notice that the IRS changed a calculation on your return. If you […]
One might think that since April 15 has passed, so has the season for tax scams. Think again. There is no season for tax scams. They occur 365 days a year. The IRS has reported a couple of new variations of tax-related scams. They call one of them the SSN HUSTLE. In this scam, the […]
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