Affordable Care Act Open Enrollment Is Underway; Shop Smart

AARP encourages Americans to review their health insurance options during the Affordable Care Act (ACA) open enrollment period that started Sunday. Open enrollment (from Nov. 1 to Jan. 31) is an important opportunity for consumers to find a plan that could save them more money, offer better services, or include more of their doctors. Since the Affordable Care Act’s first open enrollment period in 2013, the uninsured rate for pre-Medicare Americans between the ages of 50 and 64 has dropped …

Hearing Loss Solutions Need More Technology, Federal Support

With only a fraction of the estimated 30 million older Americans with age-related hearing loss using hearing devices, “the time is ripe for a technology solution that could be helped along by federal action,” said geriatrician Christine Cassel, M.D., last week in a report on hearing issues before a government advisory council. Cassel, a member of the President’s Council of Advisors on Science and Technology (PCAST), reported her committee’s findings on how technology could help those with mild to moderate age-related …

What You Can Expect When the Fed Raises Rates

Federal Reserve policymakers will meet next week to decide whether to raise a key interest rate. If they do, it’ll be the first time since June 2006. To put that in perspective, the New York Times notes that back then, Facebook was still mostly for college students and its competitor, MySpace (remember MySpace?), had 10 times as many users. If policymakers nudge this rate up, it could have a ripple effect on the pocketbooks of consumers. Many experts predict, though, …

10 Tips for Even Safer Online Banking

About half of Americans now use computers or smartphones as their primary banking method. Online banking with PCs or Macs still reigns supreme as “most preferred” by one-third of customers, but mobile banking has increased fourfold since 2010. Either method is safer than mailed statements. But with their geo-location capabilities, secure banking apps and other advances in mobile software, smartphones may have the security edge over traditional computers. Here’s how to make mobile and old-school online banking even more secure. …

Mac Attack (and More): The Latest in the Tech Support Scam

En español | For six years, telephones have been ringing off the hook with alarming but bogus news: There’s a dangerous virus on your computer, and the caller – a self-described technician with Microsoft, “Windows” or an antivirus software company – says he can remove it … for a price. But now, it’s not just PC users at risk for the notorious tech support scam. Mac users (and the machines themselves) are also vulnerable – and this time, fix-it fraudsters …

CFPB: Reverse Mortgage Ads Can Confuse More Than Inform

Advertisements touting reverse mortgages often leave older consumers confused about the loan terms and unaware of the risks, according to a new report from the Consumer Financial Protection Bureau. “Perhaps most concerning of all, the ads left the consumers believing that if they purchase a reverse mortgage loan, they will be able to rest assured that they can live in their homes and enjoy financial security for the rest of their lives,” CFPB Director Richard Cordray said in a teleconference. …