What Workers Can Expect During Open Enrollment

Heads-up, workers. Open enrollment season is just around the corner. That’s when you’ll make your selections for the benefits you’ll receive next year. Here are a few changes you may see in your employer’s health plan for 2016, according to Tracy Watts, a senior partner with benefits consultant Mercer:   Telemedicine. More employers will be covering doctor visits done over the phone, Skype or FaceTime. These virtual visits cost a fraction of an in-person consultation. Health cost estimators. To help …

Reframing the Social Security Decision

When should you begin taking Social Security benefits? That was a question asked of AARP.org visitors and registered website users . Less than 19 percent selected age 70, though that’s exactly what I tell the vast majority of my clients to do. Most object to my recommendation until I frame the decision in a different way, which is that they can spend money now and still let it grow. Take this recent case, for example. Kate is 66 and is …

Congress Approves Bill Bolstering Medicare Patients’ Hospital Rights

The U.S. Senate unanimously approved legislation Monday night requiring hospitals across the nation to tell Medicare patients when they receive observation care but have not been admitted to the hospital. It’s a distinction that’s easy to miss until patients are hit with big medical bills after a short stay. The vote follows overwhelming approval in the U. S. House of Representatives in March. The legislation is expected to be signed into law by President Barack Obama, said its House sponsor, …

Supreme Court Rules Health Insurance Subsidies Can Continue in All States

Some 6.4 million Americans in states relying on the healthcare.gov federal insurance exchange will continue to receive subsidies for coverage after the U.S. Supreme Court ruled June 25 that the Affordable Care Act allows such financial support. The law’s supporters applauded the court’s decision. “The ACA’s goals of improving affordability and removing barriers to access for health insurance have been critical in reducing the number of uninsured Americans,” said Jo Ann Jenkins, CEO of AARP. “Importantly, for older Americans, we …

AARP Applauds Supreme Court Ruling on ACA

AARP applauds the U.S. Supreme Court’s King v. Burwell decision today that allows individuals who purchased health insurance through the federal exchange to continue receiving subsidies to help pay premiums. The Affordable Care Act’s (ACA) goals of improving affordability and removing barriers to access for health insurance have been critical in reducing the number of uninsured Americans. Importantly, for older Americans, we have seen a 31 percent drop in the uninsured rate for those ages 50-64. The ACA has benefited …

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. …