Donor-advised funds are a form of charitable giving rapidly rising in popularity. According to the National Philanthropic Trust, 2020 marked over 1 million active accounts, with contributions towards said accounts making up 10.1% of giving that year. The act of donating to a good cause may speak for itself, but it’s only natural to wonder: …
Continue reading “Tax Advantages of Opening a Donor-Advised Fund”
The Inflation Reduction Act of 2022, recently enacted into law, will bring sweeping financial reforms to make life more affordable for the everyday American. One of the largest federal programs affected by this legislation is Medicare. Whether you’re about to turn 65, or already have Medicare, you may be wondering: How will the Inflation Reduction …
Continue reading “5 Changes to Medicare from the Inflation Reduction Act”
In 2024, the Bureau of Labor Statistics predicts that 65-69-year-olds will make up 36% of the workforce. Since most Americans with health insurance receive coverage through their employer, workers approaching 65 must choose between remaining on their employer’s plan or enrolling in Medicare. This is a highly individual decision, with many variables at play. When …
Continue reading “Should You Enroll in Medicare or Stay on Your Employer’s Plan?”
“Can I enroll in Medicare without claiming social security?” In our office, we hear this question every day. To some, that may sound surprising; under the current law, most people become eligible for social security benefits at age 62 and Medicare at age 65. However, as we advise most of our clients, claiming social security …
Continue reading “You can enroll in Medicare without claiming social security. Here’s how.”
When you pick up, the person—or, more likely, the recording—tells you they’re calling on behalf of Medicare, the Social Security Administration, or even your insurance company. They say they need your social security number, Medicare number, or bank account information to activate your new Medicare card, sell you a neck brace, or help you …
In 2015, a 30-day supply of Humira, a prescription drug used to treat arthritis, cost $2,669 without insurance. In 2018, that same 30-day supply could run you a solid $5,000. Compare that to the average uninsured cost of Humira in Canada—about $2,300—and the outlines of a uniquely American nightmare begin to take shape. After the …
A Medicare Supplement, or Medigap policy, is an insurance policy sold by private insurance companies that can help you pay out-of-pocket costs that Medicare Parts A and B do not cover. Medicare Supplements are identified by the letters A through N, and are standardized by federal regulation across different insurance companies. This means that a …
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