Beware Medicare scams

By: Courtesy of the Better Business Bureau of Central Virginia
Posted on: November 05, 2020

Every year during health insurance open enrollment season, scammers try to dupe unsuspecting consumers into sharing their personal information. You may receive a call (or recorded message) from someone who claims to be helping you navigate your Medicare options. They may call themselves a “healthcare benefits advocate” or a similar title. The caller says they can enroll you in a... READ MORE

Reevaluate your Medicare coverage now

By: Lifestyles After 50
Posted on: November 04, 2020

It’s that time of year again: Medicare’s annual Open Enrollment period. Each year from October 15 to December 7, current Medicare users are able to compare and switch their Medicare and Part D prescription drug plans, if wanted. New users are able to enroll during this period, so long as it is not their first time enrolling in Parts A or B. (Your initial enrollment period... READ MORE

How to choose a trustee for your estate

By: Kiplinger Consumer News Service
Posted on: October 14, 2020

You know how hard you have worked and the sacrifices you have made to achieve your goals. To protect what you have worked for and provide for the most important people in your life, you may be counseled to put some or all of your assets into a trust. Once you have decided to fund a trust as part of your succession planning, you must determine who can best carry out your plans. “Whom do ... READ MORE

Pros, cons of Medicare Advantage plans

By: Liz Weston
Posted on: October 09, 2020

About 1 in 3 people 65 and older in the U.S. enroll in Medicare Advantage, the private insurance alternative to traditional Medicare. It’s not hard to see why: Medicare Advantage plans often cover health needs that Medicare doesn’t, and most people don’t pay extra for it. But Medicare Advantage can be more expensive if you get sick, because copays and other costs can be higher,... READ MORE

A simple guide to help your money last

By: Elliot Raphaelson
Posted on: October 08, 2020

Steve Vernon has a great deal of expertise in retirement planning, having written six books on the subject. His latest, Don’t Go Broke in Retirement: A Simple Plan to Build Lifetime Retirement Income (Rest-of-Life Communications), is an excellent source for middle-income people who want a straightforward plan to build a lifetime of retirement income. I believe the book will be very... READ MORE

How to recognize and stop elder abuse

By: Jim Miller
Posted on: October 07, 2020

Dear Savvy Senior, Can you write a column on how to recognize elder abuse and what to do if you suspect it? —Concerned Relative Dear Concerned, Elder abuse is a big problem in the United States that has escalated during the COVID-19 pandemic. According to the National Council on Aging, as many as 5 million seniors are victims of abuse each year, but studies suggest this crime is... READ MORE