About 2 million seniors who qualify for Medicare’s Extra Help skip roughly $11.4 billion in prescription savings every year
Every year, roughly 2 million seniors who meet the eligibility requirements for Medicare’s Extra Help program never claim the benefit, forgoing an estimated $11.4 billion in prescription drug savings. The program covers Part D premiums, deductibles, and copayments, yet a structural gap in how the federal government tracks and enrolls eligible beneficiaries helps explain why […]
Read MoreAbout 2 million seniors who qualify for Medicare’s Extra Help skip roughly $11.4 billion in prescription savings every year
Every year, roughly 2 million seniors who meet the eligibility requirements for Medicare’s Extra Help program never claim the benefit, forgoing an estimated $11.4 billion in prescription drug savings. The program covers Part D premiums, deductibles, and copayments, yet a structural gap in how the federal government tracks and enrolls eligible beneficiaries helps explain why […]
Read MorePersonal Finance
Insurance & Protection
Medicaid looks back five years at a senior’s gifts and transfers before approving nursing-home coverage, and violations bring a penalty period
A senior who gave money to a grandchild or transferred a home to a family member within the past five…
Personal Finance
Insurance & Protection
Medicaid looks back five years at a senior’s gifts and transfers before approving nursing-home coverage, and violations bring a penalty period
A senior who gave money to a grandchild or transferred a home to a family member within the past five…
Markets & Investing
Banking & Credit Cards
Fraud & Scams
ApolloMD patients whose data was exposed can claim up to $5,000 from a $4 million settlement before a September 30 deadline
Patients treated by ApolloMD who had personal and medical information exposed in a data breach can file claims for up to $5,000 each from a...
Fraud & Scams
Naming a trusted contact on your bank and brokerage accounts lets the firm flag suspected fraud before your money is gone
Older Americans lose billions of dollars each year to financial exploitation, and in many cases the money is gone before anyone at the bank or...
Fraud & Scams
Patients hit by the Lakeview Health data breach can claim up to $7,080, with an August 24 deadline to file
Patients affected by a data breach at Lakeview Health Systems, LLC face an August 24 deadline to file claims worth up to $7,080, according to...
Fraud & Scams
Older Americans lost more than $262 million to gold-courier scams in one recent stretch, many after a single pop-up on their computer
A single fake security alert on a home computer is enough to set off a chain of events that ends with an older American handing...
Fraud & Scams
An 86-year-old New York widow who lost $700,000 to scammers is suing Bank of America and Merrill Lynch for letting the transfers go through
An 86-year-old widow in New York has filed suit against Bank of America and Merrill Lynch, alleging the institutions allowed roughly $700,000 in fraudulent transfers...
Fraud & Scams
A California widow was about to wire $1 million to a crypto scammer until ChatGPT warned her it was fraud
A California widow came within hours of wiring nearly $1 million to criminals running a cryptocurrency investment scheme before a conversation with ChatGPT flagged the...
Real Estate
Mortgages & Rates
A federally backed reverse mortgage now lets seniors tap up to about $1.24 million of home equity without a monthly payment
Homeowners aged 62 and older can now access up to $1,249,125 in federally insured home equity through a reverse mortgage,…
Retirement & Taxes
About 2 million seniors who qualify for Medicare’s Extra Help skip roughly $11.4 billion in prescription savings every year
A surviving divorced spouse can still collect Social Security on an ex who has died, as long as the marriage lasted at least 10 years
Some SSI recipients will get two payments in the same month this year, a quirk of the calendar rather than a bonus
A shared nursing-home room now runs about $9,581 a month, and Medicaid steps in only after a senior’s savings fall below $2,000
A retiree who claimed Social Security early can suspend the benefit at full retirement age and let it grow again until 70
After a senior dies, Medicaid can bill the estate for nursing-home care it paid, though the family home is sometimes shielded
Required withdrawals from a traditional IRA or 401(k) now begin at age 73, and missing one can trigger a penalty of up to 25%
Medicare’s fall enrollment window opens October 15, and ignoring your plan’s change notice can lock you into higher costs for 2027
Claim Social Security at 62 and the most it pays is about $2,969 a month; wait until 70 and the ceiling jumps to $5,181
Two nights in the hospital “under observation” instead of admitted can cost seniors thousands and block Medicare’s nursing-home coverage