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Reduce Medicare Premiums: A 2022 Tax Tip For Higher Income Seniors

Some 4.7 million higher-income seniors pay additional premium surcharges for their Medicare coverage according to the American Association for Medicare Supplement Insurance.“In 2007 Medicare started imposing the Income Related Monthly Adjustment Amount (IRMAA) surcharge,” explains Jesse Slome, director of the organization. “A senior couple with higher incomes can pay as ....

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2023 Medicare Advantage Insurance Statistics Posted

The most current 2023 Medicare Advantage statistics have been shared by the American Association for Medicare Supplement Insurance (AAMSI).“We strive to provide relevant information that consumers seek and insurance professionals can utilize to better understand Medicare options,” explains Jesse Slome, director, AAMSI. “Medicare Advantage plans now clearly dominate the landscape ....

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Long-Term Care Insurance Paid Claims Grow In 2022 Reports AALTCI

Long-term care insurance companies paid out a record $13.25 Billion in 2022 according to the American Association for Long-Term Care Insurance (AALTCI).“Claim benefit payouts for policyholders with traditional long-term care insurance coverage grew from $12.3 Billion in 2021,” reports Jesse Slome, AALTCI’s director.  “The increase in benefit payouts is expected ....

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