As elder law attorneys, we keep a finger on the pulse of government benefits for seniors, and Medicare is one of them. In this post, we are going to share some recently released information about the relatively modest out-of-pocket cost increases seniors will face in 2021. Four Distinct Parts Medicare is broken up into four distinct parts. Part A is the hospitalization component. There is not a monthly premium if you have earned eligibility through your payroll tax contributions. To … [Read more...] about Some Out-Of-Pocket Medicare Costs Will Go Up in 2021
Retirement Planning
2021 Social Security COLA News
As elder law attorneys, we keep a finger on the pulse of government programs that seniors rely on, and the existing parameters are updated annually. At the time of this writing, Medicare has not released their revised figures, but we can pass along some news from the Social Security Administration. Cost of Living Adjustment (COLA) Prices tend to rise, and when all or part of your income is fixed, this is a source of concern. Fortunately, Social Security usually provides cost-of-living … [Read more...] about 2021 Social Security COLA News
