Higher copays seen for Medicare drugs

With three weeks left for seniors to change their Medicare prescription plan for 2012, a study released Wednesday finds that copays for brand-name drugs are going up — sharply in some cases. Copays for preferred brand-name drugs will increase by 40 percent on average next year, and non-preferred brands will average nearly 30 percent more, according to the study by Avalere Health. Copays are the portion of the cost...

It’s Medicare Choice Time Again

Compare, Shop, and Save When Looking for a Medicare Plan 10/11/2011 Dear Clients and Friends: We truly appreciate having you as our client, and hope you are doing well. We are here to satisfy your professional needs, but we also strive to make a difference in your life as a trusted resource and a valued consultant. Because of your importance to us, we want to be certain you are aware of this year’s...

Tax Advantages Of Having A Long Term Care/Home Health Care Policy

There are a lot of advantages to purchasing long-term care insurance. It helps people remain in their homes as long as possible, ensures parents won’t have to rely on their kids to take care of them, and provides protection for a retirement nest egg. But there’s another important advantage…the potential to save on federal and state income taxes. LTCi Premiums May be Tax Deductible Provided by Duaine...

Doctors say Medicare cuts force painful decision about elderly patients

Provided by Duaine Owings  By N.C. AizenmanWashington Post Staff WriterFriday, November 26, 2010; 12:02 AM Want an appointment with kidney specialist Adam Weinstein of Easton, Md.? If you’re a senior covered by Medicare, the wait is eight weeks.   How about a checkup from geriatric specialist Michael Trahos? Expect to see him every six months: The Alexandria-based doctor has been limiting most of his...

Is Long Term Care Insurance Worth The Cost?

Provided by Duaine Owings Is long-term care insurance worth the high premiums? There is no objective answer. The answer lies within us; it lies in answering these three questions: Do we want to control how we spend our money in our old age or whom we leave it to? Do we want as much control as possible over how and where we are cared for in our old age? A word on what long-term care insurance is: It is coverage...