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Medicare is a ticking time bomb that hardly any politician – and certainly no political party – is paying attention to.
Joining me on some upcoming segments here is Hugh Anderson of High Tower Las Vegas, an independent financial planning firm.
Hugh has just written a blog called Other People’s Money on www.HighTowerAdvisors.com on July 31st .
About the realities of Medicare and the numbers most of us don’t realize.
If you have heard me, you realize I see Medicare as a disaster looming. The dollar will devalue. We will have less for investment in education, infrastructure and military. Hugh Anderson does too, but he is not as doom and gloom as I am.
THAT’S HUGH ANDERSON OF HIGH TOWER LAS VEGAS, AN INDEPENDENT FINANCIAL PLANNING FIRM. THE COMPANY SITE IS www.HIGHTOWERADVISORS.com
NEXT SEGMENT MORE WITH HUGH ANDERSON ON WHY WE HAVE LET THIS HAPPEN.
in Self Help
Lynn Shank, Expert in Later Life Issues and Resources, National Medicare Training Partner, Speaker, Author, and Owner of A+ Longevity, joins us, once again, in the studio to talk about Medicare changes and all things Medicare! Lynn is also author of the book, "Help! My Parents Are Getting Older (And I Don't Know What To Do!)," so we'll be discussing some of the issues of aging parents, as well.
We will also hear from Jazz Mills who will talk about her music and a project she is personally involved with
You need to start by knowing the basics. People who research their decision are far more likely to make a good choice.Today we will cover the main components Parts A & B, Part C, and Part D. Medicare.gov is the place to start learning about the plans. I suggest you also visit the Medicare Advantage plan website to get more specifics about plans you may be interested in.
I feel the information we will discuss today will help you beter understand the biggest decision you'll make this year.
Medicare is the federal health insurance program for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease (permanent kidney failure requiring dialysis or a transplant, sometimes called ESRD)
Medicare is a social insurance program that serves more than 44 million enrollees (as of 2008). The program costs about $432 billion, or 3.2% of GDP, in 2007. Medicaid is a social welfare (or social protection) program that serves about 40 million people (as of 2007) and costs about $330 billion, or 2.4% of GDP, in 2007. Together, Medicare and Medicaid represent 21% of the FY 2007 U.S. federal government.
Advantage vs.Supplement Plans
Perfect Candidates for Each Plan
Penalties for Late Filing
Is There a Cost for Seeing a Specialist?
Coverage for Life Threatening Diseases
State Subsidies Depending on Income
Income Tiers and Tax Planning for 2017
Why is Medicare a ticking time bomb? There are two reasons. First, we have an aging population as Baby Boomers retire. Second, that aging population votes more than the younger generation. Hugh Anderson of High Tower Las Vegas says that’s true but younger folks are seeing what is happening.
But how do we treat older seniors with compassion while at the same time realizing that seniors feel they’re entitled to Medicare even though they have only paid one-third of what the actual cost will be.
THAT’S HUGH ANDERSON OF HIGH TOWER LAS VEGAS, AN INDEPENDENT FINANCIAL PLANNING FIRM. THE COMPANY SITE IS HIGH TOWER ADVISORS DOT-COM.
NEXT SEGMENT MORE WITH HUGH ANDERSON ON THE SOLUTIONS.
Replay of Friday's Show 7/31/2015
Joe Antos-The Wilson H. Taylor Scholar, Medicare, and Medicaid expert from AEI talks about Medicare & Medicaid at 50.
Roshini Rajkumar-Sports Crisis Management and communications consultant discusses Dr. Jennifer Welter-the first female to coach NFL players.
And it's Open Phone Friday, as "Rapid Fire Radio" takes on the topic of Trump as a legitimate candidate-Will he be the next President of the United States? Call 844-EAGLE-USA to make your voice count.
Medicare Ticking Time Bomb Solutions
We’re talking with Hugh Anderson of High Tower Las Vegas – about Medicare being a ticking financial time bomb for the US economy.
Hugh has written about it on his blog on July 31st on www.HighTowerAdvisors.com
So I asked Hugh what are the solutions?
Those solutions have been recommended by the deficit reduction panels – Simpson Bowles and Rivlin Domenici – a few years ago. But politicians from both parties ignored them. How do we get these special interest politicians – which they all are – to listen to real solutions for all of us.
Investing advice is based on personal and individual needs, but I asked Hugh what should people be thinking about at the 30thousand foot level as far as their personal finances.
I GUESS I AM GOING TO SKIP BUYING THAT MONET.
THAT WAS HUGH ANDERSON OF HIGH TOWER LAS VEGAS. THE SITE IS www.HIGHTOWERADVISORS.com
YOU CAN READ HUGH’S BLOG FROM JULY 31ST CALLED OTHER PEOPLE’S MONEY ABOUT MEDICARE AND THE SOLUTIONS.
THANKS FOR LISTENING.
AIred Last Thursday 8/13
Dr David Hogberg -The health care policy analyst for the National Center for Public Policy Research discusses his latest book, "Medicare's Victims:How The U.S. Government's Largest Health Care Program Harms Patients and Impairs Physicians"
Chris Mitchell -The Middle East Bureau Chief for CBN News in Jerusalem reports on Americans joining the Jihad including the story of a pair of star-crossed lovers.
Steve "The Movie Guy" Evans-Reports from Hollywood, CA the movie capital of the world on the latest box office results & coming attractions. MI5 #1 again, and Marvels Fantastic Four a disappointing #2.
Why Medicare Won't Pay For Brain Injury Rehab
Join in as DJ dives into this issue that nobody even thinks about this. But those survivors going through the Medicare system know to well how hard it is to get any rehabilitation services, most get pharmaceuticals to mask symptoms.
Join DJ and his special guests as they discus these issue, what you can do to navigate this complex process and how you can best advocate for yourself.
If you are currently receiving rehabilitation or need to this show is a must
Christopher Westfall is an expert on Medicare, Medicare Advantage and Medicare Supplement insurance and trains agents nationwide. He provides an excellent explanation of these options and talks about the effect the Affordable Health Care Act will have on Medicare.