Search found 650 matches

by mur44
Sun Oct 22, 2017 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Turning 65, and choosing not to take Medicare Part B
Replies: 37
Views: 3621

Re: Turning 65, and choosing not to take Medicare Part B

Bill,

The OP is retiring in 3 months and he plans to
keep his health insurance from his company as
RETIREE Health Insurance (NOT based on CURRENT
employment).

His Retiree Health Insurance may or may not
require him to enroll into Part B.

What I stated in my previous post is correct.

mur44
by mur44
Sun Oct 22, 2017 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Turning 65, and choosing not to take Medicare Part B
Replies: 37
Views: 3621

Re: Turning 65, and choosing not to take Medicare Part B

Enrollment in Medicare is optional, including Parts A and B. As others have stated, if you decide to enroll into Part B later, there is late enrollment penalty. You need to compare benefits and potential costs under Part B and Retiree Health Insurance. Disclosure: I am a Certified Volunteer Medicare...
by mur44
Fri Oct 13, 2017 8:01 am
Forum: Investing - Theory, News & General
Topic: IRMAA, MAGI and ROTH Conversion
Replies: 4
Views: 444

IRMAA, MAGI and ROTH Conversion

I am in the process of converting IRA funds to ROTH over the next several years. For IRMAA purposes, MAGI is sum of AGI and Line 8b (Tax Exempt Interest) of Federal 1040 form. How does one determine if MAGI would be below $170,000 limit when line 8b value is unknown. With IRA to Roth conversion plan...
by mur44
Sun Oct 01, 2017 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Cost Estimate
Replies: 33
Views: 1591

Re: Medicare Cost Estimate

56k per year for Healthcare/Medicare expenses is WRONG. Today, a typical Medicare beneficiary couple spends $10,000 per year for all premiums, deductibles, co-insurance and co-pays. Now, you can adjust the above amount for IRMAA (Income Related Medicare Adjustment Amount) and inflation till you are ...
by mur44
Mon Aug 14, 2017 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Expect to spend $2.6M on healthcare?
Replies: 66
Views: 6973

Re: Expect to spend $2.6M on healthcare?

If one has Medicare, your Our-Of-Pocket (OOP) expenses would be limited. Typically, you would be responsible for 20% of outpatient expenses. A Medicare supplement plan (Medigap) would reduce your OOP expenses, but incur monthly premiums. Three factors to consider: Your health, wealth and amount of r...
by mur44
Mon Jun 12, 2017 6:30 pm
Forum: Personal Consumer Issues
Topic: Anyone With (NJ) Certified Tax Assessor Experience?
Replies: 0
Views: 337

Anyone With (NJ) Certified Tax Assessor Experience?

I am planning to take CTA (Certified Tax Assessor) exam.
But, I do not want to spend several thousand dollars to
take the preparatory CTA course. I want to (self) study the
necessary online/book materials.

Anyone with experience share tidbits as to how to
prepare for the exam?
by mur44
Fri Jun 09, 2017 6:31 pm
Forum: Investing - Theory, News & General
Topic: Mountain America Credit Union 5-Year IRA CD
Replies: 59
Views: 9432

Re: Mountain America Credit Union 5-Year IRA CD

I understand that the current 5 year CD at MACU is 2.5%.
Depositaccounts.com also shows as the top 5-year CD
currently available.

The 2.5% rate may be new currently available.

FWIW
by mur44
Thu Jun 08, 2017 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare users - what type of plan(s) do you use?
Replies: 26
Views: 3025

Re: Medicare users - what type of plan(s) do you use?

One should choose their own Medicare options based on their Health, Wealth and Risk Tolerance factors. We as Certified Volunteer Medicare Counselors developed models to assist our clients in NJ. To obtain unbiased, free counseling, you can access contact information at: https://www.medicare.gov/ (Lo...
by mur44
Mon May 15, 2017 5:02 pm
Forum: Personal Consumer Issues
Topic: Quality decline in off-brand alkaline batteries?
Replies: 28
Views: 2180

Re: Quality decline in off-brand alkaline batteries?

I agree with your assessment. My own experience
is similar to yours.

I buy Duracell and Energizer batteries - I use
AA, AAA, C and D batteries.
by mur44
Sat May 06, 2017 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Lost my job: Calling All Medicare B/GAP Insurance/COBRA Experts
Replies: 15
Views: 2770

Re: LAID OFF! Calling All Medicare B/GAP Insurance/COBRA Experts

The following Medicare form answers your question as to when to enroll into Medicare Part B: https://www.cms.gov/Medicare/CMS-Forms/CMS-Forms/Downloads/CMS-L564E.pdf You have six (6) from the date of enrollment into Medicare Part B to (Guarantee Issue) buy a Medigap plan. To obtain unbiased and free...
by mur44
Fri May 05, 2017 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA & American Health Care Act
Replies: 2
Views: 449

IRMAA & American Health Care Act

Is IRMAA being eliminated as part of the just
passed repeal and replace act known
as American Health Care Act?

Extract from the act:

"Repealing ACA taxes, including the increased Medicare tax; the health insurer tax; and the
medical device tax, among others (effective at the end of 2016)"
by mur44
Sat Apr 29, 2017 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare and Insurance companies
Replies: 7
Views: 1122

Re: Medicare and Insurance companies

Please make sure you understand your options. In general, the rating of insurance company is not important as once Medicare pays, your Medigap must also pay without any intervention on the mart of the Medicare beneficiary. There are very rarely any complaints about Medigap insurers. Premium amount i...
by mur44
Fri Apr 28, 2017 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Grandmother will run out of money after stroke
Replies: 8
Views: 1959

Re: Grandmother will run out of money after stroke

You stated that your grand mother is a Dual (Medicare & Medicaid). Duals receive most all services free or almost free. You should contact your state Board of Social Services to find the exact services covered. Also, an elder care attorney can help you to obtain maximum services. Disclosure: I am a ...
by mur44
Wed Apr 26, 2017 6:25 pm
Forum: Personal Consumer Issues
Topic: Are CCRCs a good deal? [Continuing Care Retirement Community]
Replies: 30
Views: 3460

Re: Are CCRCs a good deal? [Continuing Care Retirement Community]

One note of caution about CCRC's - you need to declare your assets at the beginning and you may not give away your assets (to your heirs) while residing at the CCRC. I think this is a significant clause to watch out. In NYC area, one needs to make a lump sum amount to check into CCRC and make monthl...
by mur44
Thu Apr 20, 2017 6:08 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 44380

Re: Larry Swedroe says "Goodby."

I have read most of Larry Swedroe's books and posts
over the last 12+ years. I benefited greatly from
his posts.

Thank you Larry. Will miss your posts.

mur44
by mur44
Wed Mar 22, 2017 2:36 pm
Forum: Personal Consumer Issues
Topic: 4 Days in Iceland - May 2016
Replies: 44
Views: 5212

Re: 4 Days in Iceland - May 2016

My wife and I are planning 3 or 4 day sightseeing trip to Iceland early in May 2017 from New York. Is it better to rent a car and drive around the places outlined by tic above or take 3 bus tours in 3 different directions? Any tips on vendor choices for air travel, hotel and car rental (or packaged ...
by mur44
Thu Mar 16, 2017 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare and Costs after employer insurance ends
Replies: 28
Views: 2268

Re: Medicare and Costs after employer insurance ends

ORIGINAL Medicare is generally superior to typical employer health insurance in the sense that it is Fee For Service (Traditional) plan. You can go to almost any doctor in the country; most doctors take Medicare. Thus, Medicare provides protection from extreme charges from service providers. If one ...
by mur44
Fri Mar 10, 2017 7:46 pm
Forum: Personal Consumer Issues
Topic: High Cost Prescriptions For Free
Replies: 24
Views: 2839

Re: High Cost Prescriptions For Free

One of the best sources on 'Pharmaceutical Assistance Program'
is http://www.needymeds.org.

Also, Medicare maintains an outstanding resource:
https://www.medicare.gov/pharmaceutical ... e-program/


Disclosure: I am a Certified Volunteer Medicare Counselor from NJ
by mur44
Tue Feb 21, 2017 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Sign-Up Requirements
Replies: 7
Views: 898

Re: Medicare Sign-Up Requirements

It is good idea to enroll in Medicare Part A, even though your husband has health insurance based on current employment. Part A is free (if he/you have 40 quarters of covered employment). It will serve as Secondary to your husband's health insurance. When your husband or you, whoever retires last wi...
by mur44
Fri Feb 17, 2017 8:05 pm
Forum: Personal Consumer Issues
Topic: What constitutes Preventative Care?
Replies: 12
Views: 1266

Re: What constitutes Preventative Care?

Medicare defines Preventive Care as follows:

https://www.medicare.gov/coverage/preve ... vices.html

Medicare does NOT cover Annual Physical either.

Your SPD (Summary Plan Description) should define it.
Ask for your SPD.


Disclosure: I am a Certified Volunteer Medicare Counselor from NJ
by mur44
Tue Jan 31, 2017 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: SSA-1099 for 2016
Replies: 3
Views: 419

SSA-1099 for 2016

As of today, we did NOT receive the SSA-1099 from
Social Security Administration for 2016.

Did any one receive the SSA-1099 for 2016?
by mur44
Wed Jan 25, 2017 7:32 pm
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY 93RD BIRTHDAY, TAYLOR!
Replies: 199
Views: 11214

Re: HAPPY 93RD BIRTHDAY, TAYLOR!

Happy Birthday, Taylor.

Mur44
by mur44
Mon Jan 23, 2017 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: VGD 1099-R Issue
Replies: 3
Views: 376

VGD 1099-R Issue

Just received 2016 Form 1099-R from Vanguard. It has an 'erroneous' entry for box '2a' as follows: Box 1a: $48,000 (Gross Distribution from contributory IRA) Box 2a: $48,000 (Taxable amount) Box 2a amount is wrong because this is a NON-DEDUCTIBLE IRA conversion. It should have been left blank as Van...
by mur44
Sun Dec 25, 2016 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax 2016 purchase source
Replies: 91
Views: 14825

Re: Turbo Tax 2016 purchase source

livesoft,

HR Block did not transfer the Vanguard transactions into
Schedule D worksheet correctly. I had to manually correct
entries in the Schedule, if I remember correctly.

Thanks a lot for all the help that you provide to the forum
members.
by mur44
Sat Dec 24, 2016 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax 2016 purchase source
Replies: 91
Views: 14825

Re: Turbo Tax 2016 purchase source

I am researching as to what Tax software to use for 2016. Last year (2015), I used HR Block, I did have some problems with their Schedule D. Therefore, I am not interested in HR Block. Prior to 2015, I was a Turbotax user (because it was available for free from Vanguard). TurboTax web site is showin...
by mur44
Sun Nov 27, 2016 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare billing question
Replies: 16
Views: 2418

Re: Medicare billing question

You can determine if a specific test is covered at
http://www.medicare.gov by entering the 'test name'
in the search box labelled:
"Is my test, item, or
service covered?"
and clicking GO button.


Disclosure: I am a Certified Volunteer Medicare Counselor from NJ
by mur44
Sat Oct 08, 2016 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare as secondary to employer plan
Replies: 11
Views: 1331

Re: Medicare as secondary to employer plan

While being covered by large Employer Group Health Insurance (EGHI), Your Medicare Part A serves as Secondary coverage. In general, enrollment in Medicare Part B is not required while being covered by EGHI. Compare your coverage from EGHI Summary Plan Description (SPD) with that of Medicare benefits...
by mur44
Wed Oct 05, 2016 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part B Billing
Replies: 12
Views: 1237

Re: Medicare Part B Billing

Medicare handles billing for Premiums as stated
in the following link:

https://www.medicare.gov/your-medicare- ... miums.html



Disclosure: I am a Certified Volunteer Medicare Counselor from NJ
by mur44
Wed Sep 28, 2016 6:27 pm
Forum: Personal Consumer Issues
Topic: Medicare while travelling?
Replies: 11
Views: 1323

Re: Medicare while travelling?

Original Medicare (Parts A and B) does NOT generally cover international care. If you buy a Medigap Supplemental policy, then it covers emergency care for up to $50,000.00. If you are traveling by cruise line, your medical coverage is valid 6 hours from the shore. There are other restrictions as wel...
by mur44
Sat Sep 24, 2016 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Out of Pocket Costs for Employer Self Insured Medical Plans
Replies: 17
Views: 1156

Re: Out of Pocket Costs for Employer Self Insured Medical Plans

You need to compare your current employer plan with an Exchange Plan and determine which one is the best for you. All health insurance plans (including Employer plans) have Annual Enrollment in the 4th quarter of the year. Medicare Annual Enrollment Period is October 15th through December 7th. Pleas...
by mur44
Tue Aug 30, 2016 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: 5 yr CD with 6 month interest withdrawal penalty
Replies: 4
Views: 779

Re: 5 yr CD with 6 month interest withdrawal penalty

Many Bogleheads like following site:

https://www.depositaccounts.com/blog/

Weekly updates are posted for CD's. You may
want to monitor the site for good deals.
by mur44
Tue Aug 23, 2016 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D -Cancer and Catastrophic 5% coin./ copay
Replies: 6
Views: 1116

Re: Medicare Part D -Cancer and Catastrophic 5% coin./ copay

Depending on your annual income, you may qualify for Patient Assistance Program (PAP). The following link will take you to PAP: m Another source for finding if you qualify: m Many states have State Pharmaceutical Assistance Programs (SPAP). Contact your local SHIP (State Health Insurance Assistance ...
by mur44
Tue Aug 16, 2016 6:29 pm
Forum: Personal Consumer Issues
Topic: Medicare Part D
Replies: 17
Views: 1777

Re: Medicare Part D

You can get help in understanding how Part D works by contacting your SHIP (State Health Insurance Assistance Program): m On the right hand side, enter your State and County to contact a Medicare Counselor for free and unbiased assistance. Also, you will be screened for any state specific assistance...
by mur44
Sat Aug 13, 2016 3:14 pm
Forum: Personal Consumer Issues
Topic: Sealing Asphalt Driveway
Replies: 30
Views: 2568

Re: Sealing Asphalt Driveway

In fact, it is better to wait until fall to seal coat.

Also, using airport grade sealant would give you
longer life.

FWIW
by mur44
Sat Aug 13, 2016 2:22 pm
Forum: Personal Consumer Issues
Topic: Blue Cross Legacy Plan C Medigap
Replies: 19
Views: 1239

Re: Blue Cross Legacy Plan C Medigap

Springman, Find out if there are any Medigap insurance companies in Michigan that are CURRENTLY offering medigap plans to new members (without any Guarantee Issue) by calling your local SHIP counselor: m Generally, Medigap insurance companies accept 'downgrading' your plan. Disclosure: I am a Certif...
by mur44
Sun Jul 31, 2016 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: SSA MANDATORY cell phone based multifactor authentication [now RESCINDED]
Replies: 168
Views: 16847

Re: SSA MANDATORY cell phone based multifactor authentication

If my wife and I want to use the new security feature,
do we need to provide two (2) different cell phone numbers
to continue using the social security online service. It is
not clarified in the email from SSA.

Can both of us use just one cell phone number?

Thanks

mur44
by mur44
Sun Jun 26, 2016 8:53 am
Forum: Investing - Theory, News & General
Topic: Intermediate Term CD Strategy After Brexit
Replies: 8
Views: 1391

Intermediate Term CD Strategy After Brexit

It appears that world economy would be in turmoil for the next '5' years due to the huge 'disruption' caused by BREXIT. Fed would be forced to keep interest rates low for the a number of years. For a retiree in early 70's, it seems locking up (now) say '5' year CD is a good strategy. Any comments, i...
by mur44
Thu Jun 09, 2016 6:12 pm
Forum: Investing - Theory, News & General
Topic: What four faces would you put on the Mount Rushmore of Investing
Replies: 49
Views: 5271

Re: What four faces would you put on the Mount Rushmore of Investing

For me, it is Bogle, Swedroe, Larimore and Kevin (kevinoninvesting.com).
I must say, Swedroe's books are the best. I read of his books. I never miss
his articles.
by mur44
Sun May 29, 2016 7:41 pm
Forum: Personal Consumer Issues
Topic: Yoga or Pilates or Something Else?
Replies: 43
Views: 3661

Re: Yoga or Pilates or Something Else?

Yoga and resistance exercise would be your best bets. Yoga is intended for both mental and physical well being. You are not competing with others. You did not provide your age range. If your health permits, you should start. If you are a senior citizen, most libraries offer free chair yoga, which is...
by mur44
Wed May 25, 2016 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: Any reason NOT to change MediGap coverage?
Replies: 10
Views: 1361

Re: Any reason NOT to change MediGap coverage?

When shopping for Medigap policy, one should
go with the cheapest insurance company.

Therefore, it is prudent to minimize your
family cost for the two Medigap plans.


Disclosure: I am a Certified Volunteer Medicare Counselor from NJ
by mur44
Tue May 17, 2016 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Starting Point For Navigating Through Medicare Maze
Replies: 19
Views: 1820

Re: Starting Point For Navigating Through Medicare Maze

For unbiased and free Medicare counseling, you should visit your local SHIP (State Health Insurance Assistance Program): m If your healthcare needs are high, you should consider Medigap plan to cover gaps in Medicare Parts A and B. 'Medicare & You' publication from Medicare is a good start. Disc...
by mur44
Tue May 10, 2016 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: AARP UnitedHealthcare Insurance Company
Replies: 5
Views: 1149

Re: AARP UnitedHealthcare Insurance Company

AARP medigap plans (including F) are community rated. AARP gives discount from age 65 to 75, starting at 30% at age 65 and the discount decreases 3 percentage points each year (at age 66, the discount decreases to 27%). Factor Age is probably mentioned to reflect this discount. I did not hear of any...
by mur44
Tue May 10, 2016 5:02 pm
Forum: Investing - Theory, News & General
Topic: public pension plan unfunded liabilities
Replies: 75
Views: 10372

Re: public pension plan unfunded liabilities

Larry, My wife's New Jersey State pension is around 33% of our annual expenses (before taxes). She worked for County government and it seems County and Local governments made 100% of the required contributions and the officials keep stating that that part of the NJ state pension funds is OK. Is this...
by mur44
Sat May 07, 2016 7:18 pm
Forum: Personal Consumer Issues
Topic: Rebuilding a Deck
Replies: 15
Views: 2213

Re: Rebuilding a Deck

We had our deck built with azek about 5 years ago.
It is really worth the additional cost.

For best price on the azek materials, you should shop
around. Home Depot gave us better price than local
entities.
by mur44
Wed May 04, 2016 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing Medigap Insurance
Replies: 38
Views: 3772

Re: Choosing Medigap Insurance

When selecting an insurance company for a Medigap plan, the rule is to select the cheapest plan, all things being equal. Once Medicare pays, the invoice/bill is automatically (computer to computer) sent to the Medigap insurance company. The Medicare beneficiary is NOT involved in the payment process...
by mur44
Tue Apr 19, 2016 5:16 pm
Forum: Personal Consumer Issues
Topic: comparing Medigap policies to retiree health insurance
Replies: 5
Views: 959

Re: comparing Medigap policies to retiree health insurance

Since Medigap plan 'F' has more subscribers, it is likely (not necessarily) the premiums for plan 'F' can stay lower. However, note that in the year 2020, Plan 'F' is planned to be discontinued. For current plan 'F' subscribers, it is likely to be grand fathered. Benefits and Costs are the two (2) f...
by mur44
Thu Apr 14, 2016 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating Medicare supplement insurance premium
Replies: 4
Views: 477

Re: Estimating Medicare supplement insurance premium

Fifteen (15) years is a very long time as far as
Medicare is concerned, just my humble opinion.

Medicare is not sustainable as it is way underfunded.
You should allocate more funds for health care in the
future.

Disclosure: I am a Certified Volunteer Medicare Counselor from NJ
by mur44
Mon Apr 04, 2016 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare is primary
Replies: 10
Views: 1048

Re: Medicare is primary

When Medicare is primary, it comes with gaps, which you need to pay. Overall Medicare Parts A, B and D cover about 67% of expenses on the average. Factors such as health and wealth help you determine if you need to buy supplemental insurance. For unbiased & free counseling, you should visit your...
by mur44
Sat Mar 26, 2016 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: What does Part A only cover
Replies: 6
Views: 847

Re: What does Part A only cover

(1) If Employer has more than 20 employees, Employer coverage is primary and Medicare is secondary. (2) Medicare Part A pays for in-patient hospitalization. Part A Deductible is $1288.00 for each benefit period. Out-patient hospital stay is covered under Part B. (3) Primary and Secondary payer matte...
by mur44
Thu Mar 24, 2016 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Best Bank for Checking Account, NYC area
Replies: 10
Views: 1358

Re: Best Bank for Checking Account, NYC area

I live in Norther NJ and I keep my checking
account at TD Bank, the most convenient bank
(open 7 days a week).

I had my checking account with TD Bank for
a long time and their customer service is great.


Disclosure: I do NOT own any TD Bank stock.