Considering a Reverse Mortgage - 10 Things You Should Know PDF Print E-mail
Written by Dana Cutter   

Reverse MortgageSince your home is probably your largest single investment, it's smart to know more about reverse mortgages, and decide if it is right for you. The Department of Housing and Urban Development (HUD) insurers these loans through its Federal Housing Administration (FHA).  Medicare Sherpa compiled our "10 things you should know about reverse mortgages" from the FHA. This simple formula may put thousands in your pocket today -

More Valuable the Home + the Older You Are + the Lower the Interest = the More You Can Borrow

 
Free Cell Phones for Low Income-eligible Customers PDF Print E-mail
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Written by Dana Cutter   
Friday, 17 July 2009 13:28

free cell phoneSafeLink Wireless Lifeline Service is a new government supported free cell phone service for Massachusetts residents with limited incomes. People who are getting TAFDC, EAEDC, SSI, SNAP food stamps, MassHealth/Medicaid, or LIHEAP fuel assistance are income eligible. The goal of the program is to make cell phone service available to everyone, regardless of income or credit rating.

SafeLink provides a free cell phone plus 80 minutes per month per household. There are no contracts and no monthly fees. TracFone Wireless, a large U.S. prepaid cell phone company, provides the SafeLink service.

 

 
Welcome to Medicare Sherpa PDF Print E-mail
Written by Dana Cutter   
Sunday, 12 July 2009 18:36

ms_State_House_2.jpgWelcome to Medicare Sherpa! Our site serves as a guide to your retirement and our editors scour the Internet daily to find experts, articles and content to help retirees weigh the total impact of their healthcare, financial and personal decisions. We will help you measure the effect of your actions and help you balance both the mental and physical weight of those choices. We want to encourage each of you share your personal experiences and tell us about the actions you took prior to retirement and how your current experiences are shaping your dreams and goals for a meaningful retirement. Together we will work with each of you to ensure this site serves as a guide through that experience.

 
Are You Paying too Much for Your Health Insurance? PDF Print E-mail
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Written by Dana Cutter   
Friday, 10 July 2009 13:35

Know Your Out-of-Pocket Cost

The following is an “insiders’ view to selecting the right Medical and Prescription coverage for your retirement. There are a lot of “hidden” costs that make it difficult for retirees to understand the true cost of health insurance. Over the last 10 years health insurance companies have created new ways to push more of the cost of health care onto the consumer.  In addition to Monthly Premiums, most insurers now require copayments, deductibles and coinsurances. Prescription Drug copayments alone may represent nearly 60-80% of your annual costs. Getting through the

"Smoke and Mirrors"

is often the most difficult first step towards calculating the true cost of your health insurance.

 
Top 5 Reasons More Older Americans will face Bankruptcy in 2010 PDF Print E-mail
Written by Dana Cutter   
Friday, 03 July 2009 14:57

A “perfect storm” of changes in Medicare and Social Security is coming and the signs couldn’t be clearer – starting on October 1, 2009 millions of Older Americans are going to be asked to pay more for their Medicare benefits while getting less from Social Security.

 

 
Baystate Doctors Waited Longest for MassHealth funds PDF Print E-mail
Written by Dana Cutter   
Sunday, 07 June 2009 11:24

ms_Lenny.jpgBlue Cross and Blue Shield of Massachusetts took an average of 22.8 days to pay physicians who submitted claims last year, the fastest rate among Massachusetts health insurers, the rankings show. Tufts Health Plan, meanwhile, denied 4.9 percent of its claims, the smallest share among the five large payers billed by Bay State medical providers.

 

 
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