Family Tree Financial

11/04/2024

If mind is not made up yet check the chart. Are you better off now than you were 4 years ago.

12/12/2023

🚨🔒 Important Alert: Scam cases are on the rise!

According to a recent report, losses due to scams amounted to $545 million in just the first half of 2021.

Noteworthy points:
🔹 Scammers are using sophisticated tactics, including romance and investment scams.
🔹 A significant increase in "grandparents scams" has been observed, highlighting the vulnerability of our elderly population.
🔹 Banks are escalating efforts to educate customers about these scams and how to avoid them.

Remember, it's vital to verify any requests for money transfers or personal information. Let's stay vigilant and protect ourselves from these fraudulent activities! 💪🔒



Source:()

Last year, consumers lost $8.8 billion to scammers, and the Federal Trade Commission says older adults lost the most money compared to other age groups.

10/31/2023

Please drive responsibly and pay attention to the Trick or Treaters that are crossing the streets.

10/18/2023

024 Medicare Parts A & B Premiums and Deductibles

2024 Medicare Part D Income-Related Monthly Adjustment Amounts

On October 12, 2023, the Centers for Medicare & Medicaid Services (CMS) released the 2024 premiums, deductibles, and coinsurance amounts for the Medicare Part A and Part B programs, and the 2024 Medicare Part D income-related monthly adjustment amounts.

The Medicare Savings Programs (MSPs) help more than 10 million people with coverage of Medicare premiums and, in most cases, other cost sharing. In their continued efforts to improve access to health care and lower costs for millions of Americans, the Department of Health and Human Services (HHS), through CMS, recently finalized a rule to streamline enrollment in MSPs, making coverage more affordable for an estimated 860,000 people. In addition, the Part D low‑income subsidy (LIS) helps pay for the Part D premium and lowers the cost of prescription drugs. Further, the Inflation Reduction Act recently expanded the number of people eligible for full LIS.

Medicare Part B Premium and Deductible

Medicare Part B covers physicians’ services, outpatient hospital services, certain home health services, durable medical equipment, and certain other medical and health services not covered by Medicare Part A.

Each year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. The standard monthly premium for Medicare Part B enrollees will be $174.70 for 2024, an increase of $9.80 from $164.90 in 2023. The annual deductible for all Medicare Part B beneficiaries will be $240 in 2024, an increase of $14 from the annual deductible of $226 in 2023.

The increase in the 2024 Part B standard premium and deductible is mainly due to projected increases in health care spending and, to a lesser degree, the remedy for the 340B-acquired drug payment policy for the 2018-2022 period under the Hospital Outpatient Prospective Payment System.

Beginning in 2023, individuals whose full Medicare coverage ended 36 months after a kidney transplant and who do not have certain other types of insurance coverage can elect to continue Part B coverage of immunosuppressive drugs by paying a premium. For 2024, the standard immunosuppressive drug premium is $103.00.

Medicare Part B Income-Related Monthly Adjustment Amounts

Since 2007, a beneficiary’s Part B monthly premium has been based on his or her income. These income-related monthly adjustment amounts affect roughly 8 percent of people with Medicare Part B.
Visit Medicare.gov to see a full list of the cost and table for different income levels.

It’s Open Enrollment - now to Dec 7 Find Plans Welcome to Medicare Get Started with Medicare Get Started Log in or create an account Access your information anytime, anywhere Log in/Create Account Find health & drug plans Find & compare plans in your area Find Plans Now Find care providers Compare...

05/03/2023

If you’re a business owner... have you taken the step to protect your ideas, or are you in a place where someone could swoop in and steal them? Business owners, comment what space you’re in and if your intellectual property is protected! http://alrt.mx/028EQ

05/02/2023

If you have a good idea and want to capitalize on it, how do you protect that idea and ensure no one will steal it? That’s what this podcast episode’s guest Joe Miotke, is here to tell you. If you’re a business owner, this episode is a must! http://alrt.mx/028EQ

05/01/2023

Tag an entrepreneur in your life to make sure they get this free resource – it could make all the difference for them and their business! http://alrt.mx/028EQ

04/28/2023

Starting a business is hard enough, so why should setting up a benefit plan be hard too? They don’t have to be! Tune into this episode to hear more. http://alrt.mx/Gx8O2

04/27/2023

Do you work at a company without benefits? Consider listening to this podcast that lays out upcoming law changes that might make it easier for your employer to set up a benefit plan and share it with them too! http://alrt.mx/Gx8O2

04/26/2023

This podcast episode is about law changes that can benefit small businesses, but those same benefits can apply to the employees too! http://alrt.mx/Gx8O2

04/25/2023

Jayne Fitzgerald, Director of Government Relations, is back after last week’s episode to continue the deep dive into these law changes – now focusing on businesses! http://alrt.mx/Gx8O2