Insurers cut Medicare Advantage plans in Oregon, leaving thousands to find new coverage – OregonLive
Thousands of Oregon seniors will lose health insurance after some Medicare Advantage insurers cut services in response to rising costs. Moda Health and Summit Health end Medicare Advantage Oregon's Regence Blue Cross Blue Shield, Aetna and Pacific Sauce also plan to remove some Advantage plans from their menus next year. In total, more than 12,000 […]
Medicare Guide 2025: Why enrollees should bring extra scrutiny to bear this open enrollment season – OregonLive
Jay Neal read the Annual Notice of Changes to Medicare Advantage Plans with mixed emotions. His plans became more expensive and had fewer benefits. Residents of Klamath County, Oregon, saw their monthly premiums increase from $20 to $35. This is a 75% increase. His dental allowance is reduced from $1,000 to $200 every six months, […]
Liz Weston: Social Security survivor benefits can start at age 60. But what happens if you remarry? – OregonLive
Dear Liz: My wife has been married for 15 years and is now 58, and I am 62. She is a military widow and was married to her previous husband for 17 years until his death. Since she married me, I don’t think she is eligible to receive a pension based on her deceased spouse’s […]
Liz Weston: Getting older may be reason enough reason to cancel unused credit cards – OregonLive
Dear Liz: Someone recently asked you if closing a credit card was worth the hassle, and you replied that there was no strong reason to do so, and that it could actually have a negative impact on your credit score. As a senior, there are two legitimate reasons: theft and fraud. Many people of a […]
Oregon’s lottery winner is a billionaire before taxes; how much will they have after? – OregonLive
Oregon Lottery Winner Receives Prize $1.326 billion on Saturday night After purchasing tickets in Northeast Portland. But before that amount is paid, the government will receive its due. These taxes are high no matter what dividends the unidentified winners receive. The federal government treats lottery winnings as income. The Oregon Lottery will withhold at least […]
Liz Weston: Check Social Security rules carefully before lower earner starts taking benefits – OregonLive
Dear Liz: I’m 64 years old and still working and making a decent salary. Her wife retired at age 61. I have lived most of my life as a high earner while she worked and supported her family. I have no intention of retiring anytime soon. Is it a good idea for her to start […]
Nike stock plummets 12% in steep one-day drop – OregonLive
Nike stock plummeted 12% on Friday after the company announced sluggish sales and plans to cut costs by $2 billion over the next three years. The company expects sales to rise about 1% for the fiscal year ending May 31, lower than the mid-single digits it previously expected. Shares were down 12.9% in midday trading. […]
Liz Weston: Confusion about retirement fund minimum distributions can cause expensive mistakes – OregonLive
Dear Liz: When my wife reached age 59.5, we began making required minimum distributions to all of her retirement accounts. In the process, an investment company representative stated that as long as she was still working and contributing to her 401(k) and 403(b) at work, she did not need to take RMDs on those accounts. […]
$5.5 million settlement: Oregon ends investigation of Medicaid dental clinics, a tax credit broker and Wells – OregonLive
Companies that promised to use state tax credits to expand Medicaid dental clinics in Oregon's largely rural areas will jointly pay the state $5.5 million to resolve a Justice Department investigation. The state's review of two of Advantage Dental's subsidiaries, financial services companies Enhanced Community Development and Wells Fargo, is based on business expenses listed […]
Why Medicare Advantage plans are popular with customers, but not hospitals and doctors – OregonLive
Georgia hospital system. his two medical groups in San Diego; Another in Louisville, Kentucky, and nearly a third of Nebraska’s hospitals. Across the country, health care providers are offering some Medicare Advantage plans even as coverage provided by private insurers increasingly replaces traditional government programs for the elderly and disabled. refuses to accept. As of […]
