An Introduction

Hi. Welcome to BourGroup and my blog. Phil

Phil Bour is a CERTIFIED FINANCIAL PLANNER(tm) professional since 2004, a Magna Cum Laude college graduate and an accounting professional for over 35+ years. I love numbers, statistics and economic history.

I am also an Enrolled Agent (EA) to represent taxpayers before the Internal Revenue Service and to prepare tax returns.

"Phil"osophy: I believe that you can manage your money on your own (not necessarily through individual stock selection but through mutual funds, ETF's and other solutions) once you receive some one-time, professional guidance. Why pay annual fees when there may be little added value? For additional information, first read the "An Introduction" label at the left. Then move on to others.

Friday, September 15, 2006

Medicare Rates - 2006

Written September 2006:

Maybe you have seen this already, if not, for retirement planning purposes don't forget health insurance:

Medicare Part B premiums are increasing by 13.2 percent. The increase is due to increased use of Part B services. Here are all the new Medicare figures:

Part A deductible: $952 (was $912)
Part B premium: $88.50/month (was $78.20)
Part B deductible: $124 (was $110)
Co-payment for hospital stay days
61-90: $238/day (was $228)
Co-payment for hospital stay days 91 and beyond:
$476/day (was $456)
Skilled nursing facility co-payment, days 21-100:
$119/day (was $114)
Part C premiums are your "medi-gap" insurance policy
premiums, now called Medicare Advantage and vary
Part D premium: $32/month
(begins January 1, 2006) is for drug/prescription coverage

Also, the social security retirement cost of living increases for 2006 will be 4.1% and (not the typical 2-2.5%) and more than cover this $123.60 per year increase in the Part B premium (but, of-course, that does not include the premium increases on your other health insurance policies for the gaps in coverage).
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