Tag Archives: Money

It Ain’t Gettin’ Any Easier!

Caregivers, Humor, Medicare, , , , , , , , , ,

Pretty much every day, I am alarmed by little stories I find by scanning information about Elder issues.

My new friend Joanne Giardini-Russell, a true Medicare Guru, wrote an article this week about one of her clients who continued to go to work up to age 71. That, in itself, wasn’t a big surprise to me. If 60 is the new 40, working to age 70 or older,  is bound to happen more and more. Many of us actually like working.  Sure, many must keep working, and that is another article, for sure. But many people do work well into their 70’s and even 80’s. And those same hard-working people are often horrified about seemingly innocuous decisions they made (or didn’t make, by omission) and how they have placed themselves or their spouse into true fear of imminent destitution. Because of runaway health care costs.

You see, this guy’s venial sin was working too long and not retiring…..his mortal sin was not getting good information about how this affected his health insurance….more specifically Medicare. Suffice it to say that Joanne is trying to help this couple who have blown through more than $30,000…YES, THAT IS THIRTY THOUSAND DOLLARS…. of their own money, even though he had group insurance at work.

I don’t know this unfortunate couple’s story. But my guess is, they were not educated at work, they did not know how to use Medicare to their advantage at age 65, they did not take advantage of all the options at work for short-term disability and long-term disability, even if it required a contribution, and so on.

Those of us in this field are trying hard to get everyone to see the advantage of advanced planning instead of crisis planning. We are trying to work with your Financial Advisors,  your HR people at work, and quite frankly, anyone else who will listen, including you.

Find us. Ask us to come to your work and speak. Ask us questions on the internet machine!

Buy our books, yeah I said it. But let me ask you a question, if anyone could have saved thirty dollars, three thousand dollars, or thirty thousand dollars, by buying a book for fifteen dollars, would that be worth it? Yes, my friends, I think it would. #WhoMovedMyTeeth?

 

There is tons of good information out there. But you must find the experts, read things, ask questions and take action. Now is the time if you are a Baby Boomer, now is the time if your parents are in their 50’s and 60’s.

Oh, and to you Millennials and Gen-Xers….it’s never too late!

 

“You Just Have to…… Get Your Sh%$#@# Together…..and then you can Laugh all the way to the bank!”

Joanne doesn’t even know I’m telling you about her….so she will see this when you do.  If If you have any inkling that you want to discuss what you should do about signing up for Medicare:

Check out my friend Joanne at :

Boomer Health Group

Joanne Giardini-Russell, Medicare Guru

http://www.boomerhealthgroup.com/

 

 

Be Like Peg…….

Caregivers, Humor, Medicare, , , , ,

I recently got a phone call to return to great group of women and speak again. But this call went a bit differently than most conversations:

Mrs. K: Hi, Cathy! We were so happy to have you speak last year, but I think you need to return.

Me: Well, I would love to, is there anything particular you’d like me to talk about?

Mrs. K: Yes. I want you to give them the ‘SCARY TALK.”

Now, this is a group of mature women, church ladies, in fact, so I was pretty sure she didn’t mean she wanted me to give the sex talk. On the other hand, there are quite a few widows in this group…so maybe, they wanted a refresher course?  Maybe they didn’t remember my expertise?

Me:  So, Mrs. K., do you mean the SCARY TALK that I mentioned in passing about how healthcare costs and nursing home costs can truly make you destitute? Or……something else ( I wanted to make sure we were on the same page, my youthful good looks may have intrigued her to think something else.)

Mrs. K:  Absolutely. It’s time these women realized that there is terrifying information out there that they need to have. It’s time they got truly prepared.

 

What is going to happen to my money?!?

Me: I couldn’t agree more, but you need to let them know this is the SCARY TALK. No more “fun-and-games-Cathy.”  This will have to be the “I’m-not-even-kidding-Cathy.”

Mrs. K: Yes, you’ve warned me, I will warn them, and there is no time like the present.

So I went back and gave them the “SCARY TALK,” which, in my defense,  at my last talk while they were laughing and laughing at my granny panties (you have to come to a talk to see that one) I did suggest that they should have me back to give them the blood-curdling news.

They survived. It was a bit ugly.  But I actually got a thank you note for the shocking and intimidating information about the nursing home and healthcare crisis that may befall everyone in that room.

I’m on a mission now, not waiting until Halloween to give the SCARY TALK, it just may save people from horrendous consequences.

If you want the SCARY TALK…..let me know…..I’ve got it down pat.

“You Just Have to Laugh…..and get informed, and get prepared, and then you can Laugh Again!”  And then you’ll be like Peg!

Meet Beautiful Peg..She’s 106, nothing scares her!

©2018Cathy Sikorski

 

Just checking………

Uncategorized, , , , , , ,

As my life changes now from caregiver to Executor, trust me. the frustrations and the sense of humor still need to be in place.

I spent two hours yesterday calling all the places that send money to my brother-in-law to thank them, but notify them that he has passed away.

I called two pension plans, one health insurance company, one drug insurance company, and one health insurance reimbursement company. Five phone calls shouldn’t take that long. However, there is no “press 9” if your loved one has passed away. By the time I was transferred to each appropriate department and repeated my story over and over again, I started to feel the ghost of caregiver frustration rearing her ugly head.

Truthfully, most customer service people were quite kind and sympathetic.

But there’s always one, isn’t there?

The health insurance reimbursement company was set up by my brother-in-law’s former employer to reimburse each individual for their health insurance premium as a temporary benefit when the employer no longer wanted to be in the health insurance business. This started last year when I had to wade through 64 health plans to pick the best one and then send in a cancelled check to have reimbursement sent directly to my brother-in-law’s checking account. I am certain that I had to fax my Power of Attorney documents to this company so that I could conduct this business while my brother-in-law was in the hospital.

The second person I am transferred to deems herself helpful in this way:

“I can’t find your Power of Attorney document in my system.”

“That’s okay,” I replied, “because I’m just calling to let you know that my brother-in-law passed away.”

“Well,” she said tartly, “I think you have to call back and speak to customer service about that.”

“Okay,” I said slowly and a bit confused, “but will they take care of this then?”

“Well, I don’t know!” she sputtered, “but your Power of Attorney isn’t any good for dead people.”

Oh my God, did she really say that? Actually, I say that all the time in my lectures where I’m teaching about what you need to do get your affairs in order, but still….really?

“I know,” I told her, “because I’m also the executor.”

“Huh,” she mumbled, “Well, I don’t see any executor papers here in the file.”

“I know that too, he just passed away a week ago,” I said slowly and patiently, or so I thought. ” I just wanted to inform you so that you stop putting money in his checking account.”

“Well, we can’t just do that. Did you call his former employer?”

“Why, yes I did, with no difficulty.”

What she's really doing while talking to me.
What she’s really doing while talking to me.

“Well then,” she said with exasperation, ” they will take care of it.”

“So I DON’T have to call customer service?” I inquired.

“The employer will take care of it,” she said.

“Look, I just want you to note that so you don’t keep putting money into his account. Is that possible?”

“No.”

I didn’t tell her I was closing those accounts. I’m just smiling knowing those checks would be swimming around in the direct deposit atmosphere for who knows how long.

And I did not call customer service.

’cause well………….in these times,

“You Just have to Laugh…………”

©2015 Cathy Sikorski