Fraud Alert – Medicare or Medicaid

Medicare Medicaid Card Sample

Know anyone on Medicare or Medicaid? POTENTIAL FRAUD ALERTS! New Cards being sent. More details here below:

On April 1, 2018 the Centers for Medicare and Medicaid Services (CMS) began a yearlong project to replace all current Medicare cards. The replacement cards are being automatically mailed to beneficiary’s home addresses and will replace the social security number with a new alphanumeric Medicare Beneficiary Identifier (MBI). Contact the Social Security office at 1-800-772-1213 if you need to correct your home address.

We have already received reports that scammers have called some Medicare recipients claiming they need to collect a fee before a new card will be sent. Protect yourself by learning about the program and refusing to give out any personal information over the phone if someone calls you. There is no charge for the new card.

Every new MBI will be eleven characters long and contain letters in specific positions and numbers in other positions in order to quickly identify fake or counterfeit cards. Please note that the letters S, L, O, I, B or Z will never be used. If you receive a card with any of these letters you should contact Medicare immediately at 1-800-633-4227.

More information about the new cards can be found here:
https://www.cms.gov/medicare/new-medicare-card/nmc-home.html
https://www.medicare.gov/…/12002-New-Medicare-Card-flyer.pdf
https://youtu.be/DusRmgzQnLY

Happy Thanksgiving!

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Holt Pros wishes you and your family a very Happy Thanksgiving!

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Get Ready to Save $$$

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Learn how to get financial peace while saving money at Dave Ramsey’s 50% off sale.

Visit the website for more information at daveramsey.com

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How to Plan Your Social Security Benefits

social.securityPlanning is important for financial success. Understanding how to properly plan for claiming your Social Security Benefits can be critical in its affect on your lifetime income. The Consumer Financial Protection Bureau has an interactive benefit calculator available to assist you. You can explore your options for claiming your Social Security Benefits and it can help you make a decision of when to claim your benefits.

Interactive Social Security Retirement Benefit Calculator

 

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9 – 11 We Remember!

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Tax Tips – Is It Tax Deductible? – Volunteer Services

Tax TipsLearn tax tips so you will be informed and can save money on taxes!

Question – Are volunteering services Tax Deductible?

Example – You are volunteering your services as a carpenter to a non-profit community home-builder. Nice tax deduction, right?

Answer – True or False?

 

The answer is FALSE.

There is no deduction for the value of your time or labor donated to a charity. (Think about it: If you were paid for your labor, you’d have to add that amount to your taxable income. If you then turned around and donated the cash back to the charity, you would earn a charitable deduction to offset the tax bill on the income. The no pay/no deduction rule leaves you in the same position.)Gifts to Charity Donation Tax ReturnBut you can deduct the cost of any materials you donate and 14 cents per mile for using your car in connection with your charitable work.

 

 

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