• Skip to main content
  • Skip to footer
  • Facebook
  • Google Business
  • Email

Insurance For Over 65

Serving Georgia, Alabama, and Florida

  • Home
  • About
    • Monthly Newsletter
  • Blog
  • Testimonials
  • Our FAQ Section
    • Medicare FAQ
    • What You Should Know About Medicare and HSA’s
    • 2024 Medicare Costs
    • How Do You Change Medicare Plans?
    • Life Insurance FAQs
  • Contact

Uncategorized

April 21, 2023 By Greg Nicholaides

The Best Treatment for Depression? It Could be Exercise.

For people struggling with depression, the findings show you don’t have to run marathons or otherwise train strenuously to benefit.

By Gretchen Reynolds

March 15, 2023

Exercise as a treatment for severe depression is at least as effective as standard drugs or psychotherapy and by some measures better, according to the largest study to date of exercise as “medicine” for depression.

The study pooled data from 41 studies involving 2,265 people with depression and showed that almost any type of exercise substantially reduces depression symptoms, although some forms of exercise seemed more beneficial than others.

“We found large, significant results,” said Andreas Heissel, an exercise scientist at the University of Potsdam in Germany, who led the study. For people struggling with depression, he said, the findings show you don’t have to run marathons or otherwise train strenuously to benefit. “Something is better than nothing,” Heissel said. The effects were robust enough that the study’s authors hope the finding will spur a move to make exercise a standard, prescribed therapy for depression.

That approach would represent a notable shift. The American Psychological Association’s clinical practice guidelines, updated in 2019, recommend seven types of psychotherapy and several antidepressants for the treatment of depression, but they do not mention exercise. The World Health Organization promotes exercise for mental health as an add-on to traditional treatments — not on its own. But the study’s authors are confident. “We expect this review to lead to updated guidelines and recommendations for exercise as a first-line treatment option,” Heissel said.

Some depression experts are hesitant. “I think that exercise should be prescribed for everyone with depression,” said Murray B. Stein, a professor and vice chair for clinical research in the department of psychiatry at the University of California at San Diego who was not involved in the study. “I still feel the evidence is weak, though, that exercise be considered a first-line treatment for depression.”

The research behind exercise and depression

Scientists and clinicians have known for some time that exercise protects us against developing depression. In large-scale epidemiological studies, active men and women become depressed at much lower rates than sedentary people, even if they exercise for only a few minutes a day or a few days a week.

But it’s trickier to test exercise as a treatment for existing depression. You have to study it like any medicine, by recruiting people with the condition and randomly assigning them to the intervention — in this case, exercise — or a control group and scrupulously tracking what happens.

Because these experiments tend to be complicated and expensive, past studies using exercise against depression have been small, typically involving only a few dozen people, making it difficult to draw firm conclusions about whether and how well exercise treats depression.

In the study published in February in the British Journal of Sports Medicine, a global group of researchers pulled together every recent experiment using physical activity as depression therapy. They wound up with data from 41 studies about 2,265 volunteers, representing the largest sample yet on this topic.

The studies’ exercise programs included walking, running and weight training. Some consisted of group classes, others solo workouts, some supervised, some not. But all featured people with depression getting up and moving more.

Exercise of any kind treats depression

Pooled, the effects were potent. Overall, people with depression who exercised in any way improved their symptoms by almost five points, using one widely recognized diagnostic scale, and by about 6.5 points using another. For both scales, an improvement of three points or more is considered clinically meaningful, the study’s authors write.

In practical terms, these numbers suggest that, for every two people with depression who start to exercise, one of them should experience “a large-magnitude reduction in depressive symptoms,” Heissel said.

Those statistics represent “somewhat better” outcomes than those seen in recent studies of psychotherapy and drug treatment for depression, said Felipe Schuch, a professor researching exercise and mental health at the University of Santa Maria in Brazil and senior author of the study.

In general, the effects were best if people exercised moderately, such as by walking, although more vigorous workouts, including running, cycling and weight training, were almost as effective, and even light activities such as gardening eased symptoms.

Overall, the study “shows that exercise is a further, effective, stand-alone treatment option” for depression, Heissel said.

The study did not look at how exercise might be improving mental health. In past research with depressed mice, as well as with people, exercise raised levels in the brain and bloodstreams of various biochemicals known to be involved in mood enhancement. It also often elevated people’s self-efficacy, which is the sense that you are capable of more than you once believed, a change typically associated with better mental health.

But the precise mechanisms by which bodily movements alter brain functions to improve moods remain unclear, as do the differences in people’s responses. In every study the researchers included, some people’s depression lifted, while others’ symptoms remained stubbornly unchanged. (Similar disparities are seen in almost all studies of psychotherapy and drug treatments, too.)

What is the right dose of exercise?

“To formulate exercise as a prescription for medicine, we still need more research to understand the optimal type, frequency and amount of exercise for different people,” said Karmel Choi, a clinical psychologist and assistant professor at the Center for Precision Psychiatry at Harvard Medical School and Massachusetts General Hospital. She has studied exercise and depression but was not involved in the new review.

“Depression is not one size fits all,” she said, “so treatment should always be tailored to the individual.”

Murray Stein of UCSD agrees. “Exercise has so many health benefits that it should be prescribed for virtually anything that ails humankind,” he said.

But he remains unconvinced that it should be a primary treatment for depression. “I would prescribe exercise as an adjunct” approach for patients with moderate to severe depression, he said, with psychotherapy or an antidepressant as the main therapy.

Certainly, more research is needed. “We do not know enough about dose, intensity and type of exercise,” Heissel said, or whether early improvements related to activity last. Future studies should dive into these questions and compare exercise head-to-head against psychotherapy and antidepressants, he said. Perhaps most important, researchers and clinicians need to recognize how daunting exercise can be for someone who is depressed.

“Many people struggle to become active,” Heissel said. “So the first step is trying to understand what is the exercise that is more likely to be accepted and to generate enjoyment.”

If you or someone you care about feels depressed, Heissel said, talk with a doctor about exercise, either as a first therapy or in addition to other treatments. Experiment with different activities until you settle on one you enjoy. “The best exercise is the one that is actually done,” Heissel said, “and that means exercise that is rewarding or pleasant.”

Filed Under: Uncategorized

March 17, 2023 By Greg Nicholaides

CVS, Walmart and Walgreens to Reduce Pharmacy Hours as Staffing Challenges Persist

By Megan Cerullo – MoneyWatch – Jan 30, 2023

CVS and Walmart are reducing their pharmacy operating hours across the U.S. to improve employees’ work-life balance as the chains continue to struggle with staffing shortages in the wake of the COVID-19 pandemic.

CVS said it will be “adjusting hours in select stores” come spring, as part of a periodic review of “operating hours to make sure we’re open during peak customer demand.” The move will affect around two-thirds of the company’s approximately 9,000 retail pharmacies beginning in March, a company spokesperson said in a statement to CBS MoneyWatch. 

CVS, which is the largest pharmacy chain in the U.S. by revenue, said it’s making the schedule changes in order to “ensure our pharmacy teams are available to serve patients when they’re most needed,” a CVS spokesperson said. “If a pharmacy is closed, a patient can visit any open CVS Pharmacy location for assistance with their immediate prescription needs,” the spokesperson added.

Walmart reduces hours, raises pay

Walmart also said it’s cutting hours at its pharmacy locations nationwide to improve “work-life balance” for its associates. 

Walmart pharmacies will be open from 9 a.m. to 7 p.m. Monday through Friday. Previously they were open until 9 p.m. on weekdays. 

“Walmart is committed to helping our associates live better. Walmart has a strong and incredible pharmacy team, and we are making this change to not only enhance their work-life balance but also to maintain the best level of service for our customers,” Walmart said in a statement to CBS MoneyWatch. 

Walmart said it’s making the schedule change based on feedback from pharmacy staff and customers. 

“By positioning our teams in the hours when our customers say they want to visit our pharmacy, we are better able to deliver excellent customer service and support our associates as they continue to serve their communities every day,” Walmart said. 

Last June, Walmart announced higher wages for more than 36,000 pharmacy technicians, raising their average hourly pay to more than $20.

Prior to the pandemic, pharmacists and pharmacy technicians outnumbered opportunities for employment, according to Michael Hogue, dean of the Loma Linda University School of Pharmacy. 

As the COVID-19 vaccines first began to be rolled out in 2021, regional and national pharmacy chains were clamoring for qualified workers to support the massive public health campaign. Job opportunities for pharmacy students soared.

Walgreens hires more pharmacists, raises pay

A spokesperson for the Walgreens pharmacy chain, the second largest in the U.S., also said it has had to adjust pharmacy hours over the past 12-plus months due to staffing challenges. 

Walgreens added that it has hired thousands of pharmacists as well as increased pharmacy workers’ pay to address ongoing staffing issues. It said the efforts are working and the issues are subsiding. 

“We have seen positive staffing trends for the past several months as we work to return more stores to normal operating hours,” Walgreens said. 

Pharmacies aggressively hired pharmacists and pharmacy technicians starting in February 2021, when COVID-19 vaccines were first made available to the general public, to accelerate efforts to inoculate as many people as possible. Pharmacist job postings surged and drugstore chains offered hefty signing bonuses of up to $20,000.

Filed Under: Uncategorized

March 17, 2023 By Greg Nicholaides

Americans Lost Record-Breaking $8.8 Billion to Scams in 2022

The cost of investment schemes, impostor scams and other fraud is skyrocketing

By Christina Ianzito, AARP

February 28, 2023

Consumers reported losing almost $8.8 billion to scams and fraud in 2022, up 30 percent over 2021’s losses, according to newly released numbers from the Federal Trade Commission (FTC). The rising cost of these crimes is staggering, considering that in 2020 Americans lost only $3.5 billion to fraud, including identity theft.

It’s “overwhelming,” said Attorney General Merrick B. Garland, 70, during a Feb. 9 interview with AARP at the Department of Justice (DOJ) about what the federal government is doing to fight fraud — which is often aimed at older adults. He said that while the DOJ is dedicated to the effort, it’s challenged by the fact that these crimes are “innovative and constantly changing.” 

And while the number of scam reports last year was actually down — to 2.4 million, from 2.9 million in 2021 — individual victims lost far more than ever before: In 2022, the median loss from fraud was $650, up from $500 in 2021. Some scams proved much more lucrative for criminals than others, according to these new numbers, which are based on reports submitted to the FTC’s Consumer Sentinel Network directly by consumers, or through law enforcement and other organizations. 

The most costly fraud

The highest losses were incurred through investment scams — a total of more than $3.8 billion, double the amount lost to such schemes in 2021, with a staggeringly high median loss of $7,144 per victim.

Impostor scams (sometimes called impersonator scams) also exacted a high toll on their victims, who reported $2.6 billion in losses last year (a median loss of $995 per person). These extremely common scams take many different forms but essentially involve a criminal posing as someone you’d trust in order to steal your money. They often will pretend to be a representative from a government agency who’s contacting you regarding Social Security, Medicare or your taxes; or a family member (as in the grandparent scam); celebrity; debt collector; or utility company representative.

Median Fraud Loss By Age, 2022

Of the 2.4 million scam reports submitted last year, impostor scams were most common, followed by online shopping scams; scams involving prizes, sweepstakes and lotteries; investment scams; and business and job opportunity scams (the “Fraudulent Five,” as the FTC puts it).

While a smaller percentage of older people report being victims of scams than younger people, they tend to lose far more money to these crimes: A median amount of more than $1,000 for victims 70 and older, compared with about $550 for those in their 20s.

These numbers, unfortunately, may only reveal a fraction of actual losses to fraud, which is notoriously underreported because victims may feel ashamed or doubt that authorities can help them. But reporting scams is crucial, experts say, allowing law enforcement to target its efforts and helping to reveal the full scope of the problem. (See below for information on where to report these crimes.)

Other report highlights

  • There were over 1.1 million reports of identity theft last year; about 442,000 were related to credit card fraud. 
  • Individual victims within the military community (veterans, military members and their spouses) of all ages also continue to report losing more money than their civilian counterparts, with a median loss of $765 in 2022, compared with $650 among the general population.
  • Texts were the most common contact method criminals used for scams (22 percent), followed by phone calls (20 percent) and emails (19 percent).
  • There were almost 40,000 reports of romance scams in 2022, with a total loss of $546 million.
  • Among those who reported losing money to a scam, the biggest losses were through bank transfers ($1.5 billion) and cryptocurrency ($1.4 billion).

Where to report fraud

If you spot or have been victim of a scam, report it to the Federal Trade Commission (FTC) at reportfraud.ftc.gov and the Federal Bureau of Investigation’s Internet Crime Complaint Center at IC3.gov. The more information they have, the better they can identify patterns, link cases and ultimately catch the criminals.   

The AARP Fraud Watch Network Helpline, 877-908-3360, is free resource; call to speak with trained fraud specialists who provide support and guidance on what to do next and how to avoid scams in the future. The AARP Fraud Watch Network also offers online group support sessions.

Filed Under: Uncategorized

March 17, 2023 By Greg Nicholaides

WHAT IS A GOOD MONTHLY RETIREMENT INCOME?

The question of when to exit the working force has only become more complex over time. In addition to the COVID-19 pandemic draining the pockets of hopeful retirees, the resulting economic downturn and inflation have also made retirement seem unattainable to many Americans. For financial advisors with senior clients, it’s easy (and understandable) to share this concern; helping clients retire in 2022 is far more complex than punching a few numbers into a retirement calculator. However, it’s still very possible to set up hopeful retirees for a comfortable retirement – if you know all the options out there and have a measurable idea of what “comfortable” looks like on paper.

HOW MUCH MONTHLY INCOME DOES THE AVERAGE RETIREE HAVE?

Let’s look at some statistics to establish a baseline for what a solid retirement looks like:

  • Average monthly retirement income in 2021 for retirees 65 and older was about $4,000 a month, or $48,000 a year; this is a slight decrease from 2020, when it was about $49,000. In general, monthly income ranges somewhere between $2,000 and $6,000 a month.
  • The average pension amount per month is a little under $1,000, or $10,788 a year, according to Annuity. Certain types of pensions, such as those through the government or military, tend to be slightly higher.
  • According to the U.S Census, the average retirement income for married couples was around $100,000 a year in 2020; the median income was notably lower – about $73,000.
  • SoFi reported that Americans between ages 55 and 64 spend about $56,000 a year; this amount dips down at age 65, then dips again at age 75.
  • As a general rule, retirees should make about 80% of their pre-retirement income to maintain the same lifestyle after they stop working.

While these are helpful starting points, keep in mind these averages are affected by high-end outliers, and that every hopeful retiree will want something different out of their retirement. Some people may want to keep their lifestyle the same, but others may want more – or even less – in their future. With that in mind, let’s look further into what that number can actually look like, and more importantly, where it’s going to come from.

WHAT IS A REASONABLE AMOUNT OF MONEY TO RETIRE WITH?

If we use the average monthly income per retiree ($4,000) and average range of monthly income ($2,000-$6,000) as targets, the next step is to plan where that money will come from and how many sources there will be. It’s easy to become wrapped up in a specific dollar amount for retirement. While this figure is helpful, what retirees are seeking with this number is a benchmark of financial security. True financial stability comes not just from monthly income, but a solid savings plan and an emergency fund for unexpected expenses.

Below are just a few examples of sources for post-retirement income:

  • Social Security – This is typically a central and reliable source of steady income for retirees. However, it should not be expected to cover all monthly expenses, and other sources should provide savings and emergency funds.
  • Retirement Savings – tax-advantaged accounts like a 401(k) or IRA are always great options, especially because accounts like 401(k)s oftentimes will have their amounts matched by employers. They can provide a solid baseline income, all while providing tax breaks.
  • Pensions – these can be received as a lump sum or in steady payments, which offer different benefits depending on the retiree’s financial situation. It’s worth noting, however, that pensions are becoming less common employer offerings.
  • Annuities – like pensions, these provide a variety of income flows, from quicker payouts (immediate annuities) to steadier ones (deferred annuities).
  • Life Settlements – most Americans have a life insurance policy, but selling them for a life settlement can be a great way to create additional cash flow or even supplement a retiree’s savings. It can also bring down expenses by eliminating a costly life insurance premium, all the while increasing a retiree’s financial stability.

Each of these options can work together to provide a solid retirement plan, and while it is certainly not necessary to have all of them, using multiples of them in concert will help provide a layered, secure plan.

Filed Under: Uncategorized

February 15, 2023 By Greg Nicholaides

Beware of a Growing Medicare Scam: “Free Genetic Testing”

By Rebecca Kinney, Acting Director, Office of Healthcare Information and Counseling, Administration for Community Living

Over the past few years, DNA tests have become popular across the country. Unfortunately, unscrupulous people are taking advantage of the buzz around these tests to scam Medicare beneficiaries.

Scammers will often target Medicare beneficiaries through telemarketing calls, booths at public events, health fairs, and door-to-door visits. They offer “free” genetic testing to help recipients avoid diseases or find the right medications.

The scammers claim that the testing is covered by Medicare, and therefore is free to the beneficiary. In reality, Medicare only covers genetic testing in limited situations, and only when ordered by the beneficiary’s physician. If a company bills Medicare for genetic testing, and Medicare denies the claim, the beneficiary could be responsible for the entire cost of the test – which often totals around $10,000.

In other cases, the scammers are simply trying to obtain Medicare numbers they can use to steal a beneficiary’s medical identity or to fraudulently bill Medicare for services they did not provide. Such fraud hurts not just Medicare beneficiaries, but all American taxpayers whose contributions keep Medicare strong.

The Administration for Community Living (ACL) offers this advice to avoid being scammed:

  • Do not accept genetic testing services, including a cheek swab, from someone at a community event, a local fair, a farmer’s market, a parking lot, or any other large event.
  • Always be cautious about giving out your personal information, including your Medicare number.
  • If you receive a genetic testing kit in the mail, don’t accept it unless it was ordered by your physician. Refuse the delivery or return it to the sender and keep a record of the sender’s name and the date you returned the items.
  • Always review your Medicare Summary Notice or Explanation of Benefits. The words “gene analysis” or “molecular pathology” may indicate questionable genetic testing.

If you received a cheek swab or a screening that was not ordered by a trusted provider or have any concerns about billing errors or possible fraud, contact your local Senior Medicare Patrol (SMP). The SMP program, funded by the U.S. Administration for Community Living, helps Medicare beneficiaries protect themselves from Medicare fraud, errors, and abuse and detect and report them when they occur. To find your local SMP visit: https://www.smpresource.org/ or call 1-877-808-2468.

More resources:

  • Department of Justice announcement September 27, 2019: Federal Law Enforcement Action Involving Fraudulent Genetic Testing Results in Charges Against 35 Individuals Responsible for Over $2.1 Billion in Losses in One of the Largest Health Care Fraud Schemes Ever Charged
  • HHS Office of the Inspector General Media Materials: Nationwide Genetic Testing Fraud
  • HHS Office of the Inspector General Fraud Alert: Genetic Testing Scam

Filed Under: Uncategorized

  • « Go to Previous Page
  • Page 1
  • Interim pages omitted …
  • Page 10
  • Page 11
  • Page 12
  • Page 13
  • Page 14
  • Interim pages omitted …
  • Page 35
  • Go to Next Page »
  • Facebook
  • Google Business
  • Email

Copyright © 2025 | Insurance For Over 65