Budgeting and Financial Planning

Money: Medicare Update

Rodney Brooks
October 25, 2023

It’s coming up on that time again – Medicare re-enrollment. It’s the time to review your health care options and decide if you are going to stick with your current Medicare plan for the next year.

Medicare Basics

But first, it’s time to review what you have.   Medicare open enrollment runs from October 15 to December 7 each year. If you are enrolled in Original Medicare (Parts A and B) or a Medicare Advantage Plan, you will be automatically re-enrolled unless you opt out.

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Authored By Rodney A. Brooks

TRAFOTFBThe author tells the history of the Freedman’s Savings Bank, how it grew much too quickly, why it failed and the impact on Black America. The Freedman’s Bank offered a safe depository for formerly enslaved people, expanded quickly and gained millions in deposits – mostly ranging from $5 to $50. But inexperience and corruption doomed it to failure, costing may of the small depositors their savings.

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“Rodney A. Brooks’ ‘Fixing the Racial Wealth Gap’ is one of the best written and most prescriptive books I’ve read on this prickly subject. Using powerful stats, stories and insightful wisdom, it is written from the heart, mind, body and spirit … plus years of research and thought as a mainstream journalist, Fixing the Racial Wealth Gap is revealing, humorous, instructive and sobering.” – Dr. George C. Fraser

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