If you’re approaching retirement age, you may be considering a move to a more retirement-friendly state, particularly if your current state of residence imposes numerous taxes on social security, pensions, and other retirement income. While making the decision to relocate is not something that can be done lightly, there are a variety of options available nationwide that may allow you to retain more of your retirement income.
The Centers for Medicare & Medicaid Services (CMS) are removing the Social Security Number (SSN)-based Health Insurance Claim Number (HICN) from Medicare ID cards to help prevent fraud and fight identity theft. Instead of being based on a beneficiary's Social Security number, each Medicare number will be an individually generated combination of letters and numbers. As a result, every existing Medicare beneficiary will get an updated Medicare Card that lists their new Medicare number.
What you need to know