Silvur

We're excited to announce the launch of Silvur Insurance, a new subsidiary of Silvur that offers free Medicare guidance and enrollment services to members of participating credit unions. Retirement healthcare in America is complicated and costly. While Silvur offers Medicare calculators and education as part of our Retirement Simplified platform, the introduction of Silvur Insurance allows us to now also provide credit union members with personalized, expert Medicare assistance—at no cost to the member. The first credit union to offer Silvur Insurance's services to its members is a long-time Silvur partner and a leader in member-first financial wellness, MSU Federal Credit Union. We're thrilled to extend our relationship with MSUFCU and provide this valuable service to its members. Learn more --> https://lnkd.in/e5JkMeVi April Clobes Sara Dolan Ami Iceman Haueter Benjamin Maxim

For our LA credit union friends (or if you have family or friends in the LA area impacted by the fires) there are a few emergency (retirement) programs that have been enacted since LA was classified as a FEMA disaster zone. Whether it’s access to critical Medicare equipment and prescriptions, emergency access to your 401k or delayed tax filing, these programs hopefully offer a bit of relief during this tragic time. 🙏 #1 Medicare: CMS (US Center for Medicare and Medicaid Services) makes available special enrollment periods for eligible individuals to enroll in coverage through the Federal Health Insurance Exchange (e.g. ACA market). This gives people impacted by the LA fires the opportunity to enroll in coverage if they miss their original special enrollment period. They also provide emergency access to medical equipment. Healthcare Ready RX Hub (https://lnkd.in/efDtYNPf) has been updated providing details on open pharmacies. #2 IRS: The IRS typically announces delays for tax payments for both individuals and businesses. This has not been announced yet but we expect an announcement over the coming days. #3 401k special access: Once a FEMA disaster zone is announced the IRS typically announces that relief may be available to affected taxpayers who participate in a retirement plan or IRA. For example, a taxpayer may be eligible to take a special disaster distribution that would not be subject to the additional 10% early distribution tax and allows the taxpayer to spread the income over three years. Taxpayers may also be eligible to make a hardship withdrawal. Each plan or IRA has specific rules and guidance for their participants to follow. learn more here ---> https://lnkd.in/ergyBUw7

Our Silvur CEO Rhian Horgan shares her thoughts on the historic signing today of the Social Security Fairness Act. If your credit union members are teachers, police officers, firefighters or public servants check out our 2 page primer on the act and learn how you can capture this new (lifetime) direct deposit.

Breaking news! The Senate announced the passage of the Social Security Fairness Act. This act eliminates the WEP and GPO provisions, which had reduced Social Security benefits for 3 million Americans who are teachers, firefighters, police officers or public servants. The bill is expected to be signed by President Biden before year end. The elimination in the GPO means that retirees applying for spousal benefits are eligible for on average $250k+ in lifetime benefits (eg the avg 401k balance for 60 yr olds...) If your credit union members are teachers, firefighters, police officers or public servants this is HUGE news. We know it's a busy time of year so if you need help sharing this news with members we’re here to help. DM me on linked in or email partnerships@silvur.com and I’ll send you a member facing blog & social post to help you guide your members. 99% of members retire. The biggest decision the average member will make is navigating social security and medicare. Silvur is here to help. Learn more here --> https://lnkd.in/e8TxrNDd...

Silvur is excited to be partnering with the lab* at Filene Research Institute to increase the number of credit union number preparing for retirement. Why does this matter? At the recent Filene Research Institute Big Bright Minds conference CEO Mark Meyer summed it up brilliantly when he said "For 90% of Americans the largest retirement asset they have is Social Security... which is also a deposit opportunity for the credit union." In 2025 we expect to see major changes to Social Security: long term solvency and service model re-engineering are top of mind for the incoming administration. Silvur will be guiding members through what could be the biggest generational changes in retirement policy that impacts EVERY member's retirement. Learn more about Silvur ---> www.silvur.com

Our Silvur CEO Rhian Horgan spoke to Mike Lawson at Filene Research Institute bbm24 about the recent election and what it means for retirement policy. Sneak peak: expect lots of changes to Social Security and Medicare. Watch to learn more about what we can expect to see in 2025 and 2026 from the new administration.

Our Silvur CEO Rhian Horgan shares some timely tips for your family ahead of Thanksgiving. The short story: make sure loved ones have checked their prescription drugs are covered by their Medicare plans. We've seen significant changes this year and the plan that worked for them in 2024 may not provide the same coverage in 2025. There is also a new payment program allowing for 'covered' prescription drug costs to be spread out through the full calendar year. Medicare's annual enrollment season ends Dec 7th.

Our CEO Rhian Horgan is headed to San Diego this morning for our first Filene Research Institute Research Institute Big Bright Minds Conference. We’re excited that Silvur is one of the companies that is part of the lab* at Filene’s Year Theee Tests! We are so grateful to Mark Meyer and the team for embracing our mission: Retirement Security for All. You should ask Rhian Horgan what the recent election means for members over 50. Sneak peak: The recent election results mean big changes underway for Social Security and Medicare the next two years. For members this will have a huge impact on their retirement security. It’s likely that members under 60 will see Social Security benefits reduced (via a changed full retirement date) and higher healthcare costs as Medicare is privatized further. The average American’s social security benefits are just under $2,000/ month. This adds up to $500k+ over retirement. This is your members largest source of retirement income (and a 25 year direct deposit). Members need support now. We’re here to help.

What an epic time we all had at the Silvur Pickle Baller Invitational. Whether it was your first time or you consider yourself semi-pro, players put their heart and soul into the tournament. We're excited to announce our first round of winners (don't worry, more to come!).... 🏆🏆🏆🏆🏆🏆🏆 The (returning) 2024 Silvur Pickle Baller Invitational Champions: Michael Perrin and Rowan M. Hume The Most Athletic Credit Union: Dan Sutton and Tom Thole of KEMBA Financial Credit Union Best First Timers: Kevan Williamson and Thomas Cargile of Georgia's Own Credit Union Most in Need of Coaching: Michael Irwin of UFCU 🏆🏆🏆🏆🏆🏆🏆

Medicare has announced the new Part A& B premiums along with the IRMAA surcharges for Part B&D. Part B premiums are increasing $10.30/ month to $185/ month. This is a +5.8% increasing, outpacing the increase in retirees retirement income (the 2025 SSA COLA increase was 2.5%). Its no surprised that healthcare inflation remains one of the top concerns of Americans in retirement. The IRMAA surcharges for Part B &D were also announced. While Medicare surcharges only impact approx 8% of the population, even those who are not high income earners can find themselves subject to these surcharges when they sell a home or receive an inheritance. Curious what else has changed for 2025 Medicare enrollment? Learn more here --> https://lnkd.in/e-E_ZC9z