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FINANCE SIG

General Information


The purpose of this group is to increase our personal financial literacy. The knowledge of members about financial topics varies from beginner to more experienced. Our topics will be selected based on what individual members are interested in. We meet on the third Tuesday of the month at 6:30 PM via Zoom. New members are welcome. Come and give it a try. 
If you are interested in participating or want to be on our contact list, 1) add yourself to the contact group or 2) Contact Cyndy Nelson using the Member DirectoryIf you are not a member, please contact us.

Event Information

On November 18, 14 women got together on zoom to talk about Medicare - a very timely topic. We focused on the 2026 changes which are especially significant if you had a Ucare Advantage plan since they are no longer offering these plans. There are also changes to coverage and costs of Part D drug plans and may be changes to services and providers in advantage plans. We also discussed the 2023 changes in MN law that were originally set to allow people to easily change in and out of Supplemental plans without underwriting, but have been very scaled back in their implementation later in 2026. The open enrollment period ends on December 7.

Once again, we affirmed that women in our group have been generally happy with the plan they have selected whether it is an advantage or a supplemental plan.

We spent a short time discussing that much of Medicare is actually paid from the federal general fund (think tax revenue) and not through payroll deductions or premiums. This is especially concerning as we look at the national debt and ongoing deficit spending.

Thanks to Pat G for sharing her experience with her planner of over 10 years.

Our timely December topic is Year End Financial Actions. In our new segment, Elisa will be sharing her experience with her financial planner. We will meet via zoom on Tuesday, December 16, 6:30-8:00 PM.

All are welcome to join us on zoom. Join the group or contact Cyndy using the info above.