A “silver tsunami” of baby boomers is expected to enter retirement, prompting big decisions with regard to Medicare coverage and Social Security…
Reaching that age milestone will prompt big Medicare and Social Security decisions.Two of the most important choices retirees face — which Medicare health insurance coverage option to choose and when to claim Social Security benefits — come with deadlines.Mark Cuban says everyone has the potential to be ‘world-class great' at one thing—here's how to identify yours
That coverage may come in the form of"original" Medicare — through Parts A and B, for hospital and medical insurance, as well as optional additional coverage through Part D drug coverage or medigap private insurance plans. In comparison, inflation is up 2.8% annually, based on the latest read of the Federal Reserve's key inflation gauge, the personal consumption expenditures price index.
New enrollees who opt for Medicare Advantage may later want to switch to original Medicare. But it may be difficult getting medigap coverage, depending on the state you're in and your health status, said Sharon Carson, retirement insights strategist at J.P. Morgan Asset Management. Moreover, while retirees may opt for Medicare Advantage for the additional coverage those plans may provide, many people don't actually use benefits such as dental, vision, fitness or over-the-counter medication coverage,
Beneficiaries who delay even longer — up to age 70 — stand to receive a benefit increase of 8% per year for every year they delay claiming past full retirement age.Middle-class Americans want to know how the wealthy make money
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
As Americans reach ‘peak 65,' here's what to know when planning for Medicare, Social SecurityA “silver tsunami” of baby boomers is expected to enter retirement, prompting big decisions with regard to Medicare coverage and Social Security…
Read more »
Patients, Advocates Push Biden to 'Reclaim Medicare' From Privatized Medicare AdvantageJake Johnson is a senior editor and staff writer for Common Dreams.
Read more »
CMS Finalizes Payment Updates for 2025 Medicare Advantage and Medicare Part D ProgramsFinalized policies will continue to ensure the strength and stability of Medicare Advantage and Medicare Part D programs
Read more »
No, Donald Trump, migrants aren’t ‘killing’ Social Security and MedicareIn reality, undocumented workers pay taxes for benefits they will probably never receive.
Read more »
Editorial: Looming battle over Social Security and Medicare needs reasoned debateThe political jockeying over the future of Social Security and Medicare is back again.
Read more »
House GOP undermines Trump with call for cuts to Social Security and MedicareThis isn’t just touching the third rail of American politics. It’s throwing your arms around it while soaking wet.
Read more »