News
The One Medicare Decision at 65 That Shapes Every Healthcare Bill After
9+ hour, 34+ min ago (504+ words) Medical care costs rose 2.85% year-over-year versus 2.16% general inflation. Healthcare spending grew 6.9% while consumer spending rose 4.6%. Original Medicare has no out-of-pocket maximum. Medicare Advantage plans cap catastrophic costs but impose network and prior authorization restrictions. Personal savings rate fell from 6.2% in…...
Medicare Coverage Changes After Age 65 Can Be Unsettling For Many Retirees
1+ day, 10+ hour ago (464+ words) 54% of Medicare recipients choose Medicare Advantage over original Medicare for extra benefits and capped costs. Part A late enrollment penalty is 10% added to premiums for twice the number of years delayed. There are several types of Medicare: When you first…...
The Hidden Medicare Surcharge That Hits Retirees With Over $109,000 in Income
3+ day, 4+ hour ago (659+ words) Medicare surcharges apply when income exceeds $109,000 (single) or $218,000 (married) based on earnings from two years earlier. IRMAA surcharges can raise Medicare Part B premiums from $202.90 to as high as $689.90 per month. Many seniors who are 65 and over rely on Medicare…...