You might have seen news headlines stating that the Medicare system is facing challenges, with predictions of the trust fund for Part A running out of money by 2031.
While you aren’t faced with many major changes for 2024, tax shifts are on the horizon for 2026 as the Tax Cuts and Jobs Act (TCJA) is set to expire. Don’t let these low tax years pass you by without intentional tax planning.
If you’re enrolling in Medicare this year or are looking to switch plans, make note that the open enrollment period for 2023 runs from October 15 to December 7. Further, it’s vital to understand the various parts and plans associated with Medicare.
You may be eagerly awaiting the ability to go on Medicare upon turning age 65; however, as part of your Medicare plan research, it’s important to understand what won’t be covered under traditional Medicare.
If you have yet to retire, or simply want to elevate the retirement life you’re already living, oftentimes, your best source of advice is from fellow retirees.
Navigating the complex world of Medicare can feel daunting, but taking the time to choose the best plan for you is crucial.
This is the primary reason our team speaks to the families we meet with about the importance of long-term care. In addition to being costly without a plan in place, it also does not fall under your Medicare benefits.
As the December 7 deadline for Medicare open enrollment quickly approaches, here is a detail to be aware of: Zero-premium Medicare Advantage plans still come with a price tag.
If you’re still employed but eligible to enroll for Medicare, weighing the costs and options of your company healthcare insurance versus Medicare plans available is crucial.
Medicare doesn’t need to be complicated; especially if you know the facts!
In addition to a higher COLA for Social Security benefits this year, you can also expect a hike in certain Medicare costs.
When it comes to healthcare expenses in retirement, there are those you can somewhat-accurately factor into your budget (such as insurance premiums), and those that are unexpected (such as a medical emergencies or illness).