medicare
Are the Perils of “Wokeness” Overshadowing Concerns for Social Security?
Good question. A poll of Republican primary voters conducted by Wall Street Journal during the week of April 11-17, 2023 suggests that might be the case, with more than half of the participants suggesting that “Fighting woke ideology in our…
Medicare for You: What You Need to Know Part 2
By Chiquita Brooks-LaSure, Administrator, Centers for Medicare & Medicaid Services Did you know you can save money on Medicare costs this year? The Inflation Reduction Act which President Biden signed into law in August 2022 will help you save money…
Medicare for You: What You Need to Know Part 1
By Chiquita Brooks-LaSure, Administrator, Centers for Medicare & Medicaid Services Your health is important and needs to be protected. If you are 65 or older, or have certain disabilities, or End-Stage Renal Disease, you can get health care coverage through the…
Medicare and Social Security are the two largest federal government programs
Mandatory outlays by the federal government totaled $4.1 trillion in 2022; nearly half was for Social Security and Medicare. However, most people are not aware of the details of these two programs. Romina Boccia and Dominik Lett created a fact…
A call for “common sense” reforms to Social Security
Former vice president Mike Pence, a likely 2024 presidential contender, is advocating for “common sense reforms” to Social Security and Medicare. Speaking to university students, “if we act in this moment with the support of this generation, we can introduce…
Will cutting fraud save Medicare?
In 2022, the total amount spent on Medicare was $982 billion, and Medicaid spending was $864 billion. The federal government has estimated that 7.5 percent of payments on traditional Medicare in 2022 were for “improper or fraudulent payments”; for Medicaid,…
Here are the Medicare basics
More than 10,000 people turn 65 every day in the United States. Knowing your options for health care are more important than ever before. Medicare is the federal health insurance program for people who are 65 or older. Understanding Medicare…
What you need to know about retirement ages in the US
Your age matters when it comes to Social Security benefits. You can start receiving your Social Security retirement benefits as early as age 62; however, you are entitled to full benefits when you reach your full retirement age. If you…
A Clarification of HSA Issues for Those Aging Into Medicare Eligibility
If you are approaching Medicare eligibility and participating in a Health Savings Account, there are some specific regulations you need to be aware of in order to avoid potential penalties and/or fees. A post by CD Moriarty, CFP, a Vermont-based…
Biden Looks to Taxation to Extend Medicare Solvency
The White House, in its budget plan scheduled to be released Thursday, is reported to be proposing an increase and expansion of the tax assessments faced by Americans earning more than $400,000. As reported in a New York Times article…