seniors
Some potential changes to your new Medicare Advantage plan
Were you one of the over 2.6 million seniors whose Medicare Advantage plan was terminated in 2026? Or are you one of the many seniors -no exact number yet – that switched their Medicare Advantage coverage for other reasons that…
Potential Improvements to Medicare Advantage
Although 2026 has not yet started, the Centers for Medicare & Medicaid Services (CMS) has released the 2027 Medicare Advantage and Part D proposed rule. CMS-4212 P proposes several changes to modernize the Medicare Advantage (MA) program, including significant adjustments…
Are you 65 or older? There is a new tax break for you on your 2025 Tax Return.
Your Social Security Benefits may still be taxable on your 2025 tax return. However, there is a new $6,000 additional standard deduction available to people 65 or older, which was included in the Big Beautiful Bill. You may claim this…
Social Security Changes in 2026
You will see your monthly Social Security payments increase by 2.8% due to the cost-of-living adjustment (COLA). However, you need to factor in that the cost of Medicare Part B has increased to $202.90 for 2026, up from $185 in…
The Secure 2.0 Act Made Changes to RMDs and Roth 401(k)s Withdrawals
The primary goal of the Secure 2.0 Act is to encourage more people to save for retirement. Some of the primary changes were that the mandatory age for RMD withdrawals has increased, penalties for late withdrawals have been reduced, and…
The Hospital Inpatient Services Modernization Act
According to a federal report, 366 hospitals nationwide participated in the Acute Hospital Care at Home program, which allows patients who would otherwise be hospitalized to receive care at home with a combination of healthcare providers and medical technology. During…
Do You Know Your Full Retirement Age for Social Security?
Knowing your full retirement age (FRA) is a very important part of your retirement plan. If you take your Social Security benefits before your FRA, you reduce the amount of your payment for the rest of your life. In an…
More Seniors Are Continuing to Work After Receiving Their Social Security Benefits
As the average life expectancy increases and the cost of living continues to rise, the workforce is aging. According to the article by the Asian Journal Newsroom, research shows that approximately 40% of Seniors are continuing to work after starting…
Lower prices for 15 high-cost drugs
The Centers for Medicare & Medicaid Services (CMS) announced that 15 high-cost drugs used by millions of Medicare beneficiaries will get Medicare price cuts in 2027. Seniors are expected to receive an estimated $685 million in out-of-pocket relief, benefiting the…
Demystifying When to Claim Social Security Retirement Benefits
Claiming Window is 8 Years Long Perched high on our list of Frequently Asked Questions is this: “When should I claim my Social Security retirement benefits?” That’s not surprising, since there is an 8 year window, starting at age 62…