Uncertainty about paying for long-term care remains problematic among midlife and older adults. Long-term care is expensive. According to Genworth’s Cost of Care surveys, in 2021 the national median monthly cost of a private nursing home room was $9,034, with...
Inflation Reduction Act limits out-of-pocket drug costs, caps insulin copays, makes vaccines free For the first time in Medicare’s history, the amount of money that beneficiaries in drug plans will have to pay for their prescriptions each year will be capped, thanks...
KEY POINTS The standard monthly premium for Medicare Part B will be $5.20 lower next year. The deductible for Part B also will be less than it is for 2022. Medicare officials also have announced the Part A deductible and coinsurance amounts. The 2023 monthly premium...
Over the next few months, you’re probably going to receive a lot of information about Medicare. It’s all meant to help you understand your coverage choices and make informed decisions during the Medicare Annual Enrollment Period (Oct. 15 – Dec. 7). There is one piece...
If you’ve been shopping for Medigap plans, you may have discovered that a couple of them (Plan G and Plan F) cover something called “Part B Excess Charges.” If you’re not sure what excess charges are, you’re not alone. Fortunately, they’re a rather rare occurrence for...
You are eligible for Medicare at age 65, but you may not need to sign up then. The best time to enroll in Medicare depends on whether you or your spouse is still working and you have health insurance from that employer. If you make the wrong decision, you could end up...
