Planning for healthcare expenses is an important part of maintaining your financial stability. While you can do much of this planning before your retirement years, you’ll need to continue to stay abreast of significant changes. Each year, Medicare costs are adjusted, and understanding these updates can help you make informed
Earlier this month, the Centers for Medicare and Medicaid Services (CMS) released updates for the 2024 Medicare premiums, deductible, and cost-sharing amounts for Part A and Part B. They also released updated amounts for IRMAA, the Income-Related Monthly Adjustment Amount, which applies to individuals with high incomes. 2024 Medicare
In the intricate landscape of retirement planning, one factor often looms large and unexpectedly: medical expenses. Our healthcare needs inevitably increase as we age, often leading to unexpected costs that can significantly affect our financial stability. Yet, how often do we incorporate medical expenses and retirement planning into the same
The first question we get asked by new clients is, “How much does Medicare cost?” Or similar questions like, “Is Medicare free? What are the Medicare premiums in 2023?” These are all common questions about the cost of Medicare, and we understand why they’re at the forefront of our clients’
Methotrexate is a medication commonly prescribed for various medical conditions, including rheumatoid arthritis, psoriasis, and certain types of cancer. This versatile drug is available in different forms, such as oral tablets and injections. While oral methotrexate is typically the first choice for many patients, some may require injections for more
Medicare is available to everyone who meets the eligibility requirements, regardless of if you’ve worked during your lifetime or not. However, if you have not worked and therefore not paid Social Security taxes, you’ll likely pay much more for Medicare Part A than someone who has. Today, we’ll discuss who
