Changes to key figures for Social Security, Medicare in 2023
As retirees and workers gauge their finances for next year, here are some key changes to Social Security and Medicare to consider.
Tag: Medicare
Fall open enrollment offers opportunity to change Medicare plans
Each year, Medicare holds an open enrollment period that allows participants to sign up or make changes to existing coverage.
Three ways the Inflation Reduction Act may impact health care
The Inflation Reduction Act may impact health care costs for Medicare recipients including price reductions on certain medications.
Know the Medicare basics before enrollment
Understanding some of the main elements about Medicare may help seniors as they navigate enrollment.
Health-care costs add uncertainty to retirement planning
Health-care spending increases with age and has become an important consideration when saving for retirement.
Congress approves budget — averts shutdown
Congressional budget approval eliminates market uncertainty about government shutdown.
Help prepare clients for the ACA’s side effects
In addition to health-care reform, the Affordable Care Act (ACA) will have an impact on clients’ investments, as they plan to cover health costs and prepare for the possibility of new tax liabilities. Chris Hennessey reviews the top concerns about the ACA for all types of clients. Surtax may hit high earners The ACA established
Despite federal deficit improvements, tax outlook is still cloudy
Despite a report this week pointing to decreasing federal deficits over the next two years, the longer-term outlook for tax rates grew murkier. After four consecutive years of topping $1 trillion, the U.S. federal deficit fell to $680 billion, or 4.1% of GDP, in 2013, according to the Congressional Budget Office (CBO) Budget and Economic
Partial improvement for social insurance programs
The latest data on the future viability of federal social insurance programs are mixed. While the outlook for Medicare improved slightly in the recently-released Social Security Administration Trustees’ annual report, Social Security’s anticipated insolvency date remained unchanged at 2033. As Social Security and Medicare remain a significant part of retirement planning for most workers, it