In retirement the single biggest expense for the majority of people will be the costs of health coverage and, unfortunately, the 2025 Retiree Health Care Cost is now higher than ever. A 65-year-old couple, both non-smokers, both retiring in 2025 and planning to live until age 85 for the female and 83 for the male […]
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No matter what you’ve been told, Medicare’s Income-Related Monthly Adjusted Amount (IRMAA) is more than just a minor surcharge for retirees. IRMAA happens to represent a progressive tax on income that will significantly impact your retirement budget and bottom line later in life Granted, many in the financial industry, like your financial advisor and CPA,
The Centers of Medicare Services (CMS) is reporting that 2025 IRMAA and Medicare Costs will fall in line with the projections of the Board of Trustees. This is extremely good news as health insurers will have the correct pricing for coverage during the Annual Enrollment Period which will help many retirees. That bad new, however
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