The Qualified Medicare Beneficiary (QMB) Program according to the Centers for Medicare Services (CMS) is a “Medicare Savings Program sponsored by Medicaid”. This program helps helps low-income Medicare beneficiaries cover their Medicare costs and the key is that anyone who qualifies for it will also avoid IRMAA automatically. For those qualifying for the QMB coverage […]
Qualified Medicare Beneficiary (QMB) Program Read More »
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
2025 Retiree Health Care Cost Estimate Read More »
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
2025 IRMAA and Medicare Costs Read More »
