The Medicare Board of Trustees Report for 2022 has recently been published and the news for the most part is pretty good, though there is some bad news too. The Good News: Inflation rates, though they are still high, are not projected to be as high as previous years. Premiums going into 2023 should remain […]
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2022 Healthcare Costs in Retirement When it comes to health insurance in retirement there is only Medicare. The cost of Medicare, like every expense, is inflating at an incredible pace. Next year, 2022, will see seniors paying the highest amount ever for their Medicare coverage. The costs of Original Medicare in 2022: Coverage 2022 Monthly
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2022 Medicare Costs are official and it looks like inflation may be a factor
Costs have increased by over 9%
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The big question often asked by roughly 65 million people enrolled into Medicare on an annual basis tends often than not to be: “Are Medicare premiums going up?” The answer, unfortunately, is yes and will be yes for quite some too. Believe it or not, unlike most expense in your life Medicare premiums and their
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Planning for Medicare Now and in the Future. There is one thing that the majority of retirees have in common, and it is Medicare. Anyone who receives Social Security benefits are required by law to enroll in Medicare. That fact, for the foreseeable future, will not change. What has changed and will continue to change
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How the IRMAA Surcharge is Calculated The Income Related Monthly Adjustment Amount (IRMAA) is, simply, a surcharge on top of the current year’s Medicare Part B and Part D premium for those who earn too much income while in retirement. The brackets that determine how much of a surcharge is to be added are as
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