Medicare

Benefits are not capped at a predetermined level. They are based on two variables: a client’s highest earnings over 35 years and their age when they file for benefits.

Benefits are not capped at a predetermined level. They are based on two variables: a client’s highest earnings over 35 years and their age when they file for benefits.

A proposed 22.3% increase in Medicare Part B premiums, if approved, will automatically be deducted from retirees' monthly checks.

A proposed 22.3% increase in Medicare Part B premiums, if approved, will automatically be deducted from retirees' monthly checks.

Retirees over 65 will no longer be able to contribute to health savings accounts once they file for benefits.

Retirees over 65 will no longer be able to contribute to health savings accounts once they file for benefits.

A premium surcharge will be imposed on top earners who pay up to $4,090 in combined surcharges for Medicare Parts B and D above the base yearly premium.

A premium surcharge will be imposed on top earners who pay up to $4,090 in combined surcharges for Medicare Parts B and D above the base yearly premium.

Although the open enrollment comes in less than two months, seniors are advised to start preparing as soon as they can to save on premiums, co-payments and prescription drugs.

Although the open enrollment comes in less than two months, seniors are advised to start preparing as soon as they can to save on premiums, co-payments and prescription drugs.