From late penalties to premium reimbursements, here’s what every retired fed should understand about enrolling in Medicare ...

Medicare Trustees' Report: The Medicare Trustees annual report provides projections for Medicare program costs. For 2026, ...

The standard Medicare Part B monthly premium could nearly double over the next nine years, according to the annual report from the program’s trustees, reaching $347.50 by 2034 – up from $185 this year ...

Intravenous azithromycin Medicare Part B will cover a person who needs an IV infusion of azithromycin. This is because Part B covers drugs that a person cannot administer themselves.

You can deduct the amount if you do pay a Part A premium and aren’t getting Social Security benefits. Part B premiums: Part B premiums are tax-deductible if you meet the income rules.

Medicare requires Part D plans to cover at least two drugs in the most commonly prescribed categories. For example, one category may include medications for blood pressure, while another may ...

Once you’ve met your Part B deductible for the year, Medicare will pay for 80% of the cost of your home oxygen rental equipment. Home oxygen equipment is considered durable medical equipment (DME).

Members of Congress reintroduced the Medicare Economic Security Solutions Act in Washington, D.C., proposing sweeping reforms to Medicare Part B late enrollment penalties. The legislation would ...

The issue has gained attention from lawmakers in recent years trying to cut Medicare costs, with the Republican-controlled House passing legislation in 2023 to require Medicare Part B payments for ...

In 2024, approximately 4.9 million Part B and 4.2 million Part D beneficiaries faced these surcharges. IRMAA is based on your Modified Adjusted Gross Income (MAGI) from two years prior.

Any portion of such income that is taxable factors into the MAGI formula used to determine Medicare premium. So do withdrawals from 401 (k), 403 (b), and governmental 457 (b) plans if they are ...

This process can get complicated, especially if your request is denied and you decide to appeal. So, the Allworth Advice is ...