Many retirees are surprised to learn that Medicare premiums are not the same for everyone. Higher-income beneficiaries pay an additional surcharge known as the Income-Related Monthly Adjustment Amount (IRMAA). Since IRMAA can meaningfully increase healthcare costs in retirement, understanding how it works can potentially help retirees make more informed planning decisions. What Is IRMAA? IRMAA … Continued
In the beloved 1956 musical My Fair Lady, Alfred Doolittle, the father of Eliza Doolittle, has one last spree before his own wedding. The familiar tune “Get Me to the Church on Time” is a plea to his friends not to let his merriment get in the way of his good intentions! Few things are … Continued
One of the biggest challenges facing retirees is the rising cost of healthcare and how they’ll pay for it. Medicare, the country’s health insurance plan for Americans age 65 and older, helps to make health care affordable; however, the enrollment process and decisions of when and how to file can be complicated and stressful. If … Continued