Tag: donut hole
Older Americans who want to be smart about retirement finances are curious about the intricacies of Social Security. The blog that drew the most traffic from our readers last year – “The Bridge to a Larger Social Security Check” – suggested a strategy for getting more out of the program: delay signing up for Social Security…
Medicare’s donut hole is the bane of existence for retirees with expensive medications. They will get substantial relief in 2025, when the Inflation Reduction Act, signed by President Biden last week, will cap all retirees’ annual drug copayments at $2,000. Monthly drug plan premiums are not included in this cap. The cap will effectively eliminat…