My latest columns draw thousands of questions and comments in the growing center medical debt Medicare, as well as the social security and health deposit accounts known as HSAs. Below is an edited example of these 6000 plus comments – good and bad!
As always, if you have a personal financial question, cLick me here to throw a note. I will answer and answer a future column.
We are going here. Let’s start with someone who is not very happy with me:
I was disappointed with your article while being well-intentioned. You mentioned that Medigap policies will cover the most or most of the Medicare without much. Also: People you note are likely to suit Medicare Savings Plans that will probably lower beneficiaries. A qualified Medicare is a beneficiary or QMB’s most generous plan and provides all graves and speeches, portion B premium, as well as additional assistance.
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Kerry: Guilty. Permanent Medicare does not come with lids installed on out-of-pocket expenses, so you do not want to access it if there is no additional protection. In the laws that caused medical debt, the KFF includes laboratory fees and daily health services such as diagnostic tests, dental care and tests and tests. And Medicare usually requires patients to pay 20% of the doctor’s documents from their pocket. There can be many retirees.
Let’s talk about Medigap health insurance now. Not everyone has this coverage. These policies are sold by private insurance companies and as noted, such as outstanding speeches, sparks and relationships, or all of them pay and pay for all of them and pay for medical expenses To travel from the United States.
However, Medigap, the right to receive Medigap in most states, is limited to the first time you register for the Medicare part. In most states, your reward will vary depending on the factors, as you age, gender and live.
Medigap Warranty policy is also connected to a preference plan within a year, but if you have been transferred to the traditional Medicare for a year and have been transferred to the traditional Medicare. After that, Medigap plans in most states, if you have a pre-prepared situation as diabetes, may reject you in a straight line. Exceptions are New York, Connecticut, Maine and Massachusetts.
If you have limited income, there is help as I mention, you can be eligible for Medicare’s Additional helpD premises and covering the caps of the caps and covering the drugs. Free one-on-one advice There are state health insurance assistance programs (ship). This Medicare Legal Center Free consumer bed offers: 800-333-4114. You can also contact Medicare directly to 800-633-427.
The GMB you mentioned is a drug program that helps Low-income Medicare beneficiaries Pay for medication costs such as civilians, landing and constipation. After paying the share of Medicare, the second insurance that means payment for Medicare’s valuable sharing.
I am 60 and are super worried about future long-term care costs. What can these add?
Kerry: A factor in the rising health debt for older adults The traditional Medicare and Medicare advantage does not pay long-term care costs in nursing homes and auxiliary facilities. In ailmented living standards, an apartment in 2024 was $ 74,148 worth $ 74,148 worth $ 74,148 per year. Units for Dementia patients can work more than $ 94,000.
About 80% of the 65-year-old, will require long-term care, about 20% for more than three years, Angi Chen, Angi Chen, Angi Chen, a short author from the center for pension research at Boston College,
Can Medicare Part B & D use HSA contributions to pay for the expenditures or (preference, medigap, etc.) for the Medicare part?
Kerry: Yes, Medicare Awards and other qualified medical expenses, including Medicare parts A, B, C (Medicare advantage) and other qualified medical costs paid for other qualified medical expenses (recipe medication) you can set your health saving account. However, the Medicare Appendix (Medigap) is not difficult to use the HSA funds to pay for plan awards.
Learn more: What is a Health Savings Account (HSA)?
My wife and I have retired, live in the 70s and in Mexico. My husband has the HSA where my wife continues to work 15 years ago. Can you use it for medical and similar expenses outside the US? Can we continue to contribute to the existing HSA?
Kerry: Yes, you can use the HSA to pay for medical expenses when you live outside the country during qualified medical expenses on US law. However, if you log in to your account credit card, you can throw 1% -3% operating fee.
As for you to increase your account, you can not contribute more money to an HSA on your age, so far. Contributions, once suitable for Medicare, you usually start from the first of the month you reach 65 years old. A Current bill If the Senate is currently becoming the law, it can be pinned in the compliance.
I plan to retire and live in Canada. If I get about 50k salaries of about 50k in Canada, am I related to the work restrictions for obtaining social security income restrictions?
Kerry: This is one to directly deal with a social security officer. In general, if you live in another country and work, social security revenue restrictions usually remain the same as you work in the United States.
Here’s how it works: The winning test is applied only between 66 and 67 people who have been born between 62 years (the age of age 62).
In addition, while working, social security is allowed to require pension benefits and the benefits are not lost. When you reach the full retirement age to return the captured benefits, you recalculate the monthly benefits of social security. In general, if the path of earnings tests is 62 years old and will pay $ 1 per $ 2 for each $ 2 dollar, and the management will receive a full retirement age and $ 23,400.
In 2025, the annual liberation amount for people who hit the full retirement age is $ 62,160. This higher freedom is the amount of money before the month you hit your retirement age.
The good news is that the benefit test is fully retired.
But nothing is simple here. Have another Method called external work testing. In this way, your income can get the current benefit. If you receive social security benefits and are younger than the age of retirement, SSA, you are not subject to more than 45 hours from the United States and do not submit social security taxes. It doesn’t matter how much you have earned or how many hours you work every day. Switch The job affects your benefits (publishing number 05-10069).
I am 69 years old and are at least 72 or 73. My social security revenues (SSI) preferences are the highest part of my earnings, I owe $ 40,000 with a payment plan that will eliminate or most of them. Caveat is that I need to claim the benefits of SSI to support this payment plan. In September 2025, I would like to know that I could apply for social security revenues to ensure an increase of 8% until it reached 70 in September 70. What is my birthday in September or should you wait until October 1?
Kerry: You must apply for the benefit one month before the age of 70 to get a maximum increase in your social security. This will ensure your benefits start the month of your 70s and receive a full 8% increase for each year you take advantage of the full retirement age for each year.
After your application is processed, it usually takes you to get your first social security check at least one month or 30 days. In some cases, there may be 45 days. The exact time of check delivery is reliant on processing times in the Social Security Department.
Read more: When will I receive my social security checkout?
In April in April, during the latest operations in SSA, the field offices from the agency official “this year is fighting to continue to be on time this year,” he said. The fact that they are aware of these are a good thing and if they act, SSA will be monitored when you apply to your favor.
In general, I advise you to apply for up to four months before starting benefit.
Kerry Hannon is a high corneler in Yahoo Finance. Career and Retirement Strategy and the author of the 14th of the next 14 books “Retired bites: Gen X Guide to ensure your financial future,” “Over the course of 50: How to succeed in the new business world “ and “never age to be rich.” Follow him Bluesky.
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