Today’s top story: Why don’t we know if people are getting COVID on airplanes? Also in the news: changes to electronic vehicle tax credits, will interest rates continue to rise, and the stupidest fees you should never pay. Why Don’t We Know If People Are Getting COVID on Planes? With all the energy devoted to […]
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Monday’s need-to-know money news
Today’s top story: What Medicare Part A’s belly-up date means for you. In other news: A new episode of the Smart Money podcast on investing for your dream life, what the Inflation Reduction Act means for your Medicare coverage, and what small businesses should do now to prep for a recession. What Medicare Part A’s […]
Q&A: Medicare Part A
Dear Liz: You recently answered a question from someone who was delaying signing up for Medicare because he had health insurance through his job. You mentioned that if the employer had 20 or more employees, he didn’t have to sign up until that employment ended. That’s correct, but there’s typically no cost for Medicare Part […]
Q&A: Switching back to original Medicare
Dear Liz: I’m 75 and I’ve been on an Advantage plan since I started on Medicare at 65. I’m interested in switching to original Medicare with a supplemental policy. I know I will have to enroll in a drug policy also. Will I be subject to any penalties for late enrollment for any of the […]
Q&A: Social Security and divorce
Dear Liz: I was married for 25 years. Most of the time, I was a full-time housewife and worked part time here and there. Social Security keeps telling me that I can’t collect on my ex’s Social Security until he dies. He is 74 and I am 72. I started collecting at 62 and don’t […]
Q&A: How your health insurance costs could rise because of a Roth IRA conversion
Dear Liz: With the recent stock market correction, I am considering doing a Roth conversion on an existing IRA now that it is worth less. I can handle the accompanying income tax hit. But while I see plenty of ink spilled on how a Roth conversion can increase Medicare premiums, what about Affordable Care Act […]