- Trump Healthcare Plan: Key Proposals for Coverage and Costs
President Trump’s healthcare policies reflect an effort to reshape U.S. healthcare by restructuring Medicaid, paring back subsidy programs and promoting market reforms to lower costs. Many provisions in the One Big Beautiful Bill Act (OBBBA) aim to transfer more responsibility to states, reverse certain Affordable Care Act (ACA) mandates and introduce new cost controls, especially… read more…
- Medicaid vs. Obamacare: Costs, Benefits and Enrollment
Obamacare, formally known as the Affordable Care Act (ACA), is the federal law that created health insurance marketplaces and expanded protections. Meanwhile, Medicaid is a government-run health insurance program for people with low incomes or certain qualifying conditions. They overlap in a few ways, especially after the ACA’s Medicaid expansion, but each has its own… read more…
- Trump Healthcare Proposal: ACA Enrollment Cuts
President Donald Trump’s healthcare proposal signals a shift away from the Affordable Care Act’s current structure, with a focus on reducing federal subsidies and tightening enrollment eligibility. By scaling back enhanced premium tax credits and shortening open enrollment periods, the plan would likely limit access to ACA marketplace coverage for millions of Americans. Supporters argue… read more…
- Trump Medicaid Changes: Requirements and Coverage
President Trump’s “One Big Beautiful Bill Act,” signed into law on July 4, 2025, reshapes Medicaid through a combination of federal funding cuts, new eligibility rules and a nationwide work requirement. The legislation is projected to reduce Medicaid spending by $1 trillion over the next decade and could result in coverage losses for 10 million… read more…
- Average Cost of Retirement Health Insurance for Ages 62 – 65
If you buy health insurance independently instead of obtaining from an employer or government program, your monthly premiums will increase markedly as you get older. As you approach retirement, in fact, you’ll find yourself paying premiums up to three times what younger insured people pay for plans. An estimate from the Urban Institute, for example,… read more…
- Can You Use an HSA While Enrolled in Medicare?
Health savings accounts (HSAs) provide a tax-advantaged way to pay for medical expenses. But once you enroll in Medicare, contributions must stop. You can still use existing funds in the account. Though, to avoid tax penalties, you should plan to stop contributions at least six months before enrolling in Medicare due to retroactive coverage. Even… read more…
- Are Vitamins Covered By Your HSA?
Health savings accounts (HSAs) can be a good way to save for medical expenses while enjoying several tax advantages. An HSA allows you to set aside pre-tax income to cover qualified health-related costs, but not every expense is eligible. Many people with HSAs wonder if health savings account vitamin and supplement purchases fall under these… read more…
- Can You Use a Health Savings Account (HSA) for Dental?
Health savings accounts (HSAs) offer great tax benefits and flexibility for covering a variety of medical expenses, including those not typically covered by health insurance. For example, dental costs can add up quickly with procedures like root canals, fillings, or braces, which most health insurance plans don’t cover unless it’s an emergency. HSA funds can… read more…
- Can You Use an HSA to Pay for Medicare Premiums?
Health savings accounts (HSAs) are a valuable and highly tax-advantaged tool for covering medical expenses. When you transition to Medicare, which most Americans become eligible for at age 65, you can continue using your HSA to cover qualifying health-related costs including most Medicare premiums and expenses. There are some limitations and rules to be aware… read more…
- How to Choose a Medicare Plan for You
Figuring out how to choose a Medicare plan begins with understanding your healthcare needs and matching them with the right coverage options. With a variety of plans available, you’ll need to compare benefits, costs and provider network to ensure your selected plan aligns with your health requirements and budget. You may consider working with a… read more…
- What Are Dental Savings Plans and How Do They Work?
Dental savings plans can help reduce out-of-pocket expenses for routine checkups, treatments and even major dental procedures. It’s important to understand the benefits and limitations of dental savings plans, so you can manage your costs effectively. Whether you prioritize affordability, flexibility in choosing providers, or comprehensive coverage, understanding the different types of dental savings plans… read more…
- Health Insurance Options for Retirees Younger Than 65
Retirees under age 65 face a unique challenge: As they don’t yet qualify for Medicare, they’ll need to secure some other form of health insurance coverage. From employer-sponsored plans to individual marketplace policies, there are many options available. Here’s what you need to know. A financial advisor can help you create a retirement plan that… read more…
- Can I Add My Retired Spouse to My Health Insurance?
If your spouse retires before you, a common question many people ask is, “Can I add my retired spouse to my health insurance?” The answer often depends on your specific health insurance policy and circumstances. By understanding the process and eligibility requirements, you can make sure that your spouse receives the necessary coverage without any… read more…
- Can I Contribute to an HSA Without an HDHP?
HSAs are not just a means to set aside funds for medical expenses. They’re a strategic financial tool that provides tax advantages and long-term savings potential. These accounts allow you to contribute pre-tax dollars, grow your savings tax-free and make tax-exempt withdrawals for qualified medical expenses. Understanding the rules that govern HSAs can help you… read more…
- How to Deduct Health Insurance Premiums If You’re Self-Employed
If you’re self-employed, the cost of health insurance doesn’t just impact your budget, it can also affect your tax bill. The IRS allows eligible self-employed individuals to deduct the premiums they pay for health, dental, Medicare and even long-term care coverage. This self-employed health insurance deduction is an above-the-line deduction, meaning you can claim it… read more…
- What Happens to Your HSA When You Change Jobs
When you change jobs to a new employer you leave your old position behind but your health savings account (HSA) comes with you. You retain complete control over it and can keep paying your medical bills with the funds in your account. This is the case whether your HSA was set up through your former… read more…
- Documents You Need to Apply for Medicare in 2025
Medicare enrollment starts with your application. You can typically initiate this process on the Social Security website or at your local Social Security office. And it requires the completion of certain forms. Applicants will have to provide information about their identity, employment history and health status. The process can typically span up to three months.… read more…
- What Is the Medicare IRMAA and How Is It Calculated?
Put simply, an income-related monthly adjustment amount (IRMAA) is an additional charge added to your monthly Medicare Part B and Part D premiums if your income exceeds certain limits. It’s designed to ensure that individuals in higher income brackets contribute more toward the cost of their Medicare coverage. Here’s what you need to know about… read more…
- What Income Is Used to Determine Medicare Premiums?
Understanding your income and how it impacts your Medicare premiums is crucial for effective retirement planning. Your income can directly influence the cost of your Medicare premiums. By learning how to manage and potentially lower your income for premium calculations, as well as familiarizing yourself with the income limits set for premiums, the method of… read more…
- Health Insurance Options for High-Net-Worth Individuals
For high-net-worth individuals, health insurance isn’t just about covering medical bills, it’s about securing access, flexibility and peace of mind. With complex lifestyles that may include frequent travel, multiple residences and a focus on preventive or concierge care, traditional health plans often fall short. The wealthy have unique healthcare needs that demand more personalized and… read more…
- Dental Savings Plan vs. Insurance: Pros and Cons
Health insurance doesn’t cover your teeth. Your teeth can cause pain, get infected and need treatment, just like any other part of the body. But when it comes to actually getting treatment the standard health insurance doesn’t cover it. Instead, you… read more…
- What Medicare Assignment Is and How It Impacts You
If a doctor or other healthcare provider accepts a Medicare assignment for a particular service, a patient covered by Medicare will likely have to pay less out of pocket for that service. Accepting Medicare assignment means the healthcare provider has… read more…
- Differences of Medigap vs. Medicare Advantage
Medigap and Medicare Advantage are both healthcare plans used by people in retirement. Medigap insurance helps supplement areas like coinsurance, deductibles and copayments. Medicare Advantage, sometimes called Part C, plans are offered by private firms approved by Medicare. We’ll dive… read more…
- Vanguard’s 3 Steps to Maximizing Your Medicare Coverage
When it comes to Medicare, understanding your healthcare needs and finding the right coverage are essential. But as you get close to or enter retirement, making decisions about your health can be overwhelming. To make the process a little easier, Vanguard… read more…
- What Is a High-Deductible Health Plan?
According to the U.S. Bureau of Labor Statistics, the average American household spent $5,177 on healthcare costs in 2020. With healthcare costs eating into many American budgets, you may wonder if a high-deductible health plan (HDHP) can cover some of those expenses or leave you on the hook for necessary medical care. Let’s break down… read more…