To pay for their dream retirement home, a couple needs to tap their IRAs, but withdrawing the money will mean higher Medicare premiums. Answer: You have the right to appeal an increase in your premiums, but successful appeals usually require someone to have experienced a drop in income due to retirement, a spouse’s death or divorce, for example. Spreading the …
Figuring out the ideal time to spend funds from health savings accounts can be tricky. Divorced spousal benefits, like spousal benefits for those who are still married, are based on the primary worker’s benefit at full retirement age. Spousal and divorced spousal benefits aren’t eligible for the delayed retirement credits that increase workers’ benefits when they delay applying for Social …
Health savings accounts offer a rare triple tax break and can be rolled over from year to year, allowing the balance to grow and be invested. If you do need to access your HSA funds, you can use your employer-provided card to pay medical bills or submit receipts to the HSA administrator for reimbursement. Explaining required minimum distributions Dear Liz: …
Out-of-pocket-expenditure in India continues to account for more than half of its current health expenditure with significant state-level variations. Catastrophic health spending varies enormously across and within countries and is consistently high among the poor, less educated, uninsured, rural households, female-headed households, households with members suffering from chronic illness, and households with older people. While increasing the depth of particular …
