Financial Advice for Retirement, Social Security, IRAs and Estate Planning

The Budget Deal and Your Medicare Benefits

February 13, 2018

Last week the President and Congress agreed to a two-year budget and spending agreement. Most of the reporting focused on the total value of the dollar and how it affects the politically-charged spending items, there were important Medicare changes. As this article explains.

The bill includes other changes to Medicare, including relief for seniors in the drug benefit’s infamous donut hole and the death of a government panel aimed at controlling program costs. It may also set the stage for raising Medicare premiums for high-income seniors and reduce funding for a public health program aimed at addressing conditions such as diabetes, and heart disease.

 

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