Can you contribute to a health savings account (HSA) when you’re on Medicare?
You cannot contribute to a health savings account once you enroll in Medicare, regardless of your age. The key factor is Medicare enrollment, not turning 65. Many people assume HSA contributions must stop at age 65, but this is incorrect. If you are 65 or older and have not enrolled in Medicare while maintaining qualifying […]
Watch: As AI Makes More Health Coverage Decisions, the Risks to Patients Grow
[embedded content] This year, executives from nearly every major health insurance company made the same declaration in calls with Wall Street analysts: Using artificial intelligence to make coverage decisions would help save them money. Even the Trump administration is testing AI’s usefulness in managing the prior authorization process for the Medicare program, as well as […]
What the Health? From KFF Health News: Abortion Pills, the Budget, and RFK Jr.
The Host At the Trump administration’s request, a federal judge in Louisiana this week agreed to delay a ruling affecting the continued availability of the abortion drug mifepristone. That angered anti-abortion groups that want the drug, if not banned, at least more strictly controlled. But the administration clearly wants to avoid big abortion fights in […]
What are Medicare Penalties for Late Enrollment?
Medicare late enrollment penalties can permanently increase your monthly premium for the rest of your life. Understanding these penalties is crucial to avoid costly mistakes in retirement. Your initial enrollment period is a seven-month window around your 65th birthday, starting three months before you turn 65 and ending three months after. If you’re receiving Social […]