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You may be able to trim your Medicare expenses Here s how

You may be able to trim your Medicare expenses. Here s how CNBC 1/25/2021 Sarah O Brien Some Medicare costs have increased for 2021, including the premiums and deductibles for Parts A and B. Average premiums are lower for Advantage Plans and Part D prescription drug plans, although other features may cost more. Beneficiaries who are struggling to pay may be able to trim their expenditures. © Provided by CNBC It s a new year, which means new Medicare costs. For Medicare s 63 million beneficiaries, certain parts of the program change yearly and can affect premiums, deductibles and other cost-sharing. While the upward adjustments don t necessarily involve huge dollar amounts, they can become challenging for some beneficiaries.

How to enroll in Medicare during general enrollment period

What happens to Social Security disability when you turn 65?

What happens to Social Security disability when you turn 65? Updated Dec 16, 2020; Q. My sister has been collecting Social Security disability and has been on Medicare since she had a stroke seven years ago. She is turning 65 on Dec. 30. WIll Social Security automatically convert her disability into retirement payments? Also, will she now be eligible for Medicaid along with Medicare? Sister These federal benefits can be confusing, so let’s go through it. There are two types of federal disability benefits: Social Security Disability Insurance, or SSDI, and Supplemental Security Income, or SSI. SSDI is paid by the Social Security Administration and provides payments to those who qualify medically, have amassed the necessary work history within a recent time frame and paid Social Security taxes on their earnings, said Claudia Mott, a certified financial planner with Epona Financial Solutions in Basking Ridge.

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