AS KIPLINGER'S WENT TO PRESS, the U.S. House of Representatives was expected to approve the Inflation Reduction Act, a $739 billion package that includes everything from a tax hike on large businesses to extended subsidies for Affordable Care Act health insurance policies. Here's a look at the provisions that could affect your finances.
Lower drug costs for seniors. Medicare will have the right to negotiate prices for prescription drugs for the first time since Congress enacted a prescription drug benefit for seniors in 2003. However, the authority won't extend to all prescription drugs. Starting in 2026, Medicare will be allowed to negotiate prices for the 10 highest-cost drugs covered by Medicare Part D. The number will increase to 15 Part D drugs in 2027, 15 Part B and D drugs in 2028, and 20 Part B and D drugs in 2029 and beyond.
The bill also includes a $2,000 cap on seniors' Part D out-of-pocket costs, starting in 2025. The Kaiser Family Foundation estimates that 1.4 million Medicare beneficiaries had out-ofpocket drug costs of $2,000 or more in 2020.
Seniors who rely on insulin to treat diabetes will also benefit from a provision that caps the cost of insulin at $35 a month.
この記事は Kiplinger's Personal Finance の October 2022 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Kiplinger's Personal Finance の October 2022 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
MAKING A DIFFERENCE IN THE LIVES OF DISABLED VETERANS
He suffered grave injuries in the line of duty. Now he helps other veterans who have disabilities.
DO YOU NEED UMBRELLA INSURANCE?
A policy can protect you from financially devastating events.
Navigating Finances as a Blended Family
Money matters can get complicated when two families unite. Planning is key.
BREAKING UP WITH YOUR BROKER
Be aware of these challenges when you move your money to a new home.
CHOOSE A MEDICARE PLAN THAT'S RIGHT FOR YOU
Consider your health care needs over the long term as you weigh costs and coverage.
Keep Faith in These Stocks
IN 1997, I coined the phrase “faith-based investing.” It has nothing to do with religion or with picking stocks at random.
OUR ESG PICKS ARE THRIVING
Despite an ongoing backlash, our favorite stocks and funds focused on environmental, social and corporate governance issues had a good year overall.
MONEY MANNERS FOR THE MODERN AGE
The customs for splitting a restaurant check, purchasing a wedding gift, tipping and more have evolved. These guidelines can help.
ELECTION 2024: POLITICS AND YOUR PORTFOLIO
Who wins the White House matters—but only at the margins when it comes to your investments.
YOUR GUIDE TO OPEN ENROLLMENT
With health care costs on the rise, it’s critical to select a plan that fits your needs at the right price.
