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1 week ago | 
kiplinger.com | Kimberly Lankford
Depending on your health insurance policy, you may have noticed that you need to get permission from your insurer before it will pay for a medication, treatment or procedure your doctor prescribes — even if it’s covered by your plan. This extra step, called prior authorization, is becoming more common with most types of health insurance, including Medicare Advantage, employer coverage and individual plans sold through HealthCare.gov or your state health insurance marketplace.
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1 week ago | 
money.usnews.com | Kimberly Lankford |Barri Segal |Liisa Rajala
Key Takeaways Trump's tax bill, which the House passed on May 22, will reduce taxes for high earners. The bill preserves many of the tax breaks from the Tax Cuts and Jobs Act of 2017, which were scheduled to expire at the end of 2025. The top tax bracket will continue to be 37% rather than reverting back to 39.6%. The bill reduces the itemized deductions for taxpayers in the top income tax bracket.
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1 week ago | 
money.usnews.com | Kimberly Lankford |Barri Segal |Liisa Rajala
Key Takeaways: The House bill passed on May 22 includes several new or expanded tax breaks for children, health care costs, car loans and education expenses, and some significant changes to student loans. The government would contribute $1,000 to new child savings accounts for babies born from 2025 through 2028. Expanded HSA contributions and eligible expenses may help middle-income families. Revising student loan repayment rules may cost families more.
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1 week ago | 
theepochtimes.com | Kimberly Lankford
By Kimberly Lankford
From Kiplinger’s Personal FinanceDepending on your health insurance policy, you may have noticed that you need to get permission from your insurer before it will pay for a medication, treatment or procedure your doctor prescribes—even if it’s covered by your plan.
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3 weeks ago | 
kiplinger.com | Kimberly Lankford |Ellen Kennedy |Donna LeValley
These seven tips can help you qualify for Roth IRA contributions if your income exceeds the cutoff (MAGI).
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1 month ago | 
kiplinger.com | Kimberly Lankford |Donna LeValley
Your HSA can reimburse you with tax-free withdrawals even if your Medicare premiums are automatically deducted from your Social Security check.
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1 month ago | 
kiplinger.com | Kimberly Lankford
Prescription drug costs have risen significantly over the past several years. Among drugs that went up in price from January 2022 to January 2023, the average increase was 15.2%, and it was 11.5% the previous year, according to the most recent data available from the U.S. Department of Health and Human Services. A Commonwealth Fund study found that 14% of Medicare beneficiaries didn’t fill a prescription or skipped a dose of their medication because of the cost.
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1 month ago | 
kiplinger.com | Kimberly Lankford
Lately, the headlines have been filled with news of layoffs, especially for federal employees and tech workers. Depending on your field, however, your job may not be at much risk of hitting the chopping block. And if you’re looking for a new role, your prospects may be closely tied to your corner of the market. For some job hunters, finding work can take months. When it comes to unemployment, the figures started the year looking good, with the overall unemployment rate at a low 4% in January.
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1 month ago | 
theepochtimes.com | Kimberly Lankford
By Kimberly Lankford
From Kiplinger’s Personal FinancePrescription drug costs have risen significantly over the past several years. Among drugs that went up in price from January 2022 to January 2023, the average increase was 15.2 percent, and it was 11.5 percent the previous year, according to the most recent data available from the U.S. Department of Health and Human Services.
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1 month ago | 
money.usnews.com | Kimberly Lankford |Barri Segal |Tanza Loudenback
Key Takeaways: Income taxes will increase for most taxpayers in 2026 unless Congress extends the Tax Cuts and Jobs Act. Congress may face pressure to add additional tax cuts proposed on the campaign trail, such as eliminating taxes on tips, overtime pay and Social Security benefits, and to change the cap on deducting state and local taxes. Congress has to balance the cost of these breaks with the benefits.
