Congress expanded benefits for Medicare recipients with chronic conditions in its latest budget bill. The law gives some Medicare plans the option of covering certain non-medical benefits and also increases telehealth services.
Medicare is extending its offer of relief from penalties for certain Medicare beneficiaries who failed to sign up for Medicare Part B because they had coverage through the individual insurance marketplace.
A U.S. court of appeal has struck down a Department of Labor rule that was intended to prevent financial advisers from steering their clients to bad retirement investments, but the Securities and Exchange Commission has proposed new regulations to at least partially address the same problem.
There are two main types of employee retirement savings plans: the traditional 401(k) and the Roth 401(k). Distributions from a Roth 401(k) are usually tax-free, but there is a little-known situation where distributions can be taxed.