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News You Should Know

News You Should Know: Medicare Part B Premiums to Drop in 2023

Happy senior couple going through medical insurance paperwork with a doctor.
Photo credit: Drazen Zigic/Getty Images

Medicare Premiums Will Drop Next Year. Here’s How Much You’ll Save. | CBS News

In this age of rising health care costs, Medicare announced a rare decrease for next year. The premium for Part B, which covers things like outpatient care and doctor’s visits, will drop by about 3 percent in 2023. The annual deductible for Part B will also decrease.

US Moving Closer to Letting Americans File Taxes Online for Free | Business Insider

The recently passed Inflation Reduction Act included $15 million for the Treasury Department to look into simplifying the tax filing process, with the goal of making it easier, faster and less expensive. Officials say an updated system could allow many people to file their taxes with just a few clicks and without having to pay for tax preparation services or software.

The 401(k) Industry Launches Rollover Plan for Old Retirement Accounts | CNBC

Several large administrators of employer-based retirement plans are teaming up to help reconnect people with plans they left behind at old jobs. The partnership will aim to automatically move a 401(k) to a worker’s new employer plan, when possible, or the worker can choose to cash out.

As COVID-19 Subsides, Online Memory Cafes for Dementia Linger | Next Avenue

During the COVID-19 pandemic, social support groups for people with dementia moved online like many other activities. As many people resume in-person activities, these online “memory cafes” are finding that they can continue to reach people they wouldn’t otherwise if they were strictly in-person.

News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.

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