If you’re one of the millions of Americans enrolled in Medicare, you (and your wallet) may notice some important changes to the program this year. In addition to lower Part B premiums, this year should bring caps on insulin copays, expanded access to mental health services and more free vaccines. Medicare is also laying the groundwork for its new drug price negotiation process.
Lawmakers in Congress are setting up a new subcommittee dedicated to overseeing and regulating cryptocurrency. The Subcommittee on Digital Assets, Financial Technology and Inclusion will fall under the existing House Financial Services Committee and will be tasked with creating policy around digital currencies and promoting equity in financial technology.
With the Federal Reserve raising interest rates significantly in the past year, you may be expecting to see the rate on your savings account(s) rising accordingly. But some banks may only offer higher rates to new customers, or only to certain types of accounts. It’s worth doing some research to find out if you’re getting the best rate.
There’s a lot of advice out there about how to slow down or reverse aging, but it turns out a key element to healthy aging is also a simple one: Drinking enough water. New long-term research finds people who stay well-hydrated tend to have lower rates of chronic health problems and a lower risk of dying early.
News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.