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The Money Overview

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Tyler Foster

Latest Articles by Tyler Foster

Fraud & Scams

Medicare warns of a “new card” scam demanding your number before benefits switch

A caller says a new Medicare card is on the way, then explains that benefits cannot switch over until the recipient reads back the number...

Cost of Living

Illinois raised its senior property-tax freeze income limit to $75,000 for 2026

Illinois has lifted the income ceiling for its senior property-tax freeze to $75,000 for the 2026 tax year, up from $65,000, opening the benefit to...

Social Security & Medicare

Who still pays federal tax on Social Security? Retirees whose combined income tops limits frozen since 1984

A retiree owes federal income tax on Social Security only when a specific measure of income climbs above $25,000 for a single filer or $32,000...

Cost of Living

Texas homeowners 65 and older can freeze school taxes and shield an extra $10,000

Texas offers homeowners a rare combination once they turn 65: a school-property-tax bill that stops rising and an additional slice of home value shielded from...

Cost of Living

Seniors 60 and older can deduct medical costs over $35 to raise food-stamp benefits

For older Americans on tight fixed incomes, a small line in the SNAP rulebook can meaningfully raise a monthly food benefit, yet it is one...

Social Security & Medicare

About 2 million seniors who qualify for Medicare’s Extra Help skip roughly $11.4 billion in drug savings each year

A federal program built to lower prescription-drug costs for the poorest Medicare beneficiaries is one of the most underused benefits in the entire system. About...

Social Security & Medicare

Two nights in the hospital under observation instead of admitted can cost thousands and block nursing-home coverage

A patient can spend two or three nights in a hospital bed, receive tests, medication, and monitoring, and still never be admitted as an inpatient....

Social Security & Medicare

Original Medicare covers no routine dental, vision, or hearing, a gap that surprises many the year they retire

Enrolling in Medicare at 65 does not close the most predictable health expenses of later life. Original Medicare, the federal program made up of Part...

Social Security & Medicare

$274 will be Medicare’s 2027 price for Ozempic and Wegovy, down 71%

Medicare’s negotiated price for the blockbuster semaglutide drugs will fall to $274 for a 30-day supply in 2027, a 71 percent cut from a list...

Social Security & Medicare

A dropped Medicare Advantage plan triggers a guaranteed right to buy any Medigap policy

When a Medicare Advantage plan terminates its contract or stops serving a member’s area, federal rules can open a guaranteed-issue window to buy a Medigap...

Social Security & Medicare

Fairview Health will drop UnitedHealthcare Medicare Advantage patients on January 1

Fairview Health will stop scheduling UnitedHealthcare Medicare Advantage patients on January 1, 2027, a contract split that pushes affected members out of network at one...

Social Security & Medicare

Social Security averages your highest 35 years, so one more working year can replace a zero and lift your check

Social Security builds a retirement benefit from the 35 highest-earning years of a person’s career, not from the final salary or the last few years...

Social Security & Medicare

Claim Social Security after full retirement age and you can request up to six months of benefits as a lump sum

Social Security lets people who wait past full retirement age to file collect a single retroactive payment worth up to six months of benefits, a...

Social Security & Medicare

Social Security’s 2027 raise could near 3.8%, adding about $74 a month

Social Security’s annual raise for 2027 could land near 3.8%, adding roughly $74 to the average monthly retirement check, based on the latest estimate from...

Social Security & Medicare

Social Security now gives five years to repay an overpayment, but tougher 2026 recovery rules can still claw back checks

Social Security has given people who owe the agency money more room to breathe, extending the time to repay an overpayment to five years, up...

Social Security & Medicare

Social Security now scans every SSI applicant’s bank accounts, running up to 10 geographic searches to catch hidden money

Social Security’s needs-based disability program leans on an automated bank check that reaches well beyond what an applicant writes on a form. Under the process,...

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