Medicare Minute: Medicare +Employer-Based Coverage

WHAT IS THE DIFFERENCE BETWEEN PRIMARY AND SECONDARY COVERAGE? When you have Medicare and another type of insurance, Medicare will either pay primary or secondary for your medical costs. Primary insurance pays first for your medical bills. Secondary insurance pays after your primary insurance. Usually, secondary insurance pays some or all of the costs left …

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Understanding Required Minimum Distributions From IRA’s

What are Required Minimum Distributions? Beginning when they reach the age of 70 ½, IRA owner’s must start taking withdrawals from their account each year. These withdrawals are known as RMDs (Required Minimum Distributions) A choice can be made to delay the first of theses distributions until April 1st following the year the account holder …

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