Rising healthcare costs are a major concern for older Americans, and it's affecting their finances and political priorities. Open enrollment for Medicare began in October, with changes in costs and coverage. Prescription drug prices remain high and that's forcing some people to ration medications. Long-term care costs have also increased significantly. Social Security's future is uncertain, with potential benefit reductions by 2034 if funding issues aren't addressed. One 83-year-old retiree from Ohio says she faces financial strain due to medical expenses despite her careful retirement planning. Barbara Weigand recently withdrew $4,000 from her retirement account to cover cancer treatment costs.

WASHINGTON (AP) — Chronically ill people on Medicaid won't be bound by new work requirement rules that the latest Trump administration guidanc…

People often underestimate some expenses when planning for retirement. In my conversations with older adults about their in-retirement finance…

WASHINGTON (AP) — Investments in pharmaceutical companies made on behalf of President Donald Trump increased significantly after he returned t…

WASHINGTON (AP) — Open enrollment for Medicare plans begins Thursday and enrollees will face a slew of changes that go into effect in 2027.

President Donald Trump's Trump’s promised $90 Medicare rebate rolls out this week, but millions of people will be left out. The rebates are estimated to cost $2 billion and are intended to help more than 20 million Medicare enrollees with their Part B premiums. Less than one-third of all Medicare recipients are eligible for the payouts. Not eligible are roughly 35 million Medicare Advantage enrollees, millions of other people with disabilities and low-income Medicare recipients. The election-year promise comes as the Novembers midterms are fast approaching, with the cost of living and healthcare expenses among the top issues for voters. Critics say the move is a political stunt.