3 Changes Coming for Social Security in 2025

And, find out where the presidential candidates stand on Medicare and Social Security. Created for {EMAIL} | [Web Version]( September 3, 2024 CONNECT WITH KIPLINGER  [LinkedIn]( [Facebook]( [X]( [Instagram ]( [Youtube]( [SIGN UP](format=multipart) ⋅ [WEBSITE]( [] INTRODUCTION [] [Stepping Into a New Medigap Plan]( Medicare covers the lion’s share of a senior's medical expenses, but there are still co-pays, deductibles to be paid and services that Medicare doesn’t cover. A [Medigap policy](, also called Medicare Supplement Insurance, can help cover those uncovered and out-of-pocket expenses. However, Medigap is private insurance and has very different rules than Medicare. Policy providers can use underwriting outside your initial enrollment period to determine your eligibility and premiums. If you are shopping for a new plan or considering returning to Original Medicare, use our article on the [rules for making a Medigap switch]( to choose the best and most economical Medigap policy. - Donna LeValley, personal finance writer [When Can I Retire?]( As you're deciding when to retire, you'll need to think about how much money you're likely to spend each year. Vanguard advisors are here to help investors like you make more informed and confident financial decisions. [LEARN MORE]( ADVERTISEMENT [] SOCIAL SECURITY IN 2025 [] [3 Changes Coming for Social Security in 2025]( [3 Changes Coming for Social Security in 2025]( (Getty Images) Summer isn’t officially over, but Labor Day is in the rearview mirror and we are starting to look ahead to 2025. While the official COLA numbers won't be released until October 10, there are Social Security changes we can anticipate now and start planning for. Read my article about the [three changes to coming to Social Security in 2025]( to get a head start on your financial planning. [] EMPLOYEE BENEFITS [] [Want to Quit? You Could Lose Retirement Savings]( [Want to Quit? You Could Lose Retirement Savings]( (Getty Images) Sometimes a day or week can go so badly at work that finding a new job may seem like the best solution. I advise caution when making such an important decision because you can lose more than a paycheck if you quit at the wrong time. If you have a 401(k) plan, your employer-provided match may be in jeopardy if you exit at the wrong time. Read on to fully [understand vesting in retirement plans and know the federal rules your employer must follow](. [] PRESIDENTIAL ELECTION 2024: MEDICARE AND SOCIAL SECURITY [] [Presidential Candidates and Their Stances on Medicare and Social Security]( [Presidential Candidates and Their Stances on Medicare and Social Security]( (Getty Images) Election day 2025 is only nine weeks away and it’s time to sort through the campaign slogans and stump speeches to find out what former President Trump and current Vice President Harris plan for Medicare and Social Security. We know how important these issues are to our readers and want to provide the facts to help you decide where your interests will be best served. Keep reading to learn about [Trump's past performance and current promises]( and see [if a Harris administration would continue on the same trajectory as Biden]( or take a different course. [5 Money-Management Tips for International Travelers]( Maximize your travel rewards and avoid foreign transaction fees. Get favorable exchange rates and earn cash back on every purchase. 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